The record-union., 1895-09-14

New YORK, Sept. 13.-The following
announcements OF gold shipments by to-
morrow's steamers have been made: w.
II. Crossman d Bro. $1,000, 600; Hoskier,
Wood IL Co., S50O,000: Hard q Rand,
SOC, 900; Nesslage & Fuller, 100000; Laz-
ard f ares, s., 100000; Handy u Harman,
$l50,000.
The engae>ment of gold at the Sub
Treasury upto IL o'clock, aggregating 81,
800, 600 for export on to-morrow's steam
ers, had demoraliZing effect on share
speculation, and quotations at IL o'clock
were ! to per cent. below the final trans
actions of yesterday. All the leading
shares on 'Chsnge participated in the
downward movement and there was no
abatement of the pressure at IL o'clock.
The fact that Lazard Freres are import
ant members of the Government bond
syndicate increases the already great sur
prise regarding the gold shipment. a
member of the firm made the following
statement to the Associated Press: "We
believed that during the first half ofSep-
tember a sufficient amount of grain and
cotton and other bills would have been
Offering and the necessity of exporting
this gold thus aVerted. Our shipment Of
gold is an imperative necessity TO us to
fulfill our business obligations with Eu-
rope. We hold that it will be tempor-
AIRY eXpedient and that within the next
few weeks plenty OF bills will be Offering
and everything come around all right. The
firm says the low prices ruling for our
breadsLuifs, the slow movement in cotton
and the fair supply OF that staple already
in European hands are causes of the
shipment of gOld.''
The Hanover National Bank has de-
posted $500. 900 at the eSub-Treasury in ex-
change for green backs. The sum of $780,
900 was Withdrawn from the SubTreas-
ury this morning. 1t is part OF the en-
gagements announced for shipment.
j. Pierpont Morgan, the head of the
Government bond syndicate, when asked
as to the rumors OF the dissolution of the
syndicate, replied: The syndicate is still
in the field. There has been no rupture.
The syndicate will continue to do all it
can to help maintain the Treasury gold
reserve at the Sl00, 000, COO mark. The OBJ
legations Of the syndicate expired, how
ever, some time ago.
Mr.. Morgan expressed surprised at the
slow movement of the cotton crop and
the present scarcity OF bills against bread
stufIs. Ee said that undou btedly offer
ings Of these bills would be daily in
creased IN the next few weeks, thus form
ing a safeguard against exports being
made.
The President of a large downtown
bank said the syndicate was accumulat-
ing gold as fast as possible, and this
would be turned over to the Treasury.
The example of the Hanover National
Bank in depositing $500, 900 this morning
for greenbacks is expected to be followed
this afternoon by number of other New
York banks.
The National Bank of Commerce and
the American Exchange National Bank
have each deposited in the Sub-Treasury
500, 200 gold in exchange for green backs.
The National City Bank will probably
deposit between 100000 81, 100000
CAUSED SOMETHING OF \ SENSATION.
WASHINGTON, Sept. 13.-The news that
$780, 600 has been Withdrawn to-day
from the Sub-Treasury at New York for
export was received here with surprise
and the announcement created for mo-
ment something like a sensation in the
Treasury Department.
This feeling, however. was not shared
by the high officials, who apparently re-
gard the withdrawal as an incident to the
speculative spirit that seems to pervade
w all street. BY some officials il is thought
the Withdrawals are made with the sole
purpose of forcing another bond issue. 1t
can be stated, however, on excellent au-
thority, that there VIII not be another
issue of bonds, and none viii be needed.
Those cOgniZant of the facts state that the
Morgan Belmont syndicate, under the
terms Of the contract, will undou btedly
protect the gold reserve against the in
roads OF Spectators and Will see TO 1t that
q reasonable balance Is maintained.
No doubt is expressed that as soon as
the grain shipments from the North west
come in, there will be an abundant sup
ply OF foreign bills on The market to meet
every demand. and the Withdrawals, it is
thought, must necessarily cease.
THE TREASURY BALANCE.
WASHINGTON, Sept. 13-The treasury
general balance is SlSl. .962, 900, of which
50. .56S 600 is the gold reserve fund. The
deficit so far this fiscal year is SI4, ,000, ,00D,
and with the revenues running at the
present figures this deficit by January Ist
next Will approximate twenty-five or
thirty million dollars.
The amount realized by the treasury
bond issues made within the past two
years exceeds by only S6,000,000 the total
treasury balance to-day, so that without
these issues there would now be an
empty treasury. With full treasury, of
course il follows that gold can always be
had. but with a treasury depleted by ex-
penditures exceeding the revenues, and
with the tide of commercial exchange
against US, gold is difficult to retain in the
treasury.
The advices received at the Treasury
Department from New York stated that
81, zoo 600 in gold had been to-day with
drawn for export ana $500, 900 in gold had
been deposited.
The features of the day, as viewed from
here, were the appearance OF Lazard
treres as gold exporter, the deposit by
the Hanover National Band of S5O0000
in gold, the large demand for small
notes at south western points in exchange
Tor legal tender deposited in New York
and the readiness with which banks
availed themselves of Secretary Carlisle's 5
proposition TO deposit gold in New ork
1or currency deliverable at great contract
rates al Western and Northern points.
The gold exports to-day attracted at
tentlon 10 the fact that since July 18th,
when the gold export movement began.
about SIS. 100000 has been withdrawn
from the Treasury and Sl5,000,0O0 de-
posted. From January l to July 81,
1873, according TO statistics. 39,00S 900 in
gold was exported from The United
States, net loss of 81, 542, 600. For the
past three years the net loss of gold by
export has been: In 1894, SSI, ,2I2, 900;
1893, S7,Ol3,0O0; 1892, Sl9,0Sl, 900. For the
three months of July, August and Sep
tember OF the last year the gold exports
only equaled Sl9, 100000, and for the en-
tire month OF September the exports
amounted TO S237, ,000
THE BOND SYNDICATE HAS FULFILLED
IT'S OBLIGATIONS.
New York, Sept. I3..-In respect to the
gold engaged in this city to-day for
shipment by to-morrow's steamers. your
correspondent is authorized by the bond