The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-02
TURNING OF THE TAWNY TIDE.
SHIPMENTS OF GOLD COME TO a
SUDDEN STOP.

ernment Expected TO save 4,OOO,-
600 Dollars Gold by the CanceIIa-
tIon of shipments-The withdraw
ais From the Sub-Treasury at
New York During the Week Ia
O72,A75 Dollars.
New York, Feb. IA turn in the tide
of gold exports occurred to-day. a num-
Der Of the shippers who intended exporting
gold by to-morrow's European steamers
were prevented by the drop in sterling eX-
change and have returned some of the gold
to the sub-treasury. The amount return
ed was 81, $4,000. of which 100000 was for
the account of Lazard Frers. One firm re-
turned S450000 and another Sl50,000. J.. Won
Hoffmann < Co., have also given notice
that they will return 100000. 1t is figur-
ed that the government viii save 100000
gold owing to the cancellation of ship
ments. So far as known Hoskier, Wood
& Co., will export s45OOOO. this gold hav-
ing been put on board before the break
in the sterling exchange market. There
will also be forwarded 100000 on special
order. At one time to-day the engagements
were s., 100000. During the week the with
drawals from the sub-treasury were $ll,-
10000 for export and s., 2,4o2, ,475 for domestic
purposes, a total of $14072,475.
The engagements of gold for shipment
to Europe tomorrow up to u O'Clock
to-day amounted to $4,95O,OOO as follows:
Lazard Frers, $2,500,0OO; L. Won Hoffman,
& Co., (probably) SS5O,OOO; Hoskier, Wood
ed L g.
$500, 900, and Heidelback, Inkelheimer &
Co., $780, 900. The withdrawals from the
subtreasury during the first hour this
morning were 81, $4,000. and the receipts
100000
Washington, Feb 1.-To-day for the first
day in several weeks the treasury gained
instead Of lost gold. The net gain for the
day was slight, being only s5lS,5OO but it
increased the reserve to S42,9l5, 46I. This
increase was brought about by the re-
turn of 81 100000 in gold to the New York
sub-treasury by exporters and bankers
who had taken 1t out earlier in the week.
The withdrawals. however, continued on
a diminished scale, amounting for the
day to 81 PSI, 800 OF this amount $780,
900 was for export. During January only
seven tenths of one per cent, Of the Gus
/ toms receipts at New York which ag-
gregated $12, ,s17. SIT, were paid in gold coin
| or gold certificates.
| A somewhat more encouraging showing
/ than for some months past is made in the
| official statement of the receipts and eX-
! penditures for the month Of January.
| The receipts aggregated $27, ,S0,399, an in
| crease of nearly 100000 over December
! last, and nearly A,O00,000 greater than in
January, 1891. For the seven months of
the present fiscal year the receipts have
aggregated $lS7 1913, S57, as against $l757 79S,-
183 for the corresponding seven months of
the last fiscal year. The expenditures for
January foot up s3i, ,523 Az, an increase over
January, 1894, of S3,000000, and for the
seven months Of the fiscal year amount
to $221 AIS, ,927. or $1,000 600 less than for the
corresponding period of the last fiscal
year.
On Feb. l, 1894, the treasury expendi-
lures in excess of the receipts were $751;
100000; on Feb. l, 1895, they are $3i,000,O0O
in excess of the revenue.
The debt statement issued this after
noon, shows a net increase in the public
debt, less cash in the treasury, during
January of $l3,542,573
The interest-bearing debt increased So
155, $50 the non-interest bearing debt in
creased $314,172, and the cash in the treas
ury decreased $S,734,275.
The balances of the several classes of
debt at the close of business an Jan. 81,
were as follows Interest-bearing debt,
1854, go, no. debt on which interest has
ceased since maturity 81, 792. 500; debt bear
ing no interest, 1882 9S3, 17S; total, S1,069,-
O49 579.
The certificates and treasury notes off
set by an equal amount of cash in the
treasury, outstanding at the end of the
month, were $57S,777, ,914, a decrease of $l1,-
356, 1870.
The total cash in the treasury was $751;
40 gold wa SAf 70E Qf7
The net cash balance was S99, ,S97, ,337.
III the month there was a decrease in
gold coin and bars of S42 252, ,577, the total
at the close being s97, 1853, us. OF silver there
was an increase of $3,05l, ,92S. OF the sur
plus there was in national bank deposit
tories SIG, ,156,715, against $16197,719 at the
end of the preceding month.
London, Feb. 1.-Renewed representa-
tions in behalf of the United States gov
ernment have been made to-day to prom
inent London financiers that a bill would
be brought in for a satisfactory arrange
ment of the currency as soon as possible
after the assembling of the next con-
gress In the meantime, it was repre-
sented that the government could only
issue per cent. bonds, of which large
portion would be taken in New York.
London houses have promised to take
part of the bonds if issued, but to a much
less amount than will be taken in the
United States, which the United States
agents SAID to-day they expected would
amount to about $25. .00O0 900. It is stated
that the firms in London which have
agreed to take the bonds are the Roths-
childs, Morgans and Raphaels.