Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1895-09-19
VIEWS IN WASHINGTON.
No Bond Issue Before Congress Nee is, it
is Believed.

is Believed.
Washington, D. c., Sept 14.-The feel
ing of apprehension that resulted from
yesterdays heavy Withdrawals Of gold
for export has almost entirely disap-
peared from the treasury department
this morning, but it has given place to
one of anxiety for the future. None of
the higher officials now in Washington,
so far as can be learned, is in Mr.. Car
isles confidence to the extent of know
ing his views of the situation or his pur-
poses for the future, and hence no one
is able to speak with any degree of GER
tainty as to what would be done III the
event of continued heavy Withdrawals of
gold.
The concensus of opinion, however, is
that there will be no issue of bonds in the
| near future in any event, and that an is
sue before Congress has had an 0ppor-
tunity to act is extremely improbable.
| an issue before that time will be extreme.
| 1t is argued that the shrnkage IL the
/! shipment of cotton is unusual and Tar be-
| low that of any recent year, and that grain
shipments surely must soon begin and
| that improved business will stiffen mony
| rates A turn of the tide therefore is
| expected. The fact too, that he United
States has since january /. 1894, eX-
| ported more than S12O.OOO,OOO in gold in
| excess of her imports, it is claimed, is a
strong argument in favor OF speedy re-
| turn to normal conditions.
| What action Congress will take in the
matter is probiematical. 1t seems more
| than probable that the administration will
present some plan for the retirement OF
| the United States notes now outstanding.
| These amount to over S247, 100000 and
| their presence in our currency is regard
| ed as q constant menace to our financial
| stability. That some measure to this
! end will be pres ented in Mr. Cleveand's
| message at the reconvening of Congress
| is very probable. and it is thought that
! Mr.. Carlisle is working out a scheme
| by which this volume of currency can be
| retired without any serious financial dis
| +Urbancl
Treasury sta cement.
Today's statement of the condition of
| the treasury shows: Available cash bal
ance. $1S2. S24 $685. gold reserve, $780,,
&c., OH.
WARRANTS DECIDED CAUTION.
Wall Street Holders of Securities Are
Careful.
New York, Sept. 14.--The develop
ments bearing upon the prices of stock
| operative today, causing extreme actv-
| ity III the dealings, attended by pro-
nounced weakness. Calm reflection over
night on the part of the financial COM
| munity at large resulted i'll conviction
| that the general outlook was such as to
| warrant decided caution.
Outside holders of securities were not
| disposed to risk the possibility of heavy
| liquidation in apprehension of large
withdrawals of gold for shipment next
week. Up to the close of business today
| no news of contemplated exports for
| next week had been reported, neither
| had any further deposits of gold by the
| banks or the syndicate been made. The
exchange market showed no reflection Of
today's heavy outgo of gold, aside from
an insignificant fractional decline in the
rate for demand sterling. The unset
Ting influence of the gold export prob
situatior was supplemented by rumors Of
| impending advance in the money market.
Thus far the firmer tendency of money
rates has only been indicated on small
lCouS