The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-21

ments is as Mysterious as Ever.
New York, Aug. 20.-Hoskier, Wood
& Co., wilu ship $1.750. 900 in gold by
tomorrow's steamer. They will ship
more later in the week. Crossman &
Brown will ship $1,000, 600 and it is be-
lieved that Ward & Rand, also Handy
& Harmon. will export gold tomorrow.
Nesslagc &, Fuller will ship 100000.
New York, Aug. 20.-The government
syndicate this afternoon turned S2,O00,-
00G0 in gold into the subtreasury, max
ing good the Withdrawals for ship
ment to Europe.
Washington, Aug. 20.-The gold syn
dictate today prevented the gold reser-
We from falling below the sl0O, 600, 900
mark. About o'clock the treasury de-
partment was informed that $3.50, 900
in gold had been withdrawn for ex-
porting from the sub-treasury in New
York. As the gold reserve at the close
Of business today stood at s102, 527, LAG
the withdraw would reduce the re-
serve to s99, 677,14S. A few minutes
afterward, however, Acting Secretary
Curtis received a telegram saying that
Mr.. Pierpont Morgan of the syndicate
had deposited 100000 in gold in ex-
change for greenbacks. This deposit
swelled the reserve to S101, 677, 14S.
The officials at the department dis
play no apprehension as to the gold
reserve and intimate that the syndicate
will continue to make deposits to off,
set Withdrawals. But they decline to
express their reasons for their faith,
and the question raised constantly is as
to the pledge under which the syndi-
cate is making these deposits and the
period covered, as well as the ability
of the syndicate to continue to protect
the reserve. But little light can be
shed on these question, however, as 1t
is said that probably only two gov
eminent officials, President Cleveland
and Secretary Carlisle, know the un-
written part Of the agreement with the
syndicate which secured the last is
sue Of bonds. The syndicate has so far
voluntarily deposited about SS,00O,OOo
in gold.
The manner in which the syndicate
has accumulated the gold which il has
voluntarily exchanged at the treasury
for greenbacks Is not absolutely known.
The syndicate does not make public
its opera tons, but at the treasury 1t
is believed the mo ST of il is obtained
by giving exchange on San Francisco
and by buying bullion checks. The
circulation in San Francisco is prac-
tically all gold. The movement OF
money is east, as a result of which San
Francisco exchange in New York is I'M
usually at premium equal to the cost
of transportation of gold across the
continent. For the same reason New
York exchange on San Francisco Is
often at slight discount, although just
now it is at par. If exchange on San
Francisco. therefore, the syndicate can
accumulate large quantities of gold in
San Francisco at practically no ex-
penses. The syndicate can also pro-
cure gold bullion checks issued for
bullion deposited at the assay office
and the governments. These at the
present time when there is a demand
for gold, bring a slight premium. 1t Is
not believed, however, that the syn
dictate is put to much expenses in ac>
cumulatin in this fashion, practically
the entire production of the American
gold mines. which averages usually
about s35.000.000 year.
Cha ,ges In Grain Stocks.
New York, Aug. 20.-Special cable
and Geographic advices TO BradstreetS
covering principal points oe accumula-
ton in the United States. Canada and
Europe together with supplies af1oat
for Europe from all sources, indicate
the following Changes III d|diidplc
stocks last Saturday as compared with
the preceding Saturday: Wheat United
States and Canada, east Of the Rocky
mountains, decrease 100000 bushels.
Afloat for and in Europe. increase l.
120. 600 bushels. Corn, United States
and Canada, east of the Rockies. de-
crease $50, 900 bushels. Oats, United
States and Canada, east of the Rockies.
decrease III 900 bushels. The principal
decreases in the available visible sup
ply report include $4,000 bushels in
Minneapolis private elevators; 10000
bushels al Joliet: 5000 bushels at RO-
chester and $1,000 bushels at Leaven-
worth. The larger increases included
10000 bushels in Milwaukee elevators:
81 900 at Louisville, 81 900 at Port Huron
and %, 900 in Northwestern elevators.
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