The times. [volume] (Richmond, Va.) 1890-1903, 1897-08-26

There has been no such restoration or
confidence as would be calculated 10 make
any difference in the impression that has
prevailed for some time. and, as 90 your
original question. my view on the whole
is that there IS no ground az present TOT
expecting any substantial movement OF
gold TO America from England.
But will there not be large payments
coming due for wheat az its enhanced
value?"
Yes. but mainly from the Continent
not from England. where the harvest mas
been almost a bountiful one. and 10 a
large extent is saved already
Il was informed yesterday. Mr. Smith.
by leading authorities i'm the wheat trade.
that IN this broken weather continues the
harvest In the north Of England Will bc
gravely damaged. entailing Increased inn
ports OF American wheat and "A further
rise I'm prices
well. 1 have heard the opposite BE
sides that, they don't grow a great deal
of wheat I'm the north OF England. as 10 f.
too uncertain a crop. They go in princi-
pally for roots No. financial affairs VIII
have 90 be placed on n soundcr. steadicr
basis I'm the United states before invest
ments in American securities again be-
Gin here"
The World representative next saw Mr..
Francis Barring, present managing head
Of the Earrings firm I'm Bishopgate street,
who are largely interested IN American
trade.
Have you heard that there are likely
TO be considerable shipments ~ gold 20
America this autumn" was asked
mo one can really tell" replied Mr.
Barring. There are large shipments of
produce coming forward and there must
possible 10 say 10 what amount Of gold.
The cotton crop in the United states is
fairly good and wheat Will come az cny
rate at good prices but shipments OF
gold will depend on the market Tor Amer
team securities here"
Us an increased disposition 10 deal
I'm American securities shown hercT
yes Following New York which
leads us I'm this matter. there have been
large dealings lately. I should say there
IS a slowly growing confidence. Though
Il IS not very great so Tar, n is stu app
probable But 10 IS not possible 10 give
a definite opinion on the likelihood Of
considerable gold shi9men.s. so many
undetermined conditions "aist Besides
your bankers I'm New York could rrocnOs-
ticate about Il far better tian we here.
Mr.. Cosmo Brown. " Grown. Shipley d
Co.. when asked concerning the pro hahil-
itv Of heavy gold shipments, said decisive
"WeT. that viii fonond on whether
there IS continued selling of American
securities here. 70 is now going on all
the time, and If they con uay here for
imported produce with securities they
won't send gold.
~ NUA Nlnf'N TT any p wv so WI .'tt'.|
dence In American securities lcrct'
"No. none whatever and tncre viii not
be until the curreucf question is s,ltied
or there IS prospect 81 rs neinE settled.
II a commission had cen appointed when
the new President look Office II would
have tended 10 restore confidence and the
market for American securities would now
be better. but tho failure 10 appoint 10 has
given the market a etb1ck.
us there no buying here OF American
qagurfioa2f
None except speculative buying The
rood investment .ocurlties are being sold
10 get the high prices nJw oncring, ana
there ls no inclination IN the present
state Of affairs 90 reinvest. bhat thtfe
v-lU be some shipments q gold to the
United States I'm the fan - expected, but
II will not be anything cous'derahie,
though IL may harden ihe market Tor
The London and Westminster IS almost
II not quite. the biggest IF he iolnt stock
banks i'm England. and n Us certainly one
OF tho most representative. MT. ithtL
Smith. rs chief ma1lger' m lue H 3.,
office Lothbury. said IN reply TO The
"The peonio most 1oeply interested are
those least likely % tell YOU. and snou1
be very glad To have reliable 'piuloh nn
the natter myself IN my view tho COM
tinued sale here Of American scouriter is
due nrincipallv 90 '1crolsed pros IcrftF
over tbcrc. During decreased tines they
were sold here at nominal prices. Now
that they have got money I'm the states
tbo~ have paid off their loans and are
buving hack their securities. Inc price
of wheat I regard as due largely 10 Me-
titious influences. Therefore IT ctnno, ".d
will not last. 50 that u Is nor uNCl[ To-
cause much movement on GOO vi s, ,,,o
was told this morning by The .eal on one
of the biggest American houses ln loi,-
don that they expect 90 shipment or foI1
That is better opinion t!ah my i,