The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-08-02
EASY MONEY MARKET.
KIondiks viii Furnish $24, coo, 600
OF Gold This Year.

New York. Aug 2-Says the Herald:
Wall street borrowers are now enjoy
ing an easy money market. and it -
believed that they are likely to enjoy
il for some time, If the Importation Of
gold from Alaskan fields is any criterion
The banks which bring this gold to the
metropolis report an extraordinary good
output, and this evidence is amply sup
ported elsewhere
The fact that the piekaxeS and cradles
of kIondike miners have recently been
adding in generous fashion to the
worlds store or gold has only been de-
veloping in recent weeks Such sources
Of the precious metal as British Column
hIa send their gold through TO its des-
tinarion at all seasons OF the year, and
the Bank of Montreal has already I'M
ported into this country about half a
million Of British Columbia gold this
year. But the gold that comes from the
frozen north. where SHOWS block the
roads and ice locks the rivers through
the winter months, must walt for trans
portatiOn until the thaW arrives Navt-
cation then becomes practicable and
the output OF the mines starts on its
way
Movement of the gold from the Yu-
kon and kIOndike fields really gets well
under way in June Last year the pro-
duct Of Alaskan gold amounted TO about
SO, geo, Geo. This year ii Will amount to
at least sz4, 000. 00e. according To the best
estimates.
The two institutions which import this
gold in New York City are both Canad-
ian-the Bank of British America and
the Canadian Bank or Commerce Be
tween them they have already brought
out, or now have on the way 10 this
city nearly IS. eco, 600 OF this virgin gold,
and are likely to more than double the
figure before the year Is out
We shall certainly bring on more
Alaskan gold this year than last" said
W. Dawson, New York agent Of the
Bank or British America The Alas
kan output viii be that OF an extra good
a
OF monetary ease here We have I'M
ported 81. 700. coo Of Alaskan gold in the
last few weeks and have 100000 more
On the way now.
Alexander Laird. New York agent or
the Canadian Bank of Commerce. said
that about twO-rhfrds Of the Alaskan
expected TO reach this city through his
institution and the Bank of British
America I'VE have already imported
S., 500, geo of the Alaskan gold in the
another million on the way, making 81
500. COO in all We buy our gold at Daw-
son City assay it there and have it
brought TO Seattle Wash. for official
assay A large part of the Alaskan gold
which does not come 10 this city is
taken by the North American Trauspor-
taiton company represented by the firm
of p B. Wears & Co, Chicago, and the
Alaskan Transportation company.
The amount Of gross gold in the
treasury at Washington reached $431r
L4uf fpA yesterday, the Highest AL4olAl
in the history OF the government
Al the Sub-rreaSury in this city the
first payments on account of Pacific
coast gold deposits TO be transferred to
New York. by checks drawn on the
superintendent of the mint at San
Francisco, were made yesterday They
were in two items, aggregattng S249, Geo.
This helped to increase the sub-treas-
Ury's debit balance at the clearing
house, which amounted to 81. 534, $50 The
western deposits OF bullion are expected
to increase materially the reserves OF
local banks.