Daily inter mountain., 1900-08-02
G0LDIN NETWORK
ALASKA PRODUCT MAKES MONEY
MARKET EASY,
MORE THAN TWENTY MILLIONS
Handled Mostly by Canadian Firms
More Gold in Treasury Than
Ever Before.

New York Aug 2-Says the Herald:
Wall street borrowers are now enjoying
an easy money market and it is believed
they are likely to ENJOY it for some time
IL the importation of gold from the Alas
kan fields is any criterion. The banks
Which bring this gold to the metropolis
report an extraordinary good output and
this evidence is amply supported else
where.
The fact that the pick axe and cradles
of klondike miners have recently been
adding in general fashion to the worlds S
store of gold has only been developing
recent weeks. Such sources of the prec-
i1lts metal as British Columbia send
thsir gold through to bts destinations at
all seasons of the year, and the Bank of
Montreal has already imported into this
city about half million of British CO.
lumba 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
wait for transportation until the thaw
arrives Navigation then becomes prac-
Ffcatle and the output of the mines starts
ON IT'S way.
Movement of the gold from the Yukon
and klondike fields really gets well un-
der way in June. Last year the product
of Alaskan gold amounted to about S20.-
O0O.OOO. This wear it will amount to at
least S24,000,000 according to the best es-
'timates.
The two institutions which import this
gold into New York city are both
Canadian-The Bank of British North
America and the Canadian Bank of Com
msrce. Between them they have already
brought, or now have on the way Ito this
city, nearly sS,000,000 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
of British North America. "The Alaskan
output will be that of an extra good year
and should cause continuance of none
tary ease here. We have imported $2.500.-
600 of Alaskan gold in the last few weeks
and have $500 600 more on the way now"
Alexander Laird. New York agent of
the Canadian Bank of Commerce. said
that about two-thirds of the Alaskan
output of s2400o0oo gold should be ex-
stitution and the Bank of British North
America. We have already imported
S3.500,000 of the Alaskan gold in the last
week or so." he said, 'and have another
million ON the way, making 600 in
all. We buy our gold at Dawson City.
assay it there and have it brought to
Seattle for official assay. A large part
of the Alaskan gold which does not come
to this city is taken by the North Ameri- }
can Transportation company, represented
by the firm of P. 3. Weare & Co.. Chi
cago. and the Alaskan Transportation
company.
The amount of gross gold in the treas
ury at washington reached s431 ITO, 764
yeserday, the highest amount in the his
tory of the government.
At the sub-treasury in this city the first
payments on account of Pacific Coast
gold deposits to be transferred to New
York. by checks drawn on the superin-
tender,t of the Mint at San Francisco
We're made Yesterday. They We're in two
items, aggregating S249000 This helped
to increase the sub-treasury's debit ball
snce at the clearing house, which
amounted to $1,5S426O The western de-
pestts of bullion are expecte to increase
11ssteT ally she serves of local banks.
The Kaiser Friedrich sailing for Ham,
burg. will take out 6S 900 ounces of silver,
shipped by tine United Metals Selling CO.