The sun., 1902-11-16
CROSS TRANSFERS OF GOLD.
FROM FRISCO HETHER AND HENCE
TO FRISCO ny WIRE.
Don't Understand II at the Sub-Treasury
--Provident Seekers for Time None,
Run the Rate p-Dtscussing How
Long Gold Exports win Bc Delayed

A curiosity of finance is presented AT
this time by cross movements Of money
between this city and san Francisco.
A few days ago United States Treasurer
Roberts authorized New York financial
interests 10 transfer by telegraph to San
Francisco. through the local Sub-Treasury
an amount up TO s? 10000. and on Thurs
day $3.50 OO was thus transferred
Yesterday the local Sub-Treasury paid
to the local agents of the Bank Of British
North America. by telegraphic transfer
from San Francisco. 500 COO and it was
reported that 'rivat" shipment from
San Francisco )1p.OW was received
last week by u .. financial interest.
Thus money !. moving both To and from
San Francisco AZ ~" same time. a thing
which the Sub-Treasury officers said yes
terday was inexplicable to them.
The movement of money from this city
t. San Francisco has been attributed to
the fact that money rates there have
reached ~ per cent and that the financial
interests there wanted 10 withdraw funds
that they loaned al this centre in the recent
stringent money period. because their own
reserves We re down and demands were
made upon them for money TO move the
crops on the Pacific Coast. An early crop
movement is desired owing TO th" heavy
export demand that exists because of the
drought in Aus ralia.
A repre1.ntatiy" Of tho Bank Of British
North America said yesterday that while
all this might be 50, his institution wanted
its money here, where II could use il To
even better advantage than AT San Fran
cisco. II did no, want to loa:l it in san
Francisco Tn. SlOO, 600 represented Yukon
gold II had been ,hearer To arrange
-. ;, ,,.,, a, ,Ih ,a,i,iu,,
!or nr iai ns "'s'aI n, n'l'os',''s ,'it
~ Wv "n ,, - 90 eTr,, ''r,,
49, ,L,, -, ,ran,,r =, ~, w.. =,
TL ' 81 Traaa,,r,, ~ t .t va, s,o, ,,- uo.-
,,riny ~ r.yr,.n, =, ,,,,' tV,, III,
,,o%' ~ 70 ~, -, va ,"I.u''', ,i nav,
ga 81, oo agaips, az sia sos ;n ne w., ~
,'ra,;'r >'' ~ wy
fn,ara., ,..s ,al,.,. ,.,.,a, j., ,h,, aa-
,an1,,, 10, ,'I ~ ~ w" "i
,nnnar az III yi Ia, q un 'uas III I'M I'M
m;".iop os o.. bioh ao ',,. "a,' ,',, -
,inn,an ndaJ nn W p' T,' Th W a,
- -. v, ~ n -. 10y 'oaltH' ."un i "'
,,nr,.d - yoa,Sriar ~. I'm IN, s'a, ~ va va ,ba
XIX a. iov q, i,a, 'u;0 ~ i'a,', ~ uh
,n I'm, dnrr A. 70 ,,,,;i T. ", vi,
ioans 80 oa ~ - - ' 81, ~ ,t "a, Ia ua.
that Is tho nerinJ d,,r;rs % ~ wb;cb nr,ns~a'
'ia' H. NV peIIou u,iring "hl'n Pt"pdrd-
lions must iF made Tor IN" January inter-
est and dividend dshu rSements. These
disbursements will be very heavy, and the
lanks. in view of the fact thai their ga .h
re.aryes bavs b,.,, ,raa,Iv ro,i,c.d mr.,
,.SI We nav u'ii Si""t'y I'Iu'cu, "i'
uHuers'ood 10 want 10 proNiie agan>t
further losses To the b-Treasury, as well
a. losses of ca sh through other SOURCES
Should a ret, Urn flow of money from the
;n,arior nr ,b., conr,rv go, w. in voiun',,
t eLioI vi IN. coun'Iy S'I II, !" No"I,'f
pdhheIs eApec' easier money rates. ~ any
RATE, whem some oi u" wal N'rt~t Drokef-
on Friday got an hiking Of the decision of
the banks. they hustled around 10 secure all
rho ayailahla time money ,hev couId y.,
- -. -. -. =
anI la,er, whe, ti" sH'd'ioh 'Tcat" gen
orally known, IN" tline rate ran up 10 very
Etin premium
Call money al the same ,imc was nm