New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-10-20
S25,O0O,O0O MORE
GOLD ARRIVES
Largest Deposit Of Specie
Ever Made at Assay
Office.
300,000,000 SINCE
FIRST OF THE YEAR
Australasia Also Sending Metal
Italian Loan Soon To
Be Offered.

What is expected TO develop into a
new gold import movement Of increas-
ing proportions to supplement the $780,
100000 Anglo-French loan in payment
Of war munitions and other supplies
purchased by J. p. Morgan & Co, as
commercial agents for France and Great
Britain, was begun yesterday when 49,
JO0.0 900 in English sOvereigns arrived at
the Assay Office.
This shipment, packed in 1000 boxes.
Ike others which have gone before, was
brought over in British warship 70
Halifax, from thence sent TO Ottawa,
where Il remained for a time and then
was transshipped to this city in the
care Of the American Express Com
pany. which brought IT downtown yes
terday in twenty-five trucks.
II was also understood that a large
batch of securities accompanied the
gold shipment. although official infor-
nation on this score WAS withheld at
the Morgan Offices. At the Assay OF
fee il was announced that yesterday s
consignment was the largest single de-
post ever made theirs. The total gold
which has been sent here by the Hall
fax route now amounts 10 about $780,
100000, while the total gold imports
from all sources since the first OF the
year exceed S3O0,000,000. OF this sum
the Morgan firm has received from OF
tawa and from London direct total
of s19S,00 600 since May %.
Reports that second consignment OF
s25,0OO,000 gold will be shipped from
Ottawa TO New York tomorrow could
not be confirmed. although 1t was be-
lieved in foreign exchange circles that
this might easily happen in view Of the
large amounts that the Bank Of Eng
land has recently released, ostensibly
for America.
Yesterdays consignment will be melt
ed at the Assay Office and will prob
ably be sent 20 the Philadelphia mint
later for coinage. j. T Morgan & Co.
will be paid by check approximately 80
per cent Of the total value Of the ship
ment when il is counted. and the bal
ance when the gold has been assayed.
The gold import movement has broad
ened out lately so that the metal is
now flowing into the country from all
sides, but chiefly from Great Britain.
There has been a steady stream OF the
yellow metal arriving at San Francisco
from Australasia, which movement, il
is understood. will continue periodically
until February. Other institutions be-
sides Morgan & Co. have received con-
siderable amounts from London. the
Guaranty Trust Company being promi-
nent among these. This institution de-
posted s3.OO0.000 at the Assay Office
Yesterday. The National Bank Of Cuba
received sl,2OO,OO0 gold coin from Ha-
vana.
1t was announced that the s25,000,0OO
G per cent loan 70 Italy will soon be
offered publicly at par. The Issue IS
convertible into one-year 6 per cent
bond. which is again convertible into a
ten-year 512 per cent bond OF the ltal-
ian government. The prospectus pre-
pared by the underwriters states that
exports TO Italy for the year ended
June 30. 1915. amounted to SlS4, $4,000,
with S74,295,0l2 the previous
year, Of which $3.50 900 was for wheat
and SAITH 900 for cotton.