Show r f I v IMPORTING YLLOW METL t Large Orders Given by New York Financial Houses I I INCBEASING TH RESERVE t 2 Present locations Are That I TTill Pass the 100000000 Mark f j t When That I Done the Treasury Will 1 Again Resume the Issuance of Gold I Certificates The Quantity Now Out f 6 tail din 2 The Business World i i WASHINGTON July 28The large orders or-ders given by New York financial houses for gold abroad to be imported i regarded regard-ed at the treasury department as a favorable favora-ble symptom of returning confidence Much of the gold now coming here is the same which was exported three months I ago agoThe heavy shipment American cereals j l abroad within the last two months has i materially reduced the balance of trade I against us In such circumstances it will be natural for the United States to continue con-tinue to receive gold from abroad Gold in considerable quantities is also coming licr3 from the West Indies This Spanish gold on reaching our shores finds its way to the assay offices is melted into bars and this and the European gold soon finds lodgment in the Unite States treasury treas-ury 1 uryFrom present indications the gold in the treasury will therefore soon pass 100 000000 I is today 97560000 When the 100005000 mark is passed the treasury treas-ury will again resume the issuance of gold certificates which law had to be suspended when the treasury gold was below O 000 Gold certificates now outstanding outstand-ing aggregate 59000000 an unusually small quantity for the treasury to have The department however shows little or no interest in the amouct of gold whether i be 100000000 or 75000000 as it is the policy of Secretary Carlisle to use the gold on hand the same as he does currency in meeting the obligations of the treasury So far for several months past the gold reserve has been treated as available cash On this basis the avail able cash in the treasury today is 5122 0000000 |