| OCR Text |
Show im.eki imvi.u, in rirn. Hlnhy Cilwi lu hi riport for the weik ending May 10, 1691. lay that tho large export of jocto are holding In check operation lu the HtocU Muliet. Primarily, ho thluki, tho vait gold ixport have ariien from tlie urgencii-a of llii-lim finance. Tliu Ctar h for lumo tlmu eought tl f feet a large loan, flnt to roldo tor tho payment of maturing loam, noxt to comtruct ixlemUo lima of railroad, and alio U rnablo him to con tract ImmeiiM military worka In nonanco of Otrmatiy and Auitrln Tho ltotliii.hU.il at lint uodirtook thu nrgotlAtlou of thu Imii, but liter on withdrew from It. There were two riawn, rciwtted for thU withdrawal, ouo waa Ruiila'a lernocutlon of th Jew-., and the other that the money v. ai to la uied tar war purioee against the triple alliance. Iu revenge, It l itatrd, that lluidt l tailing In tho um of JlM,0M,00ti held by Itlutho Unk of Hurojie. Thi, tauM a druln of gold from Witoru ani Central Kuropo luto Iluula. Thi dlij lav. mentlinow Ulng rup'llud from thu United Btato nud fivm other couu-tilt. couu-tilt. The antu In l.likon, the un-loslncia un-loslncia nt iladtll, nullhuaUrm lu I'arb, during the jrut week, are llhif tratlotu of tho way lu which theno cauio aro ncllug uinii l'.uioieanbank. Ing Intcrnti. The altiiatton I itlll iliromlol lnuiictrUlnl, an I according accord-ing to Mr. Clow, the well known banker, at long a It remain o, we .miiutandixpoiedtothe conllnuano 1 of tho demand on New York for gold. Hpeaklng directly on thecauaeaof the gold outflow Mr. Clewa uyr "ItlanotoMy to dotcrmlno what may be the present ability of uropo to draw upon thi county. The recent Urgo export, ex-port, of gold have tieen do not only to oor heavy maturing ot ligation en ao-count ao-count of poclal importlon mail In an Urination of the operation of lb new larln diitle, but ! to th remittance of foreign tanking balance renting here fat employment. How far th latter reiourre Klmt rtuh remittance may have ticca already dlmlnlibed, It I ImpoMlblelo entloiate but even ha 1 It been cahaiilUid twblch I not'iiippuublo), there would till remain way in which tturopeeoull get gold from n, throuxh borrowing here, were the prewiur urgent enough to Juv-tlfy Juv-tlfy the coat of such operation At tho moment, however, th ym torn Indlcato that Ituiula ha, proUt ly mtlinal at leiul ber ImmeJIato tiulrotnonU ttt goll, and th tooe at th foreign financial ren tree ahow a more ottlod feellngt eo that tho hop I peritili-lble that w may have now acin the wont of the International financial crlila," Ho lajr that neither th gold already exported nor any furlher amount that may follow, can b fraught with any mora rerlou Inconvenience than a temporary itrlngency In the local mouer market. Hovlewlng the financial fin-ancial altuatlon In the United Hlalc ho further aayi. "It doo not eom to be unicintly ap prerlatoit that, within recent )eara, a very Important change Ium occurrcl la thedlatrllmtlon of gold, eo far a reipcct, tho Untied Mate, lietwoin the year lSfl an 11877 Inclusive, wamado a net export of laU,0OO,0OO of goliIwbl.it during the l-rIHl I6TS to 18J0, wo mado a net Imj-urt of IIH) ),OQ0, there bating tn unly thro year within the loit thirteen during dur-ing which tho export of that metal bed cxrnodod the Import, 1th uch a large and progre-ilto ao-umuijtlon of thla nirtal, It auroly cannot ba tucti an alarm lngclrcumitanco that we hatexportnl aiun 83 million lnoe thelioglnulngof April, and cipeclally when Ibcfo I auch a rloar protpect that the next harvot will put ua o Urgely In a creditor relatl u to 1 drop a to bring back to u, eLu-gopor-tion of tho colli remittance we are now making. PurlngllieweekcudlngNatur-dy PurlngllieweekcudlngNatur-dy wo ahlj pedorer f 3,000,000 gold, making mak-ing a total of over 111,000,000 atuco January Janu-ary let," .S'otwllhitandlng tho otlmltlo vlow of the tltuatlon taken by Mr. Clowe, yet ho Kern, somewhat My-'..-fled, for he euggeat to his frlcnai to adortacomcrvatlvocoure In repect to all tlock 0cratlous. Iu fact, ha counicl them to xtpona buying until tho proepect In I-urope become clean r. |
