OCR Text |
Show nil kit HWMUI. I11M1.H. IlKNitk Cinta lu hi lluanclal review re-view for thu week ending May 2(1, 1991, uya that till) ment of gold havo declined from the receding we. k from T,0i,0(tol,rWiW0. Thl hu uin-aider uin-aider an ludlcalloii that the gold in ivemcnt I llkoly ti cumt to a cloai. lit aiya that the lmioit of raw m;r ttnit March HI, txcte-l llne uf tht aamepiiI'Ml la.1 yearly loO.oia) tuna. Thlalucrea.0 waa uccatloned ly the reMl of Iho dJly un that Article. However, It will take $7,.VM,iXWli) y for It, which turn wilt alto go out In (fold. Within llin post two month, we havo K'lit cloto Unn $oUOui),000 of gold to l.urop. anl, although tho bank return do not ahow iiactly where It all ret!", yet audi a large acftaetouto cuh reaerve cannot fall tottrengtlieii coufl leiico In the forilgn money markiUand produce an eiin-alon eiin-alon of lulling ability. Our earlier fhll ment went principally lo llu.ila; but, within thn latt two weeke, tho Hank of l.nglaud hu lucri roied It gol I by t;,Mi),u) aul thu Ilauk of I roncu I y fJ.OOO.OXW U.IJt ,:,1 Vl.OOO In tllter It I eeiltd that ltuaila will toon dlahurtu her accumulated gold lu Hit payment 1 1 lmrlal loan now maturing; and there la a atrong motive for her taking that ecu no a a mean of jrumotlng the confidence that I needful for thu accoruj llahnuiit of tho Ciar't contracted loan Willi the llothachllltyudlcnte. The Jlti km aay: "t'nder the ilrcumataiieea, II be-ciiiii be-ciiiii not o inueh a queatiuii whether I uro will want mora of our gall, but ratliar may It not tin I It ntcetury to en courage the rvllua of ourtiioney In order to find uit for II. Huch a tltiialloii a thl uggeaU a prolHllllty Hut 1,UMwn banker, may direct their agent I. re tu lm 1 more or 1h freely In Iraneo of tht uUeltd return of gul I lu payment for ntircrop. It ttmiia reaaonabte, Ihfrt-foie, Ihfrt-foie, to eipmt au early turn of tht for elgn txclunge lu our favor. In tht meantime, the rl of txctingt at all Interior jwlnu are at to hull a irvmlum on hew orka.loaugjiMt tht continuance continu-ance of fret receipt i,f citrreiioy hy our Unk ltlatruathat the receipt hate twetihetvydurlnf lato week, the tutal iietcuahrvinlltaneaaarrlvlngln Vew aoik fromtlitlnttrloraliieeHitiiildlltofAirll hat lug amounl tt aliout 10,Ooo,ouoj whldi, conirtrt with tin redui ofie cent year, might em lo auggeat noiuo prohil llily lint ih o rccelpu may n leellue. Hat It I not toU oreilo.ik.il thatdarlngU.t fll,lho Trea.ur,Iolout aome l;ii,uu,(i00 hi caah, which wa dralnlorrintatht Interior u f.t uit caino out, bwVIm which the treaaury ha alnco that Hum la.iitd nea rly V),uuj,oog ofuewtllrer iioum, Hllll, eouaervatlvo operator will wUely takt lulu aiwiuut Hiattho linn market ha lietn drained to a olnt ol Mitaltlvt n m anl Ihutany-tiling Ihutany-tiling abort of tha linranlbila ctantlon of gold eipoil might produot aatrlngeney liimineyuaUiulaUilIu pruolltato ail. ollnollinieurllleaiaii, fir that rearnn, I eouim 1 the io.tKmemonl uf purehue until Hi drill of Hit mon'y mark, lean bomortclMrlyjulged than atprc.uil." The bank In their dealing with tho HubTreatury and the Interior gtlued during lh week tJ.Cju.inX) Tho ttattintut laauod on (lit SOtli, In. atealofHiturdny, ahow an Incrratt lu the aiirihi reteiiue of IMn.ftm, ihclug that Item .',O00,lJ) higher thaultwainyiar no. |