Show SOURCES OF THE GOLD SUPPLY OF THE UNITED STATES special to standard 1 new york june 5 whenever the condition of the foreign exchange mar ket seems to indicate an early export U of gold to europe or elsewhere abroad on the stock market almost A a of monetary derangement as the result of such export notwithstanding the fact that the money market may at the time f be so abundantly supplied as to make it improbable that even large exports of gold will bo likely to have any unfavorable influence upon the loan rates on such occasional occa siona the bank conditions at this centre AS disclosed by the cealy statements are closely cru 1 and should these bank returns fail fo shiow as regards plus ri erve they are unfavorably regarded with almost immediately depressing effects upon the stock speculation and the development of pessimistic views which are i fleeced fleeted eted in every speculative 1 and monetary centre in the country and often ito the serious injury of im interest for example the export of gold to paris and buenos ayris in the cek ending slay 18 caused more or less apprehension of un favorable monetary conditions though in that week the rates for money not only at call but on time ruled at tho lowest of tho yar and the icv clation in the bank at tle end of that week of t cani ively figlia decrease in aurilas re serre resulted in quite general depression in stock values at this centre and inan upward reaction in loain rates elsewhere throughout the country that there is no good for tho entertainment of pessimistic views because c the export of gold at any time except when conditions anro decidedly is not the case nar annu unlikely to ie in the at least seems to bo ua shown by tho fact t t tic influx of gold at thiis centre from adnois tic alte as by ay bince chacks issued the nev york office arnst aun st gold hul 1 oli da n aeh more than tia ambut of gold withdraw w i fati IB batik fr croil to foreign moreover in addition to tac receipts mm thaw arc b n leans ahmoi ants ir i r alie aggregate 0 god g od bullion aal afif cl coin from central and uth american latefa la teft entered at alie new york custom bouse there arac during the also receipts of jold klondike and from australia wh ich gold is deposited it wasl and transferred through aaby domce checks made payable at the suh in tah city i a constant stream of gold ff into ahia centre from domestic ain d and sin inte flow from british columbia abid from australia a much greater aum than that chieh is exported to europe or abroad under normal conditions of international trade IMPORTS LAIt dELY EXCEEDING EXPORTS alie detailed statement of the bureau of statistic abow that in the nine months ot fiacan year ending march 31 the of gald into the united states were or nearly per month of this amount conaw ted of gold bullion and ore the contributing to this aggregate bercs columbia representing gold mexico australia central america and south america in the last fiscal year tho imports of gold bullion and coin were ia and in the previous fiscal year they were with the exception of the year ending june 30 1900 when the exports of gold coin and bullion exceeded alie imports by the imports have been in excess of the exports by various amounts from in the year 1001 2 to in 1807 8 for the ten months peri oIs 1001 inclusive the import of gold coin and bullion have exceeded alis exports ahli excess in 1001 being in 1902 and in the current year the above statistics cover ha import at the principal customs nitric ta throughout the country from alaska to the mexican border and from maine to san cal but the gold coin or entered at the remote customs districts is naturally largely attracted to this centre through transfer and it eventually reaches our banks in one form or another |