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Gold Inflow to New York Predicted for 1880

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Seventh-Day Adventist Publishing Association · Battle Creek, Mich. · Thursday, January 1, 1880

FromAdvent Review and Sabbath Herald, Vol. 55, No. 1

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Gold Inflow to New York Predicted for 1880

A circular received from the banking house of Henry Clews and Co., N. Y., states that $68,580,000 in gold has been received at that port since August last. The bulk of this has come in for agricultural products, which have been sold to the old world. This, after going to the West in the circulation of trade, will return to the East. They predict, therefore, that the first quarter of 1880 will witness one of the most extraordinary plethoras of money ever witnessed in the Eastern cities of this country.