The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-04-22

Washington,
NEw YoRE, April 2L-The upper
crust of tho hundrod million gold re-
servo has been removed tho financial
world has stood by aud witnessed the
doing Of II, and yet, tonight, in this
financial center, no quaklngs Of the
earth arc felt and folks who aro most
interested are wondering why there has
been no crash OF worlds nor wreck OF
spheres. Indeed, some Guanciors are
looking each into the others facs and
calculating al to whether they have
bean fanatic or uucanniIy superstitious.
Tho engagements OF gold for export
on tho steamers sailing tomorrow and
on Tuesday snow total Of 80, l750OO
Thon camo Boston vita word tha.
Kidder, Peabody q Company had en-
gagged thorO for direct shipment 70 Bar
Ing Bros., In London, 800 900 moro Of
gold.
There Is the physical situation. So
much dumb, butyoI richly clinky metal,
about to bo transferred in wooden
buckets from hero to there, and yet the
deductions from fact arc az many and ~
wise as the people who became excited
over it to-day aud who dtscuss II more
calmly tonight.
There was much diversity OF opinion
In the financial community during the
day over Secretary Carlisle's statement,
In tho main, the judgment was untavor-
able. On the stock market the aCCumu-
lattng "bull rumOr" from Washington
diverted practically all attention from
the gecretary's circulars, but tho ster-
ling exchange market opened in utter
confusion, rotlocting that very unusual
occurrence, scare, among the regular
remittors against foreign credits, the
demand for sterling bills proceeding
from bankers doubtful about the gold
payment for treasury notes, and anxi.
nty 10 anticipate their payments was 80
. heavy rs TO force up sterling rates to
the highest figure touched since the
panic Of 1884. OYor six millions in gold
was thus engaged for export by to-mor-
rows steamer, with the orders unusu.
ally widely distributed.
PLENTY OF MONEY.
In tho face OF the exceptional demand
for bills orc or more conservative for
eign banks drew exchange in large
amounts, selling at the m arkot and an-
nouncing their intention not to cover
their bills by gold shipment. Borrow.
ers on call to-day woro able to secure
accommodations carly in the day Ut 8
to u per cent, but those who delayed
supplying thoir wants were forced to
pay 10 to IL per cent The situation
improved late in the day. The sterling
exchange market oased up. Money
was in bettor supply near the close ahd
lent ns low as 4 per cent,
As the day advanced tho belief OBJ
tanned that inasmuch as the heavy
Withdrawals OF gold from the treasury
would finally enCroach upon the hum
dsed million reserve, thoro would be
less apprehension in regard to future
movements Of the yellow metal, The
sentiment is best indicated by the sharp
recovery in values which followed nd.
vices from Washington, which, how.
ever, wero subsequently denied, that
Secretary Carlisle had issued an order
to the New York Office to continue pay
mont Of gold tor treasury notes indeh'
nitoly.
No word was received nt tho sub
treasury hero to-day from Secretary
Carlisle relative to the gold situation,
ActugSub. Treasurer Muhlemnn mott.
fed tho secretary OF the treasury OF
every application for gold as soon MS
made but receiving no answer In any
case hc proceeded to pay out tho gold.
About Twenty-Five per cent was paid
out upon trcRsury notes.
According to Mr., Muhlomnn's figures
tho not loss OF gold to the treasury to-
day was Si,GOOOO), OF which all but
$4,000 was for export,
riasr fBE SINCE REDEMPTION
sOerotary Carlisle this morning csti.
mated that he had SOs1OOO FREQ gold in
tho treasury II ho has received mono
to-day from sources outside Of Now
York tho troasury free gold is all COMO
nndtho hundrCdmtIlIon reserve reduced
TO S0G,2Sj,00O
This Ia tho ilrst time since tho ro.
sumption OF specie payment that the
hundtcd million reserve has boOu cut
in,o, counting In the subsidiary coin as
part OF the available iHHdf OF The
treasury, Difference OF opinion exists
as 90 whether the subsidiary coin
should be thus counted II not then
the reserve has bcOn pncruUChcl upon
apVpn timps urpyinus to NOW us iDllOWgl