The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1893-04-22
AMAZED NEW WORKERS.
1hSy Expected 10 Feel the Earth Tres
ble--On Change.

Thy Expected to Feel the Earth rrsm-
ble--On 'Chsags
NEW York. April 2l.-The upper crust
oil the 500, ,000.o0o gold reserve has been
removed. The financial world stood by
and witnessed the doing Of Il aud, yet, to-
night In this financial ccntcr, no quakings
~ tho earth were felt and the folks who
ARE most interested are wondering why
there has been no crash Of worlds nor
wreck OF spheres. Indeed some finAuciers
are looking each into the Others faces
and calculating 40 10 wbother they have
been fanatic or uncannily supsrstitious.
Engagements for gold for export from
here of the steamers sailing tomorrow md
on Tuesday amount to t6.175yO00; from
Boston, $4,000. There was MUCH diver.
SHY OF opinion in the financial community
during the day over Secretary Carlisle's
statement. In main the judgment WAS
upfavorable. and this to no small extent,
BECAUSE Of tho statements ambiguity.
On tho stock market. accommodating
'bulr' rumors from Washington d.
verted practically all the atteu-
ton from tho secretary's circular,
but the Sterling exchange market opened
i'm utter confusion, rejecting . very un.
usual occurrence, q scare among regular
remlttcrs naainst foreign credits, the de-
mand for sterling bills this time proceed.
ing frof.a bankers who were doubtful about
gold payment for treasury notes, and
any >.sols to anticipate their payments 20
.avily as to force up Sterling rntes to the
highest figure touched since the panic Of
1884.
Over q. 100000 In gold 10 engaged for ex-
port by Tomorrow steamer with ordcra
unu sualiy widely distributed.
Ia the midst of this turmoil, foreign
le' s,lers OF money called In numerous loans
a'Ad these notes being drawn with q gold
lause, payment In specie IN at least one
cese was demanded and obtained. Not
unnaturally the call for tue money mar
ket tiehtcned under the Withdrawals and
the stock market operators lending usual
assistance. money rates were bid upon OK
change. So far as all this was tho result
of n simple fright. Il had q rcassuring side
The treas notes presented Mt the sub
treasury were promptly redeemed In gold
There was. moreover. n clear statement
I'm several quarters of tho vexed gold
clause in timc NOES. Older trust com
panies and many banks. which To some
! exteut are lenders on time. made positive
statements to-day that they were max
ing no stipulation Of gold payment
Foreign bankers, with one OF
J two trust companies, are steadil,
insisting ON the clause and are resisted
by borrowers. borrowers on call to-da,
were able to secure accommodation earl,
| in the day mt to per cent, but thos,
who delayed supplying their wants wer,
| forced to pay to II. Posted rates fo
/ sterling exchange niscd to SASSY ant
! 81 90E, and there was little disposition I,
/ draw. The situation improved late In th,
day. Money was in better supply towar.
| the close and loaned as low as per cent
This Is tho first time since the rcsump
ton Of specie payments that tho reserv'
has been cut into. counting m the sub
sidary com rs part Of the available fund
of the treasury. A difference of opinion
| exists ms 20 whether the subsidiary coil
should he thus counted. II not. then tb
reserve bss been encroached upon sevs