Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-08-15
N UMBER 2I3
EUROPEAN NOTES.

ENGLISH FINANCES.
LONDON, Aug. 14.-The bullion in the bank
of England increased Ell, 900 the past week.
Proportion of reserve to liability 56& per cent.
The Bank of England increased the rate of in.
terest and discount from to per cent. The
Times. in its financial article, says it is not pos
sible to say decidedly what caused the slightly
increased firmaess of the money market on
Tuesday. Il is ascribed in some quarters to
apprehension that lar ,e quantities of gold may
be Withdrawn from the Bank of England for
New York, bat it would take most noticeable
demand to deplete both our shares and those
of the Bank Of France; still the effect of such
withdrawal would be much more marked now
enjoy very little credit. The banks will not
lend freely, and very slight extra demand
Immediately reacts on the market in an exag.
gerated fashion. Everything is stagnant to all
appearance and may remain so for weeks to
come. The price of silver is nominal. It is
believed business could be easily effected on
Austrian account at SLID. per ounce. but
should any Indian demand arise tbs price
would probably 60 still higher, and, according
to the last quotations of India consols, SD. per
ounce would more nearly represent the value Of
bar silver.
CETEwAYO.
LONDON, Aug. IA dispatch from South
Africa, dated Port Durnford, July 22nd, says:
King Cetewayo made another effort to-day to
ascertain whether his liberty would be granted
him if he submitted. He said he had been
completely deserted by his warriors.
PANAMA CANAL SCHEME.
LIVERPOOL, Aug. 14.-Of eight hundred
thousand shares of the Panama canal scheme
put on the market, says the Courier, about TO-
600 have been applied for, and these chiefly
through the syndicate supporting the scheme.
Dispute this undoubted failure, it is known in
financial circles, that DeLesseps,. backed by
members of the French syndicate, is determin-.
ed to perservere with the project.
PARIS, Aug. 4.-The Bourse newspapers
says DeLesscps has received a proposal from re-
spectacle American quarters Offering to take
up the shares of the Panama canal enterprise
proceeding.
ROME, Aug. l4.-The health and strength of
the pore have visibly declined. His physicians
insist on the necessity of an immediate change
of air, but the pope refuses at present to
change his residence.
ANOTHER REDUCTION.
LONDON, Aug. 14.-The two principal cotton
manufacturing firms of the Dale district, Glas-
gov, have given notice Of another five per cent.
reduction. making twenty per cent. reduction
| since the beginning of the depression. These
are the only mills running on full time. It is
feared the rest of the mills, running only four
days in tho week, will follow in reducing
operatives to the lowest condition.
REVIVAL IN THE IRON TRADE.
In consequence of the active American de-
mand, very large iron making districts in the
king dom is showing unmistakable symptoms
of revival.
COMMITTED TO NEwGATE.
The house Of commons committed Chas. E.
Grissell to Newgate prison until tho proroga-
ton of parliament for eyading the warrant of
the speaker for his arrest. He will be liable
to arrest at the next session on the original
charge.
INCENDIARY FIRES IN SPAIN.
MADRID, Aug. 14-Several fires, some IL
cendiary, are reported in the provinces. In
one case thirty houses were destroyed, and
thirty. four persons persisted.
INDEMNITY AND PUNISHMENT.
The Spanish minister of foreign affairs has
requested an explanation from the Mexican
government respecting the recent assassination
of Spanish subjects in Mexico. It ia stated
Spain intends to demand payment of indemnity
to the families of deceased and punishment of
the assaSsins.
IRISH UNIVERSITY.
LONDON, Aug. 13.-The house of lords adopt
ed the commons amendments to the Irish III j.
versity bill, making provisions for fcilowships,
scholarships and other ordinary endowments
similar to those of the London university. The
house of commons has finally passed the bill
enabling banks Of unlimited liabilities to le-
come banks of limited liability, and authoriz-
ing such banks to increase the nominal value
Of their shares.
EMIGRATION OF MINERS.
A conference Of delegates representing 2O0,-
600 miners was held in Manchester yesterday.
Mr.. Macdonald, president of the conference,
pointed out that there Wa some opening for
miners in the United States, as during the re-
cent depression in the mining industry in
Pennsylvania and elsewhere number of men
sought other employment resolution was
unanimously passed in favor of emigration to
the United States.
GEN. Won MANTEUFFEL.
The 1smes Berlin dispatch reports that Gen.
Won Mantcuffel will be appointed commander
in-chlef of all the troops in Alsacc-L Lorraine.
1t is contrary to custom and military tradition
for the marshal to be appointed chief of an
army corps.
STANLEY, THE EXPLORER.
Henry NJ. Stanley arrived at Sierra Laone on
Conges.
MINISTER WELSH.
Minister Welsh has gone to Osborne, prob
ably to present to the queen his letter of ie-
call.
NEW AUSTRIAN CABINET.
VIENNA, Aug. 14.-The following is the new
Austrian ministry formed by Count Taste:
Count Taafe, president of council and minister
of the interior; DR.. Won Stremayr, minister of
justice and of public worship; Baron Horst,
minister Of national defense; Herr Falken-
hayn. minister of agriculture; Weiderheim,
minister of commerce; Herr Chestek, min
lister of finance; Herr Ziemialmawsky and
Herr Prazak, ministers without portfolios.
sERv1AN BOUNDARY.
CoNsTANT1NoPLE, Aug. 14.-The porte having
made concessions, the Servian boundary ques-
tion has been settled. Advices from Jenerra
state that slight encounters have already taken
place near the Greek frontier. The tone of
the newspapers in Athens is becoming warlike
ACCEPTED ON CONDITION.
BRUssELs. Aug. 1.-THE Independence Beige
announces that the Emperor Frances Joseph
has accepted Andrassy's resignation upon coz
ditiOn that he remain in Office pending the
| nomination Of q successor.
BREAK WITH THE LEaITMIsTs.
PARIS, Aug. l4.-Rouher's organ, L'Ordrs
has completely broken with the leeitimists. It
says it is time to return to an alliance with the
| democracy.
THE sERAJEvO FIRE.
SERAJEvo, Aug. 14.-One thousand, four
hundred and scventy-six houses were burned in
the recent-fre. The losses will reach 50, COO 600
forms. Forty-six soldiers were killed and
wounded.
! THE ONLY SAVIOR.