St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-17
FOREIGN MARKETS.

LONDON, Aug. 16.-During the past week
business in the money market was in state
OF stagnation. The discount rates were 1I2
for three months, and "a for short, with moth
ing doing. Germany has been an active
buyer OF gold, but not enough to altar the po-
sition. The enormous total of bankers bal
ances weighs down the marketand continues
to prolong period of unhealthy ease.
The financial situation in New York is
closely ana anXiously scanned. Great ex-
ports of cereals are coming to Europe. while
on the other hand the operation of the new
American tariff is beginning to palpably
| affect exports TO the United States. The
British public has almost entirely ceased buy
ing American securities. and keeps on the
watch to realize Immediately when Wall
street puts up prices. In the stock exchange
ming of the week by unfavorab lie reports
| from Berlin, where the fall in rouble notes
and Russian securities generally caused weak
ness. Late this week another element of
uneaainess was the suspension of an i'm
Portant firm at Trieste. direct loss will
accrue to the firm. and the incident has been
a reminder of uncertainty. Dealings the
past week had the character of those of the
previous week. High class investments
continue to be in favor British funds
fiat in sympathy with silver. In
| foreign securities Argentine national adj
| vanced 1l2 after the receipt of kilograms an
nouncing that the Argentine senate has voted
i
| moratorium. In English railways values
| tended downward the discouTaging nature
| of the board of trade returns, combined with
| bad traffic, caused an average fall OF 3l2 In
| American railroads interest largely centered
| in Union Pacifics. The manifested rumors
| about the financial position of the company
| caused continuous fluctuations. The worst
| price reached was 334. Yesterday closing
price was 364. Yesterdays dealings, taken
| altogether, showed an immense revival OF
| English buying of American railroad Sc
curities. Whether it is a mere spasm of
! activity remains to be seen. Considerable
| business suggests that permanent higher
| level of values is about to he established.
| Variations in the week for American secur-
! tiles inclnde: Increase, Northern Pacific.
| PIG; Erie Mortgage bonds, ,; Lake Shore,
| ls4; Central Pacific shares and Mexican
| Central. l each: New York, Pennsylvania d
! Ohio lists, u; Erie, IS; st. Paul common,
15s; Reading, IS. Decreases: Union Pa
| citic, 3; Louisville & Nashville, y: Denver d
Rio Grande preferred, 112; Norfolk Il West
| ern preferred and Ohio d Mississippi Ordl-
| nary, "a each; Illinois Central y Among
| the Canadian securities Grand Trunk was
| depressed; Grand Trunk guaranteed stock
| declined ia on the week; Grand
Trunk 2ds preferred, per cent nfou. on
per cent; do first and second preferred, p
each. The securities of the Mexican rail
| roads were heavy: trsts declined liz on the
week. Among the miscellaneous securities
Bell s ASBESTOS. 1uQSOn bays ana primitive
,nitrates all advanced ~ while Eastman
| dropped "a.
PARIS, Aug 16-The Paris and Vienna
bourses were closed yesterday. which was a
Catholic holiday. Fridays closing prices
| showed decreases for the week as follows
| Rentes 10 centimes; Bank of France shares.
| 10 francs; Credit Foncier shares, III francs;
| Panamas, PIP francs.
BERLIN, Aug. lion the boerse the past
week prices were fiat under the influence of
! the continued rise i'll corn, and partly owing
/ to the belief that the government means TO
! make reduction of the tariff. The final
! quotations include: Prussian IS, 104S0;
| Deutsche bank, 1910; Mexican 6S, $3.50;
Roubles, 2l2 10 Bocnum, 110; Aarpener, 1888;
! short exchange on London. 2j31; long ex-
| change on London, 2l25; private discount,
| 3I2.
FRANKFORT, Aug. 16.-Business was stag
| nant on the boerse the past week, and espe-
cially so yesterday, when, owing to its being
| the feast of the assumption. no orders we're
received from the bourses. The final quota
| tons include the following: Italian, 1913 I;
! Portuguese, 50; Spanish $50.