St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-31
FOREIGN FINANCES.
Condition of Money the Other
Side OF the Atlantic.

LONDON, Aug 30-Discount rates stiffened
during the past week under the continued
Withdrawals of gold from Germany and the
decline in New York exchange; the quota
tons were . per cent for three months and
JIG for short. An impression prevails that
the period Of cheap money is passing away.
The feature on the stock exchange was the
buoyancy of American railroads, and, as it
generally now happens, the activity in the
American department enlivened the other
departments and changed the whole tone of
business, Yesterday the demand for Amer
lean railroads set in sharply Immediately
continued TO be made on home ac-
count until the official close. After
the New York quotations were received
a further all-TOund rise occurred. The street
presented an animated scene, something
most unusual for a Saturday. being thronged
by an excited crowd until after o'clock.
Apart from investments on the part of the
public, operators relying upon the perma-
hence of this boom, readily bought all kinds
of securities though the principal demand
was for Louisville IL Nashville, Eries Mil
waukee, Union Pacifcs, Atchison and Read
ings.
The days advances ranged from "a to 2I5.
The week increase include: Wabash deben-
lures 7S4; Ohio IL Mississippi, g.; Lake Shore.
Louisville 4 Nashville and UniOu Pacific,
4I2; Atehison Topeka IL Santa Fe, IA
Northern Pacific preferred, 3l2: Norfolk q
Western preferred, 81 New York, Pennsyl-
Vdilld q OllO, o1Z' DCiN CT o. it4O OlaIuO plS-
ferred, 2l2; Central Pacific and New
York Ontario d Western, 2: Mexican
Central, Il2. Canadians shared in
the activity, Grand Trunk second preference
rising s. do first preference IA, do guaran-
teed 3l2, and do third preference 2l2. The
securities of the Mexican railway were neg
lected seconds declining 2lI on the week,
and ordinary lis. In the foreign market the
feature of the week was the announcement
of a scheme for the conversion of the Uru-
guavan loans into a new debt bearing 3l2 per
cent interest, guaranteed by the hypotheca-
ton of A. per cent of Uruguay,s customs
dues Uruguayan shares lost point as the
effect of the proposal After news of the
defeat of Balmaceda was received Gillian
Antafagasta and Antura pa, owing TO the
expectation of a speedy end of the war.
Among the miscellaneous securities, Anglo
American cables gained 1l2 on the week and
primitive Nltrates So; White Bells asbestos
shares declined 75 and Eastern u.
BERLIN, Aug. 30.-Buslness of the bourse
was fairly active last week. Yesterday there
was considerable buying of railway shares,
rouDles and foreign securities. The closing
ouOtations included: Prussians As, 1850;
Deutscne bank, 142: Bochumer, 10; Harpener.
$50: Mexican Us. Sc 20; Roubles. 207: short eX
change on London. 20.3214 long do, 20.23A;
private discount, rs. The semi-annual re-
port of the Deutsehe bank, showing profits OF
& 500 600 marks made good impression.
FRANKFORT. Aug. 30.-The past week was
one of Illumination on the bourse. Prices
closed weak Yesterday The final quotations
Included: Italians $3.50: Portuguese bonds,
sc: Russians, 90; Spanish, 70.S2; short ex-
change on London, 20.3l; private discount
2A
st. Joseph's Academy reopens Sept.7.
seNI