St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-09-14
FOREIGN FINANCES.
Condition of the Money Markets
Across the Atlantic.

LONDON. Sept. 13.-The ABUNDANCE of
money here was increased yesterday by the
payment of 81 100000 OH treasury bills which
also added to the ease OF discount the rates
closing at ia for three months and " for
short. A hardening of rates is expected to
set III as soon as the German demand for
gold has revived on the weaker rates here
and the considerable amounts of bullion
going from the continent to the United States
to pay for the influx of American grain.
The buying of American railway securities is
also turning the trade balance. On the stock
exchange the past week business continued
large and the tone in most of the depart
ments was strong. The settlement COM
menclng covers period of unwonted activ-
ity, both in speculative and investment
transactions. Plentiful money and The read
mess of bankers to assist arrangements
promise an early settlement. Interest CEN
tered III Americans the prices of which ad-
vanced some. Dealings at the end were
marked by irregularity. Operators were dis
posed TO close accounts on the approach of
settlement and seized every chance for New
York orders to buy, and New York, finding
the London exchanges free sellers, stopped
buying and subsequently offered stock,
which led to slight reaction. The cur
rent Of business yesterday showed theLondon
exchange level to be slightly above Wall
street. The weeks variations in prices in
clude the following: IncreaseS-Atantic
| firsts. 3H; New York, Pennsylvania u Ohio,
| 2l2; Lake Shore and Wabash debentures, 2;
| Northern Pacific, ia; Wabash preferred,
| New York, Ontario & Western, Norfolk &
| Western preferred, Ohio d Mississippi and
| Union Pacific. l per cent each. Decreases
| Denver preferred, IA; Denver ordinary, I2;
| Canadian securities were IL fair demand;
| Grand Trunk second preferred rose 5; Grand
| Trunk firsts and thirds, 4; Grand Trunk
| ordinary, 4. MeXicans were quiet; firsts
gained a.: while ordinary dropped ~
| Foreign securities fuctuated; Argentines
were in better favor. ana rose on the week
| "; CHILEAN rose PA; Uruguay lost 1S4. in
| miscellaneous securities Guinness dropped
| Band Bells Asbestos 4, while Primitiva nj
| trates advanced 5s. Cable stock was in re-
! quest, Commercial advancing L2 and Anglo
| American "a. A New South Wales loan is
| announced of &450,O00 at 4l2 per cent the
| issue price being %. The success of the loa
| is doubtful.
| week business was good and prices firm. The
| weeks increase include 3 per cent rentes g.:
| Credit Foncier, II franks; Bank of France
| zoe: Panama Canal 50C-francs share is now
| nominal at 20 francs. The bankers negotiat-
| ing the new Russian loan hesitate to con-
Guide arrangements doubling the assistance
OF the Haute banque. which is holding alOOf.
BERLIN, Sept. 1a-Business on the boerse
was dull early in The week, but afterward Ie-
| vived yesterday. Speculative sales of coal
| iron and railway stocks frightened the mar
| ket. and if the political nervousness were re-
| tons include Prussian, Is 1920; Deutsche
bank, 1880: Mexican, 6s $3.50; Bochumer,
! lis; Harpener, 1S6: roubles. 1880: short eX-
change on London. 20.33; long exceange Oh
London. 20.24A private discount, 3l4.
FRANKFORT. sept Bon the boerse dur
ing the week business was quiet and prices
firm. Final quotations included: Italian,
$3.50; Portuguese. $3.50; Russian. 1920; Span
| lSh, 71.3): short exchange on London, 20 81
private discount. Up.