St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-03
FOREIGN MARKETS.
Condition Of Finances the Other
side fhe Atlantic.

LONDON. Aug 2.-Discount during the past
week was quoted al ll2 for three monlns ana
aalf for short. There was no demand.
Money is plentiful. The stock exchange
loan rate to next account is > 1-34. Gold
continues 10 lie in active demand tor Ger
manV but the iufiuX into the Bank OF Eng
land for the week exceeds the etf1uX, whlle
there is e25O,000 due from Australia. The
England is &27 $50 000, and the reserve
amounts to &17,50O,000. There is every
prospect of easy money. On the stock
exchange during the week business was al
standstill The holiday season is III full
;WlDg but the dullneSs was exceptional even
For this period. Rumors of further financial
troubles led TO considerable selling until the
end of the week, when. nothing confirming
he rumorS the lone recovered and yesterday
ihe market closed tirmer. Throughout Inc
week British funds were steady, IN strong
contrast with the almost general depression.
This steadiness was Que 10 Il flow OF invest
nents which III times of more confidence
aave been placed III securities yielding
better return. In foreign securities Inc
feature was again reduction III SCUM
Americans ranging from TO per cent
European securities were also weak, losing y
R114 per cent. English railways fell, owing
20 bad weather ana poor trattlc. American
railroads suffered under the New YORK de-
preston. Some tendency existed mere early
N the week to take advantage OF the low val
aessbut persistent Wall street orders to sell
Kept everything down. Cable inquiries dally
showed that alarmlst rumors here were eXiiS-
Eerated in Wall street with a view 10 breaking
down prices. There were perceptible symp-
toms yesterday of recovery. some deal
lngs with official houses indicated dis
hnctly bitter feeling creating hope OF gen
eral Improvement during the coming week.
The first serious rising movement is expect
ed in the American market an impetus
which Strengthens the whole exchange.
fl,a Ami q of
ereases. including: Northern Pacific, 3S4 !;
Louisville d. Nashville, .; Norfolk d West
ern preferred ia; Union Pacific shares and
Wabash preferred, 1l2 each; Lake Shore
New York, Ontario 4, Western and Denver d
Rio Grande common, Central Pacific shares
Erie ordinary, Mexican Central and
Wabash debenture, "a each; Ohio d
Mississippi, st. Paul common, 1l2; New
York Central and Reading, l each.
Canadian railway securities were quiet
Grand Trunk firm, and third preferred
showed an advance of . Fer cent on the
week The securities of the Mexican rail-
way were sold heavily and suffered decline,
seconds falling ga, trsts 31s and ordinary
lis. The fall in trust companies securities
was especially noted, although they have
been steadily declining for some time. In
fact, the week has been an all round relapse.
London trust deferred fell points on the
week and the others an average OF . points.
Most trusts are becoming unstable. The
that in a year some of the trust securities
have fallen 60 per cent. and that the average
drop is %. Among the miscellaneous Sc
curities nitrates lost ss on the week, ashes tos
I3 while Eastmans gained a.
PARIS, Aug 2-The settlement yesterday
passed off easily. Money was abundant.
Business on the bourse during the week was
characterized by depression. The declines of
the week include: per cent rentes So cen
times; Credit Foncier, 712f, Rio Tinto, 15f;
Banque de Paris, IF.
BERLIN, Aug. 2.-On the boerse during the
week business was dull and prices weak
Some purchases yesterday, made to cover
speculative sales strengthened prices. To
ward the close Inc Deutsche bank frauds
ceased to affect general business. The final
quotations include the following: Prussian
tours, 1870; Deutsche bank, 40; Mexican
skies, $3.50; roubles, 216.20; Bochumer, lib;
Harpener, 1874; short exchange on London,
2032; long exchange on London, 20.24A
private discount 21s.
FRANKFORT, Aug. 2-On the boerse during
the week prices were weak. especially fol
foreigners. The final quotations include the
following: Italians. $3.50; Spanish. 20. CO.
Russian, 95.75; Portuguese, So; short ex
change on London, 20.32 private discount
8Ss