St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-15
FOREIGN FINANCES.
Condition Of Money at the Cen.
tiers of Europe.

LONDON. Aug. 14-Discount was a shade
hrmer the past week at 1 for three months
and " for short. Autumnal bills are absorb
ing some money and stronger demand for
gold for the continent has also relieved the
plethora. Still the demand from every
source has been insufficient to do more than
stiffen rates. The continuous fall in silver
causes uneaslnesS in financial circles, be-
sides this fall endangering business relations
with the East the loss through investments
IN silver countries is becoming serious. The
drop in rupee value not only presses hard OH
the India government, but on the people of
India also, whose taxation must be raised to
meet the deficit.
On the stock exchange business remained
very quiet throughout the week. The settle
ment, concluded on Friday, disclosed a
notable limitation of dealings. All the week
the depression in silver aggravated the gen.
eral stagnation. Among the silver securities
rupee paper dropped 2ss and other Indian
government loans 11s. The position caused
an increase OF investments in British funds,
resulting in a fractional rise. There was
little doing III foreign securities. Argentines
were rather better. gaining "a: Russian
gained Is; Mexican lost Ia and Uruguay
1l2. Eastern railway securities were quiet.
American railroads were dull and irregu-
lar with general tendency downward Good
harvest reports and favorable traffic returns
failed to counteract the influence of the sill
yer depression. Stock offered here continues
to be steadily absorbed for America. The
weeks variations in prices included the fol-
lowing decreases:
Northern Pacific, 9; Atchison, Topeka &
Santa Fe and Wabash preferred, ia each;
Denver preferred, Louisville & Nashville and
Wabash debenture. 1l2 each; Atkinson IN
come bonds, Erie ordinary and Norfolk pre-
ferred. each; New York. Ontario & Western
and New York. Pennsylvania u Ohio, "a
each; Central Pacific, Denver ordinary, Lake
Shore, Michigan Central Missouri, Kan
sas Texas and Union Pacific. w
each. Canadian securities were weak;
M
dropped 142, and Grand Trunk guaranteed a.
There was some buying of Mexican railway
on the official announcement of the forma-
ton of pooling arrangement but the fall
in silver modified the tendency to advance :;
yesterdays close left q weeks rise Of AZ in
firsts; 2a4 in seconds and Us in ordinary
Among miscellaneous securities Allsopps and
Guinness dropped 1 each and Eastman's lis.
PARIS, Aug. 1.-THE past week was a quiet
one on the bourse. Prices were gerer-
ally firm. The price of rentes ad-
vanced 30 centes for the week. and Credit Fon.
cier shares IS francs. Rio Tintos declined 54
francs for the week and Panamas 5S4 francs
the scheme tor relaunching the canal enter
prise hanging fire. Egyptian securities were
weak owing to predictions by the press that
the Gladstone government will raise the
question of the evacuation of Egypt
BERLIN. Aug. 14-On the boerse the past
week prices were firm. Business was fairly
active, and bank shares aud Russian Sc
curietles were in demand. The progress
maze IN tne negotiations Tor commercial
treaty between Germany and Russia, coupled
with rumors that the Reichsb ank will again
be permitted to make advances on Russian
securities. enhanced values. The closing quo
tations of Saturday include: Prussian tours
1925; Deutsche bank. l65; Me xican skies
$3.50; roubles, 20s45; Bochumers, hi; Har-
peners. ISL; short exchange on London.
20.41I2; long exchange on London, 2O.35I2;
private discount. 1l2. A combination known
as the bremen Trading company has been
started. Its organizers propose to import
Russian petroleum and to compete with the
Standard Oil company.
FRANKFORT, Aug. 14.-Prices were steady
on the boerse the past week, but business of
yesterday included: Hungarian gold rentes
$3.50; Italian fives. 9l.S0: Portuguese bonds,
31.10: Russian fives, $500; Spanish fours
6330; Austrian silver rentes 7l90; short
exchange on London, 20.42; private dis