St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-22
FOREIGN FINANCES.
on Less Abundant Supplies
of Money.
The Dominant Influence ut Lon
don Is the Continued Depres-
sion in Silver.

LONDON, Aug. 21.-During the past
week discount slightly hardend to
for three months and = for short.
Bills were not plentiful; but supplies
of money were less abundant, owing to
9Sl3,000 being paid ON treasury bills,
and to demand tor gold for Australia.
Discount houses in many cases asked
Is for three-months paper, while six
months paper was not taken below 21s.
The depression in silver continues to
be the dominant influence on the stock
exchange. Rumor deals freely with
the financial positions or some Eastern
banks and important private firms.
Eastern bills are in disfavor; but be-
You'd the generally accepted fact that
these banks and firms are pinched by
the currency disorders, nothing is
known justifying reports of insolvency.
Yesterdays recover of sd in silver
gave Il slight impetus to business. inn
parting Il more hopeful feeling. Large
shipments OF silver went East veSter-
day. The market here is not overloaded
with the metal, and but for the weak
ness of Indian exchange, the price
would further improve. Silver stock
closed stronger.
Rupee paper advanced 4 for the
week and India sterling loans 81. I'm
der numerous investments British funds
advanced 3. The favOrite stocks for
the week were those of British railways,
Increased traffic earnings causing de-
| nlaid. BrlghtonS rose l and the others
from 4 To q. American railway Sc
curlties early in the week showed some
strength, bat later generally relapsed
! slightly, chiefly owing to the serious as
| poet Of the strike troubles. Variations
| for the week in prices of American Sc
| curtieS include the following:
Decreases. Erie ordinary. l; Lake
Shore, New Yors. PENNSYLVANIA & Ohio
first mortgage and Northern Pacific, y
each: Central Pacific shares, L. Il n,
| Missouri. Kansas d Texas, Norfolk u
Western ordinary. o. ~ NJ. ordinary
and Wabash drbentures. 4 each. In
| creaScS. Atchis0n incomes. 81; Atchison
| and ID. Il X. a.. 81 each; Denver IL Rio
Grande common, Union Pacific shares
and Wabash preferred, II each.
Canadian railway securities were
quiet. Grand Trunk first and second
preferred both advanced = for the
clined 1 i for the week. The securities
of tic Mexican railway were bought to
some extent, and Trsts advanced 30
for the week; seconds 24 and Or
binary l.
Eastern bank shares were very weak.
Chartered mercantile of India was done
yesterday at 80, about one-SiXth of the
price quoted before the silver crisis be-
came severe. Among the mining shares
Rio Tinto5 fell g for the week.
PARIS. Aug. 21.-PriceS were firm on
the bourSe the past week. Firmness
was especially the case with home
FUNDS, owing to rumors of a creation of
a 2l15 per cent rente. Three per cent
week and Credit Foncier shares IA
francs. Spanish bonds advanced - per
cent owing to the reported cOnSum-
nation of arrangements for new loan.
Panama canal shares advanced 2$[
francs, and the promoters of the new
scheme are still trying to initiate the
shares; but both dealers and The public
treat the project with contempt. Rio
Tintos declined AZ francs for the week.
BERLIN, Aug. 21.-On the bourse dur
ing the past week prices were steady,
with good tendency. Russian Securi-
ties continued to be bought. The clos
ing quotations of Saturday include:
Prussian is. 107. 10; Mexican 6s. So. so;
Deutsche bank, 1850; Bochumer. 142;
Harpener, 154: Roubles, 2Os7O: short
exchange OH London, 20.41k, long ex-
change on London, 20.35; private dis
count, IL.
FRANKFORT, Aug. 21.-Dealings were
limited on the bOerse the past week.
Final quotations yesterday include
Hungarian gold rente, $40; Italian
IS, $3.50: Portuguese bonds, 81; Russian
As, $3.50: Spanish as. $40; Austrian
silver rente, -; short exchange on
London, 20.41; private discount. rs.