St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-19
FOREIGN FINANCES.
A Plethora of Money in the CasI
CenterS of EurOne.

LONDON, Sept. 1S.-Disoount was un-
changed during the past week A slight rise
had not been Il little stitfened by the weak
ness of German exchange, threatening q
withdrawal of gold to Germany. The
plethoric condition of the money mart is
Birhleck bank, amounting to 91,500,Go0 and
the uncomfortable feeling arising from the
failures OF building societies have not
affected the rate to the extent of 1-52d.
The public. however, appears to be
thoroughly alarmed in regard to other SINH
lar institutions, and many building societies
are having bad time, deposits being steadily
withdrawn. Inactivity continues on the
lower prices generally. for which the cholera
and want of business are largely responsible.
Good investment securities are still most ia
vored. and British and colonial funds are
much stronger. India sterling loans closed a.
higher. Foreign securities fuctuated during
the week closing with little alteration from
previous prices. Italian securities were one
point higher.
Mexicans were I5 lower on the ru-
NOR of the raising of new loan.
Brazilians were higher on the recovery of
exchange on Brazil. English railway securi-
ties were generally lower, but there was little
reco1dable movement American railroads
were very much depressed, owing to unfa-
vorable crop reports and anxiety as 10 the
effect which all outbreak of cholera in
America. here considered nowlse impos-
perhaps even leading to the. post
ponement of the worlds fair for
couple Of years. The troubles
of two or three brokers connected with the
American market stimulated the downward
movement, and prices declined steadily till
Wednesday, when New York purchases
caused a recovery. This. in turn. was sue
ceeded by further weakness Thursday; but
Friday there occurred a partial recovery,
which was sustained Saturday. Variations
for the week in American railway securities
include the following decreases: Northern
Paclfic preferred. 3a4;,. Lake Shore 3;
son mortgage and Wabash mortgage
Ia each. Atchison shares Denver & Rio
Grande preferred and New York. Pennsyl-
vania & Ohio first mortgage each; L. & n.
and Missouri, Kansas u Texas. "a each; Cen
trail Pacific shares and Wabash ordinary, w
each; st. Paul common. 3ls; New York Cen
trail IA; Illinois Central, 2; Pennsylvania.
"; Reading, g.. Canadian stocks partook of
the depression that prevailed in the Amer
lean department Grand Trunk first de-
clined pa for the week; do guaranteed stock.
9; do third preferred. l, and do second pre-
ferled, ".
The securities of the Mexican railway re-
manned still in bad favor and frsts declined
81 for the week, seconds la and ordinary 1.
A rgentines were in better dems nd. Buenos
Ayres and Rosario gained four points.
PARIS Sept. 1S.-On the bou Sc during the
past week business was restric ed. lnterna-
tional stocks were weak, and there were frac-
tional declines. Bank of France shares were
largely offered, and fell 90 francs. Bank Of
Paris declined 1919 francs. Railway securi-
ties were strong, and there was general
rise of from 5 to 20 francs. Suez Canal shares,
which are still adversely affected, closed 1114
lower. Rio Tintos fell francs.
BERLIN, Sept. ls.-Business on the boerse
during tn past week was fairly steady. In
ternational stocks were slightly lower. The
| final quotations include Hungarian gold
| rentes, $50; Deutsche bank. 49,. 10; Boch-
inner, al; short exchange ON London,
| 20 .36I2; long exchange on London, 20 .312s
| FRANKFORT, Sept 1S.-On the boerse dur
| ing the past week prices were firm, but little
| business was transacted. Hungarian gold
| rentes closed at so; Austrien credit at 266
and short exchange on London at 20.37.