St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-01
FOREIGN FINANCES.
Condition Of Money at the Euro
pean Centers.

LONDON. July 31.-The stagnation in the
money market shows no signs of abating
During the week discount was quoted at 81
for three months and " for short. In spite
of exceptional demand for Russias, Bank of
England continues to gain gold on balance.
There will be further gain next week on
Australian arrivals, The failure of Dan
lei ,eas d Co., West India merchants,
was sh ann0u9 espital on of sasaFSaS w be
sides debentures amounting to 100000
and some deposits. On the stock
exchange during the week business was gen.
orally quiet. The chief feature was re-
vlVal OF speculation in the American depart
ment British funds were inactive. Indian
and colonial stocks were steady. Silver col
lapSed and is now quoted within sixteenth
OF the lowest price on record. The weakness
OF silver is greatly due to the growing belief
that the United States, instead of increasing
silver purchases. will throw over silver alto
gether:. Rupee paper declined i'll sympathy
with silver. Foreign securities were irreg-
ainty of the advent of a Gladstone govern
ment were well supported and touched 97B4,
the highest price on record. Greek bonds
1ell Z, owing to adverse rumors concerning
the current harvest Spanish bonds fell
point. Russian bonds were not generally at
iected by the alarming cholera reports, suf
ferlng only a fractional decline. Argentine
lives fell two points lower, and other South
way securities were strong. and there was a
general advance OF from lla TO 2l2. owing to
goou trafhc returns and a satisfactory out
look for the holidays.
American railway securities changed for
the better at the beginning of the week and
steadily advanced. There was an especially
strong feeling current at the end of the week,
the street prices Saturday after official hours
being about best. IL is understood that
combination has been buying Erie freely.
Large purchases of Louisville & Nashville
were also made Friday and Saturday Varia-
TONS tor the week i'll prices of American rail
way securities include the following in
creases: Northern Pacific preferred 81 AT
gage, each; Union Pacific shares,
Denver d Rio Grande preferred
Lake Shore and Wabash preferred, 1l2;
Atchison incomes, Norfolk & Western pre-
tered, and Missouri, Kansas q Texas. each:
New York. Ontario d Western, O.; Denver &
Rio Grande common. ".
Canadian Pacific was firm, but the securi-
ties of the Grand Trunk of Canada were
fiat. Second preferred lost pa, first pre-
TERED ia, and third preferred ana guaran--
teed l.. Most of foreign railways were
neglected. Mexican frsts advanced 2l2;
do. seconds 1l2, and do. ordinary, l per
noticeable changes. Among miscellaneous
securities, Salt Union rose 8 points OH an
nouncement of a 5 per cent dividend.
Guinness and Alsopp's brewery shares i'm
PAS'SU oOAlOnhlt, huuoOu LAY
dropped point.
PARIS July 31.-On the bourse during the
past week business was restricted and prices
were steady. Egyptian securities rose 2
points; otherwise changes were merely frac
tional.
BERLIN. July 31.-Cn the borrse during the
week business was dull. The quotations of
foreign and domestic railways and banks are
declining. There is a feeling spreading that
the quotations of banks are declining. Iron
and coal shares had firm tone at the end of
the week. The closing quotations
Of Saturday include: Prussian tours
S107. 10: Mexican skies. $3.50; Deutsche
bank, 162 10; Bochumers, 1877; Harpener's,
las; roubles. 20375; short exchange on Lon
don. 2O.4I; long exchange on London. 70. 5ala.
ring of sugar retners is being organized in
Cologne, and if successful, is certain to be
EXTENDED thence throughout the whole of
Germany. The organization aims to enable
refiners to buy raw sugar at their pleasure
and to rule the market for refined sugar.
FRANKFORT July 31.-On the boerse during
the week prices were maintained The final
quotations include: Hungarian gold rentes.
94.3O; Austrian gold rentes $3.50; Austrian
silver rentes, $3.50; Spanish fours, $3.50.