St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-10-24
FOREIGN FINANCES.
Condition OF Money on tlne
SOUrseS of EuPODe.

LONDON, Oct. 23.-Yesterday's discount
| quotations were: Three months. 24 short, l..
The fact that Ell, 250. 900 was Withdrawn from
| the Bank of England for the week ended
the rate was unavoidable. Many consider
| that per cent will not suffice to check the
| outflow. and it is anticipated that a further
advance to per cent will shortly be made
Russia, it is reported, will require another
| million sterling and Egypt 100000. 1t is re-
garded as unlikely that Russia and Austria
will press their demands if such pressure in
wolves heavy advance in rates. as both are
| interested in lowering the value of money,
seeing that both want TO float loans before
1 the Bank of England rate is again raised. 1t
| is expected that the Bank of England will
borrow on stock in order to relieve the open
| market of excessive supplies
The plethora III the money markets is shown
| by the fact that the applications for the new
Gillian loan are so large that the deposit
| money has reached fiSO0 900 the total
amount of the loan; yet, the transfer of such
q large amount has not had the slightest
effect on day loans, which will remain un-
changed till the Bank of England rate is
again advanced.
On the stock exchange during the week
past business was dull. There was a steady
stream of realization throughout, the reac-
ton being fastened by the advance of
money. British and Indian funds fell while
in colonials there was little change. Foreign
government bonds were weak. especially
South Americans, which lost the greater part
OF their recent advance. Argentine loan of
1886 fell ia, Argentine funding loan I3s and
loan of 1889 declined PIG. Uruguay fell l.
and Mexican loan of 1888 fell 1l2. While
the new. CHILEAN loan was quoted at
premium, the loan of 1886 closed
ways was restricted and there was
downward tendency, the average fall be-
ing l point. American railway securities
were quiet, but with good undertone a
hOnptul hQInor q For or he ft1tt, ba
relapse in Southern stocks was due to the
fear of strike III Lancashire, which would
act as check on the movement of cotton
Large purchases at the end of the week
caused an advance in Wabash preferences of
Il2 and in Wabash mortgage bonds of 1I2
The decrease for the week Included: North
ern Pacific preferred, q OHIO d. Mississippi
ordinary and Louisville & Nashville, l each ;
Atchlson mortgage, New York, Pennsylvania
d Ohio first mortgage. Norfolk d Western
preferred and Union Pacific shares, "a each :;
Lake Shore d Missouri, Kansas & Texas, p
each.
fractional improvement. Argentine rail
ways relapsed. Buenos Ayres & Rosario
and Duenos Ayres & Great Southern fall
Ing points. and Central Argentine points
Peninsuar and Oriental shares fell 1I5, oW-
ing to the loss of the steamship Bokhara
PARIS, Oct. 23.-Business Oh the bourse
during the week past was dull. Information
al stocks were lower. Spanish bonds closed
lower. In railways there was general fall
OF from 10 TO 24f. Rio T:ntos closed 2I2f
lower
VIENNA, Oct. 23.-Business on the bourse
during the past week was inactive. The
final quotations include: Hungarian gold
rentes, 81 90: Austrian credit 262; private
discount, 29s; snort exchange on London,
2O37.
BERLIN, Oct. pa feeling of depression
prevailed on the boerse buring last week and
international stocks declined. Mining shares
dropped owing to an unsatisfactory outlook,
but afterwards advanced on more favorable
reports. Roubles dropped ll2 on Paris sell
ing Yesterdays closing quotations included
Prussan tours, 1069O; Russian fours 97.1O:
Austrian credit, 165. 10; Dcutsche bank. 159 50;
Bochumers, 1876; Harpeners. 1876; private dis.
count, 23s; short exchange on London, 20.377
long exchange, 2o.62L2. According to the st.
Petersburg Bourse Gazette the Russian gov
eminent has on deposit el0,000,o00 in Lon
don, 94,0oO000 in Germany and $4,000, 600
in Paris. The Gazette adds that Russia is
not in urgent need of loan.