The Saint Paul globe., 1896-12-18
FOREIGN FINANCIAL.

NEW YORK Dec. 17.-Evening Posts Lon
don financial cablegram: The early New
Iork squirt IN Americans gave the only spark
OF animation today to the otherwise dull and
depressed markets. Americans. although
goou curing the day. closed under the best
SSonsoIs ana other gilt-edged stocks were
nAl, Oh the stock exchange, in view of
further rise in the Bank Of Germanv's rate
Inc best and shrewdest quarters while ad-
mitting the possibility af such an event, see
hotnlng In the position to require in spite
OF II, GEAR money at Berlin. Careful inquiries
Iall 10 show any gold yet engaged from New
YORK for Berlin. Money here is rising The
rates half per cent thus reversing their
action of fortnight ago. The reduction
should never have been made, but the rise
IN money is now considered overdone The
Bank OF England, however is lending largely
and the amount to be repaid to the bank in
January bids fair to discount the effect of
the release of government dividends on the
nfth OF that month The sharp fall in Indian
exchange is due to the greater amount of
council drafts to be offered next week as the
result of legislation permitting the Indian
treasury to issue two crores GO, 900 00O of
rupees against rupee paper Paris and Ber-
lin markets were dull.
WALL STREET TALK.
ST. Paul earnings, second week in Decem-
per. show decrease Of only $41, ,000 Pacific
Mail earnings are not as good as expected
Samuel Benner says: l am ready to nre
diet revival III business with advancing
prices during 1897. A revision Of the tariff
m.
room for expansion Of trade and higher prices
for stock commodities; however. 1 cannot look
Forward to great activity in railroad stocks
and IN our industries.
Rio Grande & Western second vAsl, IN
december, increased $8 500. ed3 atiG
tirmness In money in both London and
berlln t ana expectation that 1t will increase
as the END OF the year approaches, gives sup
port to conclusions that some Withdrawals Of
specie mere are not unlikely and the current
Tor r1echmarks, which were 95A for demand
Idea that
Germany. Shipments to that country cannot
be made till Tuesday, and the opinion in
banking circles is that if shipments occur
important.
The The shaking III up which the market has re-
ce1ved In the last two weeks has dislodged
a big quantity Of stocks held on margins.
BANKS ABROAD.
LONDON, Dec 1.-THE weekly statement
OF the Bank of England shows the following
changes: Total reserve, decrease, f617. 900:
circulation. Increase 152,OOO; bullion, de-
crease f464. .921; other securities, increase
1889, 000 other deposits decrease f25S. 900:
public deposits increase. f228, 900: notes re-
serve, decrease, 1854, 900; government securi-
proportion of the Bank of England's reserve
to liability, which last week was 54O9 per
cent, is now 52S7 per cent.
Paris, Dec. 1.-THE weekly statement of
changes; Notes in circulation, decrease,
10000 francs; gold in hand, decrease 500, 900
francs; silver in hand, increase, $50, coo
francs.
BREWING COMPANY RECEIVERS.
NEW YORK, Dec. 17.-Receivers were ap-
pointed for the Bavarian Star Brewing com
pany, of this city, today. Counsel for the
ship and explained that the assets were ample
Upon the real estate owned by the company
there is first mortgage of $5O0,0OO which
is under foreclosure, and about to be Sold
and a second mortgage of 100000, on which
the interest is past due. and there is a third
mortgage of 100000 There are $4,000 debts
paid coupons due on the third mortgage.
GOLD FROM AUSTRALIA.
SAN FRANCISCO, Dec. 1.-THE steamer
Mariposa, from Australia, which arrived this
morning, brought $50, 600 sovereigns. equal to
about 81, 4O,OO0. The coin was shipped by
of Australia to the Anglo-California bank
and London, Paris and American bank Of
this city.
LUMBER FAILURES.
NEW YORK, Dec. ia special from
Montreal to the Evening Post says two heavy
failures in the lumber trade are reported.
the first being Patrick Donnelly with liza
bilities Of about 100000, and the other Joseph
Robert, with liabilities of $3.50, 000 The as
sets In each case. are mills, machinery and
lumber.
BANK cLEAR1NGs.
81. Paul, S92S,J36b2
Minneapolis, $1,879 80. As; week, s1O.O76 ,S57.
New York - Clearings, $119, .248; bal
ances, $6386.774.
Boston = Clearings. s16.1S5.sss; balances.
s., ,276, 644.
TREASURY STATEMENT.
WASHINGTON, Dec. 17.-Today's state
ment Of the condition of the treasury shows:
Available cash balance, $221, ,655, ,155; gold re-
serve. $143, ,967, 1874.
CHICAGO MONEY.
CHICAGO, Dec. 17.-Money steady; un-
changed. New York exchange 30c premium.
Foreign exchange frm demand, $4.S71z;
sixty days, $4.841s.
GROCERS FAIL.
WILMINGTON, Del, Dec. 17.-Quirnley &
Mullen, wholesale grocers, failed today. Judg-
ments were entered to the amount of S71 900.