The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-22
FOREIGN FINANCIAL.

NEW YORK, Jan. N.-Evenlng Posts Lon
don financial cablegram: The change in the
Bank of Engiand's rate Of discount today
had little effect on the markets. Home rails
were favorably affected by their dividends
and investment stocks were steady. Argen-
tines were better. Americans were lifeless
and dull. The West Australian loan of
H000,000 is believed to have gone badly.
There is much interest as to whether the fall
in the bank rate is gong to stimulate a
gold demand. The Bank Of England returns
today were very strong. fully justifying the
reduction in the rate. The market was how
ever, completely puzzled by some Of the items
especially by the rise Of f68 900 IN other Sc
curities.' These were generally expected to
show reduction as a result of further re-
payments by the market on bills discounted.
Apparently, therefore, the banks have been
investing considerably. The coin and bullion
were up fS17 900, all from internal crcGla-
ton, no imports or exports of gold taking
place during the week. The reserve is up
Fl, 0O0, 600. Following the reduction in the
Bank of Englands rate, other banks and dis
count houses reduced their deposit rates by
half per cent. The Paris market was irregu-
lar. Spanish securities were weak. The Ber-
lin market was steady.
BANKS ABROAD.
LONDON, Jan. 21.-The weekly statement
of the Bank of England issued today, shows
the following changes as compared with the
previous account: Total reserve, increase
Il ,08l GOO; circulation, decrease 1894 900; bull
lion increase, f807 PIG; other securities in
crease f68, 600; other deposits, decrease fl OLA
600: public deposits, increase fl, 449 900; notes
reserve, increase 1858, 600; government secur-
tiles, decrease f700, 900.
The proportion of the Bank of England's
reserve to liability which last week was $3.50
per cent, is now 5214 per cent.
Paris, Jan. M.-The weekly statement of
the Bank Of France shows the following
changes: Notes in circulation, decrease 15 425,-
OO; treasury accounts current increase
225O,0 0Of; gold in hand, increase 2,450, OO0f;
bills discounted, decrease "a 225 O00f; silver in
hand, increase 2,90O,000f.
ENGLISH BANK RATE.
LONDON, Jan. 21.-The Bank of EngIand's
rate OF discount has been reduced from to
312 per cent.
BANKING LAW VIOLATION.
LOUISVILLE, KY, Jan. 21.-National Bank
examiner James EscOtt has sworn out war
rant for the arrest of James NJ. Mcknight
president Of the German National bank, which
was closed Monday by order Of Comptroller
Eckels. The warrant charges a violation CT
the national banking law
SAVINGS BANK ASSIGNS.
DIES MONIES, To-. Jan. H.-The German
Savings bank of this city has assigned to
H. t. Blackburn. The banks capital is
$$15' 0 Geo. assets, $6l1 eco; undivided profits
ed payment after having opened this morn
ing, with only $4,000 on hand. Very little
money came in, and when William Mason
presented a check for 81 Geo. there was not
enough to pay it, so the bank closed doors
The depositors will be paid in full. but the
capital stock will be wiped out entirely, and
an assessment will be made.
BANK CLEARINGS.
st. Paul-$S04 1885, AT
Minneapolis-$92 460. So
New York-Clearances, $97, $50, 9S3; balances,
S., S37 1874.
Boston-Clearings, Is, S64, 555; balances, ST.
$50 100.
NEW YORK MONEY.
NEW YORK, Jan. 21.-NIoney on call easy
at 11aQ2 per cent; last loan, IL, co ed at 1190
2 per cent. Prime mercantile paper, 31504
per cent. Sterling exchange steady, with ac-
tual business in bankers bills at $4S4A@
4S41s for demand, and $+8415@4.85 for sixty
days. Posted rates, $4.S61 "a. 881a. CONNER
cial bills, $4.S4A. Silver certificates, 65065Hc.
Bar silver, 64%c.
CHICAGO MONEY.
CHICAGO, Jan. 21.-Money steady and I'M
changed; New York exchange, soc discount.
Foreign exchange steady; demand, $4.S7A !;
sixty days, A.S4%.
TREASURY STATEMENT.
WASHINGTON, Jan. 21.-Today's statement
of the condition Of the treasury shows
Available cash balance $22S, 479 656 gold re-
. serve S142,S11 118