The St. Louis Republic., 1901-02-11
FOREIGN FINANCE.
ENGLAND.

London. Feb. 1a.-On the whole. the business
OF the Stock Exchange last week was fairly ex-
tensiye. Prices were frrn. with substantial i'm
proyement In some cases. There appears to be
a good amount Of capital seeking investment
In Eonspecuative securities. The monetary sit
uation also continues to Improve.
The reduction In the Bank Of England rate
was intended possibly to help the new issue Of
per cent exchequer bonds. fi.cco.ooo. which will
be bid for tomorrow. but. at the same time.
the measure necessary other grounds II
did not. however. have the effect OF hardening
eonsols. which again went lower. Some classes
Americans still lead the market and continue
70 show remarkable strength. the advance for
rise rise the leading % shares wsrs Union Pacific. Wa. Va
Ta hash, Denver nT sand and Fs and Asenis0Gi sSi,s q
Berlin and London realizatiCns. the American
section closed nrm. Wabash issues b.lng from
e. a &,ehison. n topeka and santa AZ ,. W y Denver Denver
and Rio Grande p;d. y. Erie nrst u. Loulsyil..
fPs nSa.Sn RYs1 GSeS Paea fe point
Union Pacific pfd. u. CHESAPEAKE and Ohio 4.
Pacific 4. Canadian Pacific and Grand Trunk
shares were also higher.
Chinese securities. all Of which w4s higher on
s strength aan OF 4s s
cheerful. all sections Of the market. notably
south E being Eo,Us well !, supported Rands
Money was Il faif dsmsnassSoris loans sss to
Spain.
Spain for the week ended yesterday. shows:
Gold in hand an L no enanse; silver in hand, de-
Increased 7.ssa.ooo pesstasL
Germany.
Berlin. Feb. 1o.-Not for months past has the
ditions as obtained last week The upward
movement in domestic government funds gained
:: yhics Toss during the week no pts..; I'm. m
a which TS.e No. xhsS % which saa
other German funds were In strong demand.
the market :S0%ns n,.Ss. ns for rses se
ssn ssnss srfss sss In for
Tran which rose e pfss TSe mss Market
for American railway shares was firm. but more
sns % n 'Pss
frmness Of the market is variously explained
Tn the TWO sses nnGe oeeron, s chic,
Union Pacific Railroad and the steel combina-
America" it says. has gradually eeized
the leadership of the world. financial araIrs,
its chief impulse. from the business movement
Ths Beriiner Tasebiatt sees in the steel COM
bination "a sharpening OF American competition
with German industry which cannot be over
The reduction Of the Bank of England rate
otherSise had but small effect /, did not IN. IN.
nuenee the money market MAJ, materially. foreign
pfss ss..erdsy b. Is s.i ssSss &. fs sod
point London exchange shows q rising tendency.
which causes the Reichoank to postpone a re-
The empires demands for current funds cause
a heavy dscountinR OF treasury bills
The statement Of the Reiehhank for to-mor-
row will snow only slight improvemsnt. the
note reserve having gained only about a0 6oo 900
marks and loans and discounts having con-
tracted about 10 600 900 marks.
London exchange being near the gold point
tbs market fears gold export London exchanee
The demand for money remains slight the pri-
vate rate Of discount being per cent and on
The DInerd,nEen- pannenbaum Coal and Iron
Company win oner 10; o;o0.ooo francs Of per cent
being !, ssS 80 p Prus.as coal production last year
tons over the production Of 1883
The chambers Of commerce and the manufac-
have adopted resolution In favor Of high n
protection against foreign hardware. especially
American. The resolution emphasi1es the fact
that American pig iron d % per cent cheaper