| Show MARKETS FIRM ABROAD I IAm American Am Financial Deals irit in iii Europe pe peI I RAILROADS ADVANCING ADV AN CIN C GEItMAN PAPERS COMMENT ON NEW COMBINE 4 London Londen Feb Feh 1 Ou the wU wl lethe the business ot of the stock st exchange last week WM wu fairly extensive exten Prica wore were firm Arm with substantial improvement r In some orne cases CU The Tte monetary si l iP continued 1 to improve The reduction reductio in hi the Bank Of England Englana rate was intended possibly to help the new issue of 1 a per cent bonds of which will wUI be bid for tomorrow but at the time the measure was vas necessary on other oter grounds Americana Amerl sun atul lead the market and continue to remarkable strength the advance for fOl the week ranging from 2 to 8 S points In this rise the thel leading ding l shares were Union Pacific Wa Ya Wabash bash Denver Rio Grande and Santa SantaFe SantaFe SantaFe Fe Yesterday in spite of Berlin and London realizations realisations the American sec see section section tion closed firm Wabash being from 2 24 to 5 B poInts higher Denver Rio Grande Orande 2 i Santa Sunta nta Fe 2 Denver Rio Grande rf J lh 4 Union Pacific fell 1 point Union Pacific preferred 4 Northern Pacific M 4 Money W In fair demand Short loans 1 a to tj 1 I three months bills 4 Berlin free Ib 10 Foreign 1 buying was wa the feature of the week the market showing a 8 growing interest for foreign rentes rette particularly Argentines Argentin The market for tor American railway shares was WaB firm but more quiet The general firmness of the tho market marketis is variously explained The sees the chief cause in the two great financial operations involving the Union Pacific railroad and the steel st el combinations America It says has gradually gre seized the leadership of the worlds financial affairs and Eu En Europe Europe rope has grown accustomed to receiving receiving ing lag its chief impulses from the busi business business ness fleas movement beyond the Atlantic The Berliner sees in the theste theste ste sted 1 I combination a sharpening of ot American competition with German in industry industry which cannot be overestimated The Th London exchange being so near the gold point the market fears gold exports The chamber ot or commerce and the manufacturers societies of Rhine coun countries countries countries tries have adopted a resolution in favor favorI of better protection against foreign hardware hard especially American The resolution emphasises the fact that American pig is 69 50 per cent cheaper than German |
