Show WEEKLY FINANCIAL REVIEW HENRY CLEWS in his report for the week ending nov 21 1891 says that the stock market relapsed into its old stagnancy notwithstanding the gain in bank reverses the strong statement of the bank of ingland england and an increase of aj per cent in the gross october earnings of railroads this seems inconsistent with the hopes entertained that activity would result from large crops and general prosperity but it appears that business is not as lively as one would imagine the current bank clearings at seven of the princa pal pad cities of the U nion show a decrease decres siB of over 10 per cent as compared with a year ago this condition can be explained explain e ad by studying the situation in europe tle te financial centres bentres of that continent have been seriously affected by many influences for some time and which seem now to be a culmination speculation and inflated capitalization have been doing their deadly work there as well as here there Is also a sharp competition between european states for foreign commerce further the baring suspension and south american affairs generally have started an industrial and commercial reaction throughout europe which Js is attended with declining prices and with the obstructions to credit that always attend such a state of things added to all this thip there is a condition of international ro relations lations which threatens to precipitate the great conflict between the eastern and western powers the crop failures of france and russia increase the danger germany is preparing for serious action in the spring paris and berlin have been selling largely of russian issues of late of these it is estin estimated fated that france holds and germany 1 spain is almost bankrupt yet while confessing its inability to pay a temporary loan from the childs of it to is asking a further loan of is said holds of spanish securities italy to in in a bad financial way at vienna the state of finances is one of high tension portugal to is still struggling want of confidence still prevails there this is the situation in europe and of necessity it affects the amerian Amer ioan markets |