Show I ON EUROPES RIALTOS Advance in American Kaiiroads i Panama Canal Stock Takes a Tumble LONDON August 2JThe stock market throughout the week was animated and there was a generally steady improvement Operators for a rise appear confident that there will be a continuation of the upward tendency The general public also shows an increased inclination to buy An advance I in American railroads has made further decided i de-cided progress and there has been extensive I I speculation for the rise chiefly in Vanderbilt Vander-bilt lines and Erie issues which were active j and firm especially second mortgageswhich are held almost entirely England Grand J Trunks which wore heavy at the opening of i 1 I the week sharply recovered towards the I close on reports that the 1l1tA nrmnfromoTif I with the Canadian Pacific is of advantage to the Grand Trunk line BERLIN August 23 Business on the bourse has been quiet but the loan market was firm A majority of International stocks displayan upward tendency throughout the week andjresterday there was a rise of U to K percent Traffi reports of the German and AustroHungarian railways show flisi tinct improvement over previous years Ai a meeting of sugar manufacturers at Magdeburg a ring was formed to prevent further fall in the price of sugar The manu facturers subscribed fund of 1000000 marks for combined operations against a decline FBANKFOBT August 23The tone of the bourse during the past week was firm Transactions were limited and the weeks changes were unimproved PARIS August 23The bourse was activa during the first part of the week in sympa thy with the activity of the stock exchange but the movement did not continue and business relapsed to its previous dullness only to end with the holiday season Panamas Pana-mas further receded An article by Leroy Beaulien in the Economiste Francais exposing the financial situation of the canal company increased tho impulse downward The Belgian government offers to renew the Latin Convention under the obligation that Belgium should not demonetize the silver sil-ver fivefranc piece for a term of years after the dissolution of the Union France however how-ever refuses to agree thereto The governments govern-ments continue to negotiate for a compromise compro-mise being unwilling to disrupt the Umon The estimate for the wheat crop is one hundred million hectolitres the yield of an ordinary year and leaves nothing for export ex-port France will be required to import 15000000 hectolitres Advices from Italy estimate the wheat I veal crop at only 82 per cent of tho average |