St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-21
FOREIGN MARKETS.
Trend of the ROlIrses During the
Week.

LONDON, Oct. 2G.-Discount was quiet dur
ing the past week at 3l2@2l2 Business on
the stock exchange was dull The enormous
settlement just concluded left dealers listless
toward fresh business, and realiZations by
weak operators added to the depression. En-
glish railway securities alone were vigorous,
the revival in the iron trade and increasing
traffic lmparting an impetus TO buying.
American rail ways were weak and irregular.
Much interest was shown in the Atchison &
Topeka reorganization scheme, which meets
with decided opposition here, where
many OF the bonds are held. The chief OBJ
jeclion is the absence of an assessment on
ordinary shares. which is attributed to the
fact that The bulk of the share capital is held
in the United States. A strong committee
has been formed to secure equitable treat
ment for the bondholders. The weeks vari-
atiOns in the prices of American railroad
securities include the following decreases:
Northern Pacific. 3 per cent: Erie preferred,
!; Central Pacific, Ohio & Mississippi, Union
Pacific and New York, Pennsylvania Ohio,
= each; Denver preferred, Louisville &
Sault Sic. Marie and Wabash preference
and general mortgage bonds, l2 each.
Louisville firsts advanced l, and
Mexican Central firsts l2. Canadian securi-
ties were weak; Grand Trunk second prefer
ence relapsed Ia; Grand Trunk thirds Ia;
Grand Trunk firsts /, and Grand Trunk ordi-
nary l2. Brewery securities were quiet; ALI
sop ordinary dropped 2, while Bristol ad-
Vanced = aud Guinness l. Nitrate shares
were dull Primitayas dropped 2l2 and Colo
RADIO /. \ new Argentine Ala per cent loan
of &S, 100000 has been arranged with syn
dictate including the Barings. the Deutsche
bank, the Disconto-Gesellschaft and the OPP
penhems. The Issue price is so. The Chi
cago Granaries company is announced, with
astrOng London board; also the Metropoli-
tan Trading association.
PARIS, Oct. 20.-Dealings on the bOurse
were restricted during the week past Prices,
however, we're firm. Three per cent rentes
show q rise for the week of zoe, while Credit
FOncier shares have risen l1f: Rio TintOs
l2f, and the New Compton d'EscOmpte
shares. The shareholders of the New Comp
toir q Escompte have held meeting. at
which it was decided to increase the capital
OF the institution TO $4,000. 600 francs, the
same amount as the capital of the old Comp.
tor d Escompte.
The Chinese government is negotiating for
q loan of 100000 sterling, for the con-
struction of railways. However. it is doubt
full whether the negotiations will succeed.
the line concessions being in the hands of
German contractors.
A company has been formed to lay cable
from Marseilles to Buenos Ayres. II has
capital of co OOO 900 sterling with interest
guaranteed by the Argentine government.
BERLIN, Oct. 2o.-A good amount of busl-
ness was transacted on the bourse during the
last week, and prices showed all upward
tendency. Yesterdays closing quotations III.
clude: Prussian consols. l06.70; Deutsche
bank, 1870; Hungarian gold rente, $500;
Mexican IS. sc. 30; short exchange on Lon
don. 2039l2; long exchange on London,
2O.22I2; private discount, 4Ss: FOubles, 2ll.
An English company which put on a
scheme to construct port at Nordenham for
a steamship line to New York, has aban-
doned the project. In connection with the
affair lawsuit has arisen with a banking
firm of Bremen, the firm having refused to
refund certain subscription deposits claimed
by the company.
FRANKFoRr, Oct 2O.-On the Boerse trade
was fairly active during the week past at en-
HANGED prices. The closing quotations in.
clude: Italian S. 3.75; Russian As, 81. 10;
Spanish As, 75.40: Australian Credit, 261;