St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-08
FOREIGN MARKETS.
Condition of Trade Among
.sERete NEOnarchieS...


LONDON, Sept. Touring the week
there was fair demand for discount at
21a to 8. A good business was done on
the stock exchange. In silver securities
there was sharp fall. The reaction,
however, though coming sooner than
expected, has not affected the generally
healthy feeling or abated confidence in
a permanent revival of business. Rupee
paper was less dealt in. India AS
closed yesterday at 9O4, making a rise
for the week of 81. American railway
securities were depressed, with tend
ency toward lower prices. This was
entirely due to persistent "bear" at
tacks in New York. The current of
investment here steadily continues,
though speculative buying has been
checked through Wall street operations.
Prices closed yesterday the worst
creases were: Ohio q Mississippi pre-
ferred, 4; do ordinary, ~; Lake Shore
q Michigan Southern, Denver & Rio
Grand first consolidated mortgages,
Mexican national bonds, Norfolk gold,
Louisville d Nashville sterling bonds,
each l; Central Pacific. 615;. and Den
yer & Rio Grande common,14 each. The
decreases were as follows: Wabash. St.
Louis q Pacific preferred, each; do
ordinary, 21a; Louisville & Nashville,
"; Norfolk d Western ordinary and
Mexican frsts. each; New York. Penn
Sylvania & Ohio firSts mortgages, "a:
Denver & Rio Grande preferences,
Mexican Central and New York, On
tario q Western, q each. Canadian
railway securities were fiat. Grand
Trunk preferences fell l; Grand Trunk
frstS and thirds, q each; Grand Trunk
guaranteed stock rose a. Brewerles
were in increased demand. Allsopps
advanced 8: Guinness, 8; New Yorks,
u; Frank Jones dropped 1. Argentine
railway securities were strong and
showed all average rise of u per cent.
Mexican railway was depressed; sec
onds lost 2. Copper was in demand:
Rio Tintos went up ~ and Elmore l.
Silver mines are attracting attention:
ElkhOrns 1902 better. The Mexican 6
per cent loan issued yesterday was
quoted at l premium. The projected
Portuguese loan has fizzled. Advices
from Lisbon are that the government is
so embarrassed that it is unable to pay
the Lisbon contractors 100000 due at
the end of June. The Journal Oseculo
asks whether the government intends
to suspend payment.
PARIS, Sept. 7.-On.the bourse the
week past prices were firm. General
tendency was upwards. The feature
OF the week was the continued rise in
rentes. The top quotation yesterday
for per cent rentes was Sc, and thew
show rise for the week of IF. Al
though at the beginning of the year
they stood at S7115. it is thought that if
affairs remain quiet they will soon
reach par. French cable Shares show
an advance for the week of 4Of. Rio
Tintos an advance of 29f, and Credit
Foncier an advance of IF.
BERLIN. Sept. THE tone of the
boerse the past week was fair, and
there was a general moderate advance
in prices. Yesterdays closing quota
tons include Prussian consols, LOG. so {;
Mexican 6s, 81; Deutsche bank, 17O.1O;
Laura mine, 1853; Handels Gesellschaft,
1862; short exchange on London,
20.S714; long exchange on London, 20.22;
private discount, 8. Roubles closed
yesterday at 255. 40, against 247 last Sat
urday. The rise tends to nullify the
effect of the cars ukase increasing
custom duties 20 per cent. Spectators
of influence report that the Russian
government intends to re-establsh the
hard-cash payment system, and that
it holds enough metal to do
SO. M. Vishnegradsky. the Rus
sian minister of finance, has
ordered an increased output from the
silver mines of the empire. The SWe-
dish government, which coins a large
amount of silver, invites tenders for the
supply of 5000 kilo Of fine silver in,bars
in three parcels of 1000 kilos each, to be
delivered at the end of September, Oc-
tOber and November respectively.
FRANKFORT. Sept. THE boerse
was quiet last week, but prices were
firm. The closing prices of yesterday
included: Hungarian gold rente, 81. rs
Italian fives. $500: Russian tours, SO;
Spanish tours, 77.50; Austrian credit,
2S2; Austrian silver rente. sO.75; short
exchange on London, 20.37; private dis
count. 81,