St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-19
ON THE B0URSEs.
Condition Of the Markets Across
the Atlantic.

LONDON, May 1S.--The repayment
during the week of over 100000 of
treasury bills. with the influx of gold,
made money very plentiful. Discount
was quoted at134@1 per cent. Silver was
steady and strong, not single ounce
going to India. The mint has drawn
large supply from the market. Wednes-
day there was considerable demand also
for New York. On the stock exchange
business was active. and prices in every
department were we'll supported. The
main fact in bringing about this
prosperity continues to be the
silver bill. Other elements as
sist. For instance, English railway Sc
curities were largely bought on the
prospect of parliament allowing compa-
MES to split ordinary stocks. American
railroad securities closed shade easier
was marked by an unceasing current Of
public and speculative buying. The
weeks variations in prices include the
following increases: Union Pacific,
Mexican Central ordinary & Sault Ste.
Marie 3, each: Denver d Rio Grande
preferred. 81; Mexican Central firsts,
2; Central Pacific. ~; Denver & Rio
Grained common, IL; Northern Pacific
mortgage, "a; Lake Shore, l.; New
York, Ontario & Western, Nor
folk & Western preferred, Northern
Pacific preferred and Ohio e MisSis-
sippi, = each; Illinois Central. %; st.
Paul: common, Is; New York Central
q; Reading. rs. Pennsylvania declined
l. Canadian securities were quiet;
Canadian Pacific advanced 25S: Grand
Trunk, first and second preferred, %,
and do third preferred, =. Mexican
Wac StrOnU 0Ivi,1r n tho RIGA in cilyQr
and the bill capiralizing railway subven-
tons: Mexican ordinary advanced 5; do
firsts, 2; do seconds, ~. Brewery,
copper ard nitrate shares were firm. In
trusts, American investment deferred
rose 2. The issues of the week include
the San Francisco and Oakland brew
cries. the Fitch Typewriter company
and the Societe Exploration MeXicaine.
PARIS. May Son the bOurse the
past week business was fairly active;
prices were firm. Three per cent rentes
show a rise for the week of 45 centimeS,
While, Credit Foncer shares have adj
Yanced AZ francs. Rio Iintos francs
35 centimes and Bank of France shares
IS francs. M. Christophle, governor of
the Credit Foncier, who was accused of
gross mismanagement by subordinate,
has strengthened his position by proofs
of the solid prosperity of the Credit
FOncier since he was appointed gov
ernor in 1877. He states that under his
management the dividends have been
raised from IL francs to IS francs, and
that the company now holds stocks to
25S,OO0,OO0 francs, of which $780,
100000 are in treasury bonds
and 100000 francs in rentes.
At the trial of the chiefs in the copper
syndicate, it has been proved that NJ.
Secretan, as director Of the SOciete deS
MetauX, distributed fictitious profits for
1887, and used improper means to bull
copper, raising the price from under
1000 francs per ton to over 1000 francs,
and clearing, within two months,
the article Of the penal code on which
the charge is based does not apply. NM.
Hentch, Joubert and Laversierre
are simply charged with breach of the
company laws. NJ. Hentch, on being
examined admitted that while he was
chairman of the Compton d'Escompte
he knew nothing of the dealings of the
institution with the Societe DIES MetauX.
He also testified that the board rarely
listened to the managers report, and let
things slide.
BERLIN. May 1S.-During the week
past, on the boerSe, prices were steady,
with q tendency to rise. Yesterday
there was again large buying of iron
and coal shares by bears, and this gave
strength to banking and industrial
shares generally. Yesterdays closing
quotations include: PruSsian consols,
106.70; Deutsche Bank 1880; Handels
Gesellschaft 1853; Discontos, 9l9; Ger
man Lloyds, 10: roubles, 23l.25; Mexi-
can SKIES. 9S. Short exchange on Lon
don, 20.35: long exchange on
London. 1925; private discount,
21S. The Mckinley tariff bill
in the United States congress
alarms exporters Of textiles generally,
and also exporters of hops. In 1889,
10000 centiers of hops went to America.
and an advance in the tariff from to
Is cents per pound would be ruinous to
the German market. Herr KnOch has
been appointed president of the ReichS-
bank.
FRANKFORT, May 1S.-On the boerse
here. prices were firm during the week
past. Yesterdays closing quotations
include: Italian IS, $3.50; Russian As,
$3.50; Spanish As, 1920; Austrian credit,
259: Austrian silver rentes, H.40; short
ayahaOUe on ondOn On 96