St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-03
ON THE BOURSE.S.
Condition Of the Markets Over
Ocean.

LONDON, March 2.-There was lesi
demand for discount during the pas,
week at 32l(0419. The STEADY advance
of the Bank of England reserve war
rants the expectation of a further re.
duction of the banks rate on Thursday
next. Although business on the stock
exchange continues dull, the prospect
of cheaper money improves the general
tone, and investment dealings show
slight increase. A revival of specula-
ton is retarded by load of unmarked
able ventures issued in 1889 remaining
in the hands of inanciers. English
railway securities were stronger, stocks
were scarce and there was more
buying. American railroads con.
tinue neglected. About the middle
of the week there was revival in deal
Ings, the whole market was well sup
ported. and there was recovery all
around; but the squirt did not last. and
yesterday there was renewed stagna-
tion. The weeks variations in prices
include the following: Increases
Norfolk q Western preferred 116j
Louisville u Nashville mortgage and
Louisville Il Nashville ordinary, and
PENNSYLVANIA u each; Erie ends and
New York Central 4 each. Decreases
Union Pacific, IL; Denver 81 Rio
Grande ordinary, New York, Ontario IS
Western. Wabash preferred, st. Paul
common and Reading q each. Cana
dams were steady; Grand Trunk De-
benture 5s advanced Q and Cana
dian Pacific advanced a. Argen-
tine bonds dropped 2 per cent on
the heavy rise i'll the gold premium.
Brewery shares were fiat, excepting
Guinness. which rose +. Copper shares
were firm; Rio Tinto advanced %.
Nitrate shares were weak; primitiVas
declined a..
PARIS, March 2.-The rentes settle.
ment yesterday passed off easily, with
tendency to lirmneSs. Three per cent
rentes show an advance for the week Of
25c, Credit Foncier shares an advance
of Aft and hiO TintoS an advance of l4f.
The new compton d'EscOmpte an
nOunceS a dividend of At per share. An
African company has been formed to
work the French Congo and GabOOn
colonies. 1t has capital of 1000, 0O0f
The enterprise is backed by the Credit
FOncier.
BERLIN, March 2.-On the bourse the
past week depression prevailed among
mining, industrial and banking shares.
The Socialist success in the reichstaa
elections partly contributed to bring
mary and principal cause was reac-
ton from the recent over speculation.
The announcement of the Elsberg bank.
ing firm or Elberfeld that they were
compelled to make arrangements with
their creditors enabled the bears to
make general attack on bank shares.
Dresden bank shares were heavily
beared, aud dropped per cent.
Deutsche bank shares, which were
quoted at 179 Monday, closed yes.
terday at ia. Yesterdays deal.
ings showed no abatement in the num-
Der of sales, and rumors that failures
were imminent heightened the prev
alent alarm. Foreign securities were
generally firm. Yesterdays closing
quotations include: Prussian consols,
1860; Hungarian gold rente, $40;
Mexican IS, 1926; short exchange on
London, 20 Al; long exchange on Lon
don. 20.2714; private discount, 357s. Ar
gentine was weak and declined q per
cent.
FRANKFORT, March 2.-The Boerse
was quiet during the week past. Yes
terday's closing prices include: Italian
IS, $3.50: Russian As, $3.50; Spanish As,
72.SO: short exchange Oh London, 20.45;
private discount, so.