St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-26
ON THE BDURSES.
Condition of the Markets Across
the Ocean.

Condition of the Nh arlxets Across
the Ocean.
LONDON, May 25.-Money was pTenti-
full during the past week. Discount
was quoted at 1901. Business on the
stock exchange during the week was
characterized by large realizations,
simultaneously with rising prices.
Profits were freely taken in view of the
holidays, but this fact did not impair
the strength of the markets, each slight
depression bringing fresh buyers. Spec
ulators, confident of another sharp adj
vance, buy readily. The public also IS
disposed to purchase. English railway
securities were especially strong. In
American railroads there was slight re-
action about the middle of the week, but
at the close on Friday they were firm.
The weeks variations IN prices include
the following increases: Ohio & Mis-
ordinary and Northern Pacific. 81 each:
Union Pacific, Mexican National and
Sault Ste. Marie, 2 each; Denver pre-
ferred, ~; Denver common, Lake
Shore, Mexican Central firsts and New
York, Pennsylvania q Ohio. IL each;
Erie preferred. Ohio q Mississippi or
binary, Northern Pacific mortgage and
Atlantic first leased, each: Alabama,
Great Southern, Central Pacific, New
York. Ontario u Western and Norfolk
preferred, 4 each. Wabash decreased
y. Canadian securities were
weak. Grand Trunk second pref
erence relapSed % and Grand
Trunk first and third preferences =.
Mexican continues to be bought; Ordi-
nary advanced ~ and tirsts and sec
onds u. Brewery shares were strong;
Allsopp's ordinary advanced 9, Gum
ness 81, Frank Jones l and New Yorks
u. In trusts American Investment de-
ferred advanced 2. Nitrate shares were
irregular and weak. Copper shares
were firm: Rio Tinto advanced 81.
PARIS, May 25.-Early in the week
business on the bourse was dull, but
better tendency succeeded this condi-
ton of the market. Prices closed firm
yesterday. Three per cent renteS show
a rise of 45 centimes for the week,
Credit Foncier shows rise of 49, ana
Rio Tinto rise of 20 francs.
Bank of France shares rose
9Of because of the announcement
of the renewal of the monopoly.
but owing to later reports that the new
charter contained adverse conditions.
this advice was lost. Panama canal
shares have dropped 14f, and are now
nominally quoted at 3Sf. The report of
the geological survey of the canal shat
tered the last hopeS of the company.
Eiffel tower shares, which sold at 5SOf a
fortnight ago, are now quoted at 1851.
This decline is due to a rapid decrease
in the receipts at the tower. its novelty
having apparently worn off.
BERLIN, May 25.-Fhe bOerSe was
quiet during the week past. but prices
were steady. Owing to the absence OF
many of the members yesterday only
limited amount of business was done.
During the week the tone for iron, steel
and coal shares was excellent, being en-
couraged by good metal reports from
America. Yesterdays closing quota
lions include: Prussian consols, 10000;
Mexican 6s, 99.10; Deutsche bank,
1880; Dresdener bank. 1880;
Laura mine. 1887; German Lloyds.
1887; Roubles, 294; short ex-
change on London, 20.334; long
exchange on London, 1924; pri-
Ham Bros, London bankers, have joined
the German-Italian loan syndicate. Del
egates from thlrtv-five banks, at meet
ing which they have held at Dresden.
passed a resolution in favor of warrant
law. Bremen importers are accumulat-
ing large supplies of American cotton.
A syndicate headed by Seimens & Mans
mann has bought the works of the Eng
lish Landore Steel company, in order to
manufacture Mansmann tubes on
large scale. At meeting of sugar
traders in Hamburg it was agreed to
petition the government against the
abolition of the bounties system.
FRANKFORT, May 25.-During the
week past the bourse was quiet. Yes
terday's final quotations include: Ital-
ian IS, $40: Spanish As, 1850; Russian
As, 81; Austrian credit, 260; Austrian
silver rente, 77.5O; short exchange on
London, 20:34; private discount, 80.