New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-19
UNEASINESS IN LONDON.
RUNIOR THAT ANOTHER PROMINENT BANK
ING FIRM Is IN TROUBLE

ERATE DECLINE FOR THE DAY-THE
BANK OF ENGUAND's HEAVY BILL
BUsINESS-PRICEs ON con-
TINENTAL BoURsEs.
London. Nov. 1S.-There Is q rumor that another
prominent banking firm is in difficulties owing
to its inability to rediscount maturing bills The
Financial News says it hopes the report is not
true. but it it is afraid that many weak spots
have been made in the financial world by reck-
less underwriting. and that more than one house
is tOttering under load Of overwhelming un-
foreseen liabilities
On the Stock Exchange to-day business until
the unofficial close continued unsettled. Every
department sensitive and distrustfu,
and dealings were limited. The fall in
silver caused further decline of 3-4 in rupee
paper also decline in Mexican Railway ordinary
falling 3, and preference l-2. There was more
heavy realizing on South American issues, causing
a decline of 1-2 in Uruguay and de-
cline OF 2 1-2 to 5 in Argentine securities
Mexican Government securities are now involved
in the general distrust, and suddenly dropped
3 1-2 to 3. Brazilian securities lost l-2 Eng
sh railways gave some promise Of strength early
in the day, and prices advanced beyond the New
York parity but there was relapse on New-York
Scung, pTlctS bIt lOWtoU pOlHuS III
dealings. The decline for the day moderate,
ranging from IA to / IA. Discount houses con-
tinue to act with the greatest caution They
do not seem to care to do anything while the
financial atmosphere is obscure Nearly all
bill business goes to the Bank of England. The
demands upon the Bank of England con-
siderable that a further advance of the discount
rate at an early date is probable.
As compared with the closing prices on the
Stock Exchange last evening, prices at IL 80
D. m to-day showed decline Of 81 6 for consols
for nancy; decline of 1-S for consos for the
account: an advance Of IA for Atlantic and Great
Western first mortgage trustees certificates; 10
change for Atlantic and Great Western second
mortgage decline Of IA for Canadian Pacific
an advance of Is for Erie an advance of l for
Erie second consols: advance Of 12 for Illinois
Central: an advance of 1-2 for st. Paul common
no change for New-YOrk Central; an advance of
is for Pennsylvania, and an advance of IA for
Reading.
At the close prices, as compared with those
ruling at IL 80 p M, showed an advance OF
3-16 for consols for money an advance OF l-l6
for consols for the account; a decline Of 5-s for
Atlantic and Great Western first mortgage trustees
certificates no change for Atlantic and Great
Western second mortgage, decline Of Is for
Canadian Pacific, decline of IA for Erie, no
change for Erie second cOnsols, no change for
Illinois Central a decline of 1-8 for ST. Paul
common. a decline of IA for New-York Central,
n decline of IA for Pennsylvania, and no change
for Reading
Paris. Nov. l8--A dispatch received here from
Buenos Ayres states that the Bourse there yester.
day was agtated. National Bank shares fell
heavily to -.
Prices on the Bourse to-day closed firm, under
speculative buying. Foreign securities closed 3-A
per cent higher, and Rio Tinto ii francs higher
Berlin, Nov. 1s.-Prces were irregular on the
Boerse to-day. improving somewhat toward tho
close owing to bear rebuyIng. Deutsche BanR
recovered 2 per cent and Austrian Credit pei
cent. Roublcs were quoted at 2443O.
Buenos Ayres, Nov. 17.-God advanced to-day
To 107 premium. but reacted and closed at 1914
Montevideo Nov. 1.-THE premium on gold al
the close of the Bourse here to-day was 4s.