St. Paul daily globe., 1890-03-17
ON THE BOUEeSES.
Condition of the Markets Across
the Water.

LONDON, March Is. Money during
the paSt week was easy and in fair de-
mand. Discount was quoted at and
80. On the stock exchange business
was very quiet, but the tone is slowly
improving owing to indications of a
favorable nature. There was increased
dealing in new issues. with which the
market has been overloaded. English
railway securities weakened in conse-
quence of the coal strike, and there was
an average fall yesterday OF half per
cent. American railroad securities are
steadily, though slowly, recovering; the
buying here is still limited, but con-
tiuence is increasing. The weeks varia-
tiOns in the prices of American securi-
ties include the following: Increases
Baltimore & Ohio sterling bonds, 2;
Lake Shore. Northern Pacific and Wa
bash ordinary, IL each; Denver Il Rio
Grande preferred and Wabash general
mortgage bonds, II each; Erie pre-
ferred, Louisville u Nashville mortgage
and PittSburg e McCOnnellsville, l
each; New York, Ontario d Western,
Union Pacific. Wabash preferred, Dem
yer mortgage, New York, Pennsylvania
& Ohio, Mexican Central and Illinois,
= each; Reading, %; st. Paul common
aud New York Central, IA each. Ar
gentine bonds have fallen 213 per cent,
owing to wilt fluctuations OF the
gold premium. Mail advices state that
business is in a panicy position all
along the Plate river, and that a num-
Der of firms at Buenos Ayres. Monte.
videO, Santa Fe and Rosario are Oh the
verge of bankruptcy. Brewery shares
We're firm during tie week; AllsOppS
advanced 1 and New York Brewery 1z.
There was better inquiry for copper
shares owing to the rise in the value or
the metal. The weeks issues include
the British-Amerlcan Finance corpora
tiOn and the North Alabama Develop
ment company. Two and half mill
ion dollars of Mexican government 6s
were overc0vered by London and AM
sterdam applications.
PARIS, March 16.-On the bOurse during
the week past prices were firm, although
business was inactive. Three per cent
renteS show rise for the week of Soc,
Credit FOncier shares rise of 714f, and
Rio TintoS rise of 3$4f, while Brazilian
National bank shares have advanced
37t because of suppositiOn that the
specie of the bank is widening owing
to a recent decree. There have been
lively discussions on the bOurse over
pamphlet, issued by NJ. Siegfried, an
eX-director of the Compton d'Es-
cOmpte, and NJ. Levy, the banker,
showing that Paris is sinking
below Berlin as a finance market.
1t is stated in this publication that the
share issues of England for 1889 amount
ed to 5,076. 900, 600 francs, and that those
of France amounted to 520,0O0.000
francs, while those of Germany reached
total Of 500.0000 900 francs, not count
ing the shares issued by industrial COM
panIes. The writer of the pamphlet
says: Berlin has now become the
center of continental finance" and he
fails to suggest efficient methods of re-
storing French supremacy in that de-
partment.
BERLIN, March 16.-On the boerse
here, ,SathOugh the general position
greatly improved during the week and
increased confidence was shown, there
was falling Off in sales, and business
was stagnant. Bank, mining and in
duStrial shares closed yesterday under
marked depression, owing to renewed
attack by bears, which especially af-
fected Dresden bank and disconto
shares. The price of foreign securities
was steadily maintained. Yesterdays
closing prices include: PrusSian con-
soils 106.25: Deutsche bank l69.40. Mex
lean Us $3.50. short exchange on London
20.40, long do 2O.27, private discount 3A.
FRANKFORT, March 16.-During the
week past, on the bOerSe. mining shares
were falling and prices were generally
weak. Foreign securities, however,
were steady. Yesterdays final quota
tiOns include: Italian IS 92.4O, Russian
As 94.40, Spanish Is 1880. short exchange
on London 20 40 private discount 81.