St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-15
FOREIGN MARKETS.
Condition of Finances Across
the Isriny Deem.

LONDON, Dec. 14.-During the week dis
count was easy at for three months and 3I4
for short. On the stock exchange prices
closed firm yesterday. with a tendency toward
rise. Business throughout the week was on
small scale. The depression in New York
created general uneasiness but during the
last TWO days the feeling was decidedly OPP
timistic. Everybody now relies ON an up
ward movement and active times as soon as
the clouds have left America. The drain of
gold to the United States has ceased.
although t94O,OO has been sent
TO America. The fact that a large amount of
bullion is coming TO the Bank of England
from Brazil, and another million from Aus
tralla, strengthens the position, and even if
the American drain be renewed, the bank re-
serve will be equal to meet it. Operators are
confident that there will be boom after the
holidays. A fair amount of investment bus
mess was done toward the end of the week
Rupee paper has risen II "a. Argentines are
hat, owing partly to the quarrel of the Lon
don committee with the continental dele
gates. and partly to bad mall advices. The
Buenos Ayres government employees find
difficulty in getting their salaries, and
merchants cannot collect their accounts.
English railway securities have been irregu-
lar, becoming firm the last few days. Amer
lean railway securities fluetuated somewhat,
put there was steady current OF investors
buying after Wednesday. which shows that
public confidence in these securities is re-
stored. Yesterdays dealings were at the
best values OF the week, and the market
closed with unusual strength after the re-
celpt of cablegramS from New York telling
of better prices in Wall street. The posting
OF the failure of Edward Elliott broker did
not materially affect dealings A jobber
concerned i'll MIR Eliiott's account is re-
ported shaky, but arrangements are be-
Ing made TO prevent mis- suspension. The
variations of the week i'll prices of American
railroad securities include the following:
Increases = Lake Shore and Louisville d
Nashville, 1l2 each: Denver & Rio Grande
b. nrefprrp6 MpViPnn
Pacific preferred, l each; Central Pacific
snares Denver 4 Rio Grande common New
York. Ontario d Western, Wabash preferred
aud Denver & Rio Grande first consolidated
mortgages, IL each: New York Central l
illinois Central and Pennsylvania, 70 EACH
Erie, a. Demonstration Pacific shares
l; Ohio g. Mississippi ordinary, Mexican
Central lists and New York, Pennsylvania
d. Ohio first mortgage. " each; Reading, 15
Canadian railroad securities were generally
firm. Grand Trunk first preferences show a
rise of 1l2 for the week; Grand Trunk Sec
onds have risen / Grand Trunk thirds, "a
Grand Trunk guaranteed stock ", and Cana
dian Pacific 16. Business in the securities of
the Mexican railway was dull. Mexican
preferences show fall of l2, while ordinary
has fallen "a. Nitrate and brewery shares
were fiat. Copper mine shares were heavy,
OWING to report that the American copper
syndicate was shipping its surplus stocks to
Europe. Rio Tintos declined 1l2. Among
miscellaneous stocks American Association
dropped =, ana DGll'S Asbestos 1I2, While
Middlesborough Land has risen u.
PARIS, Dec. 14.-On the bourse during the
week business was quiet, but prices remained
firm. Three per cent rentes show rise for
the week OF 6Oc. Credit Foncier advanced
Of 25c and Bank of France 45f. Rio Tintos
dropped 44f. A new Portuguese loan of the
nominal amount of e3,00O,O0O sterling has
been arranged.
BERLIN. Dec. 1.-THE boerse was quiet
during the week, and yesterday the market
closed weak, owing to realizations in prepar-
alton Tor the coming settlement. Roubles
receded to 233 80, against 237 30 the pre-
vious Saturday. The relapse is attributed to
a report that the Russian government
had Withdrawn its deposits from
the German banks. Stringent meas
ures against the jews and rumors
of the disturbed state of Finland under the
repression of national privileges have a
weakening effect upon Russian securities.
Closing prices include the following: Prus-
sian consols, lO460; Mexican skies, %;
Deutsche bank, 1923; short discount on
London, 2o.3OA; long do, 2O.11A y; private
discount. 51I.
FRANKFORT. Dec 14.-During the week
past business on the boerse was dull. Prices
were weak. Yesterdays closing quotations
include: Hungarian gold rerte, $3.50;
Italian fiyes, 1925; Russian tours, go;
Spanish fours, 1880; Austrian credit 266;
Austrian siluer rente, rs so; short exchange
on London, .0.32; private discount ga.