St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-29
FOREIGN MARKETS.
The Finances Of the Old World
in Good Shane.

LONDON, Dec. 2S.-Durlng the past
week discount was firm and in good de-
mand. There was the usual inquiry for
accommodation observable towards the
end OF the year. Discount was quoted
at for three months and 81 for short.
There was nothing doing on the stock
exchange. The settlement was COM
menced yesterday, hut as the bulk of
the arrangements had been made on
Wednesday there was a thin attendance.
Fresh dealings were difficult to effect.
The account was very light, with con-
tangoeS easy, ranging from 1902 per
cent to $1,000 per cent on American
railway securities, and from to Z per
cent on Argentine bonds and ceduIas
and other foreign securities. What few
transactions were recorded yesterday in
every department, except that of Amer
lean railway securities, showed ten
dency to firmneSs. Prices of British
railway securities were strengthened
by prospects of the end of the Scotch
strike being reached. In nearly all for
eign securities, there was fractional
rise. American railway securities
closed dull, owing to unfavorable dis
patches from New York. Variations
for the week in prices of American rail-
way securities include the following.
y, a.
Wabash debentureS, II; Denver IL Rio
Grande common, L; Mexican Central
first. Wabash preferred, and Denver
d Rio Grande preferred, q each; Gem
trial Pacific shares, Louisville d Nash
vile and Norfolk q Western pre-
ferred, d each; st. Paul COM
mon, TX; Illinois Central, x.
Increases-Lake Shore, 2; New York,
Pennsylvania & Ohio, first mortgage.
~: Reading, %. Canadian railway Sc
curities were quiet. Canadian Pacific
shows an advance of 4 for the week,
while Grand Trunk second preferences
have advanced l. andGrand Trunk first
and third preferences each. The Sc
curitieS of the Mexican railway were
steady. and frStS show an advance for
the week of q. Brewery. nitrate and
mining shares were untouched. The
American association shares brought "a
better yesterday. and Eastman shares
and Bells Asbestos rose Is each. In the
department of silver securities rupee
paper shows decline OF IL for the
week. The Argentine cedula conversion
scheme is reported to have collapsed.
The fate of the Earrings committees
proposals is uncertain. Here it is re-
garded as probable THAI the Argentine
congress will reflect them.
PARIS, Dec. 2S.-On the bourse the
week past business was of the character
usual at this holiday season. Prices
had rather weak tone. Three per cent
rentes show decline for the week of Is
centimes, Credit FOncier shares de-
cline of 81 francs, and Bank of France
shares decline of Is francs. Some
speculative dealings were recorded.
The coming national loan is at frac-
tional premium. Rio Tintos show an
advance of 215 francs for the week.
Panamas are nominally quoted at 3715
francs. The news of the ratification of
the convention with the Colombian gov
eminent, obtained by Lieut.. Wyse, pro-
viding for extensions of the original
concessions, has not affected the price
of these securities. The public seems
at last Convinced that the Panama
canal enterprise is hopeless and that 1T
will be impossible to raise further capt.
tai for it III France. The Rio Tinto d.
rectors have declined to enter into
years contract with a number of vine
yard syndlcates for supply of snlphate
of copper. The reasons assigned for
their refusal are reduction of their
stock of copper ore and large exports of
sulphate or copper to America. rhe
syndicateS want to secure great Quanti-
ties of sulphates, which they use to
avert disease from the vines IN their
vineyards.
BERLIN. Dec. 2S.-Dealings on the
boerse were few during the week past,