St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-03
FOREIGN MARKETS.
Condition OF Trade Across tile
lSriny Dccp.

LONDON. Nov. 2.-Discount eased after the
settlement but became firm again OH the re-
port that the Bank of England was borrow
ing money. The quotations were 4s4GgI.
On the stock exchange during the week
there was experienced further shrinkage
of prices, though the settlement passed off
better than the most sanguine had expected
Only two small failures were announced.
both dealers in the American department.
The renewed break in prices was largely due
10 the continued pressure of sales under
the private liquidation of accounts dating
back prior to the settlement Considerable
operators unable TO hold them for better
times. The public, in spite of lower prices.
abstaincd from investing. Finally, the
chronic state of depression in New York has
SYMPATHETIC influence on every depart.
ment here, disheartening operators, many of
whom, hard hit over American railroads,
have been forced to close engagements in
other markets. Fridays business was the
pes pest o: OF the week, and offered CLEAN of hope
that the worst Is over. Even American rail
roads showed signs of recovery. The
weeks variations i'll prices include the fol-
lowing decreases: Louisville d. Nashville, =:
Union Pacific, ia; Northern Pacific, lIa;
Norfolk Improvement bonds, /; Central
Pacific, Denver common, Lake Shore. Mexi-
can Central, New York, Ontario Il Western.
Norfolk preferred, Ohio Il Mississippi and
N. Y. 2. d o., ~ each. Canadians showed
marked depression. Grand Trunk debent,lre
IS lost 5; DO first preference 4; do second
preference ), and do third preference and
guaranteed lla Sir Henry Taylor's state.
ment failed 10 restore confidence in the
future of the Grand Trunk. while the de-
creased traffic does not stimulate buying.
Silver securities were irregular; the latest
tendency was upward, and rupee pai er
close W better Oh the week. Mexican rail-
way ordinary rose dig and do frsts and sec
sopps and Bass advanced 2,and New York p.
Cunard steamship shares fell Ie Nitrate
shares were very fiat. Primitives dropped
1l2.
PARIS, Nov. 2.-The bourse was closed YES
terday (All Saints Qay.) Business was dull
throughout the week. Three per cent rentes
show fail for the week of eenimes, Rio
Tlntos fail of IA francs, and Bank of
France shares fall of 20 francs. Credit
EOncier's shares show rise of 49, francs for
the week. bananas are quoted nominally at
40. The official liquidator of the canal COM
pany denies that the negotiations of Lieut..
Wyse with the Colombian government for an
extension OF the canal concessio. S have been
ruptured. He admits. however that the
process of effecting settlement with Colon
bla is slow and full of difficulty. Re-
liable advices from the Isthmus of Panama
describe the canal works as wrecked, and
say that even traces of the eXcava-
tons made are vanishing. The construC ton
machinery Is said to be worthless now. and
It's condition so bad that it is beyond bringing
the prlce of old iron. The Brazilian govern
1neilt mas conciuQeu negotiations with the
Societe General for railway loan This is
the first European loan of the Brazilian re-
public. The Credit Mobilier has acquired
the works of The Societe des Melaux for IS.-
0U0.nU0 francs
BERLIN, Nov. 2.-On the boerse the week
past prices were firm with rising tendency.
Yesterdays closing quotations include
Prussian consols, 1880: Mexican SKIES,
81 40; Deutsche Bank. l64.5O; liandels &C.
selischaft. 1872; Laura Mine, l49: German
Lioyds, 1880; roubles, also; short ex-
change on London, %. So; long ex-
change. 30. Ii; private discount 4ss
A generally credited report that the Reichs-
bank will reduce its rate early next week has
had the effect of adding "a, 900 900 marks
worth of gold TO the bullion stock, largely in
French coins and Jnhan Eyznes The new
Imperial 3 per cent bonds have recovered TO
81, their issue price. Rumors that the Rus
sian government will return TO the system of
specie payments are discredited here It's
paper roubie issues represent over I,0OU-
100000 roubles, while its specie reserve
barely amounts to $50. 10000 roubes.
FRANKFORT. Nov. q Business on the
boerse was limited during the week past, but
the tone of the marke: was firm. The clos
ing. quotations of yesterday include: Hun
garian rentes. $500; Italian IS. SO. Ia; Rus
san as. 80. 10; Spanish 4s, 75.6.,: Austrian
credit, 269; Austrian silver rente, rs SO;
short exchange on Lundon, 2O.o5.