Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-10-20
THE BUSINESS OF THE WORLD.
A Glance at the Dealings Of the Lon.
don Stock Exchange.

From the New York Times.
The magnitude Of Wall street monetary
transactions sinks into insignifcance when
compared to the business daily done on the
London stock exchange. The number and the
quantity Of the stocks handled in the British
capital are remarkable. In this market the
whole world is brought into financial proximity
and tho business enterprises Of the entire globe
are made the medium Of speculation. The re-
ports Of the business done on any day in the
London stock exchange show this to be the
truth. Indeed, the foreign and colonial secur-
tiles dealt in here-governmental, railway,
banks and miscellaneous iudustrial-far out
number those OF the united kingdom.
In colonial government inscribed securities
there are quoted above par those of Canada,
Wales. New Zealand. South Australia, Tasma-
MIA. Victoria and Western Australia. In foreign
government securities are found in one close
neighborhood, the Argentine Republic, Brazil,
Buenos Ayres, Chill, China, Costa Rica, Egypt,
France, Greece. Hungary, Italy. Mexico Portu-
United States and Virginia. OF these securities
the United States per cents lead all others in
value. In railway securities. stocks. bonds,
and obligations, the list is almost interminable,
and the roads represented lace the globe.
Every road in the united kingdom ia repre-.
sented in the daily dealings, and the American
list includes everything of prominence in the
United States, Canada, Mexico aud Central
America. There are quotations of no less than
eight different Indian railways, and the names
Of the Bengal-Nagpur, the Bombay, Baroda and
Central India. the Rohilkund and Kumaon and
the Great Indian Peninsular are as familiar to
the London stock broker and the London spec
uiator as the names OF our own great railways
are to the Wall street operator. There are a
dozen or more South American railways listed
and literally dealt in and close beside them, in
the quotations. are found the Ottoman. from
Smyrna to Adm, the South Austrian, the Dutch
Rhenish, the Charkow-Krementschug and
many others that sound odd and strange to
New York ears
In bank stocks the array il imposing, and the
names suggest bonds of commercial interest
between London and the rest OF the world.
There are the Anglo-Egyptian Bank. the Bank
OF Africa, the Bank of Australasia, the Bank Of
New South Wales, the Bank of New Zealand
the Bank OF South Australia, the Bank of Tara
paca and London, the Chartered Bank of India
Australia and China, the Hong-Kong and
Shanghai Bank, the Imperial Bank of Persia
the Imperial Ottoman Bank, the London and
San Francisco Bank and the London Bank OF
Mexico and South America. In mines the
transactions are large and extend from the
gold fields OF South Africa to the silver dggings
on the western slopes of the Rocky mountains
and from the diamond mines of Brazil to the
copper finds Of Lake Huron. Telegraph and
telepuOuo STOCKS arc uealt In, ana the quota
tions show juKtaposition of the Anglo-Amer-
lean, the Direct United States Cable, the Great
Northern OF Copenhagen, the Western and Bra
lillian and the West India and Panama
Corporation stocks represent such distant
places from London as Melbourne, Buenos
Ayres and the City Of Mexico. In foreign
stocks, bonds, &C., coupons payable in London
or abroad there are copiously represented the
Argentine Republic, Brazil, Buenos Ayres,
Chilli, China. Colombia, Cordova, Ecuador,
Egypt, Greece, Costa RIGA. Guatemala, Hun
gary, Mexico, Nicaragua, Paraguay, Portugal
Russia, Spain, Sweden, Turkey and Uruguay.
Breweries are made a conspicuous means Of
investment and speculation, and We find the
Chicago, Frank Jones and St. Louis breweries
quoted with those of Allsopp, Guinness, Barns
Icy, Ohlssons Cape and Watney & Co.
Commercial and industrial enterprises have
a WIDE range and extend from the FORCES of
Leeds to the water supply of Buenos Ayres
Financial, land and investment enterprises en-
brace concerns operating in America, Austria
lia New Zealand, the Transvaal Peru and nu-
morous other countries remote from each
other and having no interest in common except
those created by the London stock market and
existing on the London exchange.
In addition to these dealings in foreign Sc
curities, stocks, bonds, mines, railways, land
investments and commercial and industrial
enterprises, the business done in British rail-
ways banks, financial trusts, gas companies,
insurance concerns, tramways, omnibus COM
panies, water works and other domestic and
local stocks is studendous. The daily transac-
tions OF the London stock exchange disclose q
marvellous diversity Of interests spreading over
the entire civilized globe, and yet focused in
one place for the purposes Of investment and
speculation. 1t is q wonderful community of
interests, marvellous transformation Of the
business world into one close neighborhood.
and it suggests the idea that the people OF
Great Britain not only have q great deal of
money, but they are anxious to use it in either
investment or speculation.