St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-02-24
ON The BOURSES.
Condition of the Markets Across
the BrinY.

the brlny.
LONDON. Feb. 23.-Money was scarce
during the past week. Discount was in
demand at 4@433(. Business On the
stock exchange still shows little indica-
ton of revival under the stimulus of
the lower Bank Of England rate. There
was slight improvement on Thursday,
viii oh has been succeeded by renewed
depression. A large number of ac-
counts have been carried on during the
past few weeks in expectation of an
advance in prices under the influence
OF cheaper money. A rise in value
is thus effectually discounted,
and a revival of business checked.
After the settlement, which COM
mences on Tuesday, business is
likely to become active. American rail-
road securities were dull during the
week, closing weakest yesterday under
the unfavorable associated bank re-
turn, combined with the unsettled rate
questions. The weeks variations in
prices include the following: Increases
Norfolk & Western gold and BaIti-
more d Ohio sterling bonds, each;
Denver 81 Rio Grande mortgage and
Mexican Central lists, = each: New
York Central, 4. Decreases-Louis-
vile d Nashville ordinary, 3; Northern
Pacific. u: Erie preferred, Norfolk q
Western preferred, Union Pacific, Wa
bash preferred, Pittsburg & Connells-
vile and Illinois Central, 1 each;
Lake Shore, New York, Ontario d
Western and New York, Pennsylvania
q Ohio. e each; st. Paul common, q.
Canadians were steady: Grand Trunk
LIST and I'd preference advanced e each.
Brazilian stocks were depressed and
declined l. Argentine culitieS, on the
advance of the gold premium to 12S.
declined 2. Brewery shares were firm;
Guinness gained s; AllSopp, owing to
the discomfort over the directors eX-
PLANTATION of the falling dividends, de-
clineS daily, and has lost II since the
last settlement. There was some sell
ing of cable shares; Anglo-American
preferred declined ~, and Ordinary
twas declined IL. Peruvian advices
announce the discovery of large beds
of guano. which it is estimated will
yield 100000 tons of excellent quality.
The loan for the United railways of
Havana closed at IL premium. The
issues of the week include the United
States Trust corporation and the United
States Debenture corporation.
PARIS, Feb. 23.-BusinesS on the
bourse was inactive during the week
past, aud prices closed heavy. Three
per cent rentes show gain of DC and
Credit Foncier shares gain of III.
SueZ canal shares have fallen S15f dur
ing the week, and Rio Tintos III. lie
GauloiS publishes dispatch from the
correspondent who accompanied the
Panama commission. He says that ex-
perts have decided that it is only posi-
BILE to construct the canal with locks.
Some engineers favor plan of opera
ton embOdying two locks, which might
possibly be completed in four years at q
cost of ELS, 100000 sterling. The CORE
spondent also states that seven-tenths
| of the work yet remains to be done and
| that the canal is beginning to fill with
sand. He thinks the commission is
| likely to advise the company that fifty
six light locks will be necessary.
BERLIN, Feb. 23.-Duliness has pre-
vailed on the boerSe, and prices have
been weak ever since the Socialist sue
| cesSeS i'll the reichStag elections were
made known. Coal shares, other min
| ing shares and bank shares have all de-
| clined during the week past. Yester-
| days closing quotations include: Prus-
| sian consols. 106.50; Deutsche bank,
1850: roubles, 220.90; short exchange
on London. 20.45; long exchange on
London, 20.2714; private discount, 33S.
The Reichsbank has declared divi-
dend for 1889 of Z per cent, and the Ham.
burg Commerz bank a dividend of "
per cent. The report of the Berlin cas-.
senverein bankers clearing house
shows that the total dealings for 1885,
amounted to 31,0O0.O0O marks.
| FRANKFORT, Feb. 23.-On the boerse
last week dealings were limited. Prices
were weak. The final quotations in
clude: Italian fves, 94.25; Russian
fours, $3.50: Spanish fOurs, 1910; Aus
TRAN credit, 275; short exchange on
! London, 20.45; private discount, 80.