St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-29
FOREIGN MARKETS.
Condition of Trade Across the At
Iantic,

LONDON, Sept. 2s.-During the past
week discount was in good demand and
firm at 4s4@5A. A prolonged period of
dear money is expected. The increas-
ing home currency requirements. if ac-
comdanied by further drain of gold, will
cause further advance of the Bank of
England rate. On the stock exchange
business was restricted; the general
tone was gloomy. Dear money checked
speculation and forced weak operators
for rise to close accounts. The de-
cline i'll silver assisted in causing the
depression. Foreign securities alone
were steady, owing to the sup
port OF continental markets. Eng
fish railway securities were dull;
there was an ave rage fail of
per cent. American railroads were
largely sold until yes terday, when the
bear movement appeared to be checked
and better tendency set in. The
weeks variations in prices include the
following decreases: Ohio 81 Missis-
sippi preferred and Erie preferred, 2
each; Louisville & Nashville and Union
Pacific, "a: Denver common and Mex
lean Central irsts, u; Denver pre-
ferred, Norfolk preferred and New
York, Pennsylvania d Ohio, II each;
Mexican National bonds, l: Central Pa
cific, Mexican Central and Ohio and
Mississippi ..Ina4y. e each. Canadians
were quiet, Grand Trunk ordinary
dropped 4 al \ first preference rose a.
Argentine Ia ways were heavy, and
there was ga average drop of 214
per cent. Mexican railway was
heavily sold; ordinary declined 8;
do seconds 2, and Go firsts II. In brew
cries New York rose %. Nitrate shares
were fiat; PrImitivas lost IL. Rupee
paper was weak; 41ss closed yesterday
at 81. There was a steady demand for
Cumberland land shares. Copper mines
were quiet; Rio Tinto dropped Il. Tho
Northwest American Mortgage COM
pany announces dividend of 9 per
cent. The issues of the week include
the Fowler Bros, United Chicago Pro-
visio company, Omaha Packing COM
pany and others, with a combined share
capital of 9751, 600. A crisis is impend-
ing in the Scotch iron trade. The mas
tiers have given notice to the men Of
wholesale lockout on the 9TH of next
month unless an amieable settlement
of the disputes is effected in the mean
time-of which there is no prospect at
present. The fires i'll number of fur
naceS are already out. The threatened
stoppage of production has caused ex-
element IN the iron warrant market.
PARIS, Sept. t2S.-Business was dull
on the bourse the past week and prices
suffered a general decline. Three per
cent rentes show a fall of 15c for
the week. Credit Foncler shares de-
clined % francs. owing to report that
M. ChriStophle has resigned the gov
ernerslIip of :the institution, but recov-
cred slightly in the absence of official
confirmation of the report. Rio Tintos
have fallen % francs. French cable
shares prove an exception to the gen
eral rule, showing an advance for the
week of "a francs The rush to get
eonsignments of French goods to the
United States before the Mckinley bill
can go into operation has caused sew
eral extra steamers to be engaged to
take cargoes from Bordeaux and Havre.
BERLIN, Sept. 2S.-The past week
was dull one on the boerse. Prices
have been weak since the reichsbank
raised the discount rate. Yesterdays
closing prices include: PrusSian con-
sOls. 106.20: Deutsche bank, 1863; Han
deis: Gesellschaft, 17l.75; Laura mine,
15775; Mexican SKIES, $3.50; short ex-
change on London, 20.374; long ex-
change on London. 2017; private dis
count, As. Roubles were depressed.
closing at 251.S0. The government is
arranging for the issue of a loan of
800. 600, 900 marks at per cent.
FRANKFORT, Sept. 2S.-The hoerse
was quiet last week and prices showed
tendency to weakness. The final quo
tations yesterday include: Hungarian
gold rente, $3.50: Italian fives, 81; Rus
sian tours, $3.50; Spanish feurs, TAO;
Austrian credit, 277; Austrian silver
rente. 10; short exchange on London,
20.37; private discount, AZ.