St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-10
FOREIGN MARKETS.
Financial DOings Across the
RPiny Deep.

LONDON, Nov. 9.-There was good de-
mand for discount during the past week and
rates were firm at 5$4@i5. Fears prevail that
the Bank of England rate will be further ad-
vanceo. the reserves of bullion being in
adequate to meet the drain OF gold. 1t is be-
lleVed that the Bank of France. which e.
sides 95O, OJ0, Oii0 sterling Ill silver holes
$500 u o in gold. will give facilities 10
meet the demand here rather than risk
panic through reaction of rates on the
bourses on the eve of the introduction OF the
new French loan: In the meantjp
is on Se d aeoe of win the deBsT
of France. The stock exchaug
was exceedingly unsettled during the week
The settlement commencing next Tuesday
causes much uneasiness. The persistent
shrinkage of values, which has tried the re-
sources of the strongest firms: the recent
private arrangements Of unmet accounts.
which have loaded bankers and brokers
with unmarketable securities; the DEAFNESS
of money, and the Bank of England's ac-
ton i'll calling i'll loans have increased the
strain of a situation already full of embar-
rassment,an the outlook is In every way un-
pleasant. During the week there was a fall
in cOnsOlS of 81, and in rupee 412 per cents
Of. ia under the drop i'll saver. the
price of which has been entirely dependent
on New York operators. English railway
securities were fairly steady. Amer
SHOW showed Syn sym ptoms ' of H recover %esT,
but broke down under the bear attack ini-
tiated III New York. Some selling here Ire
ceded the New York collapse. Friday. after
the bank rate was announced. was the worst
day known i'll the American department
here in many years Yesterdays business
showed O marked abatement of selling
Some investing in the better class of stocks
also tended to strengthen quotations. The
weeks variations in prices include the fol-
lowing: Decreases, Erie preferred, 4; Union
Pacific and Louisville O. Nashville, 3s4 each;
Norfolk preferred, 3l2; Northern Pacific, 3;
Lake Shore, 212; Mexican Central, 2: New
York. Ontario Il Western, Ohio & Mississippi,
Wabash preferred and New York, Pennsyl-
vania d OHIO, 1l2; Denver q Rio GRANGE
common, 81; Central Pacific, Denver pre-
ferred and Mexican Central firsts, ~.
Increases-Mexican National, 2; Denver d
Rio Grande first consolidated mortgage and
Baltimore & Ohio bonds, l each. Canadian
railway securities were fat. Grand Trunk of
Canada first preferences show a fall for the
week of 4l2. while Grand Trunk of Canada
second preferred have fallen 2l2, do guar
anteed stock 1l2, and do debenture fives s.
Mexican railway shares lost heavily. ordinary
declining 8 and tirsts and seconds five EACH
Brewery shares were dull. Guinness shares
dropped 4, while New Yorks have risen a.
In trusts, American investment shares show
a gain of l for the week. Cunard steamship
shares have declined le. Mining shares were
depressed. Rio Tintos having fallen l
Among the new enterprises whose pros
pectuses have appeared the past week are the
American Cheese union. the American Glass
Works company and the American Elmore
Copper Process company.
FRANKFORT, Nov.9.-During the week past
business on the bourse was dull. Prices were
weak. The closing quotations of yesterday
include: Hungarian gold rente, S0.6U; Ital-
ian 5s, 92.4"; Russian is $3.50; Spanish As
1850; Austrian credit, 265; Austrian silver
Iente, 1880: short exchange on London
20.36; private discount. As.