St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-08
ON FOREIGN BOURSES.
A Slight Reaction in Stocks i'm
London.

LONDON Dec. 7.-During the past week
discount was firm at 3S03s Id for three
months and nl2s for short. On the stock ex-
change business was dun. The recent rise
was TOO rapid 10 last ana has led to reac-
ton. Toward the close of the year there is
always restriction of operation. The with
drawal of the foreign delegates from the Ar
gentine committee has not impeded the
progress Of the plans of the English members
of The committee The scheme of the latter
for ihe funding of the national loans and
railway guarantees into new per cent loan,
secured by the customs receipts, meets with
general approval The provincial and mu-
nicIpal loans are not included in this scheme.
but Will be dealt with in another. The aver
aye rise for the week in Argentine was i-lO4.
English railway securities are drooping. hav
ing fallen u. The disposition here 10 buy,
Notwithstanding news of failures by cable
and reports of bad business is chiefly checked
by New York selling orders The variations
for the week i'll prices of American railway
securities include the following: Decreases
Northern Pacific and Union Pacific
shares. 5l2 each; Norfolk and Western
preferred, 3I2; Louisville d. Nashville
and Erie preferred zl2 each; Denver q Rio
t'raude preferred, New ork, Pennsylvania
and Ohio first mortgage and Sault ste. Marie,
l ia n; Denver u Rio Grande common, Lake
Shore and Ontario x Western. IL each; AT
lanlir q treat Western firsts, So; Atlantic q
Great " estern seconds l2: Erie, =; Erie sec
onds /: Illinois Central, ll2: Pennsylvania.
Is; Reading, 115. characterization Ma
IiOi;il- - MpxlcdIl CellLful UTSLS anu
more d. Ohio, each. Canadian Railway Sc
culities we've depressed. Canadian Pacific
shows q decline of 3fOr the week, while
Grand Trunk first preferences lost -l2. and
Grand Trunk second and third prefer
ences he each. The shares of the
Mexican Railway have improved. frs,s
gaining 2I2 ard debenture skies /. Among
the treWlng shares, Alsopps lost 4. and
frank Jones. Rio 1inlO mining shares
shoA a gain of for this week. This advance
was owing To report that the mining COM
pany mad contracted to deliver in America
over 20 = 90 tons of sulphur ore containing
ores under the Mckinley law escaping duty.
Although silver yesterday was tirmer, rupee
paper dropped half closing at / 7B. IN trusts,
American investment lost Il: NltateS were
father stronger: rimalives advanced 4.
PARIS. Dec. T.-husinesS on the bourse was
quiet throughout the week, but prices con-
tinued nrm. Three per cent rentes show u
rise OF ID cents tor the week. Credit Foncler
advanced def. Rio Tintos went up 42L
under bull operations on reports Of sales of
ore u America. Portuguese securities ad-
vanced yesterday "a per cent on the an
nonncement IN It a syndicate had advanced
to the Lisbon government loan Of $1,000,
U f.
BERLIN. Dec. 7.-Although there was little
doing the boerse during the week. the
tone of the market was firm. Bank, mining
and Industrial shares were all well support
cd. Money was easy. The National Ze1tung
pTedl' Is that the next return of the relchS-
bank will lie notably good. he Deu sehe
bank issues statement showing investments
i'll Arsentines TO Tie amount of 81 800
marks. This bank has granted credits to
Argentine banks amounting to 20 5000
marks uncovered, and 4Jl 900 marks COW
cred. Deutsche bank shares, which lost on
THURSDAY, o. ing to report that the insti-
tution's affairs were seriously involved
through Argentine investments, have
since recovered. The Anglo-.,erman bank
at hamburg has suffered SO severely by losses
through forged bills that its dividend just
declared is per cent less than was expected.
The closing quotations of yesterday. include
Prussan cons is. lj4. 80: Mexican SKIES,
93.25; Deut-che bank. l555u: short ex-
change on London, 2l.33A, loAg exchange
on London, ~. l4A; roubles, 237; private
discount. y.
FRANKFORT. Dec 7.-On the boerse the
week past business was dull. The transac
tons yesterday included: Hungarian gold
rem e, 9'.4p; italian fives. $50; kussian
tours. 1913 ); spanish tours. "a B Austrian
credit. 217; Austrian silver rente. 70. 50;
short exchange on London, 2O.33; private
discount, 5ss.