St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-01
ON THE BOURSES.
Condition of the Markets Across
the Wafer.

LONDON, Aug. 31.-During the week
discount was quoted at 31s@3. The de-
mand was limited. On the stock eX-
change business was active. The public,
following as usual the lead of the pro-
fessional operators, have entered the
markets and are buying largely, silver
securities being in the greatest demand.
Cheaper money and the advance in
silver further maintain specula ton, and
the general result is that the iduileSt
point of the dull season on the stock eX-
change in former years is now the
busiest for many weeks past. Dealers
are confident that the tide OF pros
perity will roll on for many days to
come. Nothing is known that is likely
TO check for some time the momentum
that has heen given to speculation, and
no permanent reaction is probable until
buying of rupee paper continues. Yes
terday India 41as closed at 921s, making
a rise for the week of per cent. En-
gliSh railway securities were strong,
and made an average advance OF ~ per
cent. American railroad stocks were in
active request, the demaal slightly
abating yesterday. however, owing 10
tO-morrOw's gap in Wall street. The
increases for the week were as
follows: Ohio q Mississippi pre-
ferred 4; Mexican first income bonds
21a: Ohio & Mississippi ~; Union
Pacific shares ~; Mexican national
bonds "; Central Pacifi shares. Denver
&Rio Grande common and Mexican
Central 81 each; New York, Ontario &
Western and Northern Pacific u each.
The decreases were: Wabash, ST. Louis
& Pacific preference 4; do ordinary 8.
Canadian railway securities were fiat.
Grand Trunk first and second prefer
ences declined |, and third preferences
declined q. Mexican railway stock
weeks advance was: Ordinary VI q;
firsts, ~; seconds, l. Argentine
railways recovered ~ per cent. Ger
tificates of Virginia funded debt ad-
yanced IL per cent. Breweries i'm
proved, Allsopp going up 2 and Frank
Jones a.. Copper was firm; Rio Tintos
advanced u. Nitrates were steady. a
Mexican railway SubventiOn loan of
96,000,000 at 6 per cent is announced.
The issue price is "a.
PARIS, Aug. 31.-A good amount of
business was done OH the bourse last
week, with the tendency of prices
strong. Three per cent rentes show a
rise for the week of 25c, Credit Foncier
a rise of 36f and Rio Tintos rise of ut.
Eiffel tower shares show still further
decline, having fallen 5Of. The Banque
de Paris joins with the Darmstadt Com
mercial bank and the international
Bank of Berlin in loan to the Swiss
government of 10000, 900 francs for the
purchase of the Jura-Simplon railway.
BERLIN, Aug. 21.-On the bourse the
past week prices were firm and bust
ness was fairly active. Mining shares
were bu0yant. Yesterdays closing
prices include: Prussian consols, 1860;
DeutSche bank, 1863; HandePS geseIls-
chaft, 1889; Laura mine, 1850;
Roubles, 247; short exchange on Lon
don, 20.39I; long exchange on London,
20.221 private discount, 8. Reports that
the government intends to sell its stock
of silver are semi-officially denied, and
similar rumorS regarding the AuStro-
Hungarian bank have proved without
foundation. The latter is boarding it's
silver as far as possible. Active specu-
lationS in Austrian form notes are in
progress on the German and Austrian
bourses. Since the Anglo Portuguese
agreement regarding African territory
overtures to an Anglo-German syndi-
cate for new loan of 912, 100000.
FRANKFORT, Aug. 31.-The boerse
was quiet last week, but prices were
steady. The final quotations of yester-
day include: Hungarian gold rente,
91.6O; Italian fives, $3.50; Russian fours,
$500; Spanish tours, rs; Austrian
credit, $50; Austrian silver rente, S1.3O;
short exchange on London, 2O.4O; pri-
vate discount. 311s. The West German
Iron and Tin Plate association has re-
euced the price Of welded irou plates 20
marks and that of fused iron plates Is