St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-07
FOREIGN MARKETS.
Condition Of Trade on the Bourses
Of the Continent.

Condition Of Trade on the Bourses
Of the Continent.
LONDON, July 6.-Discount was firm
during the past week at SCOT per cent.
On the stock exchange business was
very dull. Many dealers were absent
arter Thursday. Speculative business
was nowhere, and the public also held
aloof. Syndicates possessing masses of
new securities keep offering them to an
unresp0nSive market, thus adding to
the general depression. Foreign secur-
tiles were flat under continuous sales on
Berlin and Paris account. the weeks
decline in every kind averaging 81
per cent. Argentine Cedelus lost 3
per cent. Central American bonds
yesterday closed very heavy on bad re-
ports of troubles in Costa Rica. Guate-
mala fell ~ per cent, and Ecuador and
Venezuela u per cent. American rail-
road securities were stagnant, yet
prices were fairly maintained. The
lean securities include the following:
Increases & Nashville mort
gage, 1 Mexican Central, Louisville &
Nashville ordinary, Northern Pacific,
Wabash preferred and Denver pre-
ferred, Il each; New York, Ontario &
Western and Denver common, a each.
Decreases-Mextcan Central firSts and
Erie preferred. each; Alabama & Tex
as, Central Pacific, Norfolk & Western
preferred, Ohio & Mississippi and
Union Pacific, IS each. Canadians were
weak: Grand Trunk first and second
preference declined 2, and Grand
Trunk third preference, 81. Mexican
railway seconds dropped ~ and
ordinary and tirsts. l. Brewery shares
were depressed; Guinness lost 4; ALL
sopps, q; and New York and Frank
Jones, a each. American land shares
were dull; Middles Brothers lost "a.
Copper shares were steady and Nitrate
shares were weak. In view of the de-
fault in the payment of the Kansas City
q Wyandotte railroad coupons, COM
mittee has been formed to protect the
bondhOlders. The weeks issues include
the Mexican Investment corporation,
tho American Phosphate corporation,
and gold bonds of the Lehigh Valley
railroad to the amount of $1,000, 900.
PARIS, July 6.-During the week past,
on the bourse, prices were irregular
and weak. Three per cent rentes show
fall for the week of 65c. At the same
time Credit Foncier shares have risen
32f. owning to buying after the large
bear sales during the recent troubles
connected with the investigation of the
institution. Panamas were 5Lf lower
than during the preceding week, their
nominal price being 36f. The execu-
ton of the plans for the Panama canal,
as originally proposed, is now finally
abandoned. The shareholders, how
ever, continue to hope that their inter-
ests will be recognized in a new project.
SOciete DIES MetauX shares have been
bought at 70, owing to report that a
syndicate would purchase the factories
of the organization, although they have
been vainly offered twice at auction.
BERLIN, July 6.-Only limited
amount of business was transacted or
the bOerSe during the week past.
Realizati0nS were the dominant feat
ure. Foreign securities were fiat, and
iron and cOal-minIng shares were eS
specially depressed. Yesterdays clos
ing quotations include: Prussian COLI
soils, 1850; Deutche bank, 16S. 10; Han
dels Gesellchaft. 5000; Laura mine,
1852: Mexican Is, $3.50; short exchange
on London, 20.38; long exchange on
London, 20.15; private discount, 3. The
continued fall in the prices of
iron and steel gives rise to fears
of trade crisis. In spite of a
decreased consumption. the production
of-theSe metals proceeds unchecked,
although the rolling mills are preparing
to limit their output. A ton of puddled
raw iron costing 80 marks in December
last, when the trade was booming, is
now sold at 6S marks, and the tendency
is daily lower.
FRANKFORT, July 6.-The boerse was
quiet last week. Yesterdays closing
quotations included: Italian fves,
94.10; Russian tours, 97.30; Spanish
tours, 95.7O; Austrian credit, 264; Aus
trian silver rente, 77.70; short exchange
on London, 20.36; private discount, 81.