St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-21
FOREIGN MARKETS.
Condition of Money and Stocks
Across the Water.

LONDON, July 29.-Tnere was mod
crate demand for discount during the
past week at 1854. On the stock ex-
change business was active early in the
week, especially stocks. depending
upon the value of silver. but this activ
ity was succeeded by reaction to dull
ness, owing partly to the holiday season
and partly to the distrust of the money
market and the expected advance of the
bank of England rate. In foreign Sc
curities Argentines were stronger,
Cedulas rising yesterday " per cent on
the rumor that the negotiations with a
London syndicate for a new loan
was progressing. English railway
securities were dull. American rail
roads lost the buoyancy apparent
OH the passage of the silver bill, and
closed yesterday generally depressed.
The weeks variations in price include
the following: Increases pre-
ferred 1, Lake Shore u; decreases
Mexican Central II; Mexican national
bonds 1; Central Pacific and Norfolk
gouehern Union ea'n Pacific anna New
York, Pennsylvania & Ohio, II each.
Canadians were quiet: Grand Trunk,
second preference, advanced l, while
first preference and ordinary lost u.
Mexican railways were firm; seconds
advanced 215 and ordinary "a. Brewery
shares were dull. In copper Rio TintO
dropped u. Nitrate shares were
steady. American investment trust
deferred, advanced 2. The weeks
issues include the Chicago Union
Stockyards company, the Michigan
WendigO Copper company, the Shame
kin-Sunbuly Railroad company and the
Brooklyn Bliss company.
PARIS, July 2O.-The bourse was
quiet last week. Prices were firm. Three
per cent renteS show rise of 10c and
Credit Foncier shares rise OF 1Sf. Rio
Tintos have declined II. A group of
SPECTATORS interested in Panama shares
are sending broadcast touting circulars
diIating on the chances of making
money by buying Panamas at their
present low values. The circulars.
however, bring forth no response from
the public, and Panama shares show
decline of 3115f for the week.
BERLIN, July 20.-On the bOerSe the
past week dealings were limited. The
market was apathetic in tone. Yester-
days closing quotations include: Prus-
sian consols, 10675; DeItsche bank,
167. 40; Handles Gesellschaft, 1874; Lau-
rel Mine, 1876; Mexican skies, $3.50;
short exchange on London, 2O.4lM;
long exchange on London, 1928;
private discount. 31s. Discouraging
reports are being made. These
concerning the leather trades,
which are already depressed,
assert that the Mckinley tariff bill is
having the effect of killing the leather
export business with America, the loss
Of which will be severely felt. The
iron, steel and coal industries continue
in critical position. The Rhineland-
Westphalian pig iron manufacturers
convention has proved powerless to
maintain the convention prices. Thus
| Bessemer rails, which were quoted at
1866 under the convention regulations,
| are now offered at 152. An attempt to
arrange a pig iron convention for the
Siegen district has failed, and its pro-
moters are convinced that all future eff
| fort in that direction will be futile.
FRANKFORT, July 20.-Business was
dull on the boerse last week. The final
quotationssof yesterday include: italian
IS, "a; Russian IS, $40: Austrian sill
yer rente, 1850; short exchange on
London, 2O.42; private discount, S3s. A
Dresden syndicate has obtained con
cession under which it will supply 16s
towns in SaXony with electric light