New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-24
A STRONGER FEELING IN LONDON.
THE WEEK AT THE NEUTRALITY-SUSPICIOUS. AND
ANNOUNCEMENTS.


ANNOUNCEMENTS.
London. Nov. o3-The monetary situation under the
udicous policy of the Bank of England directors as
sisted by the leading banks, has become unusually
strong A daily material addition to the bank STOCK
Of bullion Is made. One and hall million pouhus
in Russian gold is due on Monday, million more Is
on the way from Brazil, three-quarters OF mill
Ion from Australia. and smaller amounts HUH
European markets The Bank Of England's reserve, 1t
is estimated will soon reach s1s600O00. Although
entire confidence has been restored IN the general
financial soundness. the prospect LOT cheaper money
remains remote. The chief portion OF the goid ar
rivals is merely borrowed and must be paid before
rates are reduced. The Bank OF England directors
also intend to create strong reserve independently
Of the assistance of France and Russia. The dis
copnt houses therefore expecting decrease in the
bank rate for some time, maintain quotations at Ia
for three months and 3-4 for short
On the Stock Exchange there has been a magical
recovery since Wednesdays semparhc. In mct the
advance IN prices has been too rapid TO be steadily
kept up and NAV soon be checked by renewed sell
ing especially in view of the fact that other large firms
besides the Barings have masses OF uh
marketable securities to dispose OF. Regarding
the settlement beginning on Tuesday anxiety
is no longer felt Heavy differences will have 10 DE
met owing to the violent fluctuations since the isst
account but Stock Exchange loans can now be easily
obtained and the rise in values will greatly assist the
settlement.
Fvervthing YESTERDAY closed buoyant In mgl-class
securities Consols took the lead, showing an advance
for the week OF ga Rupee paper, after beihe 'ps
low as rs 1-2, is now so Ia, making the weeks aa
vance IA. The violent drop in South American Sc
curitics is almost recovered leaving the weeks ial in
Argentines only IT, and in Crneuays L. Inc
official announcement yesterday that money was ready
n meet the Argentine January coupons assisted to bring
about the advance.
American railway securities have been steadily tend
ing to better prices. notable feature of the week
was the public investing in these stocks, attracted Dy
the prices These securities closed espccaiy h'
NewYork quotations responding to the rise here Ihc
variations for the week in prices OF American railway
securities include the following Inceases-Unon Pn
ciGc shares Ia Northern Pacific preferred . L.
Louisville and Nashville 34, Mexican Central hrsts
and Denver and Rio Grande preferred IL each'
New-York Pennsylvania and Ohio first mortgage Lake
Shore and Ohio and Mississippi ordinary Ia eaeh'
New York Ontario and Western 81; Central racine
shares Denver and Rio Grande common and wabash
preferred, 1-c each Illinois Central =, htlantic aho
Great Western frsts, So New-lork Central ST. Pa'i
common and Erie ordinary, IA each decreascs,Nor-
folk and Western preferred and sant S,e' ~ a,e arr ad
vaucc OF l-a on the week for firss, and decnhe ni
y fSE seconds Ia In bSSwegJes Gun"'s gained " AN
The English French and German delegates esa on the
afgsc gtas viii nnnopt commission to Inquire into the
condition Of the Argentine Republic finances;
1t l. reported shat Mr. Gosctn: Chaneeuor VI ulo
Exchequer has asked the Bank o England directors to
consider whether the time is Oplortune for the issue
of Il notes payable in silver.
syndicate has projected the formation u OF Ia q new
stock exchange, with a capital Of 100000 A
prominent feature of the new cNhangc will be the
abolition of tobber system, which is only existent
here The new concern will permit only direct deal
incs between brokers. without the Medium Of 0bbcrs
The Renter telegram Company pn G rs issued circular
he nnrDose of extending its teegroh and telephone
service of establishing busisss advertisement
The Argentine gold premium yesteray was o17.
paris Nov 23.-The financa crisis in London pro-
duced no great effect here except amug banks inter
csted in Argentines. ., -
The subcommittee OF the Deputies. which is con-
s,dering the import duties certain Stcles OF food
included in the new Tariff BILL raises atcs proposed
Inv the Government follows On beef ,om 90 francs
10 25 francs per double cwt: on mutton. from 2s
francs to 80 francs fresh pork, fiNn 10 frapcs
IN 10 francs and on sated beef and ther salted
meats, except pork, from % francs TO 81 francs.
The question Of the duty on alted pork te subcom-
mittee has reserved for decision.