St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-05-04
FOREIGN MARKETS.
Condition OfEinances the Other
Side the Atlantic,

LONDON, May 3.-Discount was firm during
the past week at Sig for three months and
"a Tor short. During the settlement on the
s se5 exchange there was a strong demand
LOT IodLs, the average rate being per cent
Inc foreign drain for gold has ceased. and an
!hnux OF bullion is expected, which promises
10 ease the money market On the stock ex-
GhanSe there was holiday after Thursday.
=, = Nc , opening NOR OF the week was devoted
10 the settlement after which bust
ness was restricted American rail
ROADS alone were active and the bull
movement in New York being well sus
tallled mere. An occasional slight reaction
occurred under RELATIONS, but every frac-
uonal drop brought in buyers. The invest
ment business was on the highest scale since
last autumn, which fact further strengthened
values. The week variations in the prices
OF American securities include the follow
ing; IncreaseS-Norfolk d Western pre-
iefred, 3i2; Louisville & Nashville DO ::
Northern Pacific, >; Central Pacluc laI
Denver u Rio Grande common and Ohio IL
mmIsslsslppi ordinary, 1l2 each: New YORK,
ontario " estern, and New York. Pennsyl-
wanna u Ohio, " each Canadian securi-
ues were steady. Grand Trunk second
preference advanced IA; do list preference
-, and do I'd preference, l. Mexican raj |
ways were weak; 2ds dropped IA, and lists
ana ordinary y each. Foreigners were fat:
portuguese lost Ia; Braziians 1I2, and
Gualemalan /. Among miscellaneous securi-
Ties Bells Asbestos dropped 1I2 and print
iva nitrates fell 2s. The issues of the week
include the American waterworks and .as
works corporation, and Lehigh Valley rail
road gold bonds TO the amount of 81 900 $50
sensation has been caused by disclosures
arising from the petition for the Wind-up
oI the AnSlo-Austrian Printing com
Pany. EVanech Hansard was its promoter
Managing Director Bottomley of Hansard's
union, now bankrupt. received esS IS ont
or t93,022 received from shareholders as part
vi the price OF businesses he was supposed
70 nave acquired III Austria. In addition
bOttomley asked for total purchase money
or 46OO,OOO. Sir Horace DaYey, in APPLYING
Tor an order for the compulsory wind-up of
the Anglo-Austrian company, declared that
Bottomiey had never any business of any
the concern, of which the recent lord MAYOR.
!saacs, IS Chairman, in September declared a
dividend or 10 per cent, although the
company never possessed any business.
boltomiey ana the directors, within a single
year DIVIDED among themselves the whole
share capital subscribed. An inquiry being
threatened, they formed committee which
appointed a liquidator controlled by the di-
rectorate The judge before whom the peti-
uoh was mace mas ordered the compulsory
WINDING up or the company's affairs, and has
dismissed the liqnidator. A crop of prosecu-
tons arising from the affair is impending.
PARIS, May 3.-On the bourse during the
past week business was dull and the ten
dency was distinctly weak Three per cent
rentes dropped % centimes; Credit Foncier.
2l2 francs; Rio Tinto, 4l2 francs, and Bank
OF France. 10 francs. Adverse rumors con-
tinue affecting several joint stock concerns.
A bear attack on the Banque d. Escomte
caused drop in that banks shares early in
the week Of % francs, but a subsequent re-
port that the coming dividend will be the
same as the last checked the fall. though it is
announced that the bank will be recon.
structed.
BERLIN, May Son the boerse during the
week business was quiet and Drices sh0wed
a tendency to decline. The final Quotations
include the following: Prussian fours,
1910; Mexican sizes, $3.50; Deutsche bank
154.9O: Rochumers 127; Harpeners, 179; short
exchange on London, 20 .444 long exchange
on London, 20.27A; private discount. 25s.
German firms concerned in Argentine secur-
tiles have sent an agent to LONDON TO try to
arrange an understanding with the English
committee which will lead to q combined
scheme for dealing with the Argentine loans.
FRANKFORT. May 3.-Prices were weak on
the boerse during the past week. The final
quotations include the following: Hungarian
gold rente. 9l.s0; Italian fives. 92 90; Russian
fours. 1910; Spanish fours rs, Is; Austrian
silver rente. 70.70.