St. Paul daily globe., 1891-04-27
FOREIGN MARKETS.
The Movement Of Money Across
the Briny Deep.

LONDON, April 26.-Money was scarcer last
week. Discount was in tair demand at Sls
for .hree months and for short The stock
exchange loan rate to next account was T.
The Bank of England is Withdrawing sup
plies from the market, adding tightness TO
the situation and all indications point to q
further rise in the rate The stock exchange
is experiencing decided expansion OF busi-
ness. Once more the American market has
struck the key note of a general Ieawaken-
ing. Yesterday, despite concentration of
attention on the opening settlement,
dealings were numerous. No Saturday for
many months has been so active. Home and
colonial stocks, alone, were rather weak.
There was decline of 4 for the week IN
British funds. Rupee paper was fraction
hrmer. and Is recovering from the depres.
sion due TO the failure of a Parsee firm
through enormous speculations i'll ex.
change. Foreign securities were firm, ex-
eept for Portuguese bonds. which have de-
chned 1l2, owing to prospects of rupture
between England and Portugal, and reports
that conspiracy overtures have been made to
the Lisbon government South Ameri-
can securities have improved. Chifians
lead the movement with gains OF
from to g. while Brazilian bonds are 2
higher, and Argentine have advanced zig,
British railway securities were steady. The
feature of the week was the boomiet in
American railway securities There has been
an almost continuous upward movement IN
this department of the market. The buying
at first was chiefly from New York, but as the
rise proceeded English orders began to faow
IN, and after Thursday there was a large in,
iux of home buyers both investors and
spectators. The unwonted activity OF yes
terday established an advance all
around Variations for the week
in prices Of American railway Sc
cuuties include the following Increasesl
Wabash preferred, 6; Union Pacific shares
SIP; Louisville & Nashville, 412; Erie pre-
ferred, 3I2; Denver & Rio Grande preferred,
3; ohio Il Mississippi, New York, Pennsyl-
vania & Ohio first mortgage and Lake Shore
2l2 each; Ohio q Mississippi preferred and
Sault Ste. Marie and Southwestern, 2 each;
Central Pacific, ia; Denver and Rio Grands
common and Norfolk & Western preferred
lie each; Norfolk & Western ordinary, Wa
bash ordinary. Louisville * Nashville mort
gage and Mexican Central firsts, each; New
York, Ontario & Western. Denver Il Rio
Grande first consolidated mortgage and Nor
folk & Western gold bonds, "a each; Illinois
Central <; ST. Paul common 3ss Cana
dian railway securities were weak Grand
Trunk hrst preferred fell for the week.
do second preferred pig and do guaranteed
stock 1. In miscellaneous securities GUM
ness have risen 342 and Primitivia nitrates
la, while Eastmans lost So and Bells AbestoS
l2. Among the issues of the week was New
York Tattersalls, formed to establish business
in Chicago. The fall in raw American cot
ton is depressing the trade i'll Lancashire.
Numerous spinners are saddled with large
reserves of raw material purchased when
prices were higher, while the demand for all
classes of home yarns has become sluggish.
Hence private movement is on foot for con-
certed action 10 reduce the output
PARIS. A pril 26.-BusineSs on the bourse
was quiet during the past week. Three per
cent rentes and Credit Foncier are unchanged
for the week. The Bank of France gained
25 francs and Panama canal lost.lIa francs.
The situation ON the bourse is not good. In.
vestOrs are dealing only in the sopndest se-
cuTities. The commitments OF the leading
operators are so heavy that the outcome OF
the monthly settlement is anXiously awaited.
BERLIN, April 26-Business on the boerse
was dull and weak during the past week.
The Westphalian coal strikes had an ad.
verse influence upon all industrial So
eurities. The final quotations In
elude the following; Prussian fours,
l05-60; Deutsche bank, 15440: Mexican
skies, 1925; Bochgmers, 1880; paper rou-
bles, Pills; short exchange on London, 20 10;
long exchange on London, 20.2314 private
discount, 25s. In Berlin and Hamburg com.
mittees have been formed of German hold
ers of Argentine securities, who want gov.
ernment support. 1t is a mistake. however,
to rely upon government support.
FRANKFORT, April. 26.-Business on the
boerse was quiet during the past week. The
final quotations includes: Italian fves, 92 rs;
Russian fours, $50; Austrian credit, 26lI
Austrian silver rente, II; short exchange on
London, 90 AZ; private discount, pa.