St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-02-02
FOREIGN MARKETS.
Finance OH tI.e Other Side of
the Hrimy.

INC bfAMys
LONDON, Feb. I.-DiscOunt rates were
fra during the past week at 14MI4.
he .heHpntSs Of money led to an IN
crease of the foreign drain of money,
which was barely balanced by the re-
turn Of currency from thu provinces.
Signs of a reduction of bankers bal
aires. combined with shortening sup
plies of floating capital in the markets, 4
renders further drop of rates imprOb-
able. Dealings in silver were very
small. Bankers here received Mr..
GOschen's pound note proposals with
decided aversion and dlstruSt, but
the opposition lessons under free
discussion. If associated with
al issue of 10-shillng sill
yer notes, the project would find
large support in parliament. MIR.
GO,rhen's hopeful budget hints give an
impulse to the funds, which advanced
"a on the week. The silver uncertainty
caused drop in rupee paper of "a,
the little price being touched on the
announcement of the death of Mr.. Win
dom on the exchange. Business gener-
ally was exceedingly quiet. Among the
foreign securities, ArgentineS show
derllne of "a for the week. and Portu-
gurse securities decline of IS. Conf
0ence in ChilianS is almost restored,
holders trusting that their investments
will be eeure, whoever wins in the
present struggle. In consequence,
ChiIians show a rise for the week
of 81. British railway securities
show an upward tendency. The
announcement of the Great North
ern dividend of q per cent and
the collapse of the Scotch strike prompt
ed buying and there was an advance OF
ID for the week. In American railway
securities the dealings were few. Every
body is waiting the outcome of the sill
yer legislation III the United States.
The general tenor of the transactions Of
the week. however, showed confidence
in tile early future of the market, the
run of the weeks changes tending to
an advance. Variations in price OK
American railway securities for the
week include the following. Increases
North, ri Pacific 80; Denver Il Rio
Grande, 19@4; Norfolk IL Western Or
binary, Q; Lake Shore and Mexican
Central tirsts, = each; Louisville u
Nashville, /; Norfolk u Western pre-
ferred. "a Denver x Rio Grande com
mon. New York, Ontario q West
ern, Union Pacific shares and
New York. PENNSYLVANIA & Ohio
hrst mortgage, = each; Erie,
York Central. q. DecreaseS-CenUral
Pacific shares and Erie preference, q
each; Illinois Central, |. Canadian
railway securities were firm. In Grand
Trunk first preferences there was an
advance Of Il for the week, while Grand
Trunk second preferences have risen I,
ami Grand Trunk third preferences, Or
binary ana guaranteed stock y each.
I he securities of the Mexican railway
were fiat, frstS having fallen a on the
week. seconds !. The CHILEAN outbreak
has / d To the conclusion of arrange
mpntS by winch producers OF nltrateS
will cease to manufacture the product
during five months of the year, although
they are at liberty to dig. y nitrate
store syndicate is being formed to buy
up surplus stocks and control prices.
As result cargoes have risen los per
ton and nitrate shares ~. Among
miscellaneous securities Guinness OrdI-
nary advanced 80 on the Week,and An
glU-American cable q, while Rio TintOs
dropped a. Five million dollars of gold
bonds Of the Baltimore Belt railroad
were issued here during the week.
PARIS, Feb. 1.-Buslness on the
bour5e was very quiet during the week,
prices closing yesterday with general
weakness. Portuguese securities fell 2
per cent, ana Inere was al average IdlI
in other foreign securities OF a per
cent. The declines of the week include
tile following: Three per cent rentes,
80 centime>; Rio TintO, l0f; Panama
canal, 11lf: Banque de France declined
6Of. the bill to renew its charter prov
ing. Oh examination, less favorable than
was expected. EiffeI Tower advanced
45f. under an increase of receipts.
BERLIN. FEB. 1.-Business on the
bourse VAS dali during the past week,
and there was no speculation. There
was some tendency to realize. The
final quotations include the following:
PruSslan cJns0lS, 1916; Mexican Us,
$3.50; DeutSche bank. 63.25; rOubles,
2 35.5o; short exchange OH London,
20.324; long exchange on London,
POPS: privat. discount, 2@s.
FRANKFORT, Jan. lon the bOurse
during the week business was quiet.
Tn final quotations include the follow
ing: Italian first, 22.S0 Spanish tours,
76.1O; Russian fOurs, 1925; Austrian
credits. Is; Austrian silver rente. LEO;
short exchange in London, 2O.33; prl,
Sate discount, ).