St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-03-23
Condition of Finances at the
EUrOneau Money CeuterS

LONDON: March 22-Discount was firm dur.
ing the past week at PIP for three months
and for short. The reports of large drafts
of gold going to MOntevideo III connection
with the loan of e2O00,O00 negotiated bv
Uruguay tend to cause 4 hardening of the
money rates. Business on the stock exchange
was very inactive, and there will be no re-
vival until after the Easter holidays. The
house will close from March % to March 81.
In spite of the pau2ity of transactions
prices generally improved. Rupee pa
per fuctuated and closed yesterday
ss lower on the week. In foreign securities
the feature was the strength of Argentine
nationals, the recovery ranging from - to
2l2. Argentine Drovincials tended to rise
until adviccs from Buenos Ayres announced
that the coupons of the loans of 1882 and 1885
would not be met There was some buying
of Costa Rican securities, which advanced
lq2. Chliians were traction higher. Mexi-
can SKIES gained ia. The movements of
English railway securities were slight though
the tendency was good; there was an average
rise OF "a. In American railroads the feeling
was distinctly weak, 10 initiative being
taken in dealings here. What little
business was done was due to spasmodic i'm
pulses from the New York daily fluctuations
and mean nothing beyond the result of minor
professional operations. The public holds
entirely aloof. Variations of the week in
prices OF American railway securities include
the following: mcreases-Lake Shore. New
York, Ontario Il Western and Wabash de-
bentures, 1l2 each; Denver & Rio Grande
preferred, Mexican Central and Northern
Pacific mortgages, "a each; Mexican Central
mortgages. Ohio d Mississippi ordinary and
Atlantic first leased, each; Central Pacific
shares and Wabash preferred, p each :;
illinois Central, Il. Decreases-Nor-
folk Western ordinary. 1; Northern
Pacific preferred, ~: Denver IL Rio Grande
common and Union Pacific shares, 4 each.
Canadian Railway securities were steady
Grand TrtInk second preferences went up to
l. aud first and third preferences y each,
while Grand Trunk debenture fives dropped
2 on the week. OF the miscellaneous secur-
tiles, Allsopps were doomed on the report
That the brewery company had acquired
monopoly OF a number of public houses,
aud ordinary rose 10l2. PRIMITIVE nitrates
advanced Ia on the week and Rio Tintos a.
while Hudson Bay dropped 3s and Bells
Asbestos 4. There was squirt IN financial
trusts which sent American Investment de-
ferred up Ala. Among the issues of the
week were the Canadian EX-
ploring trust, formed 10 acquire and work
mines in the colonies. The scheme for the
conversion of the business of the banking
house of Murrieta & Co. is generally APP
proved. The dehentures taken by the Sc
curities insurance corporation are redeema-
bic at. 1O5 in Ten years. CONNIE ncng III 1893
the Murrietas having the option to redeem
sooner. supporters of the FIRM believe there
will be an early redemption. The London
Produce Clearing House company will begin
tomorrow system of registration of con
tracts for future delivery business
III silver. Tine company undertakes the
storage of silver in its vaults
issuing warrants against the metal. A de-
post of ESQ per 1900 ounces is required
Significant Of the condition of business on
the stock exchange is the fact that nearly
200 members. with 300 clerks are about TO re-
sign, being unwilling or unable TO renew
their annual subscriptions.
PARIS. March 22.-Although business on the
bourse was limited during the week past, the
tendency was toward firmness The securi-
advances no
follows: Three-per cent rentes - centimes.
and Rio Tintos, % francs. Credit Fon-
cier shares declined II francs on
the week, and Panamas pa francs
The tortnightly settlement passed without
symptom of embarrassment arising from. the
Societe des Depots ct Complies Courants col
lapse. The Banque de Paris is negotiating
loan for China. Minister Roche has directed
the railway companies TO stop granting re-
duced through rates from foreign countries
This order will lead 10 diversion of through
traffic from French railways. yet the minis
try was obliged to give way TO the protection
cIamor. The shares of the Societe des De-
pots ct Complies Courants, which a week ago
were at $50 francs, are now quoted at $40
francs.
BERLIN, March 22.-The boerse was quiet
during the lat week. Prices were firm. The
closing quotations of Saturday include
Prussian fours. 1850; Deutsche bank 1854 10 ;
Mexican SKIES, 9135: Bochumers, 1871; Har-
peners, 1I6; roubles, 2H.25; short exchange
on London, 2O.o014; long exchange on Lon
don 1924; private discount. pa. Argentine
securities were largely sold at the opening of
the week, bat have since been frmer. Chilian
securities lost 24 per cent. Iron and coal
shares continue 10 drop under the threats of
a general strike
FRANKFORT. March 22-Cn the boerse dur
ing the week business has been fairly active
and the tone was firm. The final quotations
include the following: Hungarian gold rente,
93.10: Italian fves, 94.50; Russian fours
$3.50; Spanish tours, $500; Austrian silver
rente. n6); short exchange on London
20.36; private discount 2ss.