St. Paul daily globe., 1891-12-07
FOREIGN MARKETS..
Condition Of Finances Across
the Atlantic.

LONDON Dec. 6.-Discount was easy during
the week past at PIP for three months and
for short. Money is now so abundant that it
Is regarded as certain that the Bank of En-
gland rate will be reduced at the beginning
OF the new year unless some unforeseen gold
movement occurs. On the stock exchange
the amount of business done during the week
was moderate, but there was general tend
ency upwards. The ease of money and the
satisfactory progress of the Paris settle
ments stimulated buying, while the
publication of Mr. Goschen's gold reserve
proposals led to a demand for high class
stocks. British pa per cents rose IS on the
expectation that the 81 note scheme would
create special inquiry for this security, to
be deposited against notes. Bank of Eng
land stock advanced Pig. Rupee paper, in
sympathy with the rise in silver, advanced
a. In foreign securities, international
kinds were strong, chiefly owing to the
scarcity of stock at the settlement.
Portuguese gained 1ls and Spanish
and Russian 3s4. South Americans were
also higher, Chilian rising p Argen-
tine liz and Brazilian l. Dealings
IN American rails were specially light.
The limp condition of this market continues
to disappoint holders, who have for some
time been relying upon an advance based
upon the enormous traffic returns The Field
failure has had no disturbing effect on the
confidence felt here in the coming boom ::
but until distinct initiative come from Wall
street. neither spectators nor the public will
assist revival of activity. Yesterday the de-
partment was simply lifeleSs, little being
done during the official hours and nothing
being done in the street. The weeks varia-
uons IN prices include: Increases
Lake Shore, IA: Louisville d Nash
vile, "a; Central Pacific and Denver &
Rio Grande preferred. y each, Decreases
Northern Pacific, =; Union Pacific, 14 At
Gibson. "a; New York, Ontario d Western
New York. Pennsylvania d Ohio, Norfolk q
Western prefesred, Ohio and Mississippi and
Wabash preferred, I2 each Canadian Sc
M fHrfrr, l.
ond and third preferred lost p each
Among the miscellaneous securities the
feature of the week was the demand for cop
per shares, arising from the purchase of the
assets of the Societe de Metaux by the Credit
Industrial and the Securities Insurance cor
poraton.
Rio TintOs advanced 1Is on the week.
Brewery shares were stronger and Allsopps
gained "a. Commercial cable shares gained >
points.
PARIS, Dec. 6.-Business on the bourse dur
ing the past week was dull. Since the settle
ment was concluded, the tendency has been
good, though there has been little or no
speculation. The weeks rise include: Three
per cent renteS, 20 francs; Credit Foncier, 2I
francs; Rio Tinto, 2francs. New Russian
loan, made scarce by the government taking
up part of the issue, reached q premium and
afterwards relapsed to issue price
BERLIN, Dec 6.-On the bOurse during the
week business was fairly active, but prices
were irregular. There was steady demand
AOA SOON ih'OStl oeCulltitS. l ne ledUlnG
papers renewed their attacks on Russian
securities, their object being generally to
prevent German financieIs Tesuming negoti-
ations to take part in the floating of new
loans. Iron shares are in request and a re-
port from commercial treaty with Austria
tavOrs iron Industries. The final quotations
include: Prussian 4s, 1880; Mexican 6s.
So; Deutsche bank, 1870; Bochumer, lis:
Harpener 149; short exchange on London.
2l.32l2; long exchange OIL London, -;
private discount 2ls.
FRANKFoRT. Dec. 6.-On the boerse during
the past week there was little speculation
The general tone was firm. The final quo
tations include: Italian, $780,; Portuguese.
AZ; Russian, $3.50; Spanish. z2.25; short ex-
change on London, 20.34; private dis
pOuDf