St. Paul daily globe., 1891-03-16
FOREIGN MARKETS.
Doings Among Financiers Across
the Atlantic

tne AGt0nIic.
LONDON, March 15.-Discount was;
steady during the past week at 2115 for,
three months and 2 for short. The stock
early in the week was full of anxiety,
the financial difficulties in Paris, COM
bned with the unsettled position of a
London firm involved in the Argentine
financial troubles. keeping up the un
easiness. Since Thursday the tide of
depression has turned. The accounts
OF the firm alluded to have been audit
ed, or shown a good result. This
coupled, with the announcement that
the Morgans have completed az
rangementS to meet Argentine
payments, assisted in reyiving conf
dence. A cheerful tone perYadeS the
stock exchange, and though business
was moderate. prices advanced yeSter-
day all round. British funds have ad-
vanced during the week under
purchases on behalf Of the sinking fund.
The recovery of the silver market gave
an impetus to rupee paper. which ad-
vanced 12S. 1t would have been a
fraction better had not the rise been
checked by New York selling orders
yesterday. In foreign securities, Al
gentine national advanced 234. while
provincials were flat. falling A. on an
average. Mexican skies lost 134. Span
ish securities declined IL, owing to
rumors of all inSurrection i'll Cuba. Eng
llSh railway securities were irregular.
Scotch lines recovered from last
weeks depression. CaledOniau imprOv-
ing &, and North British 1${. Ameri-
Can railroads were slow. There was a
tendency to improve i'll response to
New York, but the market was listless.
f,E In l. <,f
American railway securities include the
following: Denver 4 Rio Grande pre-
ferred =; Northern Pacific preferred.
Ohio X Mississippi ordinary and At
lantic increased l each: Northern Pa
cific. Denver Il kio Grande common
aud Louisville 4 Nashville, q each :;
Lake Shore, New York, Ontario &
Western. Union Pacific shares, Wabash
preferred. New York. Pennsylvania Il
Ohio first mortgage and Denver Il Rio
Grande mortgages, = each; New York
Central, =. Canadian railway securities
were quiet. Canadian Pacific shows
a rise for the week of 55, while Grand
Trunk second preferences have risen
u, and first preferences l. Grand
Trunk fiyeS have declined |, and Grand
Trunk guaranteed stock Ia. The Sc
curitieS of the Mexican railway were in
demand. Ordinary went up So; sec
ondS, 81, and firSts %. NltrateS were
considerably bought and show an ay-
erage gain of II Primitivas advanced
213. In the department of miscellaneous
securities, American Investment pre-
ferred gained u, while Eastmans
dropped . and Rio Tintos a. The
Standard attacks American brewerieS
for announcing profits beyond what
they have earned. 1t says that ac-
counts cooked to order have en-
abled underwriters to unload upon
papers respond by defending the
breweries generally, though admitting
that some are insecure. The English
and American committees have agreed
upon funding Virginia bonds. New
bonds are to be issued in exchange and
deposited with the board of arbitration,
consisting of MeSsrs. Phelps, Daniel
and Braithwaite, who are to supervise
the division of the new bonds among
the various classes of holders.
BERLIN, March 15.-The bOerse was
quiet during tile week. A general good
tendency was shown. Bank securities
were firm. Industrial and coal shares
were weak, however, owing to threat
ened labor struggles. Iron declined
several points on the receipt of the re-
port that contracts for rails had been
concluded. The final quotations of yes
terday include: Prussian fours, l05.9O;
Deutsch bank, lG3.75; Mexican skies.
1920: roubles. $500; Harpeuers, 113;
short exchange OH London, 20.354 !;
long do, 20.34: private discount. 2s5.
FRANKFORT, March 15.-Prices were
steady during the week past. The
boerSe was quiet. The closing quota
tions Saturday included: Italian IS.
94.05: Russian is, 13S; Austrian silver
rente, 71.50: short exchange on London,
20.3G: private discount, 27.S.
PARIS, March 15.-On the bourse
prices showed weakness. arising from
the embarrassment of the Societe des
Depots ct ComteS Courants, but this
trouble finally disappeared. and every
thing closed very firm yesterday. The
final quotations yesterday show in
creases for the week as follows: Three
per cent rentes, 10 centimes; Credit
Foncier, Ia francs; Societe deS MetauX,
Al francs, and Suez Canal, 10 francs.