New-York tribune., 1891-05-14
EUROPEAN BOURSES FIRMER.
THE FINANCIAL SITUATION IN PORTUGAL
IMPROVED.
CENSORSHIP OYER TELEGRAMs IN LISBON
"A SHARP RECOVERY IN INTERNA-
uoNAL SECURITIES ON THE
LONDON STOCK EXCHANGE
UNEAsINEsS IN THE
ARGENTINE

Lisbon May 13.-The financial situation improved
today Many private officers cashed notes. ON the
produce market specie appeared to be abundant and
there was no difficulty cashing notes stockholders
received many purchase orders for rentes. and had no
selling orders.
II is reported that several Of the Cabinet Ministers
OPPOSE any scheme for relieving the financial strain
which may involve the issue Of paper money. On the
other hand it Is stated that the Bank OF Portugal
has been authorized TO issue threefrsnc notes. the
run on the Mount Piete continues.
Senior Carvalho, ex-Minister OF Finance, replying
TO-DAY 10 a deputoton of workmen who called upon
him with the object OF obtaining his views upon the
financial situation, said that he had the Governments
authority for stating that measures had been taken 70
provide an abundant supply Of small coin In order 10
facilitate the transaction Of business
Madrid, May 13.-Advices from Lisbon say ucit a
severe censorship has been placed over kilograms sent
from or into that city. Even news teegrams destined
for The Official Journal" have been stopped
The welLknown political economist Coello mas
written letter in which he says that Portugal mas
colossal dehct ruinous loans contracted upon i'i-
initiating terms and that she is confronted by monetary
industrial and political crises of the most threatening
kind.
Paris Nav 13-In an interview to-day member Of
the Portuguese Legation this city declared that the
present crisis in Portugal was purely OF hnahcia
nature and that political sentiment had nothing 10 90
with it. He added that the Republicans In PortugaI
were losing ground owing TO tho disastrous chects VI
the establishment Of the Republic in Brazil and they
had not single capable Of directing rcvouton
Senor Betanero Montenegro, member ofthe spanish
Chamber of Deputies, has been interviewed in rgau
to the Portuguese crisis He said that upon the hls
attempt TO establish republic in Portugal, senor
Canovas del Castillo, the Spanish Prime Minister
would nterpose and assist the monarchy to resist any
such movement.
A decided check was placed on the downward move
ment On the Boure to-day by "bear" repurchases and
plentiful buying orders at home and from abroad Al
the close there pronounced rise all around.
Three per cent rentes SO centimes Italians.
per cent; Russians, 49, Spanish 3-S; Portuguese,
nearly 8; Credit Foncer. 15 francs; suez Canal FL
francs: and Rio Tfnto, % francs. Discounts were
easier.
London NAV 13-The mfney market to-day was
still sensitive The lending houses were cautious. and
would deal only at high rates The influx OF gold INTO
the Bank of England and report that the Rothschds
would send large quantity of gold here tended
to disspate the fears that there would be rise in
the rate of discount.
Lisbon advices and frmer Paris prices on the re-
pot that powerful bankers had to the rescue OF
the French operators, caused sharp recovery on the
Stock Exchange in all international securities Portu
gIese rose Ia per cent and Spanish ia Aller
varied fluctuations Russians improved per cent
American railroad securities opened weak but at inc
close all quotations above last nights prices eX
cept however South American, which were rather
weak on the advance in the premium on goin III
Buen0s Ayres. -
Berlin, May 13.--The movement Of securities on the
Borse to-day has been Irregular leaving only changeS
of an unimportant Russians were rather
| heavy. -,
| Frankfort May 13.-The Bourse to-day was AMI.
| mated, and large amount of business was doc.
| Portuguese have fallen nearly per cent
Vienna, May 13.-Prces on the BotrSe were nrmer
| to-day. - ~, l., -,
| On the BOursc to-day. Spectator in stocks uI-
| nerved by the decline. committed suicide.
| Buenos Ayres May 13.-The favorable impression
| produced by President PcligriniS speech upon the
| opening of Congress May 10 Is declining in conse-
0uence of the belief that the Commission appointed
to inquire into the condition of the State banks will ad
| vocate issuing paper currency.
| Gold closed yesterday at 272 premium