St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-09-07
FOREIGN FINANCES.
Condition of Money and Stocks
Across the Atlantic.

LONDON, Sept 6.-Discount was firm early
last week, but later the demand slackened,
and rates closed easy yesterday at PA for
three months and ll2 for short. On the
STOCK exchange business was brisk and there
was cheerful tone in every department
The lethargy OF several months past is APP
parently completely dispeled. American
railway securities continued TO lead the ad-
vance, the public investing largely in The
best kinds and operators buying everything,
relying apparently on the certainty OF secur-
ing profits. The bear element has for
time disappeared. unable to face all the pre-
vaiing tendency TO boom. A large portion
OF the advance was due to speculations vet
there Is much solid investing, indicating an
entlre restoration OF public confidence In
American railway securities yesterday ac-
tivity In dealings slightly relaxed, but the
rise continued despite cablegrams from New
York showing that business in Wall street
displayed a tendency to realize Selling
there was attributed here 10 the fact that to-
morrow is holiday.and wars not taken as an
indication OF reaction. Prices here closed
above New York parity. Variations for the
week in prices OF American railway
securities include the following increases:
Atehison. 4l2; Louisville & Nashville. 3L2;
Union Pacific shares and Denver 4 Rio
Grande preferred, each; Norfolk & West
ern preferred, Denver x Rio Graude com
mon. New York, Pennsylvania u Ohio first
mortgage and Erie. la each; Wabash pre-
ferred and Northern Pacific preferred. 1I2
K,
Ontario & Western and Central Pacific shares,
"a each; Illinois Central. III ST. Paul com
mon, $50: New York Central, 2: Pennsyl-
yania, rs. Canadian railway securities are
in fair demand. The Chicago section
of the Grand Trunk is considered
moval Of the German prohibitions
of American pork imporiations, and partly
in consequence of this belief. Grand Trunk
second preferred advanced ll5 on the week;
Grand Trunk LIST and Sd preferred and guaran-
teed stock one per cent each, and Grand
Trunk ordinary ~. The securities of the
Mexican railway were irregular, but closed
" per cent better oil the week.
Among the foreign securities Argentine
funding loan has advanced ia and Cedulas
pa. although Buenos Ayres adviees describe
the financial situation as worse: CHILEAN Sc
curities were largely bought in and gained
3I2 on the week, while Brazilian bonds
gained IA and Nitrate railway shares and
Peruvian corporation bonds "a each. OF the
miscellaneous securities Guinness shares
lost 2 per cent on the week. and Eastman's
H. while Bells Asbestos gained IS.
PARIS, Sept 6.-The settlement just con-
cluded showed heavy bear accounts. Money
is abundant and contangoeS are easy. The
dealings on the bourse during the past week,
however, were slow. but prices closed firm
yesterday; per cent rentes advanced 80
confines Oh the week. Credit Foucier shares
"a francs, and Bank OF France shares pig
francs; Panamas declined 3A francs on the
week. Ihese SnareS. originally at JOO francs.
are now quoted at % francs. the lowest NOM
inal price reached Banker Hoskier is trying
to form q syndicate OF inanciers to take a
big share of the projected Russian 3 per cent
gold loan.
BERLIN, Sept. 6.-On the hoerse here there
was an advance in prices towards the middle
of the week past but reaction followed.
Dealings yesterday were chiefly in the line Of
realizations Reports of failures in the corn
trade added 10 the dizziness of the market
Loo, nod
curities generally " per cent Yesterdays
closing quotations include Prussian Is, 1882 !;
Deutsche Bank, 145; Ronbles. PA; Mexican
6s, 1919: Boehumers, Ill: Harpeners, 49,:
FRANKFORT. Sept. Con the boerse here
yesterday, in sympathy with the weakness
of prices on the Berlin ana Vienna boerses.
foreigners declined " per cent. The closing
quotations included: Italians, $3.50; Portu-
Tours. H. 40: short exchange on London, 20 "a:
private discount, 33A.