St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-05
Condition Of Finances Across
the BPiny EbeeD,

LONDON, Jan. 4.-There was no de-
mand for discount during the week
Money was plentiful. Discount rates
were quoted at 81 for six months, and
3 for short. Another million pounds of
gold is coming from Australia. The eX-
port inquiry has ceased. There is every
prospect of money continuing cheap.
On the stock exchange business has
been inactive. The settlement engaged
attention at the opening of the week,
and the exchange was closed on New
Years day. The business since
done has been largely in the shape
of investment buying. The tone or
every department is firm. Rupee paper
gained ~ per cent in sympathy with
silver. In foreign securities Argen-
tines have risen 219; Entire Rios
dropped ~ on the postponement Of the
payment of the coupons. English rail-
way securities are steady. The strike
in Scotland has ceased to affect prices.
American railway securities show dis
tinctly better tone. The investment
dealings of the last two days promoted
general advance, and the higher prices
reported by cable yesterday caused the
market to close almost buOyant. Varia-
lions for the week in prices of Amer
lean securities include the follow
ing: Increases Northern Pacific, A.;
Lake Shore and Union Pacific,
81 each; Mexican Central firsts,
9; Norfolk q Western preferred
~; Central Pacific shares, Denver d
Rio Grande first mortgage, Louisville u
Nashville mortgage, United New Jer-
sey and Denver x Rio Grande preferred,
l each; New York, Ontario & West
ern, "a; Denver u Rio Grande com-
mon. Louisville 81 Nashville. Mexican
Central common and Ohio d Mississippi
ordinary, q each; Erie, 135; Erie sec
onds, l; Illinois Central, \; st. Paul
common, ~; New York Central, 81 :;
Pennsylvania, "a; Reading, ID. De-
creases-Atlantic& Great Western firsts.
q. Canadian railway securities were
firm. Canadian Pacific shows a gain of
Is for the week. Grand Trunk of Can
ada first and second preferences show a
rise of each for the week, while Grand
vanced l. In the department of
brewery shares the collapse of
the firm of f. e. Dubedat q Son, stock
brokers, of Dublin, the head of which is
chairman of the Dublin stock exchange,
led to scare affecting for the moment
both English and American ventures.
The falls from this cause were after
ward recovered, except in the case of
Guinness, which shows loss of 215 per
cent for the week. The Dubedat firm
was supposed to hold 1895 IndianapO-
lis brewery ordinary shares, but it has
been found that the shares were trans
ferred as soon as the firm got them.
The securities of the Mexican railway
were strong, debentures showing an adj
vance for the week of 81, while ordi-
nary has risen 215. Among the mining
securities Rio Tinto ordinary fell off Is,
but the mortgages advanced "a. Among
the miscellaneous securities Bells AS
betos declined u. Hammond a and
American Investment Deferred "a.
PARIS, Jan. 4.-On the bourse the
past week the settlement in the foreign
department has been proceeding. Rates
were rather high. Business generally
was fairly active. Credit Foncier shares
show a loss of ~ francs for the week,
Rio TintOs loss of 81 francs and Pana-
mas loss of IL francs. Three per
cent rentes have advanced Is centmes.
The Paris municipal council has voted
in favor of ievying an octroi duty on
maize. The adoption of the measure
lays an impost of 4 francs per double
cwt. OH this grain when entering the
city, in addition to the ~ francs per
double cwt. levied upon it when enter
Ing France.
BERLIN, Jan. 1.-The boerse was
quiet last week. Prices were firm. The
closing questions of Saturday include:
Prussan consols, 1880: Deutache
bank, 1920; Bochumers, 149; Roubles,
$3.50; Mexican SKIES, 1926; short eX
change on London, 20.36; long ex-
change on London, 20.lSA; private dis
count, 471s.
FRANKFORT, Jan. 4.-During the
week past business on the boerse was
dull. Prices showed a tendency to
weakness. The final quotations of yes
terday include: Hungarian gold rente.
9l.S0: Russian fours, 9S.10; Spanish
fours, 1850: Austrian credit, ga; Aus
trian silver rente, 1910; Italian fves,
1920: short exchange on London, 20.34;
private discount, 455.