St. Paul daily globe., 1891-12-28
FOREIGN FINANCES.
Condition Of Business Across the
Broad Atlantic.

LONDON. Dec. 27-Discount quotations. last
week were pa for three months ana for
short. In the money market there is a dis
unct prospect Uf u decrease i'll resources. Be
fore business closed on Thursday, &j00OO0
iii gold was drawn for Germany, ana q fur
ther drain is imminent This withdrawal
combined with the Withdrawals usual at the
end of the year for internal circulation has
decreased the stock of bullion in the Bank Of
of England by tl, l22, 0%5. Stringency is now
a certainty until the middle of January
when the distribution of the dividends OF
British India and some colonial government
stocks will release large amounts of money
On the stock exchange the week opened
strong. Dealings then were even animated,
considering the Sc so but holiday feeling
aided by tie dense tOg. soon stagnated busi-
ness. The tone. however, kept good till the
close. American railway securities were
especially strong, mainly owing to Wall street
support. Operators here readily followed the
lead OF New York, and large business was
done in bonds. Many speculative shares par
ticipated Ill the rise. Operators believed that
every sort will benefit by the boom expected
to set i'll with the new year The variations
i'll the prices of American railway securities
during the four working days of the week in
clude the following: Increases - Wabash
preferred, 2; Northern Pacific preferred and
Wabash general mortgage, 2L2: Norfolk q
Western preferred, 1%; Louisville & Nash
vile and Union Pacific, 1l2; Central Pacific,
1; Athi ison "a; Denver Il Rio Grande COM
mon and New York. Ontario q Western, ~
the disappointment of bulls on traffic esti-
mates Grand Trunk first preferred dropped
ia and second and third preferred "a. Mex
lean railway was firm; tirsts and seconds ad-
vanced "a. In foreign securities, Argentine
National were a fraction better; Brazilian
declined 13; the announced payment of the
Portuguese January coupons caused an ad-
vance in Portuguese of ". The acceptance
of the Virginia debt funding scheme by the
holders had no effect on quotations. Among
miscellaneous securities, Rio Tinto gained
~; Allsopps dropped 2A.
PARIS Dec. 27.-BusiIess during the week
was of holiday character. Dealings yester-
day were almost dead. Increases include:
Three per cent rentes, Sc Credit Foncier
54 for Rio Tinto l2f. The feud of the Off
cial bourse parquet and the collussieurs con-
tinued. The parquet demands the entire
cessation of business outside of official hours.
a change involving the suppression of the
petite bourse. The coulisse will not submit
to this, as the change would result in the
quet persists in trying to suppress
the outside market the whole ques-
tion of brokers' privileges, which
are opposed by powerful enemies will be
raised in parliament The report obtains
credence that Russia is again feeling the way
for big loan. the threatened depletion OF
the treasury leaving the government no op-
ton but to raise money on any terms.
BERLIN, Dec. 27-Ihe boerse here was
closed Thursday afternoon for the rest of
the week, and throughout the time it was
open quiet prevailed. The tone of the mar
ket was firm, especially for Austrian stocks,
on the strength of the report that the Aus
trian currency question was definitely set
tied, the governments decision in the
matter being tor the resumption Of
specie payments on gold basis.
Bills authorizing the resumption OF
specie payments will be introduced in the
Austrian and Hungarian parliaments imme-
diately after the zollverein commercial treat
les are voted. The Austrian government also
intends to abandon the fiOrin and ADOPT the
mark as a money unit, thus further facilitat-
ing commerce with Germany. The closing
quotations of Thursday include: Prussian As,
1880; Deutsche bank, 147: Mexican Is, 80;
rOubles, pol: short exchange on London,
20.3ll2; long exchange on London, 2O.2212.
Sundays unofficial closing prices on the
Frankfort boerse include: Hungarian gold
rente, 91.S5; Italian 5s. 30 65; Austrian credit
24S.37.