St. Paul daily globe., 1891-10-05
FOREIGN FINANCES.
Condition OftIle Money Markets
of EEsP0ne.

LONDON. Oct. 4.-Dlscount hardened dur
ing the week past, the closing quotations be-
Ing three for three months and "a for short
Some houses being convinced that the Bank
of England rate will be raised next Thurs.
day, refused paper under a. Every depart
meut of the stock exchange was quiet until
Friday, when Wall streets turn for the bet
ter sharply enliyened dealings. Throughout
= the recent depression i'll American rail
way securities there has been a steady
undercurrent of investing, the moneyed
public apparently having firm
belief that the prosperity of the United States
assert Only speculative operators had
slackened Off and they resumed operations
on Friday. Business increased yesterday,
and there was a fresh start upwards which
seemingly promises to be prolonged in an
important movement. The closing quota
tions were the highest of the week. although
in a number of instances the advances were
not sufficient to cover previous falls. The
weeks increases include Lake Shore, ga;
Central Pacific 1l2: Denver Rio Grande
preferred, l; New York Ontario & Western
and Norfolk & Western preferred,
y each. Decreases: Atchison, 1A; Wa
bash preferred, ia: Union Pacific, 1;
Northern Pacific, "a; Louisville 4 Nashville
and New York, Pennsylvania & Ohio, l2
each. Canadian securities shared in the
fiuctuation. being depressed early in the
week, and recovering later, Grand Trunk
second preference closing 1c higher, and
Grand Trund first and third preference "
higher. Mexican railway was sold heavily,
firsts dropping "a: seconds 24i, and ordinary,
1l2. English railways were weak through
out, with relapses averaging 101114. In for
eign securities Argentines were depressed by
the sharp advance of the gold premium and
the announcement of q further issue OF
paper money; Argentine loau of 1886 de-
clined points, and others 2I2 Chilian
gained S4. Among miscellaneous securities
Anglo-American telegraph rose 2s4, and Ell
more Copper, u, while Bells Asbestos
dropped "A, and Eastman's ss.
PARIS, Oct. 4.-On the bourse during the
week business was restricted, aud prices were
barely maintained. Three per cent rentes
declined % cents; credit fOncier, 10f: and
Rio Tinto, 3l4f. Bank of France gained 1I4f
The Bank of France sold eagles and other
foreign coin freely, decreasing its gold re-
serve is, S,010, COZ francs, the drain being chiefly
to Germany. The syndicate which is finan-
ciering the Russian loan circulate the report
that the loan will not necessitate an impor-
tant export of gold, and that the bulk will re-
main here to meet the demands of the Rus
sian treasury as required.
BERLIN. Oct 4.-Business was fairly active
on the boerse during. the week, especially
yesterday, bears seeking to cover their posi-
tions buying largely. Press attacks on Rus
sian securities assisted to knock the prices
OF rouble paper down from 2l7 early in the
week to 2l5.10. There was some buying to-
ward the close which strengthened Russian
fours Prusslan and German consols were
in demand at a fractional rise The final
quotations include: Prussian fours 1Cj 20:
Mexican skies. SS25; Deutsche bank 1880;
Bochumer, l25i Harpener, 1S1; short ex-