St. Paul daily globe., 1892-06-13
FOREIGN FINANCES.
Condition of Money Across the
Briuy Deep.

LONDON June 12-Discount was inactive
during the past week; quoted at "a Tor three
months and " for short. The suspension OF
the new Oriental bank had no disturbing ell
feet The losses of the money market was
small, as bill brokers had long been unwlll-
ing to take the banks acceptance. The In
dian banks were prepared for run on tnelr
resources, but found the precauuon un-
necessary, the public in India and CHINA
taking no alarm. The failure caused tenn
porary rise III silver OH demand Tor remit
tances for the East, but the. special
demand ceaslng, the prices relapsed, leaving
Off 4d higher on the week. On the STOCK ex-
change business was resumed after the holl-
days in half hearted way, being best yester-
day, when generally stronger tendency was
developed British funds were hrmer.
Rupee paper advanced ll2. The feature III
the foreign department was the depression
in Portuguese securities. due to the refusal OF
the Portuguese ministry to ratlfy the con-
vention for a new loan; the fall Tor the week
was 5S4 French rents lose under buying
orders from Paris. English railways owing
to good Whitsuntide traffic, show general
rise of II2@2. American railroads were IT.
regular ,,.,
Depressed early in the week, they rallied
on Wednesday, and there was some active
buying until Yesterday when New Soi d1rh ri sell
ing sent most kinds down. The weeks Varl-
atoms in prices incluoe the following; IN
creases-NortheIn Pacific, 1%; {. " NJ ];
Mexican Central, ~; Atchison income bonds,
Missouri, Kansas d Texas, ana Nor1olk "
Western preferred, ~ eacn: Decreases
Lake Shore. /; Union Pacific shares and
Wabash preferred, "a each; Denver Rio
Grande preferred, Louisville q Nashville,
Wabash debentures and New YORK, Ohtarlo
d Western, I2 each; New York Central, l;
Canadian railway securities were hrm our
ing the week past Grand Trunk first pref
erences advanced ia for the week, ana
Grand Trunk second and third preferences
"a each. The securities OF the Mexican
railway declined under sustained Dearlng.
Seconds fell ia for the week and tirsts and
ordinary 1I2 each.
Among the miscellaneous securities brew
cry shares were weak. Guinness decnneo
and lI5 AlsOpps 1A. Among the eastern
bank stocks North British Australaslan lost
tile of India3Ia.
PARIS. June I2.-On the bourse the past
week prices were firm, and business was act
i've. especially in Tentes and railway securl-
ties Three per cent renteS advanced
franc % centimes for the week, and there
was an average advance in railway securities
of 27 francs. Rio Tintos lost 5A francs for
the week Panama canal shares, which were
again quoted. fell 1l2 francs.
BERLIN, June 12.-Prices on the boerse had
a good tendency during the past week. Home
funds and foreign bonds all advanced, and
mining and industrial securities, as well,
partook of the upward movement. The hnal
quotations include; Prussian fOurs, 106. "a;
Deutsche bank. 16S: Mexican SKIES. 1918;
Bochuners, 1888; Harpeners. 154; Roubles,
21360; snort exchange on London, 20.3S; long
exchange on London, 2O.33; private dis
count Us.
a syndicate. composed OF Berlin and
Frankfort capitalists, is negotiating with the
Italian government to take 100000 lire of
the new railway bonds.
FRANKFORT, June 12.-During the week
past prices on the boerse here were firm in
sympathy with the excellent tone of the Ber-
lin and Paris markets.. International stocks
were especially strong. The closing quota
tions of Saturday include: Hungarian gold
rents 94.25; Italian 5s. 9l.60; Portuguese
bonds, 80. IS: Russian As, $500; Spanish As,
Go 25; Austrian silver rents, 7i.1O: short ex-
change on London, 20.39i private dis
count, 134