St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-28
FOREIGN FINANCES.
Condition Of Money in the Gem
terS OF EurOpe.

LONDON. March 21.-Dscount was in fair
demand during the past week at la for three
months and 1l2 for short Money promises
to harden slightly on the requirements nee
essary toward the end of March quarter.
The market has been rather disturbed by a
report that Ell 600 in gold has been with
drawn from the Bank OF England for Russia,
but it has ,ranspired that the whole amount
was collected in the open market and sent
to Russia by the ROthschildS. IL any
other drain occurs the Bank OF EnglandS
position Is strong enough to stand the With
drawal of one or two millions without max
ing a serious impression on it. slight
fall in silver was one of the leading features
of the week. One parcel of bars was offered
at 4JlSd, but found no buyers. 1t is reported
that there were some sellers under 40d-
Fears are general that unless the silver party
i'll the American congress succeeds IN bolster
ing up the price of the metal. u further fall
is inevitable. This prospect causes uneasi-
ness. If the price goes much lower dlffl-
culties will arise i'll Manchester and other
trade centers connected with Russia. The
fall in rupee paper was "a, and was es-
pecially heavy yesterday, owing to the silver
scare
On the stock exchange dnring the week
business was stagnant. Besides the depress-
ing influence of the state of affairs in the sill
yer market, the latest phase of the Behr1ng
sea dispute, and the russian demand for
gold had the effect of checking speculative
transactions. Dealings i'll the better class Of
and British funds scarcely moved through
out the week, while the best colonial govern
ment stocks were out OF favor Among the
foreign government securities, Spanish bonds
early III the week were heavily sold on for
eign orders, but recovered when IL was dis
covered that the fall was chiefly due TO
forged kilograms purporting to be sent by
leading French financier.
After the fraud became known, Spanish
bonds rose H. Argentine national bonds
In on, ha nd
British railway securities were heavy, owing
to the small amount of traffic, due to the coal
miners strike.
American railway securities were neglected
during the past week. No movement is pos
sible here until New York actively initiates
livelier time. Operators hold aloof, and The
public have ceased investing altogether In
fact this department Of the market was very
dull. Variation fof the week in
Guide the following: Decreases ORTIZ
ern Pacific preferred, 412; Wabash
debeptures Ia; Atchison, per cent ordi-
nary: Norfolk q Western preferred Union
Pacific shares, Wabash preferred and Lake
vile & Nashville, Missouri. Kansas " Texas;
New YORK, Ontario Il Western; Kew York.
PENNSYLVANIA d Ohio first mortgage and Ohio
& Mississippi ordinary, 4l2 each; Erie sec
ondSs, 7OS; New YORK Central, " each; St.
Paul common, "A. DEMONSTRATING. 1ls.
Canadian railway securities were depressed.
Grand Trunk first second and third prefer
ences all dropped on the week. Mexican
railway seconds lost 2, and the frsts 1873.
Among the miscellaneous securities bank
stock were weak, Hong Kong and Shanghai
declining Clip. Eastman's ordinary declined
SB on the week. II
PARIS, March 27.-Business was dull on the
bourse during the past week. AS a sign of
bad times two coulisse firms have decided to
liquidate their business at the end of the
month simply on account of the stagnation
In spite of the activity prices of the best kind
of securities were supported. During the
week per cent rentes rose soc, while Rio
Tintos declined 2Af.
The settlement of the Guenzbergs affairs
is progressing. The principal creditors and
amounts are as follows: In Paris. Eph russi.
174,000 roubles; Banbue Russo. 100000
roubles; Hoskier. 13S.000 roubles. In Berlin
Warschaued, 100000 roubles; Bank fur
Deutschland, 176,503 roubles; Deutsche bank,
110.S00 roubles. In London, Austrian bank,
81, 900 roubles; Schroders, POT, 700 roubleS.
In Hamburg, Warburgs, 100000 foubles.
BERLIN. March 27.-On the boerse during
the past week business was fairly active, and
prices yesterday closed strong The final
As, 1859; Mexican 6s. $3.50; Deutsche bank,
1880: Bochumer, Ill: Harpener. 125;
short exchange on London, 203l long ex-
change on London, 2034; private discount,
IA. The Hamburger American Packet has
declared dividend of 5 per cent. The profits
for 1891 amount to 5.400, 900 marks.
FRANKFORT March N.-On the boerse dur
ing the week prices were steady except for
foreigners which were weak The final quo.
tations include: Hungarian gold rentes,
92.2S; Italian. IS: Portuguese. $3.50; Russian.
93. 80; Spanish, 5S.f5; Austrian Ientes, 50.40;
short exchange on London, 20.42 private
discount, 19S.