St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-05-30
FOREIGN FINANCES.
Condition of the Money Market
at European Centers.

LONDON May 29-Oiscount was not in de-
mand during the past week. The last quo
" per cent for short The Bank Of Eng
lands position continues to improve. The
ease of the money market is increasing.
Gold flows i'll from abroad, while export in
quiry is almost nil. Money appears LIKELY to
remain q. drug for months to come. The sill
yer market was featureless, the bulk OF bust
ness being for export to the East.
On the stock exchange business was
slightly more active towards the close OF the
week, when there was perceptible general
tendency towards improvement. The settle
ment Just over showed that business had
been almost wholly confined to purchases of
investment stocks. The increases of the
week in high class securities include an ad-
vance of "A in British funds and " in India
stocks and several colonial issues. Rupee
paper dropped v in sympathy with the frac-
tional fall in silver. Among the foreign gov
eminent bonds, Argentine nationals ad-
vanced 2l5 for the week. Brazilians 3A and
Spanish tours I u. Paraguayan bonds decline d,
on the announcement that the interest due
in July would not be paid. Italian securl-
ties fell ia on the political crisis in Italy.
English securities frightened under increas-
ing traffic, quotations showing an average
rise Of 1Ie to 34. In American railways
attention was chiefly directed to Atchison;
issues. 1t is taken as settled that The bond
holders here Will accept theOirectors' scheme
for dealing with the income bonds. Yester-
day fair amount of business was done in
Atchison and other railroads, and price
generally closed above the New York quo
tations The weeks variations in prices in
clude the following:
Increases-Atchison incomes, a Lake Shore,
134: Atchison ordinary. Ia; Denver preferred
and Union Pacific, "a each; Kansas q
Texas, ".
Decreases-Northern Pacific, IA; Louis
vile d Nashville. a.; Central Pacific, Erie,
Norfolk d Western preferred and Wabash
preferred, Y each: Canadian securities were
ence rose "a, and third preference l2. Mex
lean railway was heavily sold, competition
Ill traffic and rate cutting by the Inter
Oceanic having alarmed shareholders; tirsts
dropped Ole, seconds ga. and ordinary IA.
1t is reported that the competing companies
are considering pooling arrangement.
Among miscellaneous securities Rio Tintos
lost SIG and Eastmans u.
PARIS, May 29.-The course OF business i'll
the bourse the past week was languid and un-
decided. Prices generally were barely MAIN
tanned. Three per cents advanced Is cen
times for the week, while Credit Foncier
shares declined 10 francs and Rio Tlntos IA
francs. Italian securities were considerably
sold yesterday and fell " per cent Suez
canal shares gained 40 francs on the an
nouncement of all increased dividend:
BERLIN, May 29.-The bOerse was quiet lasl
week. The tendency of prices was favora-
BILE, however, especially in mining securities
which advanced owing TO forced rebuy1ng
by bears. Hopes of the renewal OF COM
mercial treaty negotiations wi tn Russia
through the cars coming visit assisted in
making quotations firm Saturdays closing
quotations include the folio wing
Prussan tours, 1906 80: Deutsche bank. 165;
Mexican skies. S6.75; Bochumers, 1877: Har-
peners, 1872; roubles PIC. 40; short exchan ge
on London, 2O.37l2; long exchange on Lon
don, 2J.34 private disco unit, Up:
FRANkFoRT, May 29.-Last week was dull
one Oh the bourse here. Prices had tone of
indecision. The final quotations include:
Hungarian gold rente, Oh: Italian fives, 9O.25;
Portuguese bonds. $50; Spanish fours,
sc 80; Austrian silver rente lilo; short ex
change on London, 20.59; private dis
count la,