St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-18
FOREIGN FINANCES.
Condition OF sEOney Matters
Across the Atlantic.

LONDON, JAN 17-During the past week
discount was easy at for three months ana
liz for short. The money market was diSap-
pointed because there was no reduction in
Bank of England rate on Thursday. The eX-
treme abundance of money certainly JuSu-
fed the expectation of reduction. The
Bank of England directors, however. are APP
parentiy waiting for the influx OF revenue
payments to swell the reserve. when the
minimum is certain 10 be reduced.
In The stock exchange business was nota-
bly, contracted. Tine settlement engaged at
tenton. and the fact that remarkable num-
her of members are suffering from influenza
retarded dealings. The general tendency
was downward Rupee paper dropped l2 in
sympathy with lower silver. In the depart
ment of foreign securities the chief feature
was the selling OF Portuguese bonds, owing
10 the Portuguese cabinet crisis arousing the
suspicion that members of the ministry
might be implicated in the royal railway
financiering. ana the bonds declined la
for the week. There were no buy
ers of Spanish bonds, which fell a
in the week, while Chilians fell and Brazil
ans "a. American railway securities were
Irregular alternately but the latter condition
dominated. Dealings were very limited yes
terday and there was IN entire absence OF
street business. Settlement coniangoes
ranged from TO per cent. The weeks
variations in prices include the following:
IncreaSeS-Denver r. G. preferred. ia:
Union Pacific. "a Denver common, a. De-
creaSes-N orthern Pacific, 5S4 Atchison. ll2;
Louisville " Nashville, IL Wabash deben-
lures and Mexican Central each;
New YORK, Ontario & Western and
New York. Pennsylvania d Ohio a.
each; Central Pacific, Norfolk y Western pre-
ferred, Ohio and Mississippi and Wabash pre-
tered. y each; Canadian securities were
dull; Grand Trunk firsts, second and third
preferred lost 3; Mexican railways continue
10 be sold; in miscellaneous securities, East
mans and BelPsAsbestos gained u. while Rio
Tinto lost -. There was issued during the
week Sl,3490J0 in gold bonds of the Dallas &
Waco railroad. The Argentine gold premium
is 2SS. The Gillian government denies that it
intends TO negotiate loan in Europe. The
Scotch oil companies are expected 10 decide
at meeting on the 20th inst TO reduce their
production 10 per cent, while agreeing that
the Standard Oil company shall increase its
British sales by 400 ton. Several Scotch COM
panleS are expected 10 collapse under the
Standards competition.
PARIS. Jan. H.-On the bourse bids were
exceedingly good throughout the week past.
The settlement passed off easily Contangoes
were light. The hopeless situation of Por-
tugal, owing TO railway frauds involving the
highest officers OF the crown, the financial
straightS of spain and Russia and the bad
prospects for French commercial negotia-
tons everywhere combine to make boursiers
extremely nervous. The decreases for the
week shown by Saturdays closing prices in
elude the following: Three per cent rentes,
is centimes; Credit Foncier shares, 734 francs;
Rio Tintos, IF; Portuguese, 3l2 per cent:
Spanish, lie per cent, and Russian, ia per
cent
BERLIN, Jan lion the boerse during the
week business was quiet, and prices were
firm. y special feature yesterday was the
buoy0ncy of paper roubles which were
bought on Russian account. The final quota
tons Include: Pfussian fours, 100. 90; Next
can skies. 81; Deutsche hank, 1j5, 80; Boch
INNER. ll4. Harpener las; private discount,
1871; roubeS. 1920.
FRANKFORT Jan. lion the beurse dur
ing the week prices were firm, except for
Spanish and Portuguese securities, which
were freely offered. Today's unofficial clos
ing quotations include: Hungarian gold
rentc. %. 10: Italian, 9'60; Austrian credit
S5l. =; Russian, $3.50; Spanish, 10; Portu-
guese, 24.G0