St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-21
FOREIGN FINANCES.
Condition of Markets Across
the RiS. RrsuV

LONDON, March 20.-Dicount was not in de-
mand during the week past. The rates were:
Three months, Ia short, ll2. The plethora
OF money shows no signs of abatement. The
Bank Of England reserves continue to in
crease. The AustrO- Hungarian demand for
gold is entirely confined to the open market
There have been no Withdrawals from the
Bank of England of late from any quarter,
and an early reduction in the Bank of Eng
land rate is expected. On the STOCK eX-
change the week was an extremely quiet one,
yel prices were sustained. Confidence that the
immediate future will bring solid flow OF
business is general. The relief to the sus-
penSe regarding the Murietta difficulty and
the statement of the views of Mr.. Lidderdale,
governor of the Bank of England, on the
prospects of the Barring settlement give both
operators and the public the feeling that
steady progress toward better times is being
made. The silver market was dull through
out the week, with no inquiry, and only
small purchases for India, barely maintain
ing the quotations. Neither silver discus
sion III America nor the proceedings of the
currency conference in Vienna have affected
the market in the slightest degree. a promi-
nent feature of the week was the active
buying of Argentine railway securities which
show rise ranging from TO 10 points.
Argentine Nationals became stronger after
the Lidderdale statement and closed yester-
day LA up. Home railways became firm on
the end of the coal strike, the average adj
vance being "a. American railroad securi-
ties were stagnant, operators awaiting the
outcome of the i1qulring into the legality of
the Reading leases In the meantime deal
lngs here are confined chiefly 10 hrst-class
bonds, for which there is q steady demand,
Occasional buying orders from Wall
street give general kinds q momen,
tary squirt which is succeeded
by deadly dullness The weeks
variations in prices include the following:
Decreases: Lake Shore and New York, Penn-
sylvania q Ohio, each; Louisville y Nash
yer preferred, Missouri Kansas d Texas;
Norfolk preferred. Northern Pacific and
Wabash debenture i2 each. Increases:
Ohio q Mississippi, "a: Atchison. Topeka Il
Santa Fe, w. Canadian securities were
weak on cable reports TO the effect that labor
Trunk first, second and third preference fell
3. Mexican railway was dull ordinary
dropped ". In the foreign department there
was some selling of Portuguese securities,
which lost 49, Russian fell Us; Uruguay
gained IA Among miscellaneous securities
London and River Plate bank advanced 2;
Rio Tinto "A and Eastmans SIS.
PARIS, March 20.-The bourse was mani
mate during the past week. The settlement
passed off easily. Contangoes were light
Three per cent rentes fell SOC, Credit Fon-
cier 134f, and Russian securities 214f, while
Rio Tinto gained SAf. Panama canal is NOM
inal at II, the lowest recorded quotation OF
this stock.
BERLIN, March 20.-On the boerse during
the past week prices were irregular. Bank
and industrial shares were weak. Yesterday
russian securities again relapsed, owing
partly to Paris sales and partly 10 rumors
that the st. Petersburg firm of Junk has been
assisted by the treasury. The report that the
Russian finance minister refused Guenzburg
assistance to avert the recent collapse is
officially declared to be untrue.
The final quotations include the following:
Prussian tours, 10640; Mexican SKIES. 81;
Deutsche bank, 1880; Bochumer, 107; Har-
pener. 1885, short exchange on London,
20.4lI2: long exchange on London, 20.33l2;
private discount, 81.
FRANKFORT March 20-On the boerce dur
ing the week business was quiet. The final
quotations include the following: Hungarian
gold rente, 91.7O; Italian, S11U; portuguese,
IS 90; Russian, o. o.: spanish $50; Aus
trian silver rente, 70; short exchange on
London, 20.43; private discount 1875