St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-04
FOREIGN FINANCES.
of Money Matters
Across tgae Atlantic.

LONDON, Jan. 3.-Discount was not in de-
man0 during the week past; the last quota
tons were three months 2l2; short 1s4. The
money market is unsettled. Although at
present supplies are plentiful. the prospect
for shipments of gold to Argentina, Russia
and Germany-to the last named country in
connection with the Hungarian return to
specie payments-makes the situation uncer-
tain. The immediate outl ook is for greater
ease, but subsequent stiffening of rates
under serious drain of gold appears lnevi-
table.
With the beginning of the new year the
stock exchange opened strong. A hopeful
feeling prevailed in most departments
throughout the week. Despite Interruptions
of business, caused by the final settlement of
the year and the holiday season, dealings
were brisk and prices firm, and the public
bought largely of every fairly sound secur-
ity. Thus British railway securities, which
had long been neglected by investors. were
largely taken, and there were consequent ad-
vances for the week ranging from / u to Alp.
American railway securities maintained
their lead Every kind was bought the best
stocks attracting investors, and the more
speculative benefiting by the general bull
movement. The stock market yesterday was
the most active known on a Saturday for
long time. though the final prices were only
about the closing quotations in the hour. The
weeks variations in price include the fol-
Union Pacific. 3la;. WABASH debentures, 81;
Norfolk preferred. 2lR; Louisville d
Nashville. 1s4; Denver ordinary, Mex
lean Central, New York, Pennsyl-
vania & Ohio. Northern Pacific and
Ohio & Mississippi, 1l2 each: Lake Shore,
liz; Central Pacific and Atchison, Topeka 4
Santa Fee, each; Wabash preferred. I2.
Canadian securities we're stronger; Grand
Trunk third preference rose IA; and do first
and second preferred and Guaranteed each.
Mexican railway was in demand; seconds
gained pa and ordinary and firsts 2. In the
foreign market the failure of the Spanish
loan mad lowering effect: Spanish dropped
IFS; Portuguese, 1sS and Egyptian 81, but
Hungarian gained III. Among miscellan-
actively sought, debentures rising 6, and pre-
ferred 6: Gilmore Copper advanced 1I2:
Primitive Nitrates rs and Rio Tinto "a, while
Eastmanslos "a.
PARIS, Jan. 3-There were comparatively
few dealings on the bourse during the week
past. The tone of the market, however, was
good, and the rentes settlement yesterday
was easy. Three per cent rentes declined 20
centimes on the week, while Credit Foncier
shares rose 34 francs and Rio Tintos IA
francs. Spanish bonds and Portuguese bonds
as well, declined 34 francs A Bank of
France renewal bill has been presented to
parliament. The Credit Foncier has declared
an interim dividend of 30 francs, the Credit
Lyonnaise dividend of 30 francs and the
Banque de Paris one OF 20 francs
The annual reports of several Swiss banks
show heavy losses, and even the wipipg out
of reserves and share capital. For instance
the Schweizerische Effecten bank, in Basle
has lost its reserve of 500,0U0 francs and near
IL 5000, 600 francs Of its capital.
BERLIN, Jan. 3.-The boerse was quiet
during the past week; prices were firm. Sat
urday's closing quotations include Prussian
tours, 106; Deutsche bank, 1870; Mexican