St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-28
FOREIGN FINANCES.
Condition of the Money Markets
of European Centers.

LONDON. Nov 27-Discount was firm dur
ing the past week. Quotations yesterday
were: Three months, PA; short, "a. The
frmness of rates is due to the fact that the
supplies in the open market have been
steadily decreasing. The only marked feat.
ure of the week was furnished by New Yori's
gold shipments to Europe. which, If con-
tinued, win, it is thought. tend to counter
ened On the stock exchange the week
was a quiet one. There was q general
downward movement. This was followed in
British and colonial funds by slight advances,
the gains in the latter being partly due to the
success Of the Western Australian loan,
which was subscribed for twice over, and is
quoted at "a per cent. New South Wales
treasury per cent bonds 10 the amount OF
half a million sterling were also taken at par.
Foreign securities were in disTavor, the ma
iority 1eceding Argentine, Brazilian, Uru-
guayan and Chillan bonds all show fractional
decreases Portuguese dropped on report
that the January coupon could not De PAID,
but recovered somewhat on an Official
denial, closing, however, point below last
weeks quotations. The only noteworthy
advance was in Greeks. the 1881 loan being
ga higher. English railway securities were
largely sold, resulting i'll slight decreases:
Brightons were especially affected and
closed Ala lower, owing to unfavorable
traffic receipts. Great Western closed 1l2
lower, and Southwestern 1 point lower.
In American railway securities there
was general decline throughout
the week on New York sales; The
Decreases-Denver d Rio Grande preferred,
2@: Wabash mortgage bonds, 2l2; Lake
Shore, 2; Louisville u Nashville. Northern
Pacific preferred and Wabash preferred ia
each: Union Pacific shares and Atchison, 1l2
each; Atchson mortgage bonds, Norfolk d
Western preferred and Ohio d Mississippi
ordinary. / "a each; Denver d Rio Grande
common. NJ X. u Il. shares, "a each; New
York, Pennsylvania & Ohio first mortgage, Y.
Canadian railway securities were largely
each closed ia lower; do third preferred 1
lower, and do guaranteed stock W lower
South American railway securities shared
in the general relapse Buenos Ayres ana
Rosario 1 point lower. The activity III
the mining securities was checked during
the week. and most of those securities lost
part of the recent advance. London and
River Platte bank rose on the announce
ment of an sig per cent dlstrlbutlon' MAKING
1912 per cent for the year.
PARIS, Nov. 27.-Prices on the boerse were
maintained during the past week. but the
volume of business was small, as buyers are
holding aloof until the excitement i'll parlla-
ment has abated. The governments victory
in the CHAMBER and the success OF the Da-
honey expedition had good effect on the
market, but The effect was neutralized by the
Panama scandal. The movements OF the in
ternational funds were merely fractlonal.
Suez Canal. in spite of the continued decline
in receipts closed points higher. Railway
shares generally advanced 2@l0 points. Pan
anna canal closed 50 centimes higher.
BERLIN, Nov. 27.-The boerse was de-
pressed at the beginning of the week. owing
to the prospect of an increase of taxation,
hut the tone afterward became frmer. Coal
shares were especially dull on reports that
the task OF uniting the mines OF Westphalia
and Rhineland in a syndicate is proving very
difficult, chiefly owing to demand that the
larger mines shall have special advantages,
which the smaller mines are loath TO con-
cede International funds were frmer at
the eud of the week, but there was little
change to be noticed in the quotations. Bank
shares generally were lower The final quo
tations included: Prussian As. 106 90; Aus
TRAN credit, 16S. 60; Deutsche bank, 1870. 10;
Harpener, 1a9. Long exchange OH London,
1924.
FRANKFORT, Nov. 27.-Prices were weak
during the week, but closed firmer. The
final quotations include: Hungarian gold
rentes OF. %; Austrian credit. 1859; short ex-
change on London, 2015; private discount. o.