St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-11
ON THE BOURSES.
Condition of Finances at For.
eign Money CenterS.

LONDON, Jan. 10.-Money was plentiful
during the past week. Discount was easy at
for three months, and 1l2 for short. The
chief monetary feature of the week was the
semi-annual declaration of bank dividends
The Lnodon & Westminster bank announces
q dividend of 13 per cent against 16 per cent
don Joint Stock bank II per cent
banks maintain former rates viz: Al
lance bank, S per cent: City bank. II per
cent; Consolidated bank, 10 per cent: Imperial
bank per cent. The decrease in the Lon
don & Westminster's dividend is due
partly to the retention of greater cash re-
serves and partly to dull business. Unless
affairs brighten, bank shares generally show
a prospect of lower returns ON investments.
The silver market was notably weak through
out The demand for the cantinent slackened
and there was only small inquiry for the
mint. The decline for the week, Ad, brought
the price to 43l2d, the lowest since the au-
tumn of 1889. Rupee paper dropped "a j.
The foreign gold demand was light. The
only appreciate demand was from Germany.
and even there small amounts were taken.
The stock exchange did fair business
last week. The boom expected at the open
ing of the year has not come Off. In foreign
securities there were active speculations and
considerable fluctuations in Egyptian, which
finally stesdled at ~ decline for the week.
The others were firm. Portuguese bonds, on
the payment Of the coupons, gained liz.
Brazflians gained pa on the week, Argen-
tines and Chilians 1. In British railway
securities selling was good. owing to the bad
board of trade returns, and there was gen.
eral decline of from 1 to PA.
American railway securities were irregular.
The manipulations of Wall street operators
have been something of an enigma here. The
course of dealings early in the week indi-
Gated that New York was maneuvering for a
changes became heavy sellers. When the
reaction set in New York absorbed every
kind offered, and this checked the relapse
here till the recurrence of a fall in Wall
street yesterday led to renewal of selling
here. Variations for the week in prices of
American railway securities include the
following decreases: Denver e. Rio
Grande preferred, 5; Louisville &
Nashville. 2A; Denver & Rio Grande
common, Mexican Central and Northern Pa
cifc, 2 each: Wabash debenture 1M; New
York, Ontario & Western, New York. Penn
sylvania Il Ohio first mortgage and Lake
Shore. IL each: Union Pacific, 4; Atchison
and Ohio & Mississippi ordinary "a each !:
Central IA, and Pennsylvania 49,
Canadian railway securities were dull.
Grand Trunk first preferred dropped on
the week, and Grand Trunk second and third
lean railway were weak. Firsts lost 114 and
seconds y.
Among the miscellaneous securities, Peru
Wan corporation dropped la for the week,
ana PrlmltlVa N1trates rs, while Rio TintoS
gained ss and Eastman's Meat Company
shares 1s.
PARIS, Jan. 10-On the bourse during the
past week business was quiet, but prices
showed tendency to f1rmpess. Spanish Sc
curities yesterday declined a per cent on
rumors that the king of Spain was i'll with
influenza. Three per cent rentes rose dur
ing the week &c and Rio Tinto 1Sf, while
Credit Foncier dropped 20f and Russian Sc
curitles l "a per cent. Large parcels of the
hot oTa
coulisse marker from Paris financiers acting
for the Russian treasury, but coulissiers have
not responded. Inquiry showed that the
Russian finance minister has been trying
to dispose OF part of the residue of the loan
through Paris agents. The first orders to sell
were obtained by several members of the
official parquet who found that they were
unable to execute the orders, and who then
tried the coulisse. The inference is that the
Russian treasury, in spite Of the pretensionI