St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-02-08
FOREIGN FINANCES.
Condition Of Money Markets
Across the Atlantic.

LONDON, Feb. 7.-Discount was in fair de-
mand during the week past. Quotations
closed at for three months and 1l2 for
short. There is nothing IN prospect which is
likely to raise the value of money for long
time to come. The silver market was steady
after Tuesday. wnen its lowest record,
Al 9-16d, was reached. This price induced In
dian banks to buy, causing fractional recov
cry.
y condition of weakness prevailed on the
stock exchange throughout, the public hold
ing entirely aloof. Rumors of financial
troubles here and in Paris and Boston in
duced speculative operators to curtail deal
Jugs. feeling of nervousness prevailed,
causing attention to be given to baseless re-
ports affecting firms of undoubted stability.
The feature of the week was the further an
nouncemenJ of dividends of the leading
railways which agree in showing increased
earnings, absorbed by the growth of working
expenses
American railroad securities were notably
sensitive and irregular throughout the week:
The rumored bank failure in Boston and
sales connected with the liquidation of
large speculative account together with a
general uneasy feeling, all combined to de-
press values. Yesterday better tendency
prevailed. the market being under the i'm
preston that an early rally is inevitable. The
street dealings were considerable. the
favorites being Philadelphia & Reading.
Chicago, Milwaukee d St. Paul and
American railway securities show the
the following. Demonstration, pig;
Union Pacific shares. 2A; Wabash debent-
ures, .; Central Pacific shares and Wabash
preferences. ~ each; Missouri, Kansas &
Texas and Mexican Central, 1 each; Denver
& Rio Grande preferred. New York, Ontario
& Western, Pennsylvania & Ohio first mort
gage, a. each; Denver Il Rio Grande com
mon, Lake Shore, Louisville d Nashville,
ordinary, " each, Increases-Norfolk d
Western preferred, "a; Philadelphia d
Reading. IL.
Canadian railway securities were dull.
Grand Trunk first and second preferences
lost ia each on the week and Grand Trunk
third preferences and guaranteed stock
each. The securities of the Mexican railway
were fiat. Firsts declined a for the week.
Among the miscellaneous securities GUM
ness brewery stocks gained on the week ana
Allsopps 1, while Primitive Nitrates gained
Is: Eastman's Meat company "A and Bells
Asbestos 1a.
PARIS, Feb. THE reports of an impend-
ing financial scandal disturbed the markets
for o Time during the week. Afterward
securities recovered their firmness, except in
the case of bank securities. which generally
declined. Panama canal shares were quoted
nominal at 10, the lowest they have ever
touched: Three per cent rentes advanced Is
BERLIN, Feo 7.-Business on the boeTse
was quiet during the past week. The
monthly settlement passed smoothly. The
Berlin bankers association has been formed,
the object being the joint protection of bank
lation of bankers commissions. The Ham,
burg Hypotheker bank is about to raise its
share capital to 100000 marks.
FRANKFORT Feb. 7.-On the boerse during
the week business was fairly active and
prices were firm. To-day's unofficial closing
quotations include: Hungarian gold rente,
90 10; Italian, 91.25; Portuguese, ALTO; Span
ish, 3d. Australian credit, 26l.