St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-10-03
FOREIGN FINANCES.

LONDON, Oct 2.-In the face of rising rates
on the continent discount rates have re-
manned nominally unchanged during the
past week. At the beginning of the week
the borrowings made, as customary toward
the end of the month had only d temporary
hardening effect. The release of consols
dividends during the coming week is likely
to cheaper money for time. But the alb
sorptlon OF gold for the Austro- Hungarian
loan, through the Egyptian cotton crop and
because of American demands will soon
restore present rates. Without great activ-
1ty, the transactions of the week on the
stock exchange showed signs of increased
business. The settlement claimed the most
attention. A very heavy account III foreign
securities was settled without difficulty.
Heavy sales of consols continued to be made
till Thursday. when repurchases by gov
| eminent broker caused a smart advance
All British and colonial funds and British
railway securities were steady One of the
features of the foreign market was the en-
couraglng advance in South American Sc
curit1es, notably in Argentine national loans
which were largely bought at better prices
Greek and Spanish securities were also
higher. With occasional unsfeaGn Amer
lean railway securities have been
lent opinion here concerning Louis
villes has discounted any possible further
contraction of dividend Atchisons con-
tlnued to raise on Boston buying No great
stir is expected in the American market be.
fore the presidential election. The week.
variations Iii prices include the following:
lncreases-Atchison, mortgage l12; Louis
vile d Nashville, l. Atchison ordinary and
Northern Pacific. "a: Denver mortgage, Lake
Shore, and Norfolk q Western preferred, I2
each: Ohio d Mississippi declined Ia.
Grand Trunk OF Canada was moderately
supported and advanced a fraction on the
better traffic reports. There was some selling
of Mexican stocks, which fell heavily on
Door traffic returns There was an active
emand for South African mining ventures
PARIS, Oct 2.-On the bourse during the
past week rentes were quiet, owing to reali-
cations mace IN anticipation of the settle
ment. The tone of foreign securities was
rather better. The movement against the
petite bourse is merely another step of the
'parquet toward the suppression of the
cou nsslers. should the government grant
their petition to suppress the petite bourse
and it is considered likely, the .'parauet'
brokers may find themselves face to face
with agitation OF the suppression OF their
monopoly OF Dourse business, and thus
overshoot the market. Spanish bonds ad-
Vanced point FOR the week. Greek bonds IL
points and Rio Tintos points Suez canal
share fell ii francs for the week
BERLIN, Oct 2.-On the boerse business
the past week there was an underlying ten
dency decidedly toward weakness and I'M
steadlness. The attempt of group of op-
orators to force an advance in coal and iron
shares failed. Bank shares were dull The
public left all speculation to professional
operators and another dull week must be
recorded. The closing quotations OF yester-
day include: Prussian is, 10Y; hungarian
gold rente, $3.50; Duetsche bank, 16S SO /;
| Bochumers, 1876; Harpeners, 1873; private dis
count, Us. Yesterdays closing quotations at
Frankfort include: Hungarian gold rentes,
| $3.50; Mexican Is. II 90