St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-14
FOREIGN FINANCES.
Condition of Money at tn,
Trade Centers Of Europe.

LONDON Nov 13-Discount was very easy
during the past week owing to the abundant
supplies and foreign competition. At the
same time the low rates at which treasury
bills were allotted added 10 the weakness,
and caused decline to " for three months,
and "A for short. The rates. however, are
not likely to fall much lower, as any great
decline would revive continental inquiry.
Austria is only waiting for cheap market 10
increase her stock Of gold. while there are in
circulation rumOrS Tat Russia is ABOUT to
withdraw 92,00o, 900 in gold from England.
On the stock exchange business was fairly
active dealings being chiefly for investment
British and Indian funds showed slight
improvement. Foreign government securi-
ties. for the most part, had better tone.
Spanish bonds advanced one point South
Americans were we'll favored: Uruguayans
being especially strong and advancing ~.
Argentines and Brazlians advanced IA.
Chilians were depressed owing 10 the war
rumors and dropped iI2, but afterwards re-
covered ". In English railway securities
business was restricted. Sostheasterns
fusal to consider the proposed amalgamation
with the Chatham & Dover
Dealings In American railway securities
were very cautious until after, election day
When the result Of the election became
known prices receded, there being general
feeling that however beneficial the regime
may prove, 1t must produce disturbance
and uncertainty tniinieal to the interests OF
business. A more confident tone superyened
on Friday. and prices showed an all-round
recovery, but an unsettled feeling was again
dominant On Saturday. and caused appre-
ciAble relapses, though most stocks were left
with slight i'm provement OIL the week. The
weeks VARIATIONS include the following: In
creases-Denver & Rio Grande preferred, "a;
Ohio IL Mississippi ordinary, Norfolk q West
crn preferred. Louisville d Nashville and
Denver l. Rio Grande common, q each; Cen
DonS Go
ferred and Wabash preferred, Ia each.
A prominent feature during the week was
the extensive buying Of Canadian securities
on the assump tion that the election of MIR.
Cleveland would lead 10 modification Of
the Mckinley law. Grand Trunk first and
second preferred closed yesterday la higher,
a. higher. There was III active inquiry for
Argentine railways, resulting in rise of 9
points in Buenos Ayes and Southern and
South African mines, Wss animated, and
there WAS all all-round rise of from W to L.
Rio Tinto closed W higher. Reports Of better
business and the probability OF per cent
dividend caused an advance on Allsop brew
cry shares of points.
PARIS Nov. 13.-The dynamite outrage of
Tuesday last had no effect upon prices on
the bourse. Most International funds I'M
proved slightly. At the close yesterday
Spanish bonds were one point higher. Suez
Canal closed 20 francs lower, and Rio Tintos
7l2 francs higher.
BERLIN, Nov l3-The fear of unfavQrable
movements of gold has greatly supslded, and
the expected advance Of money has not &C.
Cured. On the contrary, the money rates
relapsed during the week, and showed
tendency to q further relapse. Conse-
quently stocks were much firmer. I'M
perial and foreign loans generally were
stronger, and coal anq iron shares continued
to advance. Spanish bonds closed yester-
day points higher, roubles closed 65 higher
on the strength Of report that the Russian
finance minister intends, to visit Paris on
financial mission. The final quotations in
clude: Prussian fours, lo6.9o; Austrian credit,
166 90 Deutsche bank, 161; Bochumer, 1884,
Harpener, 1874; private discount, 2l2; short
exchange on London, 20.53l2; long exchange
on London, 2U94I3.
FRANKFORT. Nov. 13.-Prices on the boerse
continued firm during the week past, and
there was general advance In International
STOCKS. saturdays closing quotations. in
GLIDING Hungarian gold rentes, $3.50; Aus
TRAN credit, 266. Private discount 70.