St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-05-09

are about to be further increased by the pay,
ment of treasury bills aggregating 81, 100000
AT the same time there is no
inquiry in the open market for
export bullion. In fact, the plethora
of money is embarrassing the banks. and
some of them are SO loaded with deposits
that they are reluctant to grant any interest
on them. During the week silver fiuctuated
slightly. The market had show of strength
till Wednesday, when the meager allotment
of India council bills caused a reaction.
Later. the price hardened, owing 10 per
ceptible demand for India, closing yesterday
at 397hd for bars, with Mexican dollars 3sMd.
Rupee paper was also Letter. advancing W
for the week. The leading feature on the
stock exchange was the expansion of the
urities The revival has not yet
touched speculative stocks, but the
activity of the best class is certain 10 extend
soon. The refusal of bankers to allow inter
est on fresh deposits diverts money to the
stock exchange. causing stream OF invest
ing orders British funds were in demand
during the week, and rose W, India loans
and colonial government stocks advanced
"a to 2. Foreign securities were strong.
Portuguese gained Up On favorable rumors
about the new loan. Greek securities rose
3 on the prospect of the Greek elections
assisting the financial position of the nation.
Argentine securities rose ia under The IN
fiueuce of the decline of the Argentine gold
premium and the quieter political situation
in the republic. English railway securities
benefited from the investment demand ana
from good traffic reports. the average rise 1oI
the best kinds being 1l2@3. This upward
movement did not affect American railroads.
Some inv estment dealings helped to strength
en- prices. but operators. awaiting, as usual,
an impulse from New York, are still apa-
thetic. Tentative movements here appear
TO be powerless to give spring to this depart
ment Dealers have been predicting an early
boom, in the face of the fact that every con-
dition favorable for a revival has been
neglected by New York. Variations for
the week in prices of American railway
securities include the following: Increases
Lake Shore, a.; New York, Pennsylvania d
Ohio first mortgage and Atchison, W each;
Erie seconds, rs; Pennsylvania, y. De-
creases-Wabash debentures. "a; Mexican
Central, Northern Pacific. Missouri Kansas
d Texas, and Wabash preferred. " each;
Denver d Rio Grande preferred and Union
Pacific shares, ~ each.
Canadian railway securities were weak.
Grand Trunk second preferred relapsed
on the week and do first and third prefer
ences "a each There was some inquiry for
securities of the Mexican railway. and sec
onds advanced la on the week, hrsts W. ana
Among the miscellaneous securities the
Eastmans shares gained "A on the week. and
Rio Tintos ls.
Among the security issues placed on the
market last week are the Illinois Central
railroad, S3,000.000 of / per cents; tJ0IOO1 OF
South American cable Stock, Ill stl0 shares;
and $500 600 of the Mexican 4 Central Amer
lean railway mortgage skies. Inc Anglo
American Debenture corporation has de-
clared dividend of 6 per cent.
PARIS May S.-There was an easy bourse
settlement last week. Money was abundant
and prices tended toward firmness, although
dealings were slack. Three per cent rentes
advanced IS centlmes on the week, Creolt
Foncier shares Is francs, and Rio
Tintos ga francs. The "boursiers" have
finally forbidden coulissiers to deal IN
Russian. Italian or French stocks, or to do
any business except during official hours.
The coulissiers propose to start q Tree Dou1se
and this will open the question OF bourslers'
privileges of which there are many adyer-
sarles in the chamber of deputies.
BERLIN. May S.-Bus1ness on the boerse
during the week was limited, but prices were
firm. The final quotations include: pruS.
sian fOurs, 1860; Deutsche bank, 169.3O;
Mexican skies. $3.50; Bochumer, llS; Har-
pener, 142; roubles, 21540; short exchange
on London. 20.42; long do, 2U.3tl2 private
discount, 1SB.
Bleichroder and Hausemann have agreed
on the terms of the Hungarian conversion
loan. All 5 and 4l2 per cent loans are TO Do
converted into per cents.
The Austrian government aims to complete
the operation and begin the currency re-
forms in July.
FRANKFORT May Son the boerse during
the week the business was quiet, but the
tone was good. Portuguese securities rose
ia Yesterday on q report that the french
syndicate had taken the Portuguese loan.
The final quotations include Hungarian
gold rente, 90; Italian. $3.50; Portuguese,
so 90: Spanish, COLO; Austrian silver, 1918;
short exchange on London, 2O43; private
discount, Us.