St. Paul daily globe., 1893-03-27
FOREIGN FINANCES.
Condition of Business on tEae
EurOpsaan HsOUpSeS,

LONDON, March 26.-DlScOuDt rates
were steady during the past week at
~ for three months and 215 for short.
Market supplies have been reduced by
tax payments, and some April dividends
on conSolS have been advanced by the
Bank of England. Everything, how
ever. points to renewed ease after the
holidays, especially as it is abundantly
clear that the Austrian cur
rency requirements will lot seri-
ously affect European markets.
The latter have amassed 926,OOO,
600 sterling in gold and require
only e12,000,000 more, which will
be quickly Supplied by the open mar
kets, even if the United States exports
cease. Silver has been weak and un-
settled. A fall resulted from the an
nouncement of an increase of the Indi
an government drawings. The greatest
uncertainty of the situation in the Unit
ed States and India caused dealings to
be limited to the smallest amounts, and
the market is very sensitive. In spite
of the dearth of speculative activity
there has been fair inquiry for invest
ment stocks, and prices were main
tanned. Consols closed with decline
of 4 or the week. Foreign securities
were steady, and there were some un-
usually high quotations. Greek securi-
ties were much in favor, showing a rise
for the week of 81. Spanish advanced
IL, Egyptian preference l, Ottoman de-
fenSe l, Egyptian uniiiedI, Argentine
loan of 1886 dropped 155.
There was general advance in En-
glish railroad securities. Lancashires
and Yorkshires were favorably affected
by the settlement of the cotton crisis,
and rose %. Southwestern gained 4,
in spite of the, denial of the persistent
rumOr that the Cunard Steamship CON-
pany intends to divert part of It's trade
to Southampton American railway Sc
curltieS were inert and weak early in
the week, but advanced sharply on Fri
day and Saturday. Lake Shore ad-
vanced u, Erie II, Atchison II.
Union Pacific l. Central Pacific ., Den
yer d Rio Grande preferred p, Denver
dS Rio Grande common Il. Illinois Cen
trail, Louisville d Nashville. Missouri,
Kansas & Texas, Ohio & Mississippi and
Wabash preferred, Il each. Mexican
Central dropped 2, Norfolk & Western
preferred Il. Northern Pacific p, Wa
bash debentures %, Canadian Pacific
l, Grand Trunk guarantee q, Grand
Trunk first and second preferredM,
Grand Trunk third preferred Il. MeXi-
cellaneous securities, Guinness brew
cry ordinary fell q and Allsopp brew
cry a. Mine shares were fairly active.
PARIS, March 26.-An improved tone
was noticeable on the bourse through
out the week in consequence Of the gen
eral relief following the conclusion Of
the Panama trial. The more favorable
returns of the savings banks. moreover,
caused firmness i'll renteS. Three per
cent renteS rose 65 centimes. Credit
FOncier rose francs % centimeS,
Egyptian unified 8 francs 25 centlmes,
Spanish fours, If SC; Ottoman bank, II
soc; Greek fiyes, 20f; Rio Tintos, 63
centimes.
The city of Paris will raise shortly
loan of 116,000,000 francs, with which to
build sewers and improve the water
supply.
BERLIN, March 26.-Business on the
bourSe was depressed last week, par
TALLY on account of the uncertainty of
the political outlook, partly on account
Bulls on the Vienna bourse are
believed to be burdeued with
heavy engagements, and the VI
emma quotations have been SO
high that spectators in this city have
acted with great caution. The final
quotations we're: Prussian Is, 107.60;
Mexican 6s. S2.40; Deutsche bank, 166;
Bochumer shares, 140; Harpeners, 14O;
short exchange on London, 20.42; long
do, 20.3319; private discount. ~.
FRANKFORT, March 26.-Prices on
the bourse were firm throughout the
week. The final quotations were: Hun
garian is, $3.50; Italian 5s, 93.10; Por-
tuguese. ~; Russian 4s. 99.75; short
exchange on London, 2o.4S; private dis
count, q.