St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-23
ON THE BOURSES.
Condition of Finances at the
European GenterS.


PARIS, Jan. 22.-Plices on the bourse
during the past week were firmer than
during the preceding week. lnterna-
vances. Egyptians closed l higher.
There was heavy buying of rentes on
the part of the public, which appears to
have recovered Its calmness. Railway
securities are rising steadily, and show
advances varying from 10 to 40 francs.
Banks make similar favorable show
ing, Bank of France closing 70 francs
higher, Bank Of Paris 81 francs higher,
and Credit Foncier 40 francs higher.
SueZ Canal closed 33 francs higher.
BERLIN, Jan. 22.-An unsettled fog
prevailed OH the bourse during the past
week, but the undercurrent was good.
International funds show slight i'll
creaSes. Russians closed point higher
The final quotations include: Austrian
credit, 1880; Deutsche bank, 1875;
Bochumer, 1l6; Harpener, 1875; short eX-
change on London, 20.3S; long exchange
OIL London, 20.3l.
FRANKFORT, Jan. %. Prices on the
boerse were Irregular during the week,
but closed firm. International funds
fluctuated slightly. Hungarian gold
rente closed at $3.50, Austrian credit at
go short exchange Oh London at posi-,
private discount at II.
LONDON, Jan. 22.-The rise of foreign
exchange rates, notably OH Paris, upset
the calculations of the money market
during the past week. In spite of the
revenue payments, discount values
weakened to "A for three months and
% for short. French bankers in London
have recently been taking gold in order
to augment the reserves or the head
offices i'll Paris and to pro-
vide for possible contingencies
arising from the political alarm
but partial subsistence of the appre-
hension and the arrival of heavy sup,
plies from America have oDviated the
necessity of forwarding the gold, which
thus will remain here. a more hopeful
feeling prevailed in the stock exchange
during the week, and a heavy invest
ment business was transacted owing to
the cheapnesS of money. British
funds ard corporations stocks were
in good demand. Colonial securities
continued weak owing to the Impend-
ing issue Of the new Queensland loan
and the probability of South Australia
and Victoria becoming borrowers.
Rupee paper advanced slightly owing to
the steadnesS of silver. There is
general belief here now that no imme-
diate change will be made by the United
States government with regard to the
purchase of silver. There is also ru-
NOR that the Indian currency commits
sion Will recommend to present altera-
ton of the coinage regulations.
The closing quotations of foreign
securities shows small advances for the
week. Spanish and Mexican bonds
closed q higher. The Egyptian incl
dent had hardly any effect upon the
market. Even when things looked the
very worst Egyptian unified debt bonds
declined only 4, and the loss was re-
covered immediately after Great
Britain's action became known.
strong, owing to the good dividends
announced; Great Eastern advanced 2;
Metropolitan 3, and North British u,
while other roads made similar gains.
American roads were very firm on New
York'S initiative. Business was more
active than it has been for long time
past. Extensive purchases were made
ON home and foreign account. The
dealings. however, were not in behalf |
of the public, but chiefly Oh professional |
account.
Should abnormal gold shipments cause |
scare in New York there would prob |
ably be very heavy fall here, seeing !
that the market has not the backbone of |
the public to give 1t support. The
weeks variations in the prices of Amer
lean railroad securities include the fol- |
lowing increases: Denver 81 Rio Grande |
preferred and Louisville u Nashville, |
81 each; Northern Pacific preferred, ~; |
Wabash mortgage bonds, l; Denver q Rio |
Grande common aud Wabash preferred, |
d each; Lake Shore, Norfolk & West
each. Grand Trunk of Canada shows
general advance of d. Mexican rail
way was largely bought; ordinary |
closed II higher, seconds, II higher,
and firsts, 8 higher. Buenos Ayres and |
Rosario railway advanced 3. There was
a good inquiry for Atlantic Cable |
shares, and Anglo-American closed ~ |!
higher.