St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-03-20
ON THE ROTRSES.
Condition of Business at the
CenterS of EurOne.

! LONDON, March 19.-DiScount rates
! were firm during the last week at ~
! for both three months and short bills,
| Money was in fair demand, with pros
! poets of cheap loan and discount rateV
| and an easy market for some time IN
come. Gold was strongly demanded
| for Austria, but the inquiry was con-
fined 10 the open market. Withdrawals
from the Bank of England are not likely
to occur, it being understood that Aus
tria requires only G4,000,0 0O, stip-
ulating that the collection there
of shall be such as will not
tighten the European markets.
The balance of trade promises to re-
main against the United States, which,
in the opinion of London financiers,
VIII probably continue to lose gold.
Silver continued weak and remarkably
quiet, being apparently unaffected by
the discussion of the currency question
III the United States and India. The
demand has not been great, owing to
larger drawings of the India council.
On the other hand, supplies have been
small
On the stock exchange dealings con-
tinued to be limited. Members were
chiefly occupied with the settlement of
the long account, which was concluded
satisfactorily. Investment stocks we're
steady. ConSolS closed with an advance
of Is on the week, Foreign securities
were more or less weak. French, Rus
sian and Spanish were among the weak
est. Argentine bonds closed Ia higher
on the week; Argentine funding loan,
219 higher, and Argentine cedulas, Il
higher, the rise beng due mainly To
somewhat vague rumorS that the Ar
gentine government was making pro
posals for settling the national finance!
and coming to terms with the railways
Brazilian bonds rose l OH the under
standing that the RothSchildS will
shortly bring out new Brazilian loan
English railway securities improved ia
tone Oh prospects of improved traffic
American railway securities were weak
early in the week, but slightly improved
later, though there was general disin,
cljnation to do business. Northern Pacific
preferred advanced OIL the reply OF the
directors of the company to the lnveS-
tigating committees statements. and
rnm0rs that the floating debt difficulty
would be arranged. Wabash preferred
fell ~, do debentureS 2, Erie 2 Lake
Shore /, Union Pacific 81, Louisville u
Nashville II, Ohio d Mississippi, Nor.
folk IL Western, Illinois Central and
Central Pacific, - each; Atchison,
Denver IL Rio Grande common and
preferred. Missouri, Kansas u Texas, 4
each.
Canadian railways were unsteady;
Canadian Pacific fell IL and Grand
Trunk consols =, while Grand Trunk
first and second preference rose Il and
do third preference =.
Mexican railway ordinary dropped q!
do tirsts, ~; do seconds, l. There was
sharp rise in Argentine railroads. In
the miscellaneous department Guinness
brewery ordinary rose l, and do pre-.
ferred ~, but English breweries gen
orally were depressed. American brew,
cries, on the contrary, were in better
demand.
PARIS. March 19.-Business on the
bourSe has been poor during the last
week, and prices have been far from
firm. The per cent rentes fell If S5e:
Credit FOncier, 2f soc; Rio TintOs rosa
If 25c; Argentine, ST 75c; Brazilian
fours, 95c.
FRANKFORT, March Robustness on
the bourse was firm during the last
week. The final quotations were: Hun.
garian per cent gold rente, $3.50,
Italian per cent, $3.50; Portuguese AZ
per cents, 2S; Russian, $500; short ex,
change on London, 20.43; private dis,
count, 2.
BERLIN, March 19.-There have been
no signs of weakness on the bOurse
during the past week, and uncertainty
as to the Ruseo-German commercial
treaty has had adverse effect upon
prices. The final quotations were
Prussan fours, 1880; Mexican skies,
$500; Deutsche bank, l72. %; Bochumei
shares, 139; Harpeners, l40; Russian pa.
per roubles, 215.75. Short exchange on
London, 20.43; long do, 20S4; private
discount, "a.
IA syndicate of German bankers have
arranged with syndicate of Italian
bankers to take more than 60, COO, OCO lire
ofsa national loan.