The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-03
FOREIGN MARKETS.
Indications Point to Better Cond;.
lions in London.

London. June An indications point to "a
no reason why this should have been delayed .s
s,o"ly. and. tnsrefors. the effect VI the recent
panic has been to weaken the market
and these were marked up here in = perfume
tory fashion. but actual business has been very
Leading critics now point out that the mate
rial PROSPECTS OF the United States. which caused
ever. AMI that the interest of the community
meni of the American railway system Is csrtain
To cause higher prces
rails are dun. and American securiiie. oder
preston In home rails is due 70 unf.vonhle
not bring the traffic Improvement expected. There
is considerable foreboding a. 10 home rail divi-
de TSs at aes aas end s,: Of the y yeas. -. An. =.
mense Government disbursements, and there are
the bank rats. The Government. SowsSsr' O1tna
TO the large amounts Of foreign money which
might be withdrawn II money u oSersharIened.
Consols continue their downward tsnSe.ey. TIT.
II is expected that some large holders q esnsois
have been unloading. Recent news from south
PsTsnt in tia, country. check any material ad-
Rand mines. on me contrary. have advanesd.
and AIsentines are looking up on the prospsct-
J" The en msssass 81 9 iss as1isn soe sss q tn. Ar..u-
IN" ne kepns,,Ss h,i been ssry f.vo..s,y r:csiSsd-
O1t thaA u . mN0DNl03 IN C0{-
1 nsie ., Sonds S.ip 2. K ne clearing a he 1osa-
announcement that the withdrawsi 81 Ira Xlied
espeeied Would SH1 .iv. s Mnl impe sas s sS sus,p I'D , 1.:
almost wholly without influence upon tfadine last
sisn: in q SSi 1.'s i sass. :. "a, 1.., To i qscs.:;os ss.n''e-
In all departments the Boerss had . very bad
iron e.niem and the seser.i innda:sri.i .asSasson.
made s's s1 IN. :: s-, sss oovs sassns; s sa: .s s": .so.S Sf q
swts. ~Nor.hwssten Railway. preparatog to IN
German stockholder. are visOrously prOsesetns.
The weakest spot in tho market w.s the Iron
section % due ,hs chiefly to w the fat ssosnn.s q S%S..sfay
.arninrs than the r-por. for the corrsspondins
period Of last year The dissour.sinG eom-
q thi. department.. All iron shs1ss rs1 q:
the decline. In some instances reaching . polnt1
price declines and Is offering 70 mako . yeaTe
extension Of delivery on old contractA provt4e0
f ifon' Nsv. e1sSss .n' English D Dis e S Sos 80
in Germany at Som below the syndicate pr.ceS
Ths ssns5.i Industrial situation |: r....e.e =
admit says the vossische Zeitung to-day. 'thae
our IN, su mas;:.h has s sn1sr ss.S SRsp s on mutual !, sri :s:;
= depressing influence. Shares Of the Nsoilen-
the sub,eci Of lively specuiatioa and Ssvs
f,ictuated violently. Firrt-class banks continue
To buy the oDlgaticus OF the fOuefani4n 630ks
hut the market for other mortgage hank obligA-
tions n very dull
Speaking generally. bank stock Is weak and
declining. Domestic Government loans are stag
nant. the quotations being practically stationary.
Italians. how ever. were frmer throughout the
week. hut Spaniards weaker.
Canadian Pscifcs developed strength upon the
increased earnings. hut Northern Pactdcs we're
neglected.
The P-u~ian Government has ordered rs loco
motives AZ an aggregate cost Of II, 5o. 0o0m.
The Reichsanzeiger announces that the substf-
tuition 81 bonds for the scrip Of the new Ger
man loan will begin tomorrow.