The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-03-02
REPORTS OF THE
FOREIGN MARTS
Manchester Cloth Buyers
Cautious-London Specu-
latOrs Confident.

LONDON, March 1.-The stock mar
ket closed last week in a happier
frame of mind than has been the case
for long time. The public are en-
tering the market with confidence be-
cause of the feeling that there will be
no trouble in the Far East and no ac-
count OF the more peaceful reports from
the other troubled sections of the
world. rr-~- --<+ ..t a.o r-
The outsiders have shown particular
preference for home rails, which are
the feature of the week. In other de-
partments business was limited
Americans We're neglected and dull,
the list, with few exceptions, showing
quotations below the closing prices of
the previous week. Grand Trunks are
still attracting attention though not
so much as during the previous few
weeks. Kaffirs showed a firm tendency
on the good reports, political and econ
omic, from South Africa. Reports of
amalgamaion held Argentine rails and
MeXicans were also patronized.
The depression fl cohsofs continued
but this is attributed to realization in
favor of more profitable Investments.
Altogether while there was no great
volume of business, the general tndica-
lions point to more active market
and brighter condition during the
current year than was anticipated.
Cloth Buyers Cautious.
MANCHESTER, March 1.-Business
on the cloth market during the past
week was difficult. All sections of the
buyers were very cautious, owing to
doubts as to the maintenance of val
ues, though few pressing orders were
negotiated. The dislocations in the
telegraph system due to the storm
greatly interfered with business. There
Onp9cin11a1
with China in staples, as the engage
ments in shirtings for India will soon
run out. There We're numerous offers,
but they were mostly impossible of
execution. Occasional orders in mod
crate lines were placed, The minor
outlets helped in a fair degree, and
there was a good undercurrent of
trade with South America.
Spinners firmly maintained the quo
taions for yarns, which advanced in
sympathy for cotton. Most users were
in the home trade. Americans were
operated in cautiously to meet urgent
requirements.
Berlin Sales Light.
BERLIN, March business on the
boerse last week was without any strik-
ing features. While values were gen
orally firm, spectators were not ready
for large operations, in view of the
uncertainty IN the Macedonian outlook
and the money situation in London
and New York. The annual statements
of the great joint stock banks con-
tinued to be published and do not sat
isfy the exaggerated expectations of
the market. Hence there We're heavy
realization sales, which had the effect
of depressing quotations.
Most departments of the industrial
market were firm, many shares scoring
further rises. Outsiders continue to
buy industrials being influenced by
the reports Of improving business, but
the Frankfurter Zeitung asserts that
the Improvement in the situation has
already been abundantly discounted in
the present transactions and it pre-
diets reaction very shortly.
The monthly settlement passed off
in the easiest way under the greatest
abundance in money. This latter cir
cumstance also increased the demand
for German and Prussian loans, result
ing in a moderate advance in quota
tons Imperial and Prussian threes
were further aided by an intimation
that the forthcoming loans may be for
less than $75,000,000, the sum origin
ally intended. These loans, according
to a boerse rumOr, may be postponed
till May.