Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-04
THE FOREIGN MARKETS
CONDITIONS AT LONDON. PARIS,
BERLIN AND ST. PETERSBURG.

Special Cn6lngram to The Stsr.
LONDON. February 3.-There seems to
he feeling that the stock exchange revival
of business Is due and that it will come as
soon as the situation in the money market
improves. High rates are prevailing in
Lombard street on account OF the persis-
tence shown by the Bank of England in alb
sorbing surplus supplies of money 1t is
thought by many that something more than
a mere desire to increase its earnings is the
cause of the banks policy and the result
OF this reasoning is a certain degree of tim
idity that restraints investors and spocu-
IaloTS rom heavy dealings Thus il hap
pens that the record of this weeks buSlDess
Is one of dizziness In most of the daDart-
ments and weakness in many directions
The best market has been in gilt-edGe
stocks, for which toward the end of the
week there has been a fairly good demand
by investors. All home colonial govern
nent securities are higher than a week ago
CcnsHls have risen above 90 and one hears
predictions that they will advance consid-
erably In the next few months if money
conditions improve
Foreign government securities have not
heen traded in heavily. but have shown
hr RIM. and an upward tendency.
The Russians are better. having improv-
cd under more favorable reports from St
petersburg and tie more hopeful feeling re-
spectng them in continental centers.
British rails are ali down. They yielded
In the early days of the week along with
about everything else and failed to rally
Possibly they suffered on account OF the
greater interest attaching to the American
market, which, taking its lead from New
York. has been VERY active during y godd
part OF the week. affording plenty of in
terest to speculative operators. At the
close most OF the Americans are under last
Saturdays prices. A betterment prevails
In the kafr market but no improvement
in prices.
BY Associated Press.
LONDON, February 3.-Money was in
keen demand in the market TODAY and sun
plies were not plentiful owing to the Bank
OF England absorbing large amount of the
floating supply. Discounts We're tairly
steady continental exchanges being favor
able. The supplies of gold bound for Eng
land are steadily increasing.
Trading on the stock exchange was quiet
and dun, II being the eve of the settlement
There were some weekend realizations
Conso!s were easy and home rails were dulI
Dealers are anxious regarding the results
of next week.
Americans were dull and easier and most
ly under parity owing to lack of support,
except In the case OF a few specialties
Canadian Pacific was active and Grand
Trunk was cheerful on the traffic Increase
Foreigners were fairly firm and quiet.
japanese imperial 6s Of 1904 We're quoted
at 1895.
PARIS. February 3-Tradiug on the
bourse today was inactive but prices were
firm throughout.
Russian imperial Is were quoted at S3.45,
and Russian bonds of 1904 at $500
The private rate OF discount was 7-1G
per cent.
BERLIN February 3-Trad!ng on the
bourse today was quiet and prices We're
steady. Canadian Pacific was higher.
ST PETERSBURG. February 3-There
was more confident tone on the bOurse to-
day. Imperial Is closed at SO4.