St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-06
AT CHICAGO.
Special to the Globe.
Foreign Markets.

LONDON, July 5.-Throughout the past
week money was in little request. The
banks charged only = per cent, but even
at this figure very little business was done.
On next Tuesday the dividends on English
funds become due by which So, 900, 600 will
be released, increasing the supply to COM
pete with an already over-burdened market.
Three months bills are q per cent. Day
to day loans are Il per cent The
transactions on the stock exchange
have been exceedingly light. No bust
ness was done sufficient to affect
prices to any material extent. There was
a tendency toward firmneSs, except in En-
glish railways, which were weak, owing 10
reports of decreased dividends for the half
year just completed. American railroads
were well maintained. Buying has in
creased since the preceding week, and yes
terday Lake Shore rose Is, Ohio 4 MiSSis-
sippi Y, New York Central, Union Pacific
and Erie second mortgages %, Milwaukee
IL st. Paul IS, Pennsylvania, Reading and
Louisville = per cent. each, and Atlantic
firsts y. The negotiations of the Lon
don committee of the Ohio IL
Mississippi with Mr.. Garrett include a
guarantee by the Baltimore 81 Ohio of
minimum traffic to be worked at the maxi
mum rate. Anglo-telegraphs recrded y
per cent. on a rumor of impending war
rates with the Commercial company. Mex
lean bonds, which were largely bought dur
ing the week ON the strength of kilograms
crediting the government with an honest
intention TO settle the national debt, weak
ened yesterday under the attacks of the
financial press, which alleged that the in
solvency of Mexico made settlement i'm
possible.
BERLIN, July 5.-Since the June settle
ment was finished the amount of business
has been exceptionally small, even for a
dull season. There was little carrying over
on settlement, the majority of accounts be-
ing closed, owing to small symptoms of
any revival of business in July. The tone
of the bourse was respondent This was
partly due TO the anticipated effect of the
new bourSe tax, but the main cause of the
depression was the fact that speculatOrs
have suffered so severely they have
neither power nor viii TO re-
commence operations on large
scale. Though business was dull, prices
were firm, and toward the close of the week
tendency toward higher rates was devel-
oped. The weeks increase includes the
Deutsche banks $50, Austrian silver rente
ITO, Italian rente 120, Hungarian gold
rente ITO, Russian 100, London short
2.O365E, long 2,031. The Rhine and West
phalian coal owners convention has adopted
limited output. The worknen have sub
mitted to the masters terms.
PARIS, July 5.-The past week has diff
fered little from the preceding one. Trans
actions remain as limited and speculation
continues as reserved. The monthly June
settlement presented no feature of impor
lance beyond higher rates for carrying over
rentes than buyers have been accustomed TO
for some months past. Two per cent. was
the average rate. Many buyers had at
ticipated deliveries of stocks and lightened
their engagement sales on weak
market, which caused a general drop
in prices for the week. Thus
in rentes, threes closed yesterday at s1.1O,
a decrease of 90 centimes for the week;
credit fancier at 135, S75, decrease of 125;
Suez canal at 2IS5. decrease Of so francs,
and Panama at 2S, 125, decrease of $50.
A government bill has been presented in
chambers for the construction of twenty
five miles of underground railways in Paris
at cost of 210, 600, 600 francs. One-third
of the capital is to be raised by shares with
out guarantees of interest, and lao, 600. 00C
francs by debenture, the state guaranteeing
per cent.