New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-10-26
FRANKFORT.
BUSINESS ~ THE ExCHASGB-DULLSEss AND SCARCITY
OF AosEY-PRICg OP sToCKs-THR GREAT PATfC

TiOS or ANNEXATION.
From Oar spso.sl Correspondent
FR,NKFoRr oNriir MAN Oct T. 1903
The business AZ the Bours for the past week has been
remarkable for its duness in consequence Of which there
is less than usual to report The political situation Of
Europe complicated and critical az this moment that
there is great want OF confidence the part OF capital
lists who decline 10 20 into any very extensive spccua-
lions. Even the transactions In American securities
which usually the most extensive Of any at the Frank
fort BOurso limited at lower quotations than Nc have
had since the close OF the German war.
There are several reasons this dulness in American
funds One is the interruption Of news by the Atlantic
cable-through which We have had no Now-lOk reports
for eight nine days. The land line from New
York Is reported down. and since the report Of that
have had no Geographic nows. No one hkcs 10 ope-
rate very largely Too dark. There is Glass Of people
who are fam believe that the cable is always broken
reported bTokon when any great event happens which Of
ccs prices worry extensively Thus II is ead that every
time the Bank Of England lowered ts rate OF interest tho
could not be communicated for the that tho
lines down This is reported 10 have happened sty
era times aud goes far toward proving the truth OF the
assertion Bankers, who largely engaged in tho pnr
chase Of Americas stocks in this market in tho habit
Of securing and sending less than two or three dis
patches day ard they unable to do this, through
any fant Of the cable, their transactions are naturally
much limited There several houses now established
here, whose sole business i the buying and selling OF
American stocks Several of these houses have branches
Ia Nowlork and they all doing profitable business
They assure us that the laying OF the cable has greatly
interfered with their profits and that requires sales
OF from tSVuOO 10 FJOOOO day 10 pay inc extra expense
Of eleaphing which 10 often not less than f4c0 day in
gold. All of the smaller operators complain very much Of
the total destruction Of their business in American stocks
since the cable came in use as they do not transact a
large enough business TO justify the expense of Telegraph
ing.
second and may say, principal reason for the dull
ness In our stocks ~ the fear of another civil war In
America. Several very incendiary articles from The ~
J. Newf The N. y. ErPress and other papers OF that
stamp have been reproduced in tho German journals
Some OF these editorials openly declare that President
johnson viii reorganze tho Southern members Of Con
gress together with tho Democratic members elected
from tho North aud thus establish the legality Of tho now
Congress- Tho recent trip Of tho President 20 the West
has also had very bad effect In Germany The language
used by the Presidential party, sswell by his opponent
shows S.h 5tltter state Of political feeling that many
fear collision between the two PARTIES and apprc
hond the disruption Of our Republic. The German
journals generally, prophecy that should the President
determine 10 recognize such Congress II would al
plunge the country into another civil war IL has been
reported and Ia generally believed here that President
johnson shot At DUNG his journey and some jour
nals have published dispatches TO tho effect that he WIS
wounded ieToufI BY tos Vi tAese slots Such TspoT-