The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-11
GERMAN MONEY MARKET.
NO FEAR IN BERLIN OF PERMA-
NEWT TROUBLE.
Circulation Too Saturated with
Gold to Ne Greatly Deranged-
AErarian Press Begins Attack on
McKinley's Message to Congress.

BERLIN, Dec. 1.-THE money market
situation continues to be the chief con-
Germ of the German business world. Lon
don exchange continued to rise all last
week. Gold exports are now possible and
therefore an increase In the bank rate
is considered virtually certain. The OFF,
cials of the reichsbank were in consulta-
tion yesterday on the subject, and there
was a general sentiment In favor of an
advance to per cent. A definite decision
is likely to be taken Tuesday.
The reichsbank statement yesterday
showed much less Improvement than is
usual at this time Of the year. Private
discounts, after rising to point near
the official rate, eased on somewhat yes
terday. but the rise in the London private
rate causes an expectation here that the
Bank OF England will make yet another
advance.
Thus far. however, money market con-
ditions do not inspire fear of perma-
nent trouble in Berlin, feeling Of assur
ance arising from the fact that German
circulation is so thoroughly saturated
with gold that any considerable derange-
menf Is impossible.
Today a high financial authority gave
the correspondent of the Associated Press
an estimate of the gold in circulation in
Germany, placing this at 2.500.000OO0
marks, and predicted that the industrial
situation would continue very strong. A
leading official Of the reichsbank ex-
planned that the Industrial boom had not
yet reached its elimination. but was now
extending to the textile Industries.
Iron prices" he said. continue to rise.
The syndicate of rolled wire manufac-
turers have advanced prices ten marks a
ton. A Franco Belgian syndicate, with a
capital of s10,0000O0, has acquired the
westphalia coal mine and intends to es-
tablish immense modern furnaces and
steel mills on the Dortmund-Ems canal.
A motion will be introduced in the reich
stag concerning the organization Of Ger
man chambers of commerce In foreign
cities. In which particular Germany now
lags behind."S
The packet post between the United
States and Germany is success. Dur
ing the month Of October 5000 packages
went from Germany. and during the
month of November. 5000. as against H.
900 during the whole of 1897.
After keeping silence at first, the Agra
rian press now begins to make united
attack upon that part of President Nc
Kinley's message to congress relating TO
the 1oint commission proposition. The
'Deutsche Tages Zeitung says today;
"Such a proposition is wholly unaccept-
able. 1t is monstrous. Its outcome would
be that the shrewd Yankees would bam-
boozIe the German members of the COM
mission about American meat with cal"
drons double bottomed and similar tricks,
while the Americans here would manu-
facture evidence against beers and wines
President McKinley's claims as to the
healthfulness of American meats Is pre-
posterous after the scandalous embalmed
meat trial."
The leading editorial Of the National
Zeitung today commentaries the forth
coming centenary of the death of WASH
ington. .tsa
Emperor William returned to Berlin
last evening and spent today with the
imperial family at Potsdam.
The report that Herr Rose. formerly
German consul at Apia. will become gov
ernor of Germanys share of the Samoan
island is without foundation. He Will
soon re-enter the consular service, with
an annointment Of importance.