The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-12-11
STRIAGENCY IN BERLIN
The Chief Concern of the German
Business World.
GOLD EXPORTS POSSIBLE
Less Improvement Than Expected in
the Bank Statement -McKtnley's
Proposition Is Termed
Monstrous

| Berlin, Dec. 10.--The money market
situation continues to be the chief con-
Germ of 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 officials of the Reichsbank were in
/ consultation yesterday on the subject,
and there was a general sentiment in
favor of an advance to Z per cent. 4
definite decision is likely to be taken
/ Tuesday. The Reichsbank statement
yesterday showed much less improve
ment than is usual at this time of the
year. Private discounts, after rising
to point near. the official rate, eased
off somewhat yesterday, but the rise
in the London private rate causes an
expectation here that the Bank Of Eng
land will make yet another advance.
Thus far, however, money market
conditions do not inspire fear of
permanent trouble in Berlin. feeling
of assurance arising from the fact that
German circulation is so thoroughly
saturated with gold that any consid-
cradle arrangement is impossible.
To-day high finance authority gave
the correspondent Of the associated
press an estimate of the gold in cir
culation in Germany. placing this at
100000 marks. and predicted that the
industrial situation would continue
very strong. a leading official Of the
Reichsbank explained that the indus
trial boom had not yet reached its cul-
mination, but was now extending to
the textile industries.
Iron prices he said, continue to
rise. The syndicate Of rolled wire
manufacturers have advanced prices
10 marks ton. A Franco Belgian syn
dicate with a capital of S10000,000 has
acquired the Westphalia coal mine and
intends to establish immense modern
furnaces and steel mills on the Do-t-
mund-Ems canal A motion will be
introduced in the reichstag concerning
the organization of German chambers
of commerce in foreign cities, in which
particular German now lags behind"
The packet post between the United
States and Germany is a success. Dur
ing the month of October 5000 packages
went from Germany and during the
month of November 5000, as against
11,000 during the whole of 1897.
After keeping silence at first, the
agrarian press now begins to make at
tacks upon that part of President Nc
Kinley's message to congress relating
to the joint commission proposition.
The Deutsche Tages Zeitung says to-
day: ...
5uCH a proposition, Is WHOllyt uHaC-
ceptable. 1t Is monstrous. It's outcome
would be that the shrewd Yankees
would bamboozle the German members
of the commission about American
meat with ,caldrons double bottomed
and similar tricks, while the Ameri-
cans here would manufacture evidence
against beers and wines. President
McKinley's claims as to the healthful-
ness Of American meats is preposter-
Gus after the scandalous embalmed
meat trial"
The leading editorial of the National
Zeitung to-day commentaries the
forthcoming centenary of the death of
Washington. Emperor William re-
turned to Berlin last evening and
spent to-day with the imperial family
at Potsdam. The report that Herr
Rosser, formerly German consul at
Apia. will become governor of Ger
many's share of the Samoan islands
is without foundation. He will soon
re-enter the consular service with an
appointment of Importance.