The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-12-11
GERMAN MONEY MARKET
1T STILL is THE TOPIC OF BUSINESS
INTEREST AT BERLIN.
No Actual Fears Are EnEendered-
An Attack on the Message-France
Makes q Demand on China.

BERLIN, Dec. 10.-The money market
situation continues to be the chief concern
of the German business world. London ex-
changes continued to rise all last week.
Gold exports are now possible, and there
fore an increase in the bank rate is consid-
cred certain. The officials of the Reichs-
bank were I'm consultation yesterday on the
subject and there was general sentiment
in favor of an advance to per cent. A
definite decision is likely to be taken Tues
day. The Reichsbank statement yesterday
showed much less Improvement than is
usual at this time Of the year. Private
discounts, after rising to a 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 England will make another advance.
Thus far money market conditions do not
inspire fear of permanent trouble in Ber-
lin. feeling of assurance arising from the
fact that German circulation is so thor
oughly saturated with gold that any con-
siderable arrangement is impossible. To-
day a high financial authority gave the
correspondent Of the Associated Press an
estimate of the gold in circulation in Ger
MANY PLACING tnlS DIT LoO,WVU,UVO marks, anu
predicted that the industrial situation
would continue very strong.
A leading official of the Reichsbank ex-
planned that the industrial boom had not
extending to the textile industries. Iron
prices" he said, continue to rise. The
syndicate of rolled wire manufacturers had
advanced prices ten marks a ton. A
Franco-Belgian syndicate with a capacity
of 100000 marks has acquired the West
phalian coal mine and intends to estab-
lish Immediately modern furnaces and steel
mills on the Dortmund-Ems canal. A mo-
ton will be introduced in the Reichstag
concerning the organization Of German
chambers of commerce in foreign cities, in
which particular Germany now lags be-
hind"
States and Germany is a success. During
the month of October 1900 packages went
TO Germany, and during the month of No
vember BOO, as against 1000 during the
whole of 1897.
After keeping silence at first the Agrarian
press now begins to make a united attack
upon that part of President McKinley's
message to Congress relating to the joint
commission proposition. The Deutsche
Tages Zeitung says to-day: Such a propo-
sition is wholly unacceptable. 1t is mon
strOus Its outcome would be that the
shrewd Yankees would bamboozle the Ger
man members of the commission about
American meat with caldrons double-bot-
toned and similar tricks, while the Ameri-
cans here would manufacture evidence
against beers and wines. President Nc
Kinley's claims as to the healthfulness of
American meats is preposterous after the
scandalous embalmed meat trial."
The leading editorial of the National Eel
tung to-day commentaries the forthcoming
centenary of the death of Washington.
Emperor William returned TO Berlin last
evening and spent to-day with the imperial
family at Potsdam.
The report that Herr Rose. former Ger
man consul at Apia, will become governor
of Germany's share of the Samoan islands,
is without foundation. He will soon re-
enter the consular service with an appoint
ment of importance