New-York tribune., 1899-12-25
NOTES OF INTEREST FROM BERLIN.
NO PANIC. AS IN LONDON AND NEw-YoRK-
EXPORTS TO AMERICA INCREASING

NO PANIC. AS IN LONDON AND NEw-YoRK-
EXPORTS TO AMERICA INCREASING.
Berlin. Dec 24-The advance In the Rechs-
bank rate 10 per cent had a great effect upon
the security OF the market Values declined only
moderately. There was nothing in the nature Of
panic as occurred in New-York and London.
Notwithstanding the fact that the advance in
London exchange continued. reaching yesterday
four pfenngs above the gold point. gold exports
have hitherto been only moderate. The Berlin
Joint stock banks are doing all in their power 10
prevent exports
The correspondent Of The Associated Press
was informed to-day by persons in the highest
banking circles that the continued rise in Lon
don exchange is due to the fact that New-York
has sent large amounts Of three months money
bills here for discount, taking in return London
exchange further cause assigned is the
| heavy purchases Of American railway securities
| by Germany payment for hich is due in
| London These shares are chiefly Canadian and
Northern Pacific.
Private discount is declining Call money is
rising. The outlook for business remains ex
! cellent excepting that Of dear money. 1t is I'M
possible to raise money on mortgages. owing to
the decline in house building which is expected
| eventually to react upon the iron trade.
Western tIermdnyS car shortage amounting
| to five thousand cars daily. is obstructing the
| coal trade. Nevertheless. the Boerse takes an
optimistic view of coal prospects. AS result
| Of this. coal shares firm.
Exports to the United States are brisk. United
States Consul General Mason predicts an in
| crease Of S2jO.OOO al the Berlin Consulate for
| this quarter. Chemnitz manufacturers report
! heavy American orders and bright prospects
| for yarns at rising prices.
Experiments with Russian petroleum
| causing increasing imports of that article. Six
| ty-nine thousand tons were imported during the
| first nine months OF the current year, as against
| thirty-one thousand for the corresponding
| period last year.
The Hamburg American Steamship Company
will introduce crude petroleum from Borneo as
! fuel FOR its East Asian steamers.
The North German Lloyd Steamship Com
| rany has bought out the Scottish Oriental
| Steamship Comoany's steamers. fourteen in
| number. and will continue the service TO Hong
Kong and Singapore with increased sailings
This is the second instance of the purchase Of
a British by a German line within few months
To-day Berlin has had ideal winter weather,
! with a slight snowfall toward dusk
This afternoon Emperor William left New
| Palace following his custom for several years
| his pockets filed with gold and silver. and
strolled through the parks at Potsdam and the
| poorer quarters distribu ing Christmas gifts
| to the needy. This evening gifts were distribu-
! ted among the employees in the royal factories
| those OF the higher rank receiving 100 marks
| each.
Next Saturday the ceremony Of mailing new
! colors for a number OF re- .nents will be per-
| formed in Berlin in the Emperors presence.
1t is asserted In we'll Informed quarters that
| the Russian Government will sooE create
| new Ministry Of Commerce and Industry, which
is significant bearing upon the phenomenal
! rise os Russian industry.
On New Years Day direct telephone COM
| muricaton will be opened between Berlin and
! Paris