The Saint Paul globe., 1900-03-26
BERLIN MONEY MARKET.
Quarterly settlement Making an
Unusual Demand at This Time.

Quarterly Settlement Making an
Unusual Demand at This Time.
BERLIN, March 25.-The quarterly set
tlement is making unusual demands upon
the German money market, the high rate
for a prolongation Of money having been
the most striking feature last week. A
partial cause was the fact that the banks
were accommodating for the payment Of
the yearly dividends. The end Of the
week saw q slight Improvement in the
situation.
Warnings to speculative industry to go
slow have multiplied of late Herr Koch
president Of the reichsbank, announced to
the reichstag that the high rates for
money would continue, owing to the
heavy trade demands.
The Norddeutsche Allegemeine Zeitung
has printed q seml-official warning to
manufacturers declaring there has been
an unnatural bull movement in coal and
iron shares, and In the prices for the
commodities. 1t advises producers against
utilizing the present situation TO the ut
most on the ground that a contraction
would lead to a lessening Of exports and
an ultimate crash. 1t counsels modera-
tion in every department Of business.
Meanwhile the coal famine continues very
acute. The factories have lost millions
Of marks, and many are now operating
on short time or without profit.
Numerous chambers Of commerce have
discussed the situation. The Solingen
chamber declares that continuance OF
the famine will mean the complete shut
ting down Of many factories, and the
discharge Of thousands OF workingmen.
The Bremen chamber has addressed
communication to the coal syndicate
threatening to ask the government to pro-
hlbit coal exports. The syndicate has re-
piled that 1t has reduced the exports to
a minimum, but cannot dispense with
them altogether, inasmuch as the Ger
man market Is unable to absorb the entire
output now amounting to 900 tons
annually The February trade statistics
show large increase in coal exports, and
a decrease in imports in Consequence OF
the Bohemian strike, but the latter is
now broken down and this will tend to
improve the situation.
The capital for the German Atlantic
cable was heavily oversubscribed, and
the books were prematurely closed.
A meeting just held in Stuttgart in
augurated a combination of all German
weavers, chiefly for the purpose Of fight
ing the yarn duty.
The dyers in the Elberfeld district are
striking for higher wages. and their
numbers are increasing daily.
A combination of sugar factories Is
still talked of. Only per cent Of the
manufacturers are now lacking to COM
plete the syndicate.
The Berlin fruit dealers have submit
ted a memorial to the government against
g. fresh fruit duty, which they contend
would ruin the trade. The memorial
points out that Berlin receives 80 per
cent of its supply from abroad.
The West German, French, Belgian and
Dutch hollow glass manufacturers have
advanced export prices, including pressed
goods, 10 per cent.
The Belgian state railways have order
ed twelve locomotives Of Philadelphia for
September delivery.
combination of all the zinc rolling
mills has been formed here, and under
the arrangement all goods are to be sold
through a common agency.