The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-30
FOREIGN MARKETS.
Brighter Outlook in LOndOn-Ber-
lin Inactive.

| London. July e9-LaSt week the expert
! oncs If the stock exchange WIS in some
| respects unsatisfactory but on the whole
the market closed with a brighter outlook
! than that with which IL began. The re-
| Moved advance of Lord Roberts was re-
Sarded as an encouraging sign: and the
| removal of the prospects of serious rail-
! way stock also relieves the situation. The
anxiety regarding the Chinese uprising and
the prospect Of dearer money still cloud the
1 financial horizon. but Yesterdays prospect
was more cheerful. although il is not likely
| that business Will become hrisker during
! the coming week In view OF the bank hol-
/ iday august 8. il is probable that the
! markets will be closed from Friday until
Tuesday next.
The slump in home rails. which began
week before last, continued last week until
| Thursday. when the dividend announce
ments and the bear coverings caused
sharp rally. but prices are still below the
| point where the fail began.
American railway shares presented the
firmest market. but there was little done
In them. the movement being moderate
Among the increases We're Chicago. Mil
vaukee and ST. Paul which rose !. point:
Louisville and Nashville. y: Baltimore ana
Ohio l.. Union Pacific y. and Southern
preferred. while Reading preferred fell ,.
point.
Mines were iirmer RandS rising I. point
Money was in good demand: until Monday
3 to 3i- per cent; fixtures y. to 3'=. ard
three months bills a. to 4as-
BERLIN MARKET.
Berlin. July @2.-I-lSt Boerse WAS extreme
.
,ncy. The email volume of business Is quite
without precedent. The restriction il chiefly
due To- the fact that the Cologne banks are
taking refuge in the Boerse law in order io
refuse To- settle marginal losses. Imperial
and pruSSiln loans showed Il further de
cline. imperial - falling - pigs. and conSols
~ pigs. The market for coal and iron shares
mas somewhat improved upon the better
American and domestic reports, but iron
shares weakened yesterday on the pubiic;t-
tion of the annual report of the Eochum
Cast Steel and Hotrder Company. showing
the same dividends In lSr.
The Boerse had expected a marked in
crease. The monthly settlement FINISHED.
yesterday under unusual money conditions.
most values showing decline as compared
with the June settlement Imperial and
PruSsian IS lost 10 pigs. Chinese IS had
lost points. but gained slightly during the
week. Private discount declined to 81 Yes
terday. Nevertheless the weeks rise in for
eign exchange rate caused = fear that the
ease in money Will not last. London OK
change rose sharply. reaching A point
whore gold exports We're possible; but il
declined half a pig. yesterday; Pollanis
rose strongly yesterday. The Reichsbank
status continues To improve, the net reserve
reaching lep.o'"p marks. against sS,e1"vV
last year.
Steel rails were offered during the week
in Slesii by the Rhine Company at III
marks. which Is Is marks below ruling
prices. Germany's pig iron production for
June WAS 6S..2l1 tons. as against tsI,4l5 iii
juno of last year; but the output for June
was 3ro95 tons less than the output for May
months NJ the year was 4.e3l.55s tons,
against i0,G.42f tons.
The imports of iron and manufactures for
the six months were J02. la tons. as against
Se5si. The exports were 14i.23 tons,
against 169 .i3l.
The coal imports for the six months We're
61l9.5e2 tons. against 95O5l. and the
exports We're S.SiS.J05 tons as against -
49, Jo. Silesia has just made slight adj
varce in the price of coal.
The sugar market continued strong re-
filming sugar rising - pigs. during the week.
was Influenced by the exhaustion Of stocks
suitable for the United States. Two Ham,
burg firms failed through short sales OF
sugar
The July crop reports show a further I'M
provement upon June i'll wheat. and Ger
vention for tho regulation of terms OF pay
ment and delivery. The situation OF the
worsted spinners Is very unsatisfactory
The production has been restricted ~ per
cent to prevent further fall In yarns.
MANCHESTER DULL.
Manchester. July .?-Business last week
showed no Improvement, transactions being
especially showed depression. The stocks
are cumbersome and users buy small par
GELS only. prices being l-lSc easier. Cloths
have been good Indian inquiry. chiefly
fine goods from Egyptian yarns.
Calcutta booked some shirtfngs during
the week at cut prices. The China situa-
ton emharrasses the market and brings
There reports of shirt
ings being shipped from Shanghai to In
dia.
a fair business was done for Egypt. the
Ievant and South America at easy prices.
On the whole cloth closed showing better
than yesterday. There Is a plenty of orders
but price limits are largely prohibited.