The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-10-21
BERLIN BOURSE QUIET
Little interest is Taken in German
StockS-Northern Paci-
fic Strong.

Berlin, Oct. Notwithstanding
the bourse last week was comparative
~ strong The volume of business re-
mains slight, outsiders holding aloof.
Nevertheless the feeling is somewhat
more confident
A favorable factor was the buying
of coal and iron shares for foreign ac-
count 1t is asserted that consider
able French money was invested in
such securities during the week, and
especially in coal shares, upon the ex-
DectatiOn of coal strike in France
On Wednesday from 100000 to 200, 900
marks were invested in Harpener coal
for Paris account. There has also been
some British buying. A number of
inquiries We're received from abroad
regarding German industriaIs making
good investments. Nevertheless coal
shares generally were neglected. do
mestic investors being Influenced by
American imports of coal and the i'm
pending reduction in prices.
The Improvement in coal and iron
shares reached four points this week.
The coke market is described as very
feeble" Stocks are accommodating, and
1t is considered certain that the sit
uatton must increase the restriction Of
the output to so per cent. American
railroad shares were the strongest fea-
ture. Northern Pacific preferred was
heavily bought for New York gaining
4.12 points yesterday. On the week the
gain was 6.62 points. the closing quota
ton being 1O4.G2. Foreign rentes were
generally strong, particularly the Chi
nese loan, owing to the signing of the
peace protocol Italians were strong
on the fall of GOLD premium, but Span
iards We're weak
In consequence of the condition of
the money market, domestic loans were
weak Imperial IS lost .065, and Prus-
sian IS $50. There was much short
selling of both. Foreign holders also
sold Another cause of weakness was
the rate of new loans, and the belief
that the government continues to sell
the loans privately, anticipating the
issue. 1t is now regarded as certain
that considerable new loans Will be
hoated after the new year, both i'm
perial and Prussian. Private discount
advanced on the week * of a point. to
per cent, which was maintained. The
impulse to this was chiefly the scar
city of money in Paris Considera BILE
French paper was offered here for dis
count. Another cause was the reich
banks return for the week, which
proved somewhat unsatisfactory. IL is
said the bank has been compelled TO
prolong number of bills in order to
prevent insolvencies and other difficult
ties
Inc DourSe gave conSldera Die atten-
ton to the negotiations between the
Algemeine Elkektricitaets-Ge selIschaf 1t
of Berlin and the Schubert Electrical
company OF Nuremburg for establish
ing a community of interest, arranging
prices and saving expenses in selling.
The shares of the latter company i'm
proved strongly in consequence.
German works are now securing or
ders for locomotives in India This is
explained by the possibility of more
rapid delivery, owing to the fact that
the British works have heavy orders
ahead. The Prussian railway authori-
ties will soon order 400 locomotives.
The sugar syndicate has decided to
reduce production next year, owing to
the low prices and the amount of
stock
The alcohol syndicate has reduced
prices 4 marks per hectolitre in the
case of crude alcohol