The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-21
RECLAIMED ITS STRENGTH.
Conditions ca The Berlin BOerSe Have
Improved Somewhat.
AMERICAN RAILROADS MUCH STRONGER
A Favorable Factor Also Was the Buy
ing OF Coal and Iron Shares for
Foreign Account.

Berlin October 20 Notwithstanding
much satisfactory news from the Industrial
ceutcis. the hoerse last week was com
paratlvcly strong A favorable factor was
the buying Of coal and iron shares for for
eisn account. 1t is asserted that consld-
cradle French money was invested In such
securities during the week. especially In
coal shares. upon the expectation of a
coal strike in France. There has also
been some British buying A number Of
inquiries were received from abroad re-
gardlng German industrals making good
Investment Nevertheless coal shares gen
orally were neglected, domestic investors
being Influenced by American imports OF
coal and tue impending reduction in prices.
The Improvement in coal and iron shares
reached 4 points on the week. The coke
market Is described as very feeble.
Stocks are accommodating ana IL is con
sidered certain that the syndicate must In.
crease the restriction u output to % per
American railroad shares were the strong
est feature Northern Pacific preferred
was heavily bought for New York. gaining
y points YESTERDAY. on the week the
gain was A. points, the closing quotation
being lo4 d2 Foreign rontes We've gen
orally strong particularly the Chinese
loan, owing 10 the signing of the peaGe
protocol The Italians We're strong upon
the fan Of tne gold premium, but Span.
ards were weak.
In consequence Of the condition of the
money market domestic loans were weak
| Imperial IS lost .035 and PruSsiau 3s .OdO
I here was much short selling Of both. For
| eign holders also sold Another cause OF
| weakness was the rumor If new loans
I ana the belief that the government con
| tinues to MI the loans privately, anticipat
ing the Issue. II is now regarded as Ger
/ tain that considerable new loans will he
| Heated after the new year both imperial
aud Prussian.
Private discounts advanced on the week
/ "a point 70 3 per cent, which was maiu
| tained The impulse to this was chiefly
/ the scarcity Of money in Paris. Consid
cradle French paper was offered here foI
discount Another cause was the relchs
banks returns for the week which PROVED
, somewhat unsatisfactory 1t Is said that
the bank has been compelled to proong
| number Of bills in order to prevent ia
solvences and other difficulties
The hoerse gave considerable attention
TO The negotiations between the Allgemeint
Elektrictaets Gescllechaft of Berlin AMI tht
Schuckert Electrical company Of Nurem
berg for establishing community of In
pensts in selling Tho shares Of the latte
company improved strongly In consequence
German works are now securing orders
for locomotives in India. This Is Explained
by the possibility Of more rapid delivery
owing to the fact that tho British work
have heavy orders ahead The Prusslnl
railway authorities viii soon order 400 loco
motives
The sugar syndicate has decided to re
duce production next year owing to RI,
low prices and the accommodations Of stock
4 marks per hectolirre in the case Of crud