The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-10-21
The WEEK IN BERLIN
BOERsE COMPARATIVELY STRONG.
NOTWITHSTANDING UNSATIS-
FACTORY NEWS
INVESTING IN COAL AND IRON
American Railway Shares Strong,
Northern Pacific Being Heavily
Bought - Domestic Money
Market Was Weak.

BERLIN, Oct MISUNDERSTANDING
much unsatisfactory news from the in
dustrial centers, the boerse last week was
comparatively strong. The volume of bus
lpess remains slight, outsiders holding
aloof. Nevertheless the feeling is some
what more confident.
A favorable factor was the buying of
coal and iron shares for foreign account
1t is asserted that considerable French
money was invested in such securities
during the week, especially in coal shares,
upon the expectation of a coal strike in
france On Wednesday from 100000 to
S10,O0O marks were invested in Harpener
coal for Paris account. There has also
been some British buying A number of
inquiries were received from abroad re-
garding German industrials making good
investments. Nevertheless coal shares
generally were neglected, domestic invest
ors pelng influenced by American imports
OF coal and the impending reduction In
prices. The Improvement in iron and coal
shares reached points on the week. The
coke market is described as very feeble. -
STOCKS are accommodating and it is consid-
cred certain that the syndicate must in
crease the restriction Of output to 80 per
cent
American railway shares were the
strongest feature. Northern Pacific pre-
ferred was heavily bought for New York.
gaining about Alp points Yesterday
On the week the gain was 662 points the
closing quotation being 1882 Foreign
rentes We're generally strong, particularly
the Chinese, owing to the signing of the
peace protocol. Italians were strong upon
the fall of the gold premium, but Span
1ards Were weak. In consequence of the
condition of the money market domestic
loans were weak. Imperial threes lost
30, and Prussian threes so. There was
much short selling of both. Foreign
holders also sold. Another cause of weak
ness was the rumor 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 float
ed after the new year, both imperial and
Prussian
Private discount advanced on the week
70 of a point, to three per cent. which
was maintained. The impulse to this was
chiefly the scarcity of money in Paris
Considerable French paper was offered
here for discount. Another cause was the
Reichsbank return for the week, which
proved somewhat unsatisfactory. 1t is
said that the bank has been compelled to
prolong number of bills in order to pre-
vent insolvencies and other difficulties.
The boerse gave considerable attention
to the negotiations between the Allege-
meme Elektricitats- Gesselschaft of Berlin
and the Schubert Electrical company of
Nuremburg, for the purpose of establish
ing a community of interests, raising
prices and decreasing expenses in selling,
The shares of the latter company i'm
proved strongly in consequence
German iron works are now securing
orders 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 authorities will
soon order 400 locomotives
The sugar syndicate has decided to re-
duce production next year. owing to the
low prices and the accommodations of
stock.
The alcohol syndicate has reduced
prices for its markets per hectoliter in The
| case of crude alcohol.