New-York tribune., 1901-03-04
GERMAN TRADE AND FINANCE.

Berlin. March s-Conditions on the Berlin Boerse
last week quiet. and trading. except in spe-
cialties. light. However. the tone of the mar
ket was rather firm Domestic government FUNDS
continue dull, all scoring fractional declines
Foreign rentes also were mostly quiet, the striking
exception being Portuguese American railroad
securities attracted only little attention but Ana
tOlians showed activity. reaching $3.50 yesterday.
Transvaal railway certificates again quite
active. but vacillating Swiss railroad shares are
quiet. Transportation shares were quiet un-
Ill yesterday when the market became firm upon
the establishment of the line from Shanghai 10
Hong Kong by the Hamburg American company.
Business in coal and iron shares light, but
values well sustained. Some coal shares made
considerable advances. Machinery and industrials
in general mostly higher The tone of the
BOerse in iron contrasts markedly with the state If
the iron trade where the reports continue gloomy.
The Lorraine and Luxembourg pig iron syndicate
has voted restrict its output % per and the
Seegerland also voted to restrict output, because
its furnaces blowing out, especially the pud-
ding furnaces. Nevertheless pig iron stocks
growing, and the Association of FoundTies has Pc
titioned the pig iron syndicate either TO reduce
prices partly to cancel old orders. The syndi-
cate has refused do either.
The completion of the United States Steel Corpo-
ration attracts great attention here all the nan-
cia journals anticipating sharp competition.
Money rates varied unusually throughout the
week the private rate of discount rising falling
nearly every day, and advancing one-quarter yes
call loans rising TO AZ. This due to the large
offerings of bills for discount and to the fact that
the available funds were largely absorbed through
the Reichsbank's offerings Of treasury bills. The
foreign exchange market was quiet, rates scarcely
changing. There considerable demand for
London exchange for the settlement, owing to large
German purchases OF Kaffirs.
Bank stock quiet but firm. Deutsche Bank
shares rising several points. The annual report o;
the Disconto- -Gesellschaft published yesterday.
shows profits Of 15975.sO0 marks. against
Il 01,970 for 1899: a dividend of per cent.
against 10 for 1899 and profits from stock operations
only 10000 marks. compared with 3,205.0oo in
1899. This showing favorably affected Deutsche
Bank shares.
The Schaaffhausen Bankverein reports net profits
for 1890 OF 9476.739 marks. against 9.S9fOO0 for
1889 with divedend Of ~ per cent upon increased
capital. as against per cent.
Charottenburg will issue a loan Of II coo go marks
per The Semens & Halske Electrical
COMPANY OF Berlin. and the Schuckert Electrical
Company. OF NurembuTg, have received contracts
tor the installation OF a large municipal electrical
plant a Trondhjem. Norway.
The North German Lloyd Steamship Company
Yesterday declared a dividend of SIe per cent.
against ~. and announced profits OF %
marks for 1890 against 26.0l96l3. In 1899. The
directors purpose issuing stock the value Of
lOOOoOnO marks and making 100000 mark loan at
AZ per cent.