The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-09-02
BERLIN'S DULL WEEK
ENTIRELY FROM BOERSE
BUSINESS
HONEY RATES ARE DECLINING
Despite UntOward Political Events
General symptoms Are Favorable
improved Demand for Do
nestle Securities.

BERLIN, Sept. Last weeks boersc
was very dull, but the undertone was
somewhat firm. The public, who recently
showed a disposition to resume boerse
business, has again wholly withdrawn
Transactions were accordingly confined
exclusively to professional dealers. A ia
Vorable symptom, however, was that the
weeks untoward political events did not
produce any marked effect.
The ease of the money market Increase
ed during the week, rates continually de-
Ginning. The private rate of discount re-
turned to 2s per cent. 1t is remarked as
a strong fact that whereas in previous
years the demand for money to move
crops had already begun to be felt ere
the end of August, now money is grow
ing more abundant and more cheap, the
crop demand being entirely unfelt.
The monthly settlement passed off very
smoothly, the enga gements for the carry
over being phenomenally light. The
abundance of money had the effect of
improving the demand for foreign rents
and domestic government securities.
Among the former We're Chinese pre-
ferred CT the strength that Ii Hung
Chang and Prince Ching had notified the
foreign ministers in Pelin that they were
prepared to sign the settlement protocol.
MeXicanS found great favor at Frankfort
upQl American orders.
The opinion prevails here" says the
Frankfort Zeitung, that Mexicans are
returning to Mexicans hands.
Governments and Prussian IS advanc-
ed moderately, buying being particularly
lively yesterday. Canadian Pacifcs and
Northern Pacific had a particularly &C
tive week, the former advancing to 11 10,
while Northern Pacific preferred went to
IS. 10. Both showed renewed activity yes
Jerday under London's lead. Bank stocks
were inactive, the changes being unirn-
portant. According to the Nossische lei
tung some first-class banks are reducing
the number OF their employees owing 10
the stagnation of the boerse business. 1t
is also admitted that the banks are now
operating at a smaller profit than during
the first six months of the year. The gen
eral tone Of industrials was weak the
falls outpumbering the rises. A number
of industrial companies published their
annual reports during the week and they
showed unsatisfactory results. Moreover
the July returns of the great coal COM
panies disappointed expectations as re-
suit of cheaper selling in foreign mar
kets. The syndicate made slight ad-
vance IN price on stove coal during the
week, but it is making special exertions
to eXpeI British coal from the Weser dis
trict
The coal imports for July show $4,000
toiiS iSSS ana the eApOTlS I0o,OVU IONS gam.
The improvement of the British iron mar
ket had awakened hopes of improvement
here, but not the slightest sign of better
ment has appeared. On the contrary,
the situation appears to grow worse.
Reports from the Siegen district had a
depressing effect upon Saturdays boerse,
as also had the action of open hearth
blooms at Essen, which brought Il marks,
as against So marks nominal
The Gladbach chamber describes the
textile situation very black, with the
eXpecta ton of further shut down and
wage reduction.