The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-10-28
QUIET ON The BOERSE
NO CHANGES OF IMPORTANCE RE-
CORDED DURING The PAST
WEEK
INDUsTRIALs
HOLD FIRM.
Monthly Settlement Has Begun I'm
- der Easier Conditions-OfiiciaI
Rate of Discount 7ss.
Fails. -. {

BERLIN, Oct 2.-Last weak the
boerSe had g quiet and uDeventfuls eX-
perience, with no considerable change of
quotations in any department. The week
began with announcement of dividend Of
4 per cent. as against 5by the Italian
: Mediterranean railways and a statement
that The Austrian Southern railway
would undergo reorganization by means.
of which the owners Of its three per
cent obligations would suffer some loss.
AS the Germans have large: holdings IN
both lines, the incidents caused a de-
chning tendency Nevertheless, this was
ultimately overcome and the general
tone was fairly firm, although transac-
tions remained within the narrowest
limits.
Several weeks now have passed with
out fresh revelations that the effects Of
the economic disease had passed. Ac-
cordingly industrial securities fairly
maintained quotations throughout the
week. Although the Cologne Volkszei-
tung denies that the German iron indus
try shows the slightest Improvement IN
any branch, the most recent sales In
Great Britain and the United States
have made good impression. The Boer-
sen Courier learns that the Americans
have recently taken 1900 additional tons
of Spiegeleisea. Referring to the situa-
ton in the United States, the Frank
furter Zeitung says:
1T is favorable factor for our in
dustry chat the American iron works are
usually well employed and scarcely able
to take further orders. Naturally this
reduces the otherwise sharp competition
of the Americans in the markets of the
world and gives to the Germans freer
field.
1t is notable that German manufac-
turers have secured a large order in
Cuba, which is natural market for the
United States. However, the fact should
be emphasized that the price which the
German manufacturers conceded leaves
little if any profit.
American railway shares were firmly
held throughout the week until yester-
day, especially Northern Pacific, on the
strength of the expected combination,
but yesterday they were heavily offered
in consequence of the latest advices from
New York. Northern Pacific closing al
1925. Canadian Pacific closed at 1089O
Ocean transportation shares We're some
what firmer upon the announcement of
slight Improvement in the freight mar
ket. The public has begun buying cleo
tr1cal shares, the shares of the
Schubert Electrical company, of Nurem-
burg, gaining seven points on the week
The statement of the Reichsbank yes
terday showing an Improvement in the
note reserve of 1O1, O,OOO marks, made a
good impression, but it did not influence
quotations.
The National Zeitung says the bank
has received 35,000.000 marks in British
gold during the last five weeks
The monthly settlement has begun I'M
der markedly easier conditions. The Off
clal rate of discount fell yesterday to
rs Call leans were offered abundantly
at per cent and less, while money for
the monthly settlement commands S3s to
rs per cent in New York and London.
Paris exchange showed a further ad-
vance on the week