The age-herald., 1901-11-25
BERLIN MARKET
 HAS CONFIDENCE
Improvement ( Continues, All De-
 partments Showing Gains
IRON GOES UP 10 POINTS
Bank Stocks Also Improve on the Prospect of Increased Business
 on the Bcerse = Import ing American Coal.

Berlin, November 24.-The improvement on the Boerse continues, all departments showing gains for the past week. The fact is again evident that many short engagements existed, causing a strong movement to cover as a result of which valuations rose.
 Last weeks trading strengthens the impression that the market is gradually regaining confidence In financial circles great importance was attached to the statement of President Koch of the Inn perial Bank of Germany to the effect that there was reason to believe that the worst was now over. The recent finan- cial crisis has been worse in Saxony, and there, especially. a greater feeling of confidence prevails
 Another factor favorable to the weeks improvement was the reduction in the price of coke, amounting to 2 marks ton for furnace and Az marks a ton for foundry quality. This reduction in coke created considerable demand for iron shares. which were the strongest feat ure of the weeks trading.
 
 Iron shares rose more than 10 points during the week. and after a long period of neglect machinery securities also rose. Some of the electrical stocks were also stronger, while the reduction in coke had the effect of buoying the Boerse generally. although iron men are of the opinion that the coke reduction was in- adequate to relieve the depression of the iron market
 It Is significant that the Lorraine and Luxemburg furnaces answered the re- duction in the price of coke with a fur ther restriction of their output to 50 per cent. Up to the present time this restric- tion has amounted to s5 per cent.
 Pig iron could not be quoted on the Dusselldorff Iron Exchange last week owing to the lack of transactions. Never theless, the export movement of steel Is growing liveller and the demand for old iron is growing better. This latter i'm proved demand is regarded as significant of the approach of the general improve ment in the iron and steel transactions
 Bank stocks were the second strongest feature during the week and were anil mated on the prospects of improving business on the Boerse. This caused much short covering. especially in the stock of the Dresdener Bank. Following a report from Lloyd's the securities of the ocean steamship compesiies> showed certain improvement.
 Importing American Coal.
 Another feature of the week was the resumption of purchases in the iron and coal shares for foreign account and the prospect of American coal being imported into Germany were discussed from va rious points of view. A wholesale coal dealer, Herr Gustave Schulz. who has just returned from the United States, where he ordered 140,0 900 tons of antra- cite coal, says in an interview that no danger threatens Germany from Ameri- can coal. The importation of soft coal is undemunerative even with existing low rates, says Herr Schulz, but the importa- ton of anthracite coal will remain a per- of which will simply be to displace Brit ish and no German coal.
 The general introduction of the gov ernment report explaining the new tariff bill, has appeared. It will be assailed by the liberal press with arguments pro- nouncing it weak and contradictory The Berliner Tageblatt says this introduction shows the lack of business reasons for the increase in duties introduced by the bill. and that the government has been merely moved in this action by its de- sire to please the agrarians