The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-31
STOCK MARKETQUIET
IDAYS HAS SOLDERING EFFECT
ON LONDON SPECULATION
BERLIN PRICES ARE FIRM
Unlike the English Traders, the Ger
mans Place High Hope in NegO-
tiatiOns for Peace in
South Africa.

LONDON, March 3O-The knowledge
that the Easter holidays would close the
London stock exchange for four days
from last Thursday had a SOLDERING effect
on what would doubtless have been a de-
cided outburst of activity when the uneX-
pected resumption of peace negotiations
was announced last week. AS a result Of
this condition, the enthusiasm with which
the news from South Africa was received
spent itself in two days, and the remain
der of the week was given to adjusting
accounts against possible contingencies be-
fore the reopenng of the exchange April 2
The cheerfulness over the South African
situation resulted however. in substantial
advances in home rails, conSOs and KAT
frs. The general situation of the South
African section was little affected by the
death of Cecil Rhodes. Americans We're
quiet but cheerful. Money remains scarce,
thus discouraging speculation, but the
large government disbursements at the
end of this week promise temporary re-
lief. Consequently, there is a prospect OF
considerable broadening OF the market
after Easter.
1t is thought that the chancellor Of the
excheQuer will avail himself of that sit
uation to submit a new loan, which, as
Stunning that the war continues cannot
be less than $50, 100000. It is also quite
certain unless the peace negotiations are
successful, which few people dare hope,
that the chancellor must fix the price OF
issue for the new loan at much lower
rate than that of previous loans.
BERLIN, March 30.-The boerse wore
holiday aspect during the week and there
were few transactions, but quotations
were mostly we'll maintained
The market builds great hopes upon the
successful outcome of the peace negOtia-
tons in South Africa, and yesterday S
strong kaffir market in Paris reacted ia
vorably here. Irons Were from one to
eight points higher. Coal shares were ike
wise several points up, Notwithstanding
the fact that trouble is brewing between
the coal syndicate and several members
Of that organization which threatens the
partial dissolution of the syndicate and
that coal operatives continue 10 be dls-
charged.
The iron trade has apparently not yet
recovered from the effect of the crisis.
1t now transpires that the Siegen pig iron
syndicate voted March q to increase the
restriction of the output to 30 per cent,
and that one of the furnaces there damp
ened its fires because Of the lack of Or
ders.
The directors of the North German
Lloyd Steamship company have voted TO
increase the companys capital by 1880
600 marks. The Frankfurter Zeitung de-
clares this increase to be In addition TO
the increase of 10000 600 marks voted one
year ago but which has not yet been
issued This total increase of 20,Go0,O10
marks brings the capital of the North
German Lloyd company UP to 1O0,VO0OO
marks, or equal to that of the Hamburg
American Steam Packet company, Wnen
the increase of 20,O00,00O marks recently
voted by the latter company is included.
The Italian branch of the Hamburg
American Steam Packet company. which
was organized two years ago, is this year
again unable to distribute a dividend.