Omaha daily bee., 1902-12-22
Reaction Anticipated.
Foreign Financial.

LONDON, Dec. 21.-The tone OF the Stock
exchange at the end of last week was
cheerful, the feature being the general i'm
prOvement in Americans. Those securities
were uneasy in the early part Of the week,
but closed frmer.. The feeling tina the
end of the money stringency abroad has
been sighted, together with increasing
confidence in the Judgment of Wall street
and a hope that there will be no further
gold shipments to New York and Buenos
Ayres this month has added strength to
the traoinE. At one time South American
Ian situation but they stiffened on later
developments. coupled with the crop report
from the Argentine Republic; Canadian
rails advanced In sympathy with Americans
and home rails were helped by satisfactory
traffic returns and the prospect of better
dividends. Africans were stronger in the
expectation of better conditions In South
Africa. The fact that there is no longer
any fear of an increase In the bank rate
the market Will right itself when money
flows ir January and the indicated rise In
consols contributed to the buoyancy at the
BERLIN, Dec. 21.-During the last week
the bourse has In a manner been influenced
by. the Venezuelan situation. Values re-
NAMED firm under light trading. The sue
cess OF the bank combination for the relief
OF the New York money market made a
good impression here and the prophets
mistaken. The Yossiche Zeitung says 1t
supposes that European financial masnates
supported the New York combination.
OF loans. Money continues to be abundantly
offered here. The rate for the carry-over
reached 81 per cent, but call money was
only ~ per cent. Foreign exchange had
a downward tendency and domestic loans
were firm. Foreign rentes developed con-
siderable activity during the week and al
most all industriels here have gained, par
ticularly chemicals. Several electrical coal
shares weakened upon warmer weather and
the declinei III coke shipments. Irons gained
several points Notwithstanding the fact
that some price reductions were annexed
cate reduced the price OF rails by marks,
and the Siegen syndicate reduced the price
OF foundry iron 2 marks. Shares OF the
Hamburg-American and the North German
Lloyd lines advanced moderately upon
Hamburg buying. The International as
ISOLATION OF sugar statlstic6 estimates the
European crop this year at STATS tons, a
Germany the yield IS estimated at l.7Q,2S
tons, a decrease OF $50, $50 tons. German
railroad receipts for the month OF Novem-
Der amounted to S34. 5000 an increase OF
81, O62. 100 over the same period OF last year.
The foreign trade of Germany for eleven
tons OF Imports. a decrease OF l6,5SS TONS
from the figures for the corresponding
period OF last year. Exports for these eleven
months amounted to 3Ol, S92 ,3S2 tons, an in
crease OF 2,433,3 4 over last year. The eN-
ports OF iron and manufactured articles
Increased $685. H tons during the first eleven
months of 1902 as compared to the hrst
eleven months OF 1901. The increase IN the
expectation OF cement TO the United States
for the time specified amounts to $4,000
MADRID. Dec. 2L-The Bank OF Spain
proposes to establish branches In Havana.
Mexico City, New York and Buenos Ayres.