The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-02-23
VOLUME o. TRADING
ON BOERSE WAS
SMALL
Consolidation Coal Company
Seems to Be Doing Pretty
Well, Judging by the Divi-
dend Standard-Dull and
Featureless Week in
London.

BERLIN, Feb. 22.-The boerse had
a quiet week, no department showing
great activity. German and foreign
government bonds were not traded in
in the usual volume and mostly weak
ened moderately. The annual state
ments of the domestic banks are be-
ginning to be published, the market
giving much less attention to them
than in previous years. The state
ments thus far have not wholly sat
isf1ed the market, hence the bank
stocks have reacted from the high fig
ures previously reached. Heavy trad
ing was done in industrial shares, but
without a uniform tendency. Coalers
were unusually strong upon the dec
Iaration of a q per cent dividend by
the Consolidation Coal company, the
same dividend as in 1901. Consolida-
ton Coal company stock rose 20 points
on this dividend, other coal shares ad-
vancing alphabetically. Iron shares
were mostly somewhat higher. All the
German casttron piping mills have
formed a price agreement and reports
from the iron market continue to i'm
prove. Electricals had moderate re-
action after the heavy advance record
ed during the previous weeks. Textiles
were unusually active. Wooden mills
were generally lower, but linens and
cottons rose strongly, the latter upon
the large advance in cotton and yarns
during the month. Clements were
heavily dealt in, owing to the conven-
ton for fixing the price Of cement, but
the shares were mostly unable to
maintain the high quotations they had
already reached. ga
Hamburg American and North Ger
man Lloyd shares We're mostly lower,
and there were few dealings in them.
Money was offered for the monthly
settlement in the greatest abundance,
but could hardly be placed at the low
est rates. The London Exchange is
again rising, and 1t is believed that
gold will go to London this week.
Dizziness Most of the Week.
LONDON, Feb. 22-The stock mar
ket opened and closed with a fairly
good feeling, but in the middle of the
week it showed evidences Of the dull
ness which has ruled business here
since the opening of the year. Consols
struck the lowest point they have
reached this year, because of home
selling, but they rallied yesterday.
American rails were listIess, Grand
Trunk again being the feature of trans
Atlantic dealings. There is, however a
note of returning confidence in Amer
leans, especially industrials. IN, .-.-
The feature Of the week was the
failure of the New Zealand loan, of
which the underwriters were forced to
take So per cent The bank rate re-
manned unchanged, and this was a dis
appointment, and had a depressing eff
feet on business, as it had been ex-
pected that 1t would be reduced.
Cotton Advanced.
MANCHESTER Feb. 22.-The cloth
market was unable to keep pace with
the advances in cotton, which are
greatly disturbing trade. Moderate
business was transacted at full rates,
generally in small lines. The buyers
were largely spectators. The Indian
market was quiet and especially in
the higher grades of Calcutta shirtings.
There were fair transactions for China
at something less than sellers have
since been quoting. The demand in
other sections of miscellaneous oper-
ations was restricted. The producers
were firm in their demands, being well
supplied with orders.
The yard market hardened. Ameri-
can and home trade qualities were in
demand. The turnover was much be-
low the average, spinners not being
anxious for business, as they are gem
orally fully engaged.