The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-03-30
GERMANY'S TRADE
FOR THE YEAR
ESTIMATED
Imports From the United
States Show a Decrease of
5O,OOO-London Mar
ket Suffers Froma Nervous
Attack-CIoth Merchants
Less Indifferent.

BERLIN, March 29.-The stock mar
ket last week again followed the sit
uatlon on Wall street with the keen
est interest. The Frankfurter lettings
weekly review says:
Among all the factors influencing
the boerse none was so strong as the
weakness of the New York market to
which must be chiefly ascribed the fact
that most quotations here shaded off"
Among other factors tending in the
same direction was the drop in Eng
lSh consols and Spanish tours. New
ertheless, the undertOne of the market
remained strong and yesterday the
market showed greater independence
OF New York and London.
Domestic government loans held
their own. Foreign rentes were mostly
duH IN sympathy with Spanish Tours
which We're sold in enormous uuanti-
ties upon French and German account
because of the resignation of the
Spanish finance minister. Domestic
bank stock was dull. although quota
lions were fairly maintained. Not
withstanding the continued favorable
reports from the iron industry, iron
shares broke several points upon pro-
mt taking, but recovered strongly yes
terday. The price of hoop iron was
raised 1-2 marks per ton last week.
1t was announced that Krupps will
make extensions of works costing So
100000. The final estimates of Ger
many's trade for the year 1902 are:
Imports, $455, 445, 900, an increase of
$23. $4,000
Exports, $1,2O9, 285, 900, an increase Of
$75,122 800.
The imports from the United States
were $227,775, 900, a decrease of 1872
100000; the exports to the United
States, 112,300000, an increase of $I5,-
$4,000.
London Market Is Ratified.
LONDON. March 29.-The stock
market last week suffered from a Sc
we're nervous shock. Responding to
the reduction of interest which begins
this week, the scarcity of money, real
tZations by holders on borrowed mon
ey and the fact that the TransvaaI
loan is a better investment consOla
started down hill and everything else
followed their lead. Ratified by this
slump in Great Britain's premier Sc
curity. the stock markets have been
doing little else than to discuss and try
to replace the cause. The situation
at the end of the week held out little
prospect of an improvement in con-
soils or in any other department until
after the settlement at the closing of
the financial year this week, when it is
hoped that the bank rate will be re.
duced and money will circulate more
freely. Americans were uneasy through
out the week and fell in sympathy with
Wall street yesterday, but the ten
dency at the close was better than the
figures indicate.
Cloth Market Less Indifferent.
MANCHESTER. March 29.-The
cloth market was somewhat less de-
pressed last week and merchants were
less Indifferent, though considerable
difference remains between the buyers
and sellers, and the turnover was quite
moderate. There were some inquiries
from India. but the offers were mostly
impracticable. as were also the offers
for the favOrite China staples. The
Levant trade was also unsatisfactory.
Yarns We're quiet the leading fea-
ture being the absence of any in
quiry.