Omaha daily bee., 1903-01-19
Foreign Financial.

LONDON, Jan. 1S.-Business during the
past week on the Stock exchange was
without feature, with the exception Of
Kafflrs, which were generally firm on re-
ports of the settlement of the loans and
the war contribution of Colonial Secretary
Chamberlain's official announcement at a
banquet last night at johannesburg changes
the figures of the government loan by
a65, 200, 1000, but the dehnit announcement
doubtless will have a beneficial effect on
tomorrow's. opening; Consols have weak
ened slight in anticipation of this loan.
Interest in the American department zen
tered on Fries on rumors, denials of which
apparently not deterring speeulations, The
regular, although Saturdays closing showed
strength, pointing, it. is thought, 10 the
arrival of gold from New York. The for
eign market was dun, but with a tendency
TO improve. Money remains scarce and is
likely TO continue so until the end of the
BERLIN, Jan. 1S.-The bourse showed
several strong features last week. While
of Finance Rh~einbaben's pessimlstic utter
ances on the business situation and lower
estimates in the Frussian budget for rail-
road supplies than were expected, value
were generally maintained. The most
striking feature of the week was the re-
covery In the shares of ocean navigation
dividend OF the neutrality-suspicious. Steam
Packet company would reach AZ per cent,
as against 6 per cent last year, whereas
operators had expected a dividend of only
3 per cent. The statement issued by the
Hamburg company that the outward freight
market had greatly improved through
aided the recovery. The foregoing an
nouncement carried the shares Of all ocean
navigation companies up strongly. the
Hamburg-American gaining $40 and North
German Lloyd 1.60. hut yesterday a Bremen
news agency announced that ,he earnings
this year OF the North German Lloyd com
pany would he 1900. 600 or 5000 OO marks,
as against 100000 marks last year, and
the company was probably passing a divi-
dend owing TO heavy Write-Offs. The last
dividend paid by the North German Lloyd
was 6 per cent.
The second feature OF the market was
the strength of the coal shares as a result
OF the coal scarcity in the United States.
the abolition of tho coal duty I'm that
lish coal to the United States. Coal oper-
ators argue that there will be an Increased
demand for German coal as a result of this
diversion OF the English surplus.
Irons barely held their own this week.
Notwithstanding the fact that the news
from the producing centers was mostly
somewhat better. Other industrials, espe-
cially zines, textiles and real estates, were
firm. Banks were moderately high. Do
nestle loans were weak. Domestic IS de-
ciined slightly and this market was prac-
tically without buyers, owing to the forth
coming new issues.
cially Russians, which touched their high
est figure as a result OF the good impress
sion created by Finance Minister Wittee's
budget report. The Turks, Portuguese.
were also very strong.
Money rose moderately the middle of the
week. owing TO demands for the epaymen
OF loans to the Reichshank and heavy offer
ings OF American drafts. Rates are now
down. money being very abundant and the
demand light Foreign exchange Is ac-
and New York. Exchange on New YORK
rose 2pfgs during the week.