The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-09-15
BERLIN BOURSE VERY BLUE
GERMAN CHANCELLOR HAS POW
WOW WITH THE KAISER.
French Rejection OF German Proposals
to he Presented To-day German
Papers Resent lmputation 0f Griev.
Bebei Helps the war Party.

| the newspapers the bourse has not been
able TO conquer its nervousness. IL tried
| for a cheerful opening to-day, but the
reports from Paris and London caused
feeling Of depression, although there was
no actual slump in the market.
IL 10 expected that Ambassador Jules
Cambon will present tho French reply
to the German Foreign Office proposals
, on Friday or Saturday. The contents Of
tthe reply are practically known. They
we're doubtless discussed at the audience
which the Kaiser gave TO Chancellor
Won Bethmann-H Hollweg at Pottsdam this
forenoon
Some irritation was manifest here
regarding the success Of France in con-
vincing the European nations that Ahe
had complaint and that Germany was
making exactions. The Lo,;di Anseiper.
which habhually assumes to have official
inspiration. declares that the boot is Oh
the other leg. The speech Of Herr Bebel
before the Socialist Democratic con-
gress' at Jena is generally regarded as
OF first rate Importance and must on the
whole he considered IA ging
IL was to the effect that Germany must
share equally in thelcommercial develor-
ment Of Morocco with France and that
nobody should be privileged. He de-
Dounced the belhcose speeches OF Lloyd
George and Kiderlen- Wachter.
! Ii is asserted that Herr Gunner. the
| director OF the Deutsche Bank. has told
the Chancellor that the Morocco matter is
becoming dangerous and that the uncei.
| tainty must be ended. IL is pointed out
that if the public withdraws its money
from the banks there will be no funds for
war.
LONDON. Sept. Is. A Paris despatch
says that Frances reply to Germany. has
caused a sense OF public relief and that
there is an inclination to optimism. The
mischievous canard regarding the opera
tions Of the army on the frontier rufYled
the Bourse temporarily yesterday. There
was depression. but no slump.
Regarding the shortage Of gold which
has 30 affected the Berlin Bourse it is
worth while neporting that for the week
ended September 10 there was dis
proportionately large thminution OF the
gold stock in the Bank OF France. which
II is known. has for some time been calling
iR-large amounts Of gold. The stock
decreased f8s2 $50 within the week. The
official explanation ascribes the shortage
to the payment Of the Argentina loan,
but il is reported unofficially that the
Government has been replenishing the
military treasures throughout the
country
Although the Congo concessions to
Germany have taken the background
pending the settlement Of the Moroccan
question there are indications in France
Of coming opposition To the handing over
of territory. Among these protests is
an eloquent appeal by the Countess de
Brazza. the widow Of the explorer who
opened up the French Congo. She re-
calls The sufferings OF her husband and
asks II his sacrifices will be disregarded
and the results OF them handed over to
a foreign country.
LoSpoN., Sept H.-Pessinhstic views
in regard to Morocco prevailed in every
department of the Stock Exchange to day
1t was accentuated by more liquidatio
on the Berlin and Brussels bourses.
The state of uneasiness on the London
Stock Exchange in Capel Court is not 10
be traced to any new conviction of inter-
national trouble. Indeed. the brok err
are generally optimistic as TO the out
come Of the Franco German situation.
but a number OF political and socio-
economic developments have tended to
flatness in the market
To-day's depression is the result Of the
cumulative influence. II ia mot to be
doubted that a favorable settlement OF
the Franco German imbroglio will aw ak er
things all round. The recovery. howev er
is expected to be only temporary
There seems to be- no ground for sin
lister inferences with regard to the stop
ping Of leave in the army Individua
, commanders have been empowered tc
, use their own discretion. and while som,
men have been limited to a stay of no
later than October I. others are not lin
tied at all. At Aldershot it is reported
that leave has not been restricted to tn,
men, and certainly general restriction
has not been ordered.
, The other military and naval manpu
vres upon which the scaremongers ar
building a foundation for story ar
: only usual. Nevertheless. until the Mo
, rocco situate is settled there cannot b
, solid optimism. Germany's demand 70
I 80 per cent of the railroad and othe
transportation facilities and go per cent
OF the Sus district Is regarded as impossi
. BILE in official quarters.
1t was rumored at the Constitutions
Club tonight that Germany had acceptec
the French proposals with regard t,
Morocco. But 1t was a mere rumor ant
Of course premature at the best.
PARIS. Sept. 1.-THE Potrie printec
to-day in a special edition a Telegram
, from Luneville. in the Department o
Muerthe ct -Moselle. VIII ich announced
that company OF French chasseurs ha
just galloped on to out of the retreat o.
company OF German Uhlan cavalry
which crossed the frontier and rode I,
within seven kilometers OF Luneville
The story was emphatically aud officall,
denied with great promptitude. Th
yarn. taken in conjunction with the new
hat 100000 German cavalry and artiller,
had concentrated on the Belgian frontier
caused great sensation.
special courier started from Pari
for Berlin late last night carrying
the draft OF Frances reply to the German
proposals in regard to Morocco and
memorandum for the guidance OF NJ
Jules Cambon. the French Ambassador t,
Germany. The contents OF the Frencl
reply were communicated to Sir Franci