The New York herald., 1922-02-13
BOERSE OF BERLIN
EXPECTS A BOOM
Industrial Shares Going Up in
Belief Mark VIII Be
Stabilized.

Special Gable 10 THE New YoaK HERALD.
Copyright. 1929. by THE New YORK HEsaID.
New York Herald Bureau.
Berlin. Feb. IT,
The recent strike of railway and mu-
nicipal workers did not have any marked
effect on the activities of the Berlin
Boerse. On the contrary, many munich
pal shares experienced a shnrp rise. The
public. however. has adoptod a very re-
served attitude. business a. the Boerse
being done almost exclusively by banks.
Now strong participation by the public
in stock market business is expected.
However private clients of Boerse
members when taking up business again
will find the situation much altered. with
quotations considerably higher. In the
money market the dollar fell to 199
marks 1t is the general opinion in
financial circles here that. barring un-
| foreseen political developments. the
mark will stabilize around the rate OF
balf cent. This situation Is expected
to last until the Genoa conference
begins.
Prophecies as to the developments In
the stock market are for lively business
during the next few days. High quota
tons for most shares. especially in pot
ash and coal interests, are expected to
stimulate the public to buy, because a
further rise in these shares Is generally
expected. In fact the Boerse is looking
Forward to boom in industrials shares
resembling that Of last fall.
There is strong demand for indus
trial and shipping shares, among the
latter particularly those of the Ham
burg-American Line. The shares of rail-
way car factories and banks likewise
are very firm. The total deposits of
foreign persons and firms in the banks
IN Berlin is announced to be $4,000, ,OOO,-
600 marks. This figure was higher by
several billions some time ago, but
owing to the recent crisis in Italy's
money market great sums were with
orawn from Italian accounts in Berlin.
a considerable number Of new ac-
counts have been opened here recently
by Scandinavian clients of Berlin banks.
The Hildesheimer Bank is the first among
German banks to publish report Of last
years activities. 1t has been successful
While last years administrative ex-
penses amounted to 5,S00,00o marks
against 100000 the year before the
net profit was 100000 marks, against
100000 the year before. dividend
OF II per cent. was declared, which
was 2 per cent. more than for the pre-
vious year.
Among the Industrial concerns the
bieiiicuo- AldlSHe SOiIlpdIy ana tne BIC
mens-Schuckert Company published re-
ports. The net profit Of the Siemens-
Halske Company last year exceeded 37.-
100000 marks. against 100000 marks
the previous year. The dividend will
be 20 per cent. against IA the year be-
fore. The net profits of the Siemens-
Schuckert Company were over 22.000,000
marks. against 100000 the previous
year. A dividend of 16 per cent. was
declared. against 10 the year before.
The general assembly Of the North
German Lloyd Line which took place
at Bremen decided to increase the COM
pany's capital to q total Of 100000, 900
marks. It was decided to issue 125. 900
preferred shares with a nominal value
Of 1000 marks each after paying up
in full per cent in preferred dividends
to the stockholders. Each of these
shares possesses q double vote to be
used whenever there Is danger of for
| cign capital trying to obtain control Of
the company. Business prospects were
declared to be favorable. Representa-
| tives of the company announced that the
friendly relations and cooperation with
United States lines will be continued
without formal contract.