| Show MONEY ONEY EASY IN BERLIN BERLINt t German Financial ial Conditions I Show an Improvement UNSCATHED D BY nY LONDON It INDUSTRIAL STOCKS CK WEVER H FEEL A DEPRESSION I Berlin Jan 8 The fears of or the Lon Len Lonten London ten dots sad and New York money none markets have left loft Berlin comparatively untouched The New ew Year Yr with a remarkable I plethora of money Although Brussels and Paris have discontinued discounting here the banks n have resumed lending et their position i having been im tnt immensely mansel strengthened by tho meeting a week ago of tie the Prussian bank and the Deutsche Grund bank The public nubile Is now regain lim confidence In ha these Institutions and the return of ft their elO obligations I J has almost J ceased On the other hand ft the sd demand for mortgage bond obligations Is begin beginning nine ning afresh f b The effect of the advance in the Bank of rate was unusually slight Hitherto the tche had always an answered answered answered to the Bank of England advance In the present Mile ease however notwithstanding standing the unprecedented pressure tiUn of or Dec 31 u the reiCh rate of discount will aill be maintained The market considers this a certainty owing to the recovery since Jan 1 The private rate of discount toll fell rapidly to 3 per oer cent ct nt but rose again to 4 per percent percent cent In of or the price in the tho Bank of rate Call money mone I however was waR abundant at 4 per cent The market believes the will maintain the present official rate until the Bank of reduces lO Us its rate Otherwise the could make moke a reduction sooner Foreign exchange rose rosei In i consequence of ot the rise In the Bank of rate The bourse followed New Yorks boom in railways Berlin believing the thins to be overdone Among the tb transAtlantic securities Canadian Pad Paci Pacifies flea fies took the lead Industrials encountered more morn unfavorable able Influences among arnon them the decision of the coke syndicate to Its reduce production bit tion 5 S i ner ner er cent ent Other In ln Influences were wore the too reduction In iii the price of rolled rol goods In South Germany the restriction in output by bv the pig pili iron irol syndicate and the attempts of thE sheet mills to get reduced prices for the materials under contract The Cologne Gazette asserts that price once reductions af at affect feet nearly ne all finished goods good and antI it paints the general en iron situation black The lower Rhine silk v market markt D rk re rt reports reports ports say sav that American orders remain scarce ree and the manufacturers manu regard the American market as permanently lost |
