The Archive · 1937

BERLIN BOURSE

Berlin, Jul;

When the bourse opened fto-day, demand was registered in almost all sections of the share market but as the material was exceedingly scarce. prices again showed a disposition to advance although only in special cases were the rises more than 1 per cent. Bank shares were in special demand. This sudden return of the desire to invest was attributed to the general effect produced by the signature of the Franco-German trade treaty foreshadowing a better collaboration than heretofore between the two neighbour states. By com parison with this development nea at home the events in China did not weigh too heavily on the bourse especially as the prevailing opinion is that a way out of the crisis will be found, After the first batch of buying orders was executed, the operators in some cases began taking profit so that the price movements became irregular. The business however remained animated and the turnover considerable.—Minings lignites and potashes improved. electrics were not quite uniform.

On the fixed interest securities market a search for good investments was also recorded. Reichs Old Liquidation Loan reached 1262/5 per cent, Prussian Land Mortgage Bonds were not noted because no material was available, Harpener Bonds rose 1 to 12915, Dye Trust Bonds advanced to 134%, Call money stood at 2% to 2% per cent, Reichsbank 21334 unchanged, German Dye Trusts 16714 up 1, Salzdetfurth Potash 168'4 up 13$, United Steel Works 124 unchanged, Mannesmann Pipes 128 up %, Harpener Mining 180 downs, German Mineral Qils 153% down %, Continental Rubber 191 up % Siemens & Halske 223 unchanged, AEG 132% up Rhenish-Westphalian Power 13434 down 4, Hamburg-Amer Line 1934 up 34. North Gem up X Bemberg Rayon 152% up 1t, Deutsche Bank 12% unchanged, Deutsch-Asiatische Bank 870 down 15, Young Loan unquoted, yesterday unquoted.

Reichsmark quotations without guarantee: New York 40.22, Amsterdam 7298 to 73., London 12.348.

s quoted sterling at 127.97 to he U.S. dollar not being quoted Trans-Ocean,

Text read from the printed page and cleaned; old type leaves the occasional error.

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