Berlin, Aug. 7.
The monthly settlement, passed smoothly, private discounts and other first-class accommodations being offered in normal amount. The Reichsbank was not overburdened.
The readjustment after the monthly settlement also passed off easily so that the money market is now. again normal. The bourse expects that in the near future another—consolidation loan will be floated. This view arises from the development on the fixed interest securities market where almost all 412 per cent. gold mortgage -bonds and other investments are % to 1 per cent. from parend certain of them well above. This is raising the question whether the time has not arrived for another large scale conversion. For many types of fixed interest securities a new conversion might offer the debtors few advantages since the payment of the contemplated of a bonus of 2 per cent, or more might completely set oft the lowering of the rates of interest rates by % per cent. as envisaged. On the other hand the postponement by some years of the repayment date might be more welcome both to debtor and creditor, The fixed interest securities market which was exceedingly animated till a week or two ago, has grown steadier as most inva: ments are now near parity. The business on the share market remained dull except where measures to the food supply or the increase of the iron ore, production in Germany from home ore directly influence the companies concerned Bank shares have been in favour with investors because they seem to offer a better credit security. Both in the case' of the Commerz & Priyetebank and the Dresdner Bank large quantities of shares have recently passed into private hands again.
The following are quotations of some leading German shares on August 2 and 7 respectively:
Text read from the printed page and cleaned; old type leaves the occasional error.