Berlin, Nov. 14.
The money market continued to be very liquid, the demand for first class investments being as before stron and gaining an adequate supply by the considerable amounts of sola bills of the Gold Discount Bank taken up in the last few days. Nevertheless the money market is expected to remain liquid as the end of year settlement is now approaching.
The share market continued in 2 very uncertain state but the heavy declines in price in the first half of the last week were more than balanced by the continuous rise during the current week. The price level now reached makes the ordinary dividends insufficient to give a fair return on the invested capital so that profit taking is common but the general view is that the prospects of profit earning are now much brighter so that a compensation seems possible. Great curiosity prevails as to the terms of the loan stock settlement due at the end of this year because the ultimate terms of settlement will indicate the future policy of the state towards the pay utilization of the joint stock company dividends.
Fixed interest securities continued to be firm gold mortgage bonds being still scarce. Reichs Old Liquidation Loan advanced considerably because of the approach of the date of the annual repayment lottery.
Text read from the printed page and cleaned; old type leaves the occasional error.