Berlin, Oct. 24.
The money market has again become very liquid, the natural result being an increase of the sola pro-misery notes of the Gold Discount Bank to about 700,000,000 Reichsmarks, Sola bills have much increased in popularity of late: because they can be instantly discounted at the Reichsbank in' a state of emergency and hence in practice do not decrease the liquidity of the holders.
The money market is however not so liquid as a year ago partly because of he increased taxation such as the company tax but more so on account of the utilization of profits and reserves for the self-financing of industrial transformations required by the Four Year Plan.
The share market was not greatly affected by the state of the money market however as money seeking vestment is plentiful but suitable stock scarce. For the most part stockholders refuse to part with shares except in necessity. Hence a certain amount of selling on foreign sceount proved to be welcome to many investors, the stock being easily placed. Apart from this however the general bourse business was quiet, many investors being indisposed to venture while the international political situation is so strained, The bourse turn-over does xot however always indicate the real amount of business done as many transactions now take place outside ihe bourse altogether.
The fixed interest securities market was quiet but prices on the whole firmer.
The following were the quotations of some of the leading German firm on October 18 and 23 respectively:
Reichsbank 20125 207.75 German Dye Trust 160.625 16025 Salzdetiutth Potash——16000 United Steel Works 117.00, 115625 Mannesmann Pipes 118.125 11800 Harpener Mining 179.00 17700 German Mineral Oils——14500 144875 Continental Rubber 184.125 1815 Siemens & Halske 21100 210.00 Generel Electrics AEG.—125375 124.00 Rhenish-Westphalian Power 131.25 12950 Hamburg-America Line North German Lloyd Bemberg Rayon Deutsche Bank Deutsch-Asiatische Bank Young Loan
Text read from the printed page and cleaned; old type leaves the occasional error.