The Archive · 1937

BERLIN BOURSE

Berlin, July 23.

The share market which yesterday recovered powerfully from the depression due to international political causes, was in a very friendly mood y largely because oí a communication made at a general meeting of the shareholders of the Rhenish Lignites Works that the accumulated loan stock would be returned to the company next year for distribution to the shareholders. The board of directors apparently obtained this information from official sources. The result was that the bourse showed renewed interest in loan-stock shares which "accordingly rose promptly Minings were firm. electrics buoyant. potashes weak On the fixed interest securities market the demand from investors was brisk, above all for gold mortga bonds and communal bonds which however continued scarce. Communal Funding Loan reached a new high level of 94.40, Reichs Old Liqui niained the peak r yesterday of 126.80 Harpenei rose 1g to 13214, German Dye Trusts Bonds advanced 14 to 134%, Call money stood at 2 per cent Reichsbank 217 up 2%, German Dye Trusts 170 down 14, Salzdetfurth Potash 167% up 1, United Steel Works 124% up №. Mannesmann Pipes 12814 unchanged, Harpener Mining 17932 down u. German Mineral Oils 1533, down 14, Continental Rubber 191% up 14, Siemens & Halske 2302, up 3%. AEG 134% down M. Rhenish Westphalian Power 13514 up 3: Hamburg America Line 18% down ts. North German Lloyd 20% up Bemberg Rayon 1592; up '%, Deutsche Bank 122 unchanged, Deutsch Asia-he Bank 875 up 10, Young Loan 10412, yesterday unquoted Reichsmark quotations without guarantee: New York 40.26. Paris 1076, Amsterdam 72.80 to 72.85, London 12361.

Paris quoted sterling at 13330 to 133.40 and the U.S. dollar at 26.

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

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