Berlin, Feb. 2.
The sudden improvement in the share market business yesterday óid not prove lasting the number of wing orders placed being decidedly less and prices declined in censequence. The announcement of a 4 per cent, dividend by AEG General Electrics had no visible effect on the business as this had been anticipated. In most cases the declines of the share prices remained less than one per cent, In certain cases however prices improved, Minings were noticeably weak, lignites neglected, potashs dull, electrics lower.
Fixed interest securities were friendly, state loans firm, Reichs Old Liquidation Loan % better, City loans were offered plentifully. Industrial bonds were again firm, Dye Trusts declined ¥% to 120%, Krupps weakened 14 to 103%.
Callmoney stood at 3 to 3% per cent, Trans-Ocean, from the previous week—Reuter, Continental Conversion of Dollar Balances London, Feb. 2.
"That gold is firmly re-established as the world's best security finds ample evidence in the London bullion market, where, despite a better tendency on Wall Street on two success sive days and the firmer trend of the American dollar, the metal continues to be in very keen demand.
Gold valued at £455,000 changed bands this morning, with buyers paying a premium of 11d. over the dollar parity.
The bulk of the demand for gold emanates from the Continent, where considerable nervousness continues to prevail regarding the future of the American dollar arising from Presi dent Roosevelt's policy which, it is feared, might lead to intensification the inflationary trend.
Many Continental holders of dollar are at present in ug them to Europe and converting the proceeds into gold, while more nervous operators, believing that any devaluation of the dollar is bound to entail simultaneous action with sterling, are also tending to switch from the latter to gold, although the volume of such transactions, hitherto, has not been large.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.