Berlin, Feb. 6.
The necessary funds for effecting the monthly settlements was obtained chiefly through the maturity of Gold Discount Bank, sola bills, whose circulation at the end of January amounted to only 490,000,000 Marks as against 750,000,000 at the end of the previous month. At the same time payments for the latest Reichs consolidation loan were completed. As a consequence demand on the fixed interest securities market for good investments is again rising, gold mortgage bonds being very scarce again so that public attention has turned more to communal bonds and city loans, which are also now all nearing parity. In consequence it is generally expected that in all new issues, whether of mortgage or comminal bonds, four per cent. interest instead of 4% will be paid, while with industrial bonds, where five per cent. has been normal, a rate of only 41 will be offered in future.
On the share market the cautiousness of the buying public continued but the tendency was by no means weak in spite of frequent sales on foreign account. Shares of building companies underwent a noteworthy improvement in view of the announcement of the great plans for rebuilding various cities of the Reich, including Berlin. Bank shares have been in lively demand, because higher divi-dands are expected. Exceptions were the Deutsche Ueberseeische Bank and the Deutsch-Asiatische Bank, largely becense of political upheavals in Spain and the Far East.
Following are the quotations of some of the leading German shares on January 31 and February 6 respectively:
Reichsbank German Dye Trust Salzdetturth Potash United Steel Works Mannesmann Pipes Harpener Mining German Mineral Oils Siemens & Halske General Electrics AEG Rhenish-Westphalian Power Bemberg Rayon Deutsche Bank Deutsch-Asiatische Bank Young Loan
Text read from the printed page and cleaned; old type leaves the occasional error.