Berlin, Feb. 13.
The demand for suitable investments was again very much stronger as shown by the increased applications for Gold Discount Bank sola bills, private bills and Reichs treasury bills being unobtainable. The demand for good investments also made itself felt on the capital market, 4% per cent. gold mortgage bonds being allotted to applicants only to a fraction of the amount applied for. The shortage in this class of investment diverted the attention to city loans where the stock is also becoming short, prices rising in consequence. The share market is however uncertain and fluctuating. This is explained by the fact that a great many of private, nonaryan banks have recently changed hands, this resulting in realisation preparatory io the emigration of the owners.
The share market has in consequence often been flooded with more shares than could be placed with investors. In most cases the stock put on the market were for obvious reasons shares in leading companies such as Rheinstahl Harpener, inesmann, Siemens and others, explaining why these shares should be the ones subject to the greatest fluctuations. Bank shares were however noticeably resistant with the exception of overseas banks.
Text read from the printed page and cleaned; old type leaves the occasional error.