Depression In Berlin.

New York Times 100 years ago today, June 2, 1913:
Announcement of New Loan the Last Straw to a Sagging Market.
Special Cable to The New York Times.
    BERLIN, June 1.— The conclusion of peace between Turkey and the Balkan League failed grievously to bring about the expected radical improvement in the market. The week ended amid marked depression and a heavy decline in prices.
    There were several discouraging factors of local origin throughout the week, but the climax was capped by yesterday's sudden announcement of fresh imperial and Prussian loans aggregating $56,250,000, which will be devoted to the extension of the State railway system. A syndicate headed by the Imperial and Prussian Government Banks has underwritten the loans, which will be issued on June 12 at 97.9.
    The market was taken entirely by surprise at the announcement of the loans, which follow Government issues aggregating $135,000,000. Last February the latter were heavily undersubscribed, and there is much anxiety as to the fate of the new issue.
    Among other disturbing factors which the week brought forth was the collapse of an important private bank in Dantsic.
    Money continues extraordinarily dear. The monthly settlement, it is feared, will not pass over without serious consequences to many houses.