DIVE INTO ABYSS
GYMNASTICS OF THE MARK
"DOUBLED IN WORTHLESSNESS"
GERMAN SHOPPERS' PROBLEM.
(UNITED .PRESS ASSOCIATION. COMMGBT.)
(AUSTRALIAN-NEW ZEALAND CABLE ASSOCIATION.)
(Received 3rd November, 11 a.m.)
LONDON. 2nd XovrmK
The. "Daily Chronicle's" Berlin correspondent writes : The mark made a ie-ora-breaking dive into the abyss, and nearly doubled its woi-thlessncss during the day. The 1 plunge was accompanied by feverish buying on the Stock Exchange and wild speculation in the scrip of the gold loan. This scrip bears the face vdue of. a dollar,.and these German dollars are now selling at about 300.CC0 million marks; thus the new currency is becoming a fresh counter for gambling in food. The goods in the shops aTe now priced at so many gold marks, and at the equivalent number of paper marks; but. as the price in paper is based on the exchange value, the price in gold marks is sometimes changed three times a day. \ '
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Bibliographic details
Evening Post, Volume CVI, Issue 108, 3 November 1923, Page 7
Word Count
152DIVE INTO ABYSS Evening Post, Volume CVI, Issue 108, 3 November 1923, Page 7
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