MARK SLUMP.

Grey River Argus, 12 October 1922, Page 5

MARK SLUMP.

j WOKSE THAN EVER. [A. and N.Z. Cable Association.] I (Rec. October 11, at 5.5 p.m.. I LONDON, October 10. ; ; The exchange rate on Berlin is now no few-er than 12,150 marks io Ihe This further slump is due to e?;ueptional pressure to sell in. the absonc’ of any demand for marks. It. is re- ■ ported the fail is iacx!>iuu Ide as yetIf has provoked in 8e ,,:, i :t' .' i buy securities not depi ~ii:g on uuwey rates, and to buy j'oieign cumin ie* from the Government; the importers! ami industrialists are comp' against each i.'dier. German oil shares from U-'Oii to UOU'I per w nt. Shipping i find trade returns in Germany ar« i j MA RTC S COLLAPSE. LI TISH NOTES THE CUBRENCY. j IJ-KIJLiX. 0.-tober P>. | The Government st :i i i.-I'u-s show that the ilisnst roils we'npse of the nn.rk i was folh.we.l by a bii; im-reaso of . imiier neiiiee nml :m iiiiiirei'odente'l ’ increase in I'oaiiiii: debt business. The | on industry for ton i”ii payments lor j raw material, ami the purchase of tor- ' eign food supplies. The m: rk is rap- i idl\’ laoning into disuse, even in most j minor transactions. Ihe firms are 1 turning their money deposits into rueign. values. They invariably ask for pavment in British bank notes, hlpecii- I the public, nevertheiws the fact, re- | mains tint the va.i’.m of the bank notes is still mainly determined by the ease or d filvulty Avitii which they are obtain- hie. The mure that are printed, tlie < imaper I liny gx t.