GERMAN POLITICS.

Manawatu Standard, Volume LII, Issue 6, 7 December 1931, Page 8

GERMAN POLITICS.

BERLIN, Dec. -5.

Herr Adolf Hitler, receiving a number of journalists, predicted tne advent of his party-to power within a few weeks, certainly within a rew months, lie deilare-t xuzc German,* was unable to pay both her reparations and commercial debts. In orcer to do ~o she must export goods to the vaiue of £'2,500,000 or _ £3,000,fX0 yearly, which was impossible. , A Nazi Government, Herr said, would be or soared to honour private debts, hut would be unwilling to paj the idounroiis exiortion pa=.sir.g under the name of reparations. DROP IN GERMAN SECURITIES. NEW YORK, Dec. 5. The German debt problem and the po&dbilitT of Germany dropping gold standard, though the latter move is regarded as lisely to occur only as a Last resort, are held responsible terday for a violent break in stocks, a iall in grains, a softness in bank shares, and a drop to a new Lew level of all German bonds. . . A long list of German issues sold at 16 to 25 per cent, below par value. International 5j per cents, were soiu at 25 dollars for tee first time, against 91 dollars offering eighteen months ago. In addition to United States Steels, new low levels for a bear marnet were made by YVesbem "Union r American Csn, Werringkonse. American ana Foreign Power, Radio Corporation (pref.), Erie Railway, Kreuger and Toil.

to par the no nitrous extortion passing under the name of reparations. DEOP EV GERMAN SECURITIES. NEW YORK. Dec. 5. 5 The Genran debi' problem asd the, possibility of Germany dropping the, gold standard, though the latter move, is regarded as lisely to occur only as a; Last resort, are held responsible to-day for a violent break in stocks, a :aH in grains, a softness in bank shares, and j a drop to a new kry level of all German bonds. . ~ I A long list or German issues sold at; 16 to 25 per cent, belo-sv par value. In-1 temational 5} per cents, vere sod at 2-5 dollars for tee first time, against 91 dollars ofieridg eighteen months ago. In addition to United States Steels, neTv low levels for a bear maraet vrere made by Western Union, American Can, i Westinghotise, American ana ; Poster. "Radio Corporation ipref.), Ene j Railway, Kreuger and TolL