GERMANY WAXING FAT.

Manawatu Times, Volume XLVI, Issue 2694, 12 July 1923, Page 5

GERMANY WAXING FAT.

THE LOWER MARK PALLS. BERLIN PLEASURE RESORTS THRONGED, EVERYBODY SPECULATING. [By Electric Cable—Copyright.) [Aust. and N.Z. Cable Association,] (Received Wednesday, 8 p.m.) LONDON, July 10. The "Daily Express's" Berlin correspondent says a curious feature of the exchange situation is that the lower the mark falls, the greater seems to be the material prosperity of [individual Germans, and of the. smaller officials particularly, who a year ago had a struggle to live. Now they dress in silk shirts and enjoy other luxuries. While Herr Cuno paid £3O a month and other Ministers £27 for apartments, they live rent free ana have motor-cars. They live at the expense of the State. Deputies receive £7 a month, but they have numerous privileges. Beautiful villas in the fashionable suburbs of Berlin are being built in largo numbers by Germans who arc making fortunes on the Stock Exchange. Luna Park, which is Berlin's Coney Island, has never had such success, while hundreds of people arc unable to obtain admission to the theatres, and all the cafes are crowded. The explanation is that everybody is speculating in shares, which increase as much as 50 per cent, in a day and practically none fall in price. Excitement among all classes is tremendous.