FRENZIED FINANCE IN GERMANY.

Manawatu Times, Volume XLVI, Issue 2694, 12 July 1923, Page 7

FRENZIED FINANCE IN GERMANY.

DOLLAR AND POUND IN DEMAND. The almost frantic efforts on the part of the public, foreign as well as German, (o buy something substantia! at any price for marks again rushed up quotations of shares of sound concerns tens of thousands per cent., wrote the Berlin correspondent of a London paper on May 11. The dollar and pound were in good demand on the Bourse, but it was shares in the great iron and steel works which were most desired. In the turnover tf shares of some of the Western mining; and coal industrial firms a profit of upwards of 50.000 per cent was made. The "Borsen Keitung," a leading financial newspaper, says this immense demand for shares in sound financial and industrial groups, is due to the growing conviction that, a settlement of the world war will be ac"omplished not by diplomatic methods but by the parcelling out of Central European industrial interests. Furthermore, it says, the sending of the Krupp directors to prison proves to the most steadfast optimists and pacifists that France is not only determined to carry cm her political aims, namely, the dismemberment of Germany, the separation of Rhineland, and participation in the Ruhr coal regardless of right and. morality and with brutal force, but in the present situation can carry them out. The "Borsen Zeitung" maintains, furthermore, that the proceedings otj German bourses during the past few days are also an expression of the fiasco of the political treatment by Germany of German-French antagonism. In view of the fact, too. it; says, that France is openly discussing the near possibility of French participation in German industry by the. acquisition of a certain percentage of capital the disire of those most, elosely interested to secure as many of their own shares as possible is understandable. The "Borsen Courier," another important financial newspaper, also de-r-ribes to-day's fresh fall in the value of the mark as a result of the sentence hi the Krupp ffireetors. It becomes! ever more clear to the outside world, this journal says, that France wishes not for an understanding with Germany, but her economic ruin, so that it is not surprising that, a larpre. amount of Oermnn paper money is thrown on the market. The 'Tiorsen Courier" adds that the .treat German industrial firms are doing their best • >v closing their ranks to hold up as well as possible against the assault of implacable foes. The paper recrrets extremely that international profiteers ar a?rain In evidnce in the German bourses.