VAST BARGAIN COUNTRY

New Zealand Times, Volume XLVIII, Issue 11047, 2 November 1921, Page 5

VAST BARGAIN COUNTRY

EFFECT OF DROP IN GERMAN ~MAR.Iv FOREIGNER’S PURCHASING MONOPOLY. Australian and N.Z. Cable Association. (Received November 1, 5-5 p.m.) i LONDON, October 31. The “Doily Chronicle’s’’ special Berlin correspondent states that the sadden drop in the mark has' made Germany a vast bargain country. Invading hordes are crossing the frontiers in search of bargains. They deared the frontier towns like locusts, and also the farms, with the result that many stores here and in other cities are empty and shut. The invaders arrive at frontier towns in trains, motor-cars and carriages, some pushing prams, and depart with portmanteaux full of spoil, buying everything purchaseahls from rings and furs to a couple of cheap meals. Americans prefer furs and evening dresses, Englishmen cameras and field-glasses, and Belgians, Spaniards, French, Danes, Swedes and Norwegians dear out drapers, china shops and furnishers. Representatives of half the nations of the world are busy buying up Germany, leaving residents to pay the piper in the shape of rapidly increasing prices. (Received November 1, 5.5 p.m.) LONDON, October 31. Foreign exchange rates on London are quoted:— Paris, 53.37 francs. Stockholm, 17.17 "kroner. Christiania, 29.27 kroner. Copenhagen, 20.63 Kroner. Berlin, 707 marks. Calcutta, 16}d to the rupee. Yokohama, 39 l-8d to tne yea. Hongkong, 33fd to the oollaP Montreal, 4.27 dollars. New York, 3.94 dollars.