SECOND EDITION. GERMAN REPUBLIC.

Stratford Evening Post, Volume XXXIX, Issue 87, 17 August 1923, Page 6

SECOND EDITION. GERMAN REPUBLIC.

CRISIS PASSSfS SLOWLY. IMPROVEDTONE REPORTED. ; fcrert: Association— Copyright. Aus- | tralian and N.Z, Cable Association. \ London, August 16. Reports from; Berlin indicate that although spasmodic outbreaks continue, the crisis lias ended, at any rate for fhe present. Herr Strese- & maim is infusing an optimistic spirit, and even the Paris press finds little, objectionable in his Reichstag speech. The Berlin correspondent of the Daily Chronicle reports that Herr h Strpsemann’s optimism is proving infections. The iiark has improver!, and people are surprised to see prices* falling;.. The Government promises to take strong steps to increase supplies and reduce prices, while conferences are: l>eing arranged with agriculturists and industrialists with a view to speeding up production and transport. The position of the new Government has been strengthened by the general friendly reception in the foreign press. Herr Cunp is likely to be *the next . German ambassador to the United States, as Herr Wiedfeld .is retiring shortly. .A s: ' , The Berlin correspondent of the Daily Telegraph says, apparently the ‘storm is over. The Communists have issued a manifesto, which’ practically is an admission of defeat. Hie de-

ciine in the prices of food pot only revives hope, bn tarings wSres ont of "their hiding places,, merchants fearing they will lose by holding stocks. If the Retains, its strength a ‘ cpupj© of days Idngef every town will ‘ be* flooded "with potatoes and butter.

. Queued have already' vanished. No h-details $ th© r arrangehieiits between tHp Government* arid bankers 1 are permitted to *be revealep, but every ’endeavour is being made to prevent tjie mark breaking loose again,' and 1 to : galvanise public‘confidence noth a : ' vie\V v to securing the success of the hevv doil&r loan, by means of which the Government aims’ at Hh© creation 1 of a risw currency, which ultimately , Will ■ replace jdie' paper mark.

EXCHANGE BANK PROPOSAL. •' •’ iv ?' - / . if new .money guarantee. i i"'i i ;t ■■ ‘ u (Received 10,55 a.m.) Berlin, August 16. . '■ Herr Helfferich submitted to the Government a proposal suggesting the foundation of an exchange bank which, working independently of the Reichsbank, would prit into circula- ’ oion new money guaranteed by industry, commerce, arid agriculture^ ' I COMMUNISTS FIGHT POLICE. - \ ■ - \> "% •'“ ■'.'‘i'r*MANY CASUALTIES. 1 : ■ v- • ■ ■ £ ( y ;• ,_ , / (Received 13.35 p. m.) ' , .Berlin, August 16. Heavy fighting between Commun- ’ iats and police took place at Datteln, with many casualties on both sides.