GERMANY’S TRADE.

Wanganui Chronicle, Volume LXXVI, Issue 18248, 5 August 1921, Page 4

GERMANY’S TRADE.

We get but the scantiest of official news from Germany, but every now and then statistics are published which encourage the belief that there is possibly some reason for the French contention that Germany was deliberately concealing her prosperity with the object of avoiding payment of as much of the reparation amount as possible. Certainly, since the amounts of the payments were fixed, we have been getting news that Indicated a much greater degree of prosperity than was anticipated. ’ Berlin reports a remarkable boom on the German Stock Exchanges, stating that there is an abundance of money, and that rumours of vast profits by industrial companies are causing reckless speculation. The new capital issues for the first half of 1921 are stated to total 10,291,000 marks. This tolal is small, but is being given extensive publicity. New York states that German agents are negotiating a short-term credit of 59,000,000 dollars for grain purchases from American bankers, and another credit of 10,000,000 dollars from English bankers, whilst we are advised from England that a credit has been arranged by Germany direct with Dutch banking interests for a very considerable sum, in which British interests are participating. Then we are further informed that Germany has recaptured the toy industry in the United Kingdom, and is making great efforts to regain the piano business. It is said, too, that she has once again become a large buyer of wool. From these operatious it is reasonable to assume that Germany is rapidly recovering and quickly becoming an active competitor for trade in all countries.