HAPPY GERMANS
FALLING MARK MAKES THEM RICH MsA CURIOUS SITUATION By Telegraph.—Press Association. —Copyright. Received July 11, 10.30 p.m. LONDON, July 10. The Daily Express’ Berlin correspondent says: Curious features of the exchange situation is that the lower the mark falls the greater seems to be the prosperity of the individual Germans, and smaller officials particularly, who a year ago had a struggle to live. Now they dress in silk shirts and enjoy other luxuries. While Cuno paid £3O a month, and other Ministers £27 for apartments, they live rent free and have motor-cars. They live at the expense of the State. Deputies receive 140 s a month, but have numerous privileges. Beautiful villas in fashionable suburbs of Berlin are being built in large numbers by Germans who are making fortunes on the stock exchange. Luna Park, which is Berlin’s Coney Island, has never had such success, while hundreds of people are unable to obtain admission to theatres, and all cares are crowded. The explanation is that everybody is speculating in shares, which increase as much as fifty per cent .in a day, and practically none fall in price. Excitement among all classes is tremendous.—Aus.-N.Z. Cable Assn.
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Bibliographic details
Wanganui Chronicle, Volume LXXXI, Issue 18822, 12 July 1923, Page 5
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197HAPPY GERMANS Wanganui Chronicle, Volume LXXXI, Issue 18822, 12 July 1923, Page 5
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