SLUMP IN THE MARK.

Waikato Times, Volume 97, Issue 15270, 21 June 1923, Page 5

SLUMP IN THE MARK.

ECONOMIC CRASH IMMINENT. THE PEOPLE BECOMING RESTLESS. Australian and N.Z. Cable Assn. LONDON, Jun*l9. The Berlin correspondent of the Daily Express states that the latest Slump of the mark is not accompanied by wild scenes as on the occasion of previous slumps. The mass of the people no longer has sufficient money to purchase bare necessities, and shops are nearly empty. Storekeepers are watching the fall of the mark and steadily rising prices. Practically all retailers have ceased calculating in marks and are using dollars instead. Germany's masses are showing signs of unrest. A committee of the Reichstag is considering the cause of the slump, but it is unable to discover a scapegoat. The opinion is generally expressed'that unless means are found for avoidinga catastrophe German currency will follow the Russian rouble, and an economic crash is bound to" fol.low a-financial crash. The Prime Minister, Mr Stanley Baldwin, at a conference with representatives of the Labour Party and Miners' Federation, said that tlie position .in the Ruhr was adversely affect'lng British industry. As far as any one man could do anything he was using his utmost endeavours to bring about a settlement.