THE GERMAN MARK

Dominion, Volume 9, Issue 2870, 7 September 1916, Page 5

THE GERMAN MARK

29 v PER CENT. DISCOUNT IN HOLLAND; During tho past throe months tho positiou of German credit in America .and in Continental centres has' shown littio improvement, states a special article in tlio 'Westminster Gazette." In the. middle of the period covorad by the aocoinpanyiug chart it -will bo sewi that an heroic effort -was inodo t<? lwstaro tho mark to something liko its normal yaliw; but tho patient, apparently, was iihabte to profit permanently by tho attentions of its physicians.' Alter shoving considerableimprovement in May from the worst positions, the New York and Continental exchanges registered disoounts against the mark at tho end of" Juno almost as serious as thoso Tccordod at tho and of tho first quarter of the year. In NewYork and Switzerland the mane started the quarter under roriew at a discount of nearly 25 per cent. For the first two months it showed a steady inclination to climb out of lio depths towards its aiormal position.; but at th» end of May tho economic protsuro onoa more controlled the situation, and at the close of the quarter nearly al!_ih9 improvement recorded in tho.New Torx exoliange on Berlin ov«r tho March quotation had disappeared, while, th* position in Switzerland was vary Uttte better. In tho case of Holland tho mark was at a discount of 29} per cent, on April 5 but on May 10 it had Improved to ":jl per cent, discount. Then it gradually fell away until at the and of June tho quotation, was 2CI per cent, below the normal. Tho Danish exchange on Berlin was nearly 31 per cent, discount .it the beginning of tho period covered by the chart; and in spite of tho upward roovoment associated with the month of *lay, the closing quotatiou for June Kill' showed a discount of 29 per cent. Iho particular* given in the chart indicate the value of tho mark on tho Wodnesday i-i each weok in respect of tho four exchanges dealt with. I'or thres of- th? centres covered by the chart th* story ot the mark is continued down to Wednesday, July 5, and it will be seen that, in the case of New York) there was an improvement to tho oxtont «f one-half WX cent, over thu meowing Wednesday, while Switzerland an,! Holland t>ach shovr a further doo'lne of about ono-h-ilf par cent.

Date of Now sinker- De-a-nnotation. York, laud- Hbllann. in<vvi. Cents, i'ranos. Gulden. Kroner. Per Tor Ter Per 4mks. 100 inks. ltd inks. JiPruke. Gold pari- , tie? 95.23 125.4S 8956 S8.69 . il 5 il 72 93.'lc 41.89 61.5* 1 7ofl 93.20 «.00 . 60.70 19 74J (MS) W.87J- 0J.70 26 74| 95.95 44.5a} 62.2s ; 761 9US 45.15 «t25'. 10 77 97.55 45.35 SI JS 17 '.'70S ,.?7.75 45.07i 61.09. vr n ..Wl 97J?.j 44.S0 •«£<§: 31 771. 97,00. 44.62i. &3S: .. JU T"' 763 96.92J 44.40 ' 62.00 14 7515-16 M.75 44.221 62.15 21 ......... 75 96.25 4J.K1 «,Z5. 2g 72J 95.75 43.65 65a5 t Ju l y ;, 73? 96.60 43.45