GERMAN NEWS.

Hokitika Guardian, 19 October 1921, Page 2

GERMAN NEWS.

AUSTRALIAN AND N.Z. CABLE ASSOCIATION. GERMAN FINANCIAL SLUMP. BERLIN, October 17. There has been renewed selling on the German stock market. It caused the mark to decline to 750 to the pound stdrling hut covering operations brought about a slight recovery, the closing quotation lieiag i 35 marks to £l.

GERMAN ELECTIONS. BERLIN, October 17: The German municipal elections liavo resulted in a considerable gain for the non-Socialists while the Communists were heavily defeated. THE, OPPAU EXPLOSION. LONDON, Oct. 17. The “Daily Chronicle’s” Berlin correspondent reports that experts have come to the conclusion that the ruins of Oppau, where the big explosion lately occurred, hold a dread secret-. They believe that the substance which exploded did so because wrong qaantities of certain constituents wero used, thus bringing into existence a new explosive of astounding character, which bursts and creates another substance, which also explodes, Tho chemists arc busy tracking down the error. The new- explanation is duo to a discovery that the material which was supposed to have caused the disaster is intact in large quantities near the centre of the explosion. The rebuilding of the works will commence at- once. The cost is estimated at 250,000,000 marks.