MARK'S FALL.

Hokitika Guardian, 12 July 1923, Page 1

MARK'S FALL.

LONDON, duly 1". The mark closed to-day at 1.100.UL0 to £l. Eon-ion exchanges. Iluetllilted erratically during the day. Ihe Irani.- is ro.So to ii. The •••Daily Express's Berlin correspondent says:- A curious feature ol the exchange situation is that the loner the mark fails, the greater scents to he the material prosperity ol the individual Dormans, and the smaller oHii-iaD. particularly, who a year ago had a struggle to live. Now they dress: in silk shirts, and enjoy other luxuries. While Chancellor Cuno is paid £T' per month and other Ministers £-’< h'i apartments. they live rent tree, and have motor ears. I hey live at the espouse of this State. The deputies releivo 1411 s per lornth. hut have numerous privleges. Beautiful (tllas m the fashionable suburbs of Berlin are being l.uilt in large numbers by Dermal)- who are making fortunes oil the Stock Exchange. , Luna Park, which i- Berlins (cnee Island, has never had such sueress. while hundreds of people are unable to obtain admission to the theatres, ami all the cafes are crowded. The explanation is tnut everybody is s-e.minting in shares, wliielt increase a'- much as An per cent, in a day. and practically none fall m price. The excitement among all classes in Germany is tremendous.