UNFINANCIAL.

Stratford Evening Post, Volume XXXVI, Issue 34, 14 June 1913, Page 5

UNFINANCIAL.

_ THE MONEY MARKET. GERMANY'S PLIGHT. [By Electric Telegraph—Copyright] [Unite" Press Association.] London, June IS. Mr Oppenheimer, British ConsulGeneral at Frankfurt, reports drawing attention to the ill-uffects of ft nervous public hoarding its savings. Since the Moroccan crisis started international troubles the hoardings have been so extensive as to endanger Germany's international boom. The hanks have been forced to keep larger reserves. Various means have been adopted to relieve the pressure. Large factories are paying weekly wages with small notes. Efforts are also being made to popularise the post office cheques. Probably the hoardings will be gradually restored, but the money market is unlikely to be eased, as industrial concerns will seize the opportunity for fresh issues. If the Reichsbank is compelled to raise tho already high rate of interest, the industrial boom will hardly survive. Paradoxical as it sounds, many believe that the boom which two wars failed to kill will be killed by peace. Others believe that the liberation of fifty millions of dead capital for military purposes will instil life into many German industries. i Berlin, June 18. I The two and a half millions sterling Imperial consols and the eight and three-quarter millions Prussian four per cent, loans were a failure. It is believed that only half .was subscribed. The Vossische Zeitung calculates that eight million was subscribed