GERMANY.

Taranaki Daily News, 19 September 1919, Page 5

GERMANY.

GERMAN MARK DEPRECIATION. By Telegraph.—Press Assn. —Copyright. Received Sept, 18, 1.15 p.m. London, Sept. 17. The German mark has touched 3%d, the exchange closing at 2d, the lowest point yet reached. Mr. Charles Tower, the Times 1 Berlin correspondent, reports that Germany is sending a host of bagmen to Argentina, where they hope to grab trade frim America, promising to absorb the whole surplus production of wheat, meat, hides, and wool. Americans living in Germany are being placated for trade reasons, the argument being' that as America has suffered few casualties in the war they should forgive and forget. On the other hand French merchants are compelled to buy in Germany, which is the only place where French money is at a premium.— Times Service. LABOR MARKET IN CHAOTIC STATE Received Sept. 18, 9.45 p.m. . Berlin, Sept. 17. The German labor market is in a chaotic state. Inflation is decreasing the purchasing value of the mark and creating a most serious condition. Although the,* German working man is re cciving an average d«fily wage equivn lent to six dollars thirty-five cents of American money ("26s sd), against an equivalent of one dollar twenty-nine cents (5s sd) before the war, the purchasing power of the present wage equals only eighty-five cents (3s 6d). —Aus. N.Z. Cable Assoc. THE MUNICH MURDER TRIALS. Berlin, Sept. 16. Further sensational evidence has been given at the murder trials in Munich. The public prosecutor demanded the execution of the ringleaders Beidl and Egelhoper, and the death sentence on eight others.—Aus. N.Z. Cable Assoc.