Germany's new dollar gold loan
scored record quotations and wr*»
eagerly being sought at rates * wg
ing from 130,000,000,000 nv'.AS in the
early morning hour* ouO,000,000,000
In post-bour^ . **.ding.
The reco*’^ slump in the mark also
handierr the government’s attempts
to calculate wages and prices on a
grid or other stable basis and wholly
vitiates the early effects of the gov
ernment's program for financial re
forms, especially with respect to its
ability to supply new gold currency
in sufficient quantities to make it a
regulating factor in the situation. Its
restricted volume has already made
it the unscrupulous speculation. It
is being eagerly sought, as the
reichsbank is obviously unable to
supply other gold currencies in suf
ficient quantities to meet the legiti
mate demands.
Meanwhile social distress in greater
Berlin and other metropolitan centers
is growing apace, conditions in the
capital particularly reflecting the
devastating effect sof the depreciated
currency as it relates to the neces
saries of life, while the Increase in
unemployed and destitute Is becom
ing a grave social problem for the
municipal authorities.
As virtually no aid is coming from
outside of Germany or is expected
from foreign sources, the Berlin
municipality is organizing a giant
drive for food and clothing, the offi
cial statement said, being no longer
in a position to finance relief work.
POINCARE SHOCKS
V. S. BY SPEECH
(Continued From Pag. One)
been no thought here but that France
intended to participate fully in the
work of the experts and in making
the Inquiry which must precede the
development of any plan as full and
complete as possible and also, that
the French government would be
ready to consider such a plan on its
merits when presented.
