Show MONEY MARKET HOlDS GERMAN INTEREST Newsboys Shout Quotation Quota Quota- I tion on on Mark S Same me as Murder News M By GUS M. M OEHM U. U P. P Staff Correspondent BERLIN March 19 Extra Extra The dollar quotation of ot the day Extra New slump In the mark While American newsboys cry their extras on the days day's biggest news the LOuIsiana LOu LOUT Ku Ju Klux Klan or the European European European Euro Euro- war situations the German newsboys appeal dally daily to the public Interest b by making the most direct appeal to the buyers buyer's pocketbook the quotation of the d dollar in marks pocKetbook pocKetbook-I Germans Gemans everywhere e are Interested Interest interest- ed In how the doUar is quoted in marks because Germans everywhere everywhere every every- where own dollars English pounds Argentine pesos and all aU sorts of ot comparatively stable foreign cur cur- curI I rency Nobody r In Germany or or anywhere here else for tor that matter matter wants wants to re retain retain re- re tain mark notes very long Back In July mark July a mark note was worth SL 1 and would buy buy- buya a a dollars dollar's worth of ot goods on the German market At I this writing a a mark SOO-mark note Is worth less than Z 2 cents and buys bus abo about t 2 cents worth in German terman stores So So It it itIs is Is easy to understand why a German has any inclination to save wants ants to save something other than marks If It in July the Germ German n turned hi his marks Into an American Am dollar doUar he is able now able now to turn it into thousands of ot marks and buy uy practically as much as he could wl wih wI h his SOO back in July BOOTLEG BOOTLEG SP SPECULATION The The German Germah government t. taking cognizance of ot this fact tact realized that much speculation was going on and some time ago ago Issued anti anti- speculation regulations This merely merely merely mere- mere ly took speculation out of legal JJ I- I public places and put it on an illegal file ille German German Ger Ocr gal bootlegging basis The man still sun buys bus dollars alid and sells seUs them at a profit He does it through friends who have ha dollars to sell seU I through banking houses and concerns concerns concerns con con- cerns who take the regulations witha with a grain of of salt and through relatives relatives rela rela- rela-I rela tives and associates In foreign countries Germany is Hooded flooded with foreign currency which passes for e exchange change I. I of ot goods at the prevailing rates of exchange An American buying Ina in ina ina a German store often offers otters or more often orten is required to pay payin Jn dollars dol- dol late lars or pounds This saves sa the merchant the trouble and expense Ot of changing marks into dollars The natural question what question what becomes be be- be becomes becomes comes of ot all the paper money Germany Germany Germany Ger Ger- many prints prints Is is partly answered by bythe bythe bythe the enlarged amount of money a aGerman aGerman aGerman German must carry around Back in July marks would buy a meal at an average quick lunch Now ow it takes from to or more The Germans German's pocketbook bulges with notes his coat and trousers pockets carry a surplus and he re replenishes replenishes re- re his stock each morning before venturing forth into the days day's work The average man can carry only enough notes for one or two lays days expenses expenses to to carry more would involve too bulky a bundle bundte The money printed on per naturally wears out rapidly and the smaller notes are replaced by larger ones Whereas in July 1 2 2 5 and mark 10 notes still had some value especially as change chang notes of this denomination today are seldom seen except when the presses get behind on the printing of ot big notes and the market Is 13 flooded with smaller denominations from the reserve What the situation may be by next July is hard to say The government government gov SOV- has Just started printing and mark notes which If freely circulated will greatly facilitate day-by-day day pur pur- chasing However If It the mark continues continues continues con con- to fall taU and ana mark markS equal a dollar the process must be repeated and bigger and bulkier r I notes than ever printed And In the meantime the German German Ger Ger- r. r I man public and the American cobI colony cob colo- t I n ny Y living in Germany wonder I tho the whole thing is going to end end end- |