Ogden Standard-Examiner | 1922-07-08 | Page 5 | Mark Continues on Downward Grade

mark continues on downward grade BERLIN, July 8 The declino In tho value of the mark, apparently brought about by tho assassination of Foreign Minister Rathenau, continues, con-tinues, despite the action of the government gov-ernment and the relchstag in throwing throw-ing great sums of foreign money on the market to stem the depreciation of Gorman currency. Manufacturers are declared to be buying foreign money to purchase rav. materials, and tho public is followlnor s'ult In order to unload marks. The Frankfurter Zeltung declares the collapse has been due not so much to foreign countries selling marks, as to Germans. wto 'in wild pessimism, pessi-mism, fought to obtain foreign currency." cur-rency." The great danger seen by this newspaper In the present situation 1 that of a rapid rise of prices proportionate propor-tionate to the decline of tho mark. Despite the grain requisition bill, much dearer bread will be inevitable. Climbing prices have caused tho monetary stringency, and the banks are already overwhelmed with requests re-quests for loans. . j Disaster is coming, the newspaper warns, unless the situation is handled I energetically