The sun., 1916-01-11
GERMANY STRIVING
TO BOLSTER CREDIT
Intercepted Messages From
L. :. Show No Demand
for Marks Here.
FUNDS SENT TO GENEVA
Special Cable Despsich to tn. suS.

PARIS, Jan. io.--The fall In the ytYc
of the German reichsmark Is nd,',
commented on here. "The fail In Gc-.
many's insolence." remarks Joseph E,t.
march In the Figaro. 'as shown ly Ner
latest reply 10 Washington, follow ..usc
on the fall Of the mark"
The Geneva correspondent OF IN.
Temps SAYS:
Germany has intervened In Geneva
placing several million marks a. tho
disposition Of an agent to cause il r.se
In the exchange by purchases Of bills"
Great interest has been caused 10y tro
wireless messages which were ln.r..
cepted. The first was addressed 10 ....
Commerz und Diskonto Bank Berlin
and was dated New York. Jauuar, -
II read
impossible to sell marks Abso,u,a,r
no buyers. At present moment - OF.
fered."
The message was signed National
City Bank"
The second wireless was addres.,a +.
MAX Warburg. Ferdinandstrass". Ham.
burg and read:
Marks Offering CONSTANTS. Frc.v.
selling at 73 80 by Speyer and Equitable
we think they are acting FOR Dcu'schc
Bank. Market completely demuraliz,i
which paralyzes purchases of your jnrl
war loan"
This wireless was signed "Reslng
Norwegian despatch says: Ger.
man capitalists who have mostly revo.
tiated their Scandinavian securitics. are
now trying to obtain credits IN Christ.
ania by discounting German secur.r,s
far nf bp
hanks. however. are unwilling to opcr.
ate
Both the Temps and the JobTnal a,y
DebdtS in their weekly financial art ,c,..
discuss the topic. The former saw,
The mark Is conquered by the pol.-l
and the france not only because '-,
Allies blockade stopped German .N.
porta'ion and because Germany, credits
abroad. notably in the United state.
are apr oaching exhaustion. but also BE-.
cause the neutrals see that victory
leaving Austria and Germany for ne
Allies.
The prolongation OF the war which
Germany failed to foresee. plays an im.
IDrtant role in the matter. Germany
before the war organized union -
banks az "A central office IN o.Le- 70
maintain a certain stability IN the OK
change. This Office now has lost con'ro,
of the German exchange. having ,\-
hausted foreign credits and the reserves
of American securities which wore
placed at It's disposal
Hence. IT is permissible TO suppo..
that the fall in marlss is definite
! The Journal des Debdts warns aga.ra'
! an exaggerated idea concerning the cHcu'
of the fall In the mark. ~ would "a
puerile to imagine SAYS It's nuaurl'
sApert. that the fall alone will iudu."
Germany to capitulate. We, too have
had difficulties with foreign raym,.'.
hut. unlike us, Germary's losses !. ,>-
change are not simply due To- the utss b.
diseQuil.brium of commercial halanc,. '
: The article closes by arguing tha' -.
depreciation of the mark shows TO-:
neutral confidence Is failing and ur
mentioning reports given by certain ,;cr.
man papers TO the effect that c,r.
! tributing cause TO the decline is the ftct
that many German capitalists are -. !.
ing large sums into Holland and Switlc-.
| land for safety.
At the offices OF Kuhn. Loeb 6 90
II was stated yesterday that NaN " .r
burg, who Is mentioned In IN" a....
J dispatches, IL a member Of thr ".
known firm Of bankers OF that go ."
in Hamburg and If related % the Mt'
burgs of Kuhn. Loeb & Co, but tn "
/ despatch did not IN the slightest -a
concern the latter firm In any WAY Is.
Loeb a. Co, Il was said, did not lruN
name Rcsing and assumed thai u nt-
! a code word or a nom de plume uf
| sort that bankers or brokers nI.ghi ... r
communicating with the Hamburg rT.
/ II vas stated that the mcS>as' " e
/ such as might pass between hrof".- =
this country quoting rates and - .''r.
ing informal Ion with any firm .r q. 70
many.
At the National city Bank - "'s
stated that the wireless sert l.. ' .
institution was sent IN the or .''
course NJ business. and that y rHl '.'
ing To- do with anything secret
Representatives Of SiSycr e.
fused last night t. discuss Tho - -
that they were acting for N. p.G'- g
Bank II WAS reported last w''h Sc ''
marks We're Al new low price, '' u
Speyer & co. were heavy sellcrs