New-York tribune., 1921-10-31
Berlin Awaits
Plans to Aid
Mark Stability
Settlement of Silesian and
Cabinet Crises Provides
Breathing Space to Study
Projects for the Future
Industry ContinuesStrides
Combinations Increasing i'm
Many Branches of Trade:
Capital Needed to Expand

Copyright. ts4i. New York Tribune Ina
BERLIN, Oct S0.-With both the
Silesian and Cabinet crises out Of the
way, Germany is looking forward to a
breathing space in which to take stock
OF the recent violent perturbations and
lay plans for the immediate future de-
signed to bring some measure of sta
biilty to the financial situation eyen IL
1t prove only temporary
Awaiting these Developments. the
mark is moving within narrow range,
showing little definite tendencies, CON
| templating whether to fly upward or
drop. II the mark were to depend
upon the state Of German industry
alone for its international standing it
would be one of the best currencies in
the world, for the last week has wit
messed new and gigantic advances in
combinations within the domain Of
German industry.
tion of the huge Mansfield Copper
Works by the General Electric Com
pany, and negotiations are proceeding
toward big combinations of several To-
comotivc and rolling stock plants One
of the large steel works has announced
a big increase in capital, while par
tlcularly important plans are under
way in Silesia, creating the curious
combination of German and British in
terests. The British have been buying
up stocks in several companies.
Other big projects are noted in the
coal and liquor industries, both of
which have been doing particularly
well, and big capital increases have
been announced. Automobile manu-
facturers have been fourishing also,
and the latest to announce an increase
in capital is the Hanss Lloyd works
In the textile industry prosperity
continues, with many concerns showing
up well. Many large building concerns
have just doubled their capital, while
the film industry records capital in
creases. in one instance such change
amounted to 40,000000 marks
Although the Boerse expects further
unsettlement in foreign exchange, the
sentiment among traders has gradually
/ improved and a more optimistic note
is prevalent. This will probably con-
tinue until the next downward revision
of the mark
President Havenstein Of the Reichs-
bank returned from London this week
satisfied, it is reported, with his effort
to re-estabish the direct connection
between the Reichsbank and the Bank
of England. Should his efforts finally
succeed he will make similar efforts
with the central banks of other eoun-
tries whose connections have been
severed since 1914. These negotiations
are expected to have an important in
fuence on the value of the mark
Contrary to recent report, Haven
stein while in London did not attempt
to negotiate with group of British
American tinanciers represented by
| Lord Rothschild, of London, and Paul
We rhl,~o of Mau YOrL rarard;rr q
credit Of 100000 600 to Germany
Similarly, it was reported from New
York a few days ago that an alleged
81 900 100000 credit to Germany had
been completed. This report was
proved false Extreme care is neces-
sary in handling these wild reports of
alleged foreign credits to Germany