The Washington herald., 1922-02-19
AUSTRIAN CROWNS
REACH HIGH MARK
IN PAST MONTH
Now Takes Ten Thousand
To Equal American
b Dollar.
CREDIT is ASSURED
Provision Made for 500 Million
Czecho-SIoyak Crowns and 2
Million English Pounds.

New York exchange on Austrian
crowns during January reached the
high point OF 10000 crowns to the
dollar as compared with 7.s25 for
Department Of Commerce by Trade
Commissioner Epson The lowest
rate during January was b.2s5 crowns
TO the dollar as against $50 for
December. The rate on February IL
was $3.50 Austrian crowns 10 the
dollar. Circulation Of foreign credit
instruments which on December 20
amounted TO 1ee 900, 0oo. 900 CROWN.
on January had increased to 49,
000. 900. 900. cashier certificates issued
on account OF the currency famine on
the same date totaled 5000. OOO. 900
crowns The Austrian reserve gold
value IL given in the Bank Report OF
January as SCOT. 900 crowns. actual
gold reserve $4,000 crowns. The
estimated circulation for January
was 10000. o0o. 900 crowns
Fereign Credits Assured.
The agreement providing for ex-
tension by the CLechoslovak govern 4
ment Of a credit amounting TO 500.
o0O. 900 Czechoslovak crowns has just
been signed and English credit TO the
amount of $4,000. 900 is practically
assured. Both may. however. be used
largely to refund existing obligations
Prospects for French credits 20 al
total Of SIS. 5000 francs are reported
favorable. Stocks OF the four leading
banks during January fell % per cent
and those OF ten leading industrisls|
dropped 16 per cent The coal reserve
due to the German railway strike and
the Czechoslovak mine strike hasl
been diminished greatly. No coal hs \
been received from Czechoslovzkis
during the last two weeks and thel
Vienna city gas and electric work
are reported as having on hand onlyI
a three weeks supply. The railways
are said to have five weeks supply.
Passenger fares were increased on
February / by 800 per cent Of the
existing rates and freight rates on
| the same date were advanced 1881
per cent. The German railway strike
is causing an acute car shortage. The
''Volkswirt" index number for cost
of living on the first Of February was
given as I444. a considerable advance
over December figures. As a result
Of the increased cost OF living the
Official commission in the two weeks
between January s and January ii
| increased wages by 20 per cent on
! cial figures covering unemployment %
I the City OF Vienna on the 18th DAY.
OF January showed a total OF $4,000
unemployed as against $4,000 at the
beginning Of 1922. and on January
IS. the figures OF unemployed had
again increased to $4,000 which figure
1 included 5000 metal workers, 5.oee
city employees. and 5000 builder
/ This increase Is attributed not so
much TO discharges as 10 the fact that
many workers who formerly were
not registered are now reporting with
the object Of obtaining food subsidies.
Relation With Succession States.
The relations with the succession
states are reported as improving. the
| political treaty with Czechosloyakia.
having recently been ratified. COM
mercial treaties with Czechoslovakia.
Jugoslovakia and Hungary are pend
ing. and an agreement signed UNDER
the Porto Rose convention has light
ensd passport rules and postal dues
Exports and imports as well as tran
sit trade during the past month show
| slight decreases. Consul Foster rel
ports that the declared exports 20 the
United States during January totsledI
S17O. 900 including martin furs 10 the
amount of $4,000, paper. chiefly
wrapping. $4,000. cotton goods and
embroidery $4,000. fax $1,000. and
hard rubber articles $4,000.