New-York tribune., 1922-12-11
Industrials
Fail to Give
Cuno Support
Business Leaders Hold That
II Is Useless TO Try to Inn
prove Economic Condi.
tons by Internal Measures
More Factories Closing
Day of Bullying Order Books
Is Over for Germany,
Manufacturers Assert
sn,claI ca,l. % 80 Trlbsrr

Cop! rfhi, lf.2. New 1ork Jflbune inc
BERLIN, Dee. l0.-with the ap-
preach thc Brussels conference little
optimism animetcs German financial
and Industrial circles regarding the
adjustment OF the international hnan-
clal and economic chaos which In Ger
many Is such an important factor. The
new government, which Ia supposed
20 be business government repre-
reniing largely those Industrial inter-
ests which have been dissatisfied with
the policies Of tho wirth Cabinet. has
failed thus far %, enlist the active
support and cooperation Of the in
duftriaiists. without whom Il is ad-
initted the solution Of the separations
pro rlem is impossible.
The great leaders OF commerce and
Industry. with a gesture Of hopeless
ness and despair. refused 70 join the
Cuno Cabinet. This action amounts
20 r belief By the German business
world that Il 10 useless 20 try 20 i'm
prove the situation by measures from
within. That opinion Is shared not
only by the industrialists. but By bust.
ness men, officials and labor leaders.
All assert that no, headway toward
the rehabilitation OF Germany and Eu-
rope Is possible until the reparations
problem Is adjusted. The practical re-
! suit OF this attitude Is that the Cuno
Cabinet is really not much different
from the Wirth government, with much
the same policy.
Plants Closing Down
Meanwhile, reports from all parts Of
the country show an increase in the
number Of plants closing down or re-
ducing the working week. These moves
are due partly 10 lack Of capital and
parity 60 lack Of orders. According 20
manufacturers, the day Of bulging or
der books is over for Germany. This
country in the last three years has
been swamp6d By foreign orders, chiefly
because Of the deyalustion OF the marx
and consequent low prices.
The rapid rise OF German prices 20
the world level, however. and growing
uncertainty ms % delivery dates are
wiplng out the advantage hitherto en-
joyed by German industry. With the
consequent decrease in the consuming
power Of the domestic market due 20 a
rise in prices industry is now facing
the grave danger Of Wholesale stop
page.
The report for November shows an
increase Of l0o per cent in the cost Of
living all along the line. With the be-
ginning Of December came large in
creases in the prices OF bread and coal.
Linked closely with this situation Is
the growing friction between capital
and labor.
Credit NOn-Existent
The supply Of raw materials IS be-
ing rapidly exhausted and credit Is
virtually non-existent. These condi-
tions are bound 10 affect German for
eign trade seriously because Of the
risk involved In going into business In
q country where the situation Is domi-
mated By the big question OF the
mark.
A Large section OF big industry, head
ed by SHINES, is opposed TO the sta
bilization Of the marx, contending that
this would be the Anal blow TO the Ger
man export premium. Stinnes's view
point is that IL Is the duty Of industry