The Waterbury Democrat., 1931-07-16

ism or fascism was no longer in evidence.
 A foreign office statement said that after the Hrucnins -Curtlus conference in Paris, German, Bri- tish and French statesmen would proceed to London for a confer cnce there on Monday.
 At noon tho Darmstaedter tnd National bank Danatbank), which remained closed this morn ing as other banks resumed busi- ness. reopened and began paying out for payrolls and taxes as pro vldcd by government decrees. It was expected to aid in restoration of confidence, as the closing or the Danatbank last Monday was one of the major factors In pre- cipitating confusion.
 The Bruening- -Curtius trip to Paris makes visits to Berlin by Macdonald, Henderson and Henry l.. Stimson, American secretary or state, superfluous. 1t was said at the foreign office to-day.
 If was understood TIcnderson and Stlmson, confcrring yesterday with Aristide Brinnd. f'rench foreign minister. failed to providc adeuuate mediation in the Franco German tension. Henderson thcre- upon concluded it was futile to go 10 Berlin and suggested that the German statesman proceed to Paris immediately.
 The French were not expected today to prove too drastic in their current political demands up-
 
 improved for q compromise on the uronoeed Austro- German customs Union project, construction Of the pecond vest pocket battlerhip. ana other disputes between France and Germany.
 Germany's financial position meanwhile appeared much more sectlre as a result of succcssiul ncpotiations at Basic. where the World Bank extended the $l0o,- 0OO.OOO credits for another three months.
 The status of the Hoover years moratorium on war dcbls ana reparatoinH remained uncertain Germany. however, paid the bl'- COG. 900 marks of unconditional hh- nuities due the World bank ycs~ tcrday, and the bank immediately lent 1t back to Germany. The transaction was merely gesture in defcrence to the French de- mands, and to preserve the con tinuity of the Young plan.
 Germany, however. did not have 10 pay the 136,7OO. 1000 marks nor najly due the World bnnk-an- other factor which stabilized the financial situation and made an internal crisis appear dohbtlui' Experta will meet in London to- morrow to decide on the exact status of the Hoover debts plan and on means of working II out
 The danger of runs on m" banks was limited by emergency measures by the government wltli spccial authorization from Prcsi- dent Paul Won Iiindenburg. The measurea included provides;
 That on July lG, l7 and ls the banks may reopen but VIII only be allowed to pay out huihs necessary for German buSinesF, ih- dustry and trade, public serVlceh' and to meet wages ana saiafies' ncmployment dolcs, social in- surance and taxes.
 2-Bourse transactions in foreign GufTtHCltb hI' ip''' '' ing in futures.
 3-Publication of the quotation of stocks, bonds and foreign eur rencics except by official roureeh such as the Rcichsbank k forbid" den.
 4--Thc decree supplements Mondays decree. regulating inc government guarantees to the Da- ,at hunk areditOrH
 The measures mean that foreign currencies can be handled 0nly through the Iteichsbank and through no private agencies what ever for the time being.
 German Trade Balance
 Berlin, July 6.-(UMF)- )--of- fcially. it was announced to-day that Gcrmany'a favorable trade balance for the first six months of the present year totaled s1S,- 100000 marks &l94, 800, ,O0O
 The figure excluded deliveries in kind. Including these dcliv- cries, the favorable balance wah given as 1880. O.0O0.000 marks
 Imports for June totalcd no. 900 900 and exports 3O0.0O0,oOO marks, the report said. but were below January.