GERMANY: Mark Hangs High

Germany outstripped even the U. S. in exports last week. On the basis of trade statistics covering the first ten months of 1931 Deutschland became uber alles the world's leading export nation. Her surplus of exports over imports ("favorable trade balance") for the year thus far was $561,240,000.

On international exchange the German mark rose approximately to par* last week for the first time since last May. During the July crisis, when President Hans Luther of the Reichsbank flew like a distracted June bug from Berlin to London to Paris to Basle seeking funds (TIME, July...

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