Abstract

Finance

This article focuses on the financial markets in Germany and the U.S. It became known in the middle of last week, that the German Government's reply to U.S. President Woodrow Wilson's note, regarding the ship Lusitania infamy and other exploits of German submarines, was about to be given out. From Berlin, the unofficial forecasts as to the nature of the German communication were such as to indicate a wholly unsatisfactory response. The only effect produced on the financial markets, during the two or three days intervening between the publication of these forecasts and the publication of the note from the German Foreign Office, was to bring the movement of prices to a halt. On the Stock Exchange, daily trading was smaller than at any time since the middle of last March, but there was no apprehensive fall in prices.