Berlin, May 17, A further drop of 25,000,000 marks has reduced the Reichsbank gold coverage to 4.8 per cent.
Financial circles to-day express alarm at the continued steady decline, and fear that one day the Reichsbank }will have to rely for coverage solely Jon securities which, on May 15, amounted to 319,000,000 marks.
'A.year ago the gold coverage amounted to 83 per cent, since when the bank note circulation has Been increased by 124,000,000 marks. was unsettled with silver.
Japanese rates were very quiet.
Money Market: Supplies during the week continued to be fully sufficient for present needs.
Discounts Market: Rates ruled quietly steady—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.