Word: frankfurt
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...Berlin-bound freight train puffed out of Frankfurt, loaded with meats and grains. The story of what happened to it is the story of zonal government in Germany...
Seven days later, the U.S. quarter master at Berlin asked the U.S. quarter master at Frankfurt why the train had not arrived. Frankfurt passed the query on to British headquarters at Lüneburg. Inch by slow inch, yards of red tape unwound. Five days later came the report: the train had passed promptly through the British zone...
...which on the eve of war were quoted at 22, had risen to 29. Italian certificates (Maremmana Railway 55, 1862), quoted at 55, stood at 23^ when the U.S. got into the war; German (73, 1924, Young), selling at 17, had more than doubled. On the newly opened Frankfurt Exchange, stocks & bonds of much-bombed industries were 10 to 15% above wartime levels. Even in companies which had been completely destroyed, security prices were often 40 to 50% of their wartime value. But this was due less to any soaring hope in the future than to soaring inflation...
...none of this bullishness has done U.S. investors any good. There is no way they can trade Axis dollar bonds in London or Frankfurt. Last week Wall Street buzzed with a rumor: the SEC may soon lift the ban on trading in Axis securities...
Early in 1946, town and village elections would be held in the U.S. zone, and U.S. troops withdrawn to three state capitals, Stuttgart, Munich, Frankfurt am Main...