BERLIN FAILURES.
LARGE CONCERNS INVOLVED. INCREASING UNEASINESS. BERLIN, March 22. Continuous steadiness of the mark is causing considerable difficulties for business firms. A well-known Berlin company dealing in precious metals has suspended payment. Its liabilities arc stated at 4.">00 million marks and assets at 2500 millions. It is reported that Ibis failure has involved other linns. The "Yossichc Zeititng" states that reports come from Hamburg of the insolvency of several grain, fodder nnd cocoa firms. A fall in prices caused diflieulties for many other linns. Uneasiness in Hamburg is increasing. as there is a possibility of these firms finding support growing'less.— I Renter, i
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Bibliographic details
Auckland Star, Volume LIV, Issue 72, 24 March 1923, Page 7
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104BERLIN FAILURES. Auckland Star, Volume LIV, Issue 72, 24 March 1923, Page 7
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