BOOM IN GERMANY

Dominion, Volume 14, Issue 298, 10 September 1921, Page 7

BOOM IN GERMANY

FEVER OF SPECULATION ON STOCK EXCHANGE

WARNINGS OF INEVITABLE CRASH By Telegraph—Presz Association-Copyright Berlin, September 8. Owing to the fever of speculation on the Stock Exchange, the directors have decided to keep the Exchange closed so that business can only be transacted on two days a week for the present. The banks announce that it is impossible for them to cope with the tremendous bulk of business, and decline to be responsible for the prompt and accurate execution of orders. The newspapers warn the public that a crash is inevitable, 'but their warnings thus far have been without effect. The fall in the value of the mark is responsible for the wild rush, though many speculators belong to a class which did not know even of the existence of the Stock Exchange before the war. The Prussian Ministry of Trade reports a manufacturing boom in all branches, owing to the fall in tho mark attracting large foreign orders. The' clothing, cutlery, locomotives, boots, shoes, and chemicals are all flourishing industries. —Aus.-N.Z. Cable Assn.