ECONOMIC SITUATION IN GERMANY
PRODUCERS UNABLE TO SELL GOODS ABROAD INDUSTRIAL SHARES FALL HEAVILY (Rec. June 15, 8.45 p.m.) London, June 15. The “Morning Post’s” Berlin correspondent states that the economic situation in Germany is most difficult. The mine-owners have eleven millions of tons of coal which they are unable to sell unless they charge foreigners a less price than they charge German consumers. Quotations for leading, industrial shares” have fallen heavily since January, and many are only half the price they were six months ago. Thus the Hamburg-Amerika Shipping Line shares were at 95 in January, and are only 50 now. The Rheinische Steel Works were at .114, and are now 70. German producers are unable. to sell their goods abroad, as the prices are too high, and they are unable to sell at home because the people are only buying absolute necessities. The industrialists hope to enforce a general reduction in wages, but the workmen are so badly paid that this probably will be impossible.—Atis.-N.Z. Cable Assn.
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Dominion, Volume 18, Issue 219, 16 June 1925, Page 9
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169ECONOMIC SITUATION IN GERMANY Dominion, Volume 18, Issue 219, 16 June 1925, Page 9
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