FLIGHT OF CAPITAL
Holland And Belgium Affected By Telegraph. —Press Assn. —Copyright. LONDON, November 12. luereased alarm lor the security of the Netherlands has ilattened out business on the London Stock Exchange, and the Continental bourses. Amsterdam is the worst sufferer, but Brussels is similarly affected. The flight of capital from Belgium and Holland had sharp repercussions on all London Stock Exchange quotations. The Netherlands authorities have been obliged to intervene in order to maintain guilder exchange, but official support of the Belgian currency is less vigorous, with the result that the belga has sharply declined. The Netherlands is believed to have made considerable inroads in its gold reserves in its efforts to maintain the guilder. Capital has been flowing freely from Holland to New York during the past few weeks. The Paris bourse, by contrast with London, Brussels, and Amsterdam, took but little notice of the disquieting developments of the situation as between Germany and Holland, and actually closed the week on a firmer tone.
However, the outlook is for a dull business week, unless the situation clears up over the weekend.
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Bibliographic details
Dominion, Volume 33, Issue 43, 14 November 1939, Page 10
Word Count
183FLIGHT OF CAPITAL Dominion, Volume 33, Issue 43, 14 November 1939, Page 10
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