STINNES' MAW
GERMANY'S SHIPPING
EFFORT TO SECURE MASTERY,
BUYING SHARES AND VESSELS.
(UNITED Pf.BSS ASSOCIATION.—COPYRKJHT.)
(AUSTRALIAN - NBW BEAUKD OABLI ASSOCIATION.) BERLIN, 6th October.
Herr Hugo Stinnes is making » big effort to secure the mastery of Geirman shipping. Since he failed to conclude an arrangement with the North German Lloyd, and failed to secure election to the board of directors of the HamburgAmerika Line, he has been buying big blocks of shares in bath companies, with the result that Stinnes is now dominant in the North German Lloyd, the shares of whioh have risen from 238 marks to 405 in a month, and Hamburg-Amerika shares have risen from 265 marks to 370. Stinnes is also buying »hipe freely at home and abroad. He has ad3ed 44i600 tons tor his own fleet since February.
By the end of the year Germany will have afloat 20 per cent, of her pr>war tonnage, The1 building capacity of German yards is now 80 per cent, of the prewar production.
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https://paperspast.natlib.govt.nz/newspapers/EP19211008.2.44
Bibliographic details
Evening Post, Volume CII, Issue 86, 8 October 1921, Page 5
Word Count
164STINNES' MAW Evening Post, Volume CII, Issue 86, 8 October 1921, Page 5
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