PANIC ON BERLIN BOURSE
HEAVY SLUMP IN THE MARK
CURRENCY •" SHOVELLED ON. THE
MARKET."
BERLIN, Bth July.
There was a wild panic on the Bourse. The mark touched 2600 to the £, the chief selling being by foreign holders, who are fearful of a political1 turmoil, which officiarcircles in .Germany consider grossly exaggerated. The public made a rush to buy goods in order to get rid of th* mark at any cost. Customers who could not get what they wanted took whatever the shops had.
The Government has given up its attempt to steady the mark, which the banks are shovelling on to the market at any price. Every German with money is trying to get his capital abroad. The impression is that the Government is allowing the mark to reach the level of the Austrian currency, when she will tell the Allies that she is bankrupt and cannot pay thp reparations..
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Bibliographic details
Evening Post, Volume CIV, Issue 8, 10 July 1922, Page 7
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151PANIC ON BERLIN BOURSE Evening Post, Volume CIV, Issue 8, 10 July 1922, Page 7
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