GERMAN TRADE
— —— A RUINOUS OUTLOOK.
Australian and N.Z. Cable Association.
LON DON, J une .15
The “Morning Post’s” Berlin correspondent states : The economic situation in Germany is most difficult. Tho mine owners have elevon millions tons of coal which they are unable to sell, unless they charge the foreigners' a less price for it than they charge the German consumers. The quotations for the leading industrial shares have fallen heavily since January, and many are now only half the price that they were six months ago.' Thus the Ham-burg-American Shipping Lino shares were 95 in January, and are only 50 now. The Rheinische Steel AVorks shares were then 114, and are now only 70. The German producers are unable to sell their goods abroad, as their prices are too high, and they are tinabe to sell them at home because the people are only buying absolute necessities. The industrialists hope to enforce a general reduction in wages, but the workmen now are so badly paid that this probably will prove impossible.
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Greymouth Evening Star, 16 June 1925, Page 5
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171GERMAN TRADE Greymouth Evening Star, 16 June 1925, Page 5
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