GERMAN TRADE
BIG DROP IN INDUSTRIAL SHARES
•UNITED PRESS ASSOCIATION.—COPYRIGHT) (AUSTRALIAN-NEW ZEALAND CABLE ASSN.)
(Received Jsune 15, 8.55 p.m.) LONDON, June 15
The Morning Post’s Berlin correspondent states that tho economic situation in Germany is most difficult. The mne owners have 11,000,000 tons of c-oal 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-America shipping line were £95 in January and are only £SO now. The Rheinisehe stool works were £ll4 and are now £7O.
German producers are unable to sell goods abroad, as their prices are too high, and they are unable to sell at borne, because tho people are only buying absolute necessities. Tlio industrialists hope to enforce a general reduction in wages, but the workmen are so bodl.v paid that this is probably impossible.
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Bibliographic details
Gisborne Times, Volume LXII, Issue 10039, 16 June 1925, Page 5
Word Count
161GERMAN TRADE Gisborne Times, Volume LXII, Issue 10039, 16 June 1925, Page 5
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