GERMAN BONDS
BETTER FEELING ON EXCHANGE. (British Official Wireless). (Received June 10 at 10.10 p.m.) RUGBY, June 9. The stock markets closed with irregularity due to some profit taking. British funds were slightly easier, war loan 31 per cent, were £9B 17s 6d. Gorman bonds, after fluctuation freely throughout the day, closed somewhat steadier. The London opinion is critical of Germany’s action regarding the moratorium, but it is regarding as inconceivable that Germany really intends to default on the Young and Dawes payments, as this would obviously strike a deadly blow at Germany’s credit, at a time when she needs credit most.
To-day’s recovery of German bonds from the lower levels touched at the outset, is based on hopes regarding the meeting in London on Tuesday of Germany’s long term creditors and representatives of the Bank of International Settlement.
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Grey River Argus, 12 June 1933, Page 5
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139GERMAN BONDS Grey River Argus, 12 June 1933, Page 5
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