GERMAN MARK.

Hawera & Normanby Star, Volume XLII, Issue XLII, 22 June 1923, Page 7

GERMAN MARK.

* A SERIOUS POSITION. EFFORTS AT STABILISATION. BY CABLF/— PREfJS ABdOCJATION—COPTSIGHT Received June 22, 10.35 a.m. . BERLIN, June 22. . i Herr Cuno is consulting with bank •experts1 and political leaders in ii'efer•ence to possible measures to stabilise the marie. The bankers are of the opinion that the recent exchange., is exaggerated, and does not represent the Teal situation. They strongly recomjtnend the prohibition of all exchange business after stock exchange hours and flotation of a new dollar loan. Received June 22, 10.35 a.m. • WARSAW, June 20. ! The German matsks crisis is resulting in wholesale speculation in foreign ex- ■ changes. The Finance Minister, has for- j foreign bills trade on all Polish ! exchanges. Extensive private speculations continue.—Ans.-N.Z. Cable Assn. j