Hitler to End German Slump
(Received 3.0 p.m.) LONDON, August 18. The Berlin correspondent of the “News Chronicle” says Herr Hitler conferred with Herr Funk, Herr Darre and Dr. Schacht, and decided on drastic measures to end the slump. He is ordering the banks to intervene and buy up shares flung on the market. The Berlin correspondent of the “Daily Telegraph” says financial circles are not inclined to regard to-day’s slight recovery on the Bourse as the turn of the tide.
Company reports of the past few days help to explain the slump. For instance, the Friedrichschafen Cogwheel Company, which last year paid eight per cent, on smaller profits, announces no dividend. as all the available cash has been swallowed up by the demands of the four-year economic plan, and the need of private investors must yield to those of the State.
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Northern Advocate, 19 August 1938, Page 5
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142Hitler to End German Slump Northern Advocate, 19 August 1938, Page 5
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