BANK FAILURES IN GERMANY.
— f, PANIC ON THE BERLIN BOURSE. By Telegraph.—Press Association.—Copyright. Berlin, Time 26. Following the stoppage of the Dresdner and Allgemeinen Deutschen Creditanstalt Banks, the Leipzitfcr Bank lias suspended payment, causing a semi-panic on the Berlin Bourse. Bank shares have declined generality, and in some cases eight points, London, .Line 20. It is unlikely London will be seriously affected by the Berlin bank failures. The Times says the Leipziger Bank advanced the Trebcr Trochnung Company, of Cassel, eightyseven million marks—nearly twentythree million marks beyond its share capital and reserves. (Received June 23, 12.19 a.m.) Berlin, June 27. The Bourse is recovering. A financial crisis is not likely*.
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New Zealand Herald, Volume XXXVIII, Issue 11691, 28 June 1901, Page 5
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110BANK FAILURES IN GERMANY. New Zealand Herald, Volume XXXVIII, Issue 11691, 28 June 1901, Page 5
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