GERMAN TRADE SHAKEN.
LARGE FAILURE IN BERLIN.
INSOLVENCY IN HAMBURG.
i '■. deceived 4.5 p.m.) f-4* BERLIN. March M. Continuous steadiness of the mark is awing 'considerable difficulties for business firms. A well-known Berlin com- • tuny dealing in precious metals has suspended payment. Its liabilities are stated it wO million mark?, and assets at 2&0 millions. It is reported that this More has involved other-firms. The Vossiche Zeitung states that reports, come from Hamburg of the insolrency of several grain, fodder and cocoa firms. A fall in prices caused difficulties for many other firms. Uneasiness in Hamburg is increasing, »8 there is a possibility of these firms lading support growing less.
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Bibliographic details
New Zealand Herald, Volume LX, Issue 18357, 24 March 1923, Page 9
Word Count
110GERMAN TRADE SHAKEN. New Zealand Herald, Volume LX, Issue 18357, 24 March 1923, Page 9
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