BREAK IN PRICES
THE AMERICAN CRASH. , - A POSSIBLE REASON. ■‘The break in prices in America is Cot io bo wondered at,’’ stated Mr illarold Beauchamp, chairman of the ißank, of New Zealand to a “New- Zealand .Tunes’’ representative, “in view of the difficulty,/that has occurred in respect to her overmens "trade. The break mayhave been brought about by the fact that some of the Europfean countries so heavily indebted to the United States may not'bc able in the near future to meet their financial (obligations.-- That- is the only theory that I can put forward in respect to {the matter of* the break in- prices and securities. The New York stock rfla'rjket has always been au extremely eensitivo one. -For example, just bo* fore I. left France for Now Zealand, the interest charged ; for short loans to members of the Block Exchange for a brief period was at the rate of 80 per cent, /per -annum, that being the highest point touched since the crisis of 1010.’’,
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https://paperspast.natlib.govt.nz/newspapers/NZTIM19200207.2.35
Bibliographic details
New Zealand Times, Volume XLVI, Issue 10507, 7 February 1920, Page 6
Word Count
167BREAK IN PRICES New Zealand Times, Volume XLVI, Issue 10507, 7 February 1920, Page 6
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