GAMBLE IN MARKS
SPECULATION IN LONDON. HOPE SPRINGS ETERNAL. Australian and N.Z. Cable Association. (Received August 31, 7-65 p.m.) LONDON, August 31. A remarkable gamble in German marks is proceeding in London, where "hone are purabaseable. There is a daily demand for thousands of pounds worth. The advice to the people not to buy only causes an increase in the demand, which will not .diminish while'the exchange remains at the present fantastic level. The, jbasis of the gamble appears to be the belief that while Germany is unable to redeem the mark at par, she will be in a position sooner or later to offer a compromise which ‘will be greatly to the advantage of present buyers.
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Bibliographic details
New Zealand Times, Volume XLIX, Issue 11304, 1 September 1922, Page 5
Word Count
117GAMBLE IN MARKS New Zealand Times, Volume XLIX, Issue 11304, 1 September 1922, Page 5
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