GONE FOR EVER
THE GERMAN MARK AMERICAN EXCHANGE DEALERS DECLINING BUSINESS. EXCHANGE 21,C00 TO DOLLAR. By Telegraph—Press Assn.—Copyright. Australian and N.Z. Cable Association. (Received January IS, 11.5 p.m.) NEW YORK, January 17. The almost total demoralisation of the German mark occurred on the foreign exchange market here, following the further penetration of the French into the Ruhr. The mark dropped to approximately 21,000 for the dollar. Many exchange dealers now decline to accept any business in German exchange, alleging that the mark has long since passed the point where there is a possibility of speculative' recovery. Meantime there is an active demand for actual paper marks in New York, but they cannot bo purchased for less than approximately double the current exchange quotations. - • -
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZTIM19230119.2.83
Bibliographic details
New Zealand Times, Volume L, Issue 11422, 19 January 1923, Page 8
Word Count
123GONE FOR EVER New Zealand Times, Volume L, Issue 11422, 19 January 1923, Page 8
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