COLLAPSE OF THE MARK.
AMERICANS REFUSE BUSINESS. GONE PAST RECOVERY. By Telegraph.—Press Assn.—Copyright. Received Jan. 18, 11.5 p.m. New York, Jan. 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 approximately to twenty-one thousand for the dollar. Many exchange dealers now decline to accept any business in German exchange, alleging. . the mark has long since passed the point where there, te a possibility, of speculative recovery. Meantime there is an active demand for actual paper marks in New York, but they cannot be purchased for less than approximately double the current exchange quotations.—Aus.-N.Z. Cable Association.
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Taranaki Daily News, 19 January 1923, Page 5
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115COLLAPSE OF THE MARK. Taranaki Daily News, 19 January 1923, Page 5
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