ANOTHER GERMAN PANIC
MARK’S STEADY FALL. RUSH FOR FOREIGN CURRENCIES. ’ XV (Press Association—Copjright.) (Received 11.20 p.m.) London, Oct. 10. —The “Morning Post’s” Berlin correspondent says:— “The steady and unexplained fall in the mark provoked another panicky rush to buy securities not depending on paper money rates, importers, industrialists, and the Government competing against one another to buy foreign currencies. German oil shares increased from 1000 to 3000 per cent, since Friday, and the shares of the Deutsche and other banks interested in petroleum advanced 300 per cent. In contrast with the instability of the mark, the September returns show that Hamburg’s shipping nearly reached pre- 1 war volume.”—(A. and N.Z.)
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WAG19221011.2.29
Bibliographic details
Wairarapa Age, 11 October 1922, Page 5
Word Count
110ANOTHER GERMAN PANIC Wairarapa Age, 11 October 1922, Page 5
Using This Item
National Media Ltd is the copyright owner for the Wairarapa Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of National Media Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.