GERMAN FINANCES
A RECORD YEAR. Received Jan. 7, 7.30 p.m. LONDON, Jan. 6. The Daily Chronicle’s Berlin correspondent states: 1920 has been a record year on the stock exchange. Prices of leading shares have risen largely, bank shares averaging a rise of sixty-three per cent, dye companies a hundred per cent, electric companies two hundred per cent., coal and iron shares 250 per cent, since 1918. The rises are partly due to the fall of the mark, but also to increased trade and renewed public confidence. A feature of the year has been the rush of the public to buy industrial shares. 13,500 million marks have been invested in company shares in 1920. One prominent banker mentioned forty-two cases in which small speculators had become millionaires in connection with the credit scheme.
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Bibliographic details
Wanganui Chronicle, Volume LXXVI, Issue 18071, 8 January 1921, Page 5
Word Count
132GERMAN FINANCES Wanganui Chronicle, Volume LXXVI, Issue 18071, 8 January 1921, Page 5
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