GERMAN FINANCE
REDUCED GOLD HOLDINGS.,
BERLIN, July 18
: The. lleiehsbank’s weekly statement rbveals a considerable decrease 1 in its gold-holdings amounting to 53,000,000 marks, mainly.due to the part-payments which bad. to be made on American credits. Despite the slight decrease iri the notes circulation ; the* cover ratio fell from 24.4 per cent to 23.5 per cent.
The Bourse opened weak and hesitant, largely .owing to apprehensions Caused by ‘the -increasng tension in domestic politics. Business was restricted- with a , prepOnderCnce of selling orders.., * A majority of the sections lost some ground, but a firmer tendency prevailed during the closing bo n- and the filial quotations only slightly below those of Saturday. CaM money js 5.j per teat to 61 per cent . -
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Hokitika Guardian, 21 July 1932, Page 8
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121GERMAN FINANCE Hokitika Guardian, 21 July 1932, Page 8
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