BERLIN (Jul. 20)
The alarming drop in German securities on the Boerse this week was caused by “Jewish maneuvers,” the National Zeitung of Essen, Economics Dictator Hermann Goering’s mouthpiece, charged tonight.
The newspaper discounted an explanation according to which the large German concerns were confronted with an increasingly growing need for funds, notably for tax Payments, forcing them to liquidate as many shares as possible. This theory, the Nazi organ contended, is economically unsound. The real reason for the run, it asserted, was the heavy sale of stocks by Jews, who were alarmed by rumors — since denied — of imminent State confiscation of their property.