Jewish economic circles here are pinning their hopes for post-war development of Palestine industries on the stock markets of New York and London.
Siegfried Hoofien, director of the Anglo-Palestine Bank, addressing a meeting here, stated that “although some capital has been accumulated in this country, the stock markets in New York and London will have to be approached for assistance in the development of our young country.” Mr. Hoofien expressed the opinion that “a favorable response may be anticipated.”
Economic circles here estimated today that Palestine has invested over $200,000,000 in Imperial bonds and securities.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
