Stocks on German exchanges slid downward again today, with many securities suffering a loss of five percent.
Since April 1, when Reichsbank President Hjalmar Schacht halted credit inflation, leading Reich securities have dropped as much as 25 and 30 percent, notably in concerns working for national rearmament.
Especially hard hit was the German Arms and Munitions Factories Corporation (Deutsche Waffen und Munitionfabriken) which slumped 60 percent from its high.
A report of the Commerz und privat bank declared the Reich’s armaments industry “as passed its point of maximum production possible in view of the unfavorable circumstances. Taxes and production costs have increased much more rapidly than the volume of business, it was pointed out.
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.
