The Archive · 1931

PESSIMISTS

Berlin, Apr. 16.

The intention of the companies to build four 10,000-ton combined Passenger and cargo steamers "as necessary counter-measure against economic pessimists" was announced at a. combined general. meeting of the Hamburg-Amerika and North German Lloyd companies to-day.

Te was pointed out that it was essential to fight "in a united spirit. against the feeling! of fear which has, seized the world.

The Chairman of the German Lloyd Line said that while there was still no indication of a tendent ey towards improvement, he. be-Teved the lowest, point of the crisis had been roached.—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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