The Archive · 1933

Reichsbank Returns

Berlin, Aug. 9.

The Reichsbank returns for the

crease of the note cover to 9.9 per week ending' August 7. show an in-cent. as against 9.2 per cent. in the preceding week, The gold stock in-Greased by 15,800,000 marks to 260,200,000 marks while the foreign feurrency holdings decreased by 2,000,000 marks to 75,600,000 marks, the total increase of the note cover thus being 13,300,000 marks to 33 800,000 marks. The note circul ion declined by 114,100,000 marks all crops largely offset by a heavy carry-over and apparently discounted, the ma latterly broke to the five-cent limit on profit-taking and eastern selling, the uncovering of " stop-loss orders accelerating the decline. Moreover, reports of good crops in Europe and Argentina and advices that the grain exchange recovery code was viewed in an unfavourable manner by the Washington autho-[ities acted as disturbing influences. Meanwhile, the outlook is regarded ax being uncertain.—Reuter, Cani Wheat Stock

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

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