The Archive · 1937

BERLIN BOURSE

Berlin, Dec. 29.

"The slight upward trend which had been perceivable in the share market for the past several days was interrupted to-day when a general tend ency towards profit taking set in. Although the amount of material placed on the market was by no means great the slight demand ever for this caused a weakening in severa! shares. More than usual attention was paid to reports from the United States which indicate a further worsening of the economic situation, this being evident particularly in the recent discharging of large numbers of workers by General Motors. Although it is pointed out that the motor industry in Germany is progressing favourably and no repercussions are to be feared from across the Atlantic, the opinion was nevertheless expressed that the international market will react to the situation in America and that competition will become sharper.

Although the tendencies in the different shares were not constant a general weakness in the entire market was perceivable, most shares closing down fractions of points, The turnover in fixed interest securities was greater thab during the ious days because of the ap-"Proaching end of year although but ght changes were observed in the Mes. Callmoney stood at 3 to 3%

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

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