The Archive · 1941

Capital's Movement South

Dovetailing with the charges made public last week by the United States Government investigators that German-affiliated concerns in the U.S. notably in the drug and chemical industries, have, in effect, rided German suppliers of Latin America by supplying German patented goods in that market. is the fact that during the January flight from the dollar there was a distinct shift of foreign capital southward. In particular there was an unusually heavy demand for the Argentine peso. At times trading in the Argentine rate has been all out of proportion to the relatively small peacetime volume of business. Since January the Argentine peso has experienced sporadic outbursts of activity.

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

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