Word: reichsmarks
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...citizens stuck with German bonds, SEC's refusal to let Germany "pay" was no great loss, if anything, opened possibilities of a better deal. The bonds were last week kicking around in Wall Street for 25? on the dollar, in Germany, at 60 pfennig on the 100 pfennig Reichsmark (good only in Germany). If SEC had accepted the application, bondholders would have got $35,000,000 of bonds (1937 and '38 interest) which at 3% would have netted them about $1,000,000 a year in usable money. British holders of German bonds got a better deal which...
...having trouble to get my TIME, an old reader of six years or more. I am enclosing the address of the newsdealer on Potsdamer Platz who was skinning me alive with a charge of Reichsmark .90 a copy. Can't you make it hot for that guy, or is he immune with such robbery...
...Jacobsson. When the Wiggin Committee reached a tentative agreement on freezing foreign credit in Germany last week, it was promptly rejected by the German delegates for various reasons, the most important being that it left out of consideration the reichsmark balances in cash of foreign firms in Germany. This item totals nearly $140,000,000. If these balances were suddenly withdrawn, Germans believe they would be as badly off as ever. This point remained unsettled last week. The Wiggineers went back into their huddle. In the meantime the B. I. S. made an important move. Per Jacobsson, Swedish economist...