The Archive · 1926

The Rise of the Franc

Panic Among Speculators: Gov-|setti ernment Apprehensive Paris, Oct. 22.

The progressive rise of the frane, which at present stands at 162, to 41, is alarming speculators who are hastening to unload on account of fear that the frane will reach 150. Business men who three months ago purchased franes at 180 to 200 are now compelled to buy French curxency to meet their, obligations in the future when the franc has improved further.

The newspapers say that the French Government is apprehensive \of the continued -rapid rise, which might have a-disastrous reaction Reuter,

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

Your account