New York, May 21.
Ambassador Berenger pric to his departure for France expressed the opinion that the French parliament would ratify the Franco-American debi-funding settlement in the absence of which no revaluation of the frane was possible.
The French Government's decisis to support the Franc resulted in speculators on tha decline turning. buyers and the Frane was forced to Prospects of Big Order for British Yards LOI ets, compared with yesterday's losing price of 2.95. Belgian Franes advanced sympathetically, also French ard Beleian Government Buenos Aires, May 20.
The Cabinet has authorized an expenditure of $32,000,000 for the purchase of small men of war, including two small cruisers, three! submarines, two destroyers and two gunboats of a total tonnage of 15,000 tons.
Admiral Galindrez will proceed to London coon in this eunnexion—
Washington, May 21.
Addressing representatives. of the Wars and Means Committee, "Mr Andrew Mellon, Secretary of the Treasury, predicted that when France had concluded her debt settlement with Great Britain as well as with the United States she would then be able to stabilize her Reater.
Text read from the printed page and cleaned; old type leaves the occasional error.