Paris, Jan. 21.
The press welcomes the French! [Government's negative reply to the ish note once more Tequesting Prance to repay British holders of French war loans in gold francs in. [stead of in paper Franes according to the prevalent rate of exchange. The newspapers insist that the! French Government had no choice] Wut to reject the British demand in that respect as well 2s the British] Chancellor of the Exchequer's new! proposal to submit the dispute to! tke Hague court of arbitration as, if Prance agreed to that, she would) tetablish a serious precedent, would discriminate against her own rationals and besides would open the; doors to large scale frauds-Trans-'Ocean Kuo Min, Mexico and Silver New York, Jan. 23.
"Enormous bear positions in have been covered this week, and in no important quarter would there appear to be any interest in a further decline," says Messrs. Kracht & Murphy, one of the lesser-known New York bullion brokerage houses in their current market} letter.
Interpreting the reference to the bear position on behalf of Reuter, Messrs, Kracht & Murphy stated that their comment applied to Shanghai, Calcutta and London. They added that there was no open speculative position in New York.
'A downward revision of Mexico's dobe agreement appears possible as 'a result in the fall in the value of silver.
No information is forthcoming here from members of the Bankers' Committee regarding advices from Mexico City that the Finance Minister, Senor Montes de Aca, is Jasking for such a modification; but It is pointed out that owing to the further decline in silver—which could not be foreseen in January, 1080 when the agreement was made '—Mexico will now find her debt service, which must be in gold, unexpectedly costly in terms of her national silver curreney—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.