Calmness Succeeds First Shock of Gold Standard Move ITH the first shock of the announcement of Britain's going off the geld standard wearing off, the financial world was Wednesday secking to adjust itself' to the new conditions, Many exchanges remained closed, and in only one instance—the Japanese exchanges—were there serious signs of panic.
In London business men were cheerful, and after a little preliminary uncertainty prices on the Stock Exchange remained about normal. In Brussels, however, there was a slump in Belgian securities, and the Danish Government in Copenhagen declared an embargo on the export of gold.
There was considerable nervousness in Spain, where depreciation of sterling may have far-reaching effects.
War Losn was three and a half' [points lower than on Saturday, Sterling was treacly at the open-jing of the foreign exchange quotations, There was a slight depreciation on New York, Paris and Rome [bat the Swiss and Belgian exchanges moved in Britain's favour.
Business, however, was very Timit-Jed, owing to the restrictions on ex: Jehange transactions, New York was quoted 4.15; Pari 11044 and Rome 85 to the pound—
London, Sept. 23.
Although the "price of sterling hag not yet been crystallized in the world's markets, financial centres fre settling down to the new financial conditions resulting fom Great Sritain's departure from the Gold Standard. It is now considered that sterling will not depreciate. to fany great extent, and- general. be-
'On' the cotton. market in Bombay, broach touched 178 rupees, The Bombay bullion market was at standstill pending the results of the operation of the proviso against sales of the pound sterling finance, the. gold and "silver, mare ets. The banks in Bombay "re In Tokyo to-day the stock ox change was closed, Tin Rome, the Italian Government decreed" an' immediate 15. per cehty {2d valorem increase in all ihpott Tavis with the exception of there jon combustibles, which have beet increased in the' amount of ton pet London, Sept. 26.
Heavy falls in the quotations for sterling are being recorded to-day, ut, the inion is expressed that they are due to interests aby let i8 it atthe satisfactory re-withdrawing money" and the dealers action to the Government's decision|regard the present' situation to suspend the operation of the|largely artificial.
(Guid Standard: Ace-—Reuter: compared. least fate in Pauls is a with the nor hey were Abdulla The United States Government expressed approval of Great A Treasury "minute" authorises Lends Spt. 34. exchange of 124.21, Alexander)
Britain's move which it characterised likely to Improve the Bank of England to maintain, Reichemaris aré_ 161, compared economic conditions in Britain and elsewhere. the fiduciary note issue which was: sanctioned on August 1 for a fur-Charter of str, Feng Hsiang London, Sept. 23. ther three weeks.
The fall in the value of steilin On August 1 the Treasury an:
Last night the House of Commons Sirdem, Rotterdam, Vienna, Bras sels, Antwerp, Budapest, Prague, is creating serious trading dificult Before Judge Chow in the First and'the Scandinavian capitals, Fur: thorised the Bank of England to tes Special District Court, a civil claim adopted by 283 votes against 216 a ther afield, the Bombay, Calcutta, increase its fiduciary not issue by foreign goods in Great for some of the importers of Asking to substantiate the agency Tesolution moved by Mr. Stanley
Text read from the printed page and cleaned; old type leaves the occasional error.