Meanwhile, after initial speculative offerings had pushed the franc rate down to 179.00 in the London foreign exchange market today, the trend was completely reversed by a tush on the part of bears to cover, and the French authorities were called upon to supply what some quarters in London described as a "colossal" demand for francs, The opinion was generally express. ed that the French Control, must have acquired a considerable amount. of foreign currency, because the spot rote was not allowed to appreciate above 178.
At the close of yesterday's session, the rate was quoted at 178,87.
Text read from the printed page and cleaned; old type leaves the occasional error.