The past week on the Bourse was marked by firmness on the market, especially on. Wednesday and Thursday when lively sessions were remarked. The only element that really dominated the tendency on the Bourse was the monetary situation. On Wednesday, the meeting of the Cabinet in the morning was at Once interpreted by brokers as presaging some important monetary: measure. Thursday saw the general ena on the increase while the market was extremely animated sine the Bourse also knew of the Daladier declaration on devaluation and that the level of the franc would be set at 179 to the pound sterling.
The announcement that large repatriations of capital were takin; place, and the probability that a his portion of this returned capital would be used on the Bourse, also acted as-a stimulant to the market, The last session of the week was consecrated to the consolidation of the Aonsiderable increases realised previously. Important gains were absorbed without difficulty. Men in close touch with the Bourse even n opinions that the conditions prevailing after the exceptional movements of the days before, allowed for favourable forecasts as to the near future.
French stocks above M benefited during the week ar speculators thought they would be the chief ones to profit from the repatriated capital, while the Internationals would probably not enjoy even the popularity they had had previously. Comparison of Friday's situation on the Bourse with that of the Friday'before makes apparent the increases of about five francs in ordinary Rentes. Ana the 13-franes-raise in Rentes of 1925, the income on which is at a fixed rate of exchange.
French shares ón which dividends are variable, progressed between five and ten per cent. Among the Internationals, shares on raw material were increased in value as they were stimulated by the best of dispositions ©n Wall Street. However, other "safe" stocks, such as the Suez Canal and gold mines, were much calmer On the exchange. the pound: ste ing which was worth 162125 francs the week before. went up to 162.85 on Monday, continued to rise to 165 by Tuesday and on Wednesday was at about 170 francs, On Thursd the rate of exchange was fixed at 179, and then the franc recovered somewhat, going to 17840 on Friday and 177.875 at London yesterday. A sharp Rise of the franes would have taken place under the pressure of repatriated capital if the stabilization fund were not used to buy up enormous quantities of foreign currency—Havas
Text read from the printed page and cleaned; old type leaves the occasional error.