London, May 28.
in the limelight, Brilish control began operations carly in the day by checking a rise sterling. which otherwise would, ave soared much higher.
The control Is reported to have ought franes very heavily, but nevertheless sterling showed an all-round improvement.
The three-month forward rate for ¥eench franes weakened from 225 to There was a very keen Continental demand "for gold, the turnover: amounting to £730,600.
The price of 142 shillings included 4 premium of 2/2 over the frane atid 1/9 over the dollar.
The raising of te French ite came after the close of the Wall Street opened steady.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.