Paris, May 25, The raising of the bank rate in France from three to four per cent.
with a view to strangling outright on Monday morning those who have been selling franes short, able financial obser them," he added. centre particularly aimed at"
Towday's slep—the second within three days—was also necessitated by he situation in the money market the morning. The immedial object of the action is to stop. out ow of gold and the withdrawal of funds from Parie—a movement which is assuming serious dimer sions, The Bank of France has 4£80,000,000 to America alone since lable authority that the Bank of France Is ready to continue to raise the bank rate until it hag crushed short-sellers who are "pearing" the franc, and that a furs ther rise is indeed likely.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.