London, Jan. 25.
There are plenty of reasons why hours should act with caution, stated Messrs. J. Henry Schroeder, in their "Quarterly Review" in referring to the future course of sterling.
A further decline in the exchange value of the pound, it was pointed out, would evidently be inconvenient to the American and French authorities, who may both confidently be expected to support any efforts made by the British Control to resist, with the ample resources that the latter has shown to hold, j eny attacks upon it.
Apart from these technical signs of strength, the outlook for the pound, on the basis of the probable course of trade, has improved in recent weeks.
The advantages of the Anglo-American Trade Agreement are showing themselves in an increase of orders from the other side of the Atlantic, which will be reflected Their Majesties to Visit Roosevelt Home Washington, Jan. 25.
The British Sovereigns have been invited to spend a day at Hyde Park, President Roosevelts summer estate, Mrs. Roosevelt announced today. The Sovereigns would go to Hyde Park after their visit to New York.—
Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.