s283 qui] 'DEFEND GOLD BLO
Paris, March. 17.
Dally average oft (ear) sato 08. Joint action to protect. the gold France anc Belgium have agreed against raids by 2474.000 Zsaee00 speculators, thus obviating the pos-S000 omitted sibility, which loomed last week.
Stock Outlook: In view of the ae-that Belgium may be forced off the [tion of the industrial average in gold standard. breaking through its December rest-Tmmediately "afterwards two Royal ance level on the down side and thus Gecrees designed to implement the Jeonfirming the previous bearish be-Gecisiens of the conference were havier of the rails, the market outlook Issued In Brussels, their avowed must be regarded pessimistically. purpose being to "put a_ stop, far as the intermediate movement Speculation In the Belgian Franc. concerned. There is no basis for fore-'By these decrees, is established 9 casting how far the decline may go) National Central "Exchange Office though if it should continue until in-charged with the control of all Jdustrials break through thel> October operations in foreign currencies. 1093 level of 83.64 the fundamental It is semi-officially announced that trend would be regarded under the Jatl dealings in gold, whether in the [Dow theory as having changed from form of bar or coin, will be sub-bullish to bearish. At present this mitted to control in order to avoid possibility seems extremely unlikely the hoarding of gold coin. and it is more probable that the re-Meanwhile, @ £14,000,000 Belgian [cession will terminate above the major jraitway Joan is to be launched next istence point Ju a selling climax or week: with the object of supporting.
{frat liquidation will dry up and stocks the Belga—Reuter, (incorporated im Hompkong)
Authotized Iesued and fully paid up 20,000,000
Resenv Fonps:
Sterling £6,500,000
Silver $10,000,000
Rescave Lrasruiry oF
Text read from the printed page and cleaned; old type leaves the occasional error.