London, Dec. 1.
Considerable activity was again experienced in the Foreign Exchange market this morning.
The failure of the Frengh strike continued to benefit the franc and, at this same time, proved an indirect bull point for sterling.
Tnitial.dealings witnessed 4 renewed covering demand for sterling, causing the sterling-dollar rate to appreciate to 469.00, as compared with 468.12 last night.
At this juncture, the British Exchange Fund checked the uptrend of sterling by intervening as a heavy buyer of dollar Later in the day, a rather sharp reaction set in, owing to a sudden demand for the dollar from Paris, which, well-informed circles believed, was inspired by the territorial claims voiced at the conclusion of yesterday's meeting of the Italian Chamber.
Apart from this flurry, however the undertone of the franc remained firm and the French Control was understood to have acquired substantial amounts of foreign currency, holding the spot rate, at 178.18, as compared with 17831 overnight—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.