Although outwardly calm, there was an under-current of nervousness apparent in City circles yesterday, following the devolupments in Central Europe.
With the stock exchange observing its usual Saturday holiday, it was left to the London foreign exchange m to reveal the extent of the prevailing anxiety, where, in very lively, trading, the chief feature was provided by a sharp appreciation in the French franc.
The spot rate rallied to 156,00, compared with the over-night closing quotation of 158.12, owing to substantial covering pending the formation of the new French Government. together with some repatriation of refugee funds, especially from Switzerland, On the contr: the American dollar, as a currency far removed from the ruling tension, met keen demand, and firmed up in terms of most European current 3 Additional evidence of the existing nervousness was provided in the gold market, where nearly £1,000,000 worth of the metal changed hands at this morning's fixing on Continental account, with the authorities the only seller.
Apart from Continental nervous liquidation, of cotton, commodities have been hitherto generally undisturbed.~-Reuter
Text read from the printed page and cleaned; old type leaves the occasional error.