FRENCH RIGHTISTS

Grey River Argus, 20 September 1937, Page 5

FRENCH RIGHTISTS

SERCET POLICE PURSUIT. FIND OF ARMS. [Aus. & N.Z. Cable Assn.] PARIS, September 16. The police are searching the Paris headquarters of a secret organisation called the Cagoulards (hooded men). The Ministry of the Interior states that the Cagoulards are attached to the Right Parties, and have been under the surveillance of the secret police for some time. The secret police found a large number of machine guns, hand grenades and other munitions. They have made four arrests. Others are said to be likely. The police have detained an Italian named Tamburini, a native of Milan, and are questioning him in regard to the bomb outrages. MARSEILLES, September 16. Five men threw incendiary bombs into a packing case factory, resulting in a fire, which was quickly extinguished. FRANC STILL SLUMPING. PARIS, September 16. The rush to sell francs is so great that the authorities have withdrawn from the market, convinced they are faced with a well organised drive, which it would be futile to counterattack at present. SLUMP IN LONDON. LONDON, September 16. The sharp fall on the Stock Exchange to some extent was checked but the markets are hesitant, and dealers cautious. One explanation of the decline is that large operators are discarding British industrials in order to obtain American stocks, which are considered to be at bargain levels, with consequently greater scope for appreciation. Gold 140 s sd. dollar 495 3-16; franc 147.