THE FRENCH SITUATION
(Copyright to Australian Press Assn.) THE PLIGHT OF FR ANCE. (Received this day at 12.25 p.m.) PARIS, July 20. )• Prices are soaring as the franc falls. • Traders are becoming nervous. The sugar exchange decided not to permit transactions of prices exceeding the closing rates on the IGtli. July. The silk manufacturers of Lyons telegraphed the Presidents of the Chamber of Senate declaring the fall of the franc places the silk industry in, ail inextricable position, and urging the currency be stabilised by the adoption of the plan proposed by the recent committee of exports. The Havre Cotton and Coffee Brokers’ Associations decided to restrict operations. it The Post Office prohibited the inw elusion of quotations and exchange rates in stock prices oil the wireless bulletins. A number of luxury shops in Paris are threatening to close in the summer as the fluctuations of the franc makes business risky.
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Hokitika Guardian, 21 July 1926, Page 3
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151THE FRENCH SITUATION Hokitika Guardian, 21 July 1926, Page 3
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