STILL FALLING.

Press, Volume LXII, Issue 18672, 22 April 1926, Page 9

STILL FALLING.

FRANC PANIC IN PARIS. AMERICA BLAMED. J (bi cable—raws issocunoif—coptbioht.) ' (AUSTRALIA* AND S.Z. CABLE ASSOCIATION I (Received April 21st, 7.5 p.m.) LONDON, April SO. ~ The Paris correspondent of the "Daily n Express" says that despite M. Perot's e optimistic speech declaring that the |. end of the financial crisis is in,sight, H the franc has readied 147 to fil m a v feverish market, iu which there is a feeling akin to panic. ~ The immediate future is regarded with j terror, and almost everyone is rushing t to the banks to buy sterling and dole lars. To-day's queues are not composed u of traders needing foreign currency for a commercial purposes, but of the man iu the street desiring to convert savt ings into foreign currency. i Financial circles believe that constant i. downward pressure is being exerted 1 from New York, and believe that Anierc ican bankers have decided to forco a the collapse of the franc in order later to buy up large holdings of French s industries, as thev did in Germany, j J 1 BUDGET PASSED BY SENATE. iRBCTEE'S TELJORAMB.) j PARIS, April 20. The Senate voted tho Budget as a whole by 27S votes to 12.