FALL OF THE FRANC
RUSH TO CONVERT TO STERLING,
(Australian-New Zealand Cable Assn.) PARIS, 20th July.
The Bourse, guarded by police, witnessed the stormiest day since the eve of the declaration of war. A great crowd outside received the figures of tho franc's fall with veritable howls of rage and disgust. Men and women, too, with haggard faces, rushed hither and thither, some wringing their hands and uttering forebodings of ruin. As soon as the banks opened this morning, many started selling everything they possessed in the way of French holdings, deciding te save the remnant of their fortunes by converting it into sterling. The result, as nay be expected, was that the franc slumped heavily. English and other foreign banks were crowded early in the forenoon.
The fever spread to the cafes, where the slump was the sole topic of conversation, except among those who sat distractedly drinkless and unheeded, ruined or anticipating ruin.
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Bibliographic details
Evening Post, Volume CXII, Issue 18, 21 July 1926, Page 9
Word Count
155FALL OF THE FRANC Evening Post, Volume CXII, Issue 18, 21 July 1926, Page 9
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