UNIVERSAL ALARM
FRANC PALLS, PRICES SOAR.
(Reutet's Telegram.)' (Received Slet July, 11 a.m.)
PARIS, 20th July.
Prices are soaring as the franc falls. Traders are becoming nervous. The Sugar Exchange has decided not to permit transactions at prices exceeding the closing ratea of the 16th July.
The silk manufacturers at Lyons telegraphed to the presidents of the Chamber of Deputies and the Senate declaring that the fall of the franc places the silk industry in an inextricable position, and urging that the currency be stabilised by the adoption of the plan proposed by the recent committee of experts. The Havre Cotton and Coffee Brokers' Associations have decided to restrict operations. The Post Office hag prohibited the inclusion of quotations of exchange rates and stock prices in wireless bulletins. A number of luxury shops in Paris are threatening to close for the -rummer, as the "fluctuation of the franc makes business risky.
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Bibliographic details
Evening Post, Volume CXII, Issue 18, 21 July 1926, Page 9
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151UNIVERSAL ALARM Evening Post, Volume CXII, Issue 18, 21 July 1926, Page 9
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