SEQUEL TO WAR TALK
I'.S. MONEY RUSHING BACK FROM EUROPE. (U.P.A by Elec. Tel. Copyright) (Ree. Oct if, i 1.30 p.m.) LONDON, Get. 17. The war talk in Europe is resulting in a homeward rush of American money. Om* o.i the factors of an excited exchange market yesterday was the hurried repatriation of mone> sent to Europe, particularly France., for safety. In recent months the rise of the dollar gave £1 in Ne'v York a value of ISs id compared with ISs Did on Saturday. The upward movement of the dollar is expected to continue unless the position improves as there arc still large American deposits in Europe. Moreover, shrewd judges consider the lueakdown of the Disarmament Conference is likely to prevent France from balancing her Budget if it abstains from active military operations in the present crisis.
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Gisborne Times, Volume LXXIII, Issue 12078, 18 October 1933, Page 5
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138SEQUEL TO WAR TALK Gisborne Times, Volume LXXIII, Issue 12078, 18 October 1933, Page 5
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