COMMERCIAL.
DECLINE OF FRANC.
BY CABLE—PKESS ASSOCIATION—COPYRIGHT
NEW YORK, June 3. The exchanges for the past week have been slowly declining. The sterling reached 432£ cents, representing a nett loss of two and a half cents. The franc touched 5 1-10 cents, suffering a net decline in excess of three cents. Bankers attribute this weakness to the French political crisis and the reported attack of the Premier-elect (M. Herriot) upon the terms of the Morgan credit to the Bank of France. This, though subsequently denied, nevertheless served to embarrass the market.
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https://paperspast.natlib.govt.nz/newspapers/HNS19240605.2.41
Bibliographic details
Hawera & Normanby Star, Volume XLIV, Issue XLIV, 5 June 1924, Page 5
Word Count
91COMMERCIAL. Hawera & Normanby Star, Volume XLIV, Issue XLIV, 5 June 1924, Page 5
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