MISCELLANEOUS CABLES.

Marlborough Express, Volume LIII, Issue 222, 19 September 1919, Page 8

MISCELLANEOUS CABLES.

SUDDEN FALL IN EXCHANdE

[Press Association.]

* 'Australian and N.Z. Cable, Asßociation ißeceived Sept. 19, 0.10, p.m.) LONDON, Sept- 18.

,'fhe Morning Port's Paris corresXWident -reports., that tho newspapers Wre consternated by the sudidon tall in exchange, and express the opinion •that tho'onl'y solution is. for America to open a." fifty years' crediti of £10in),000,000 with, interest a* H peir cent., leaving France free W ■utilise the credit to buy in any market she pleases. Tlus would wake dollars plentiful and end the p,reseait competition between morcJitunts, which is causing tdie taring of prices. The big rises were often due to trnsaotions which would have been normal prior tv the war.