NEW YORK SHAKEN.

Stratford Evening Post, Volume IV, Issue 78, 11 March 1936, Page 5

NEW YORK SHAKEN.

Financial Markets Re-act to War Anxiety. FOREIGN MONEY MAY BE DIVERTED TO U.S.A. * / Press Association—noo.vright. / New York, March 10 The financial editor of the New York Times states that anxiety over the warlike course of events in Europe shook the financial markets to-day. Foreign currencies fluctuated violently, first falling 'and then recovering. Stocks after moving ! uneasily most of the day fell under a sharp burst of selling over the last hour that lowered representative issues as much as four points.. There was, however, no disposition to look for the f wholesale withdrawal of foreign money from this market. The opinion of most bankers l was that the, first effects of the increased war talk would more likely be to send additional foreign money to the United States, yet Germany’s action had been sudden, and disturbing comment from Washington continued to be meagre.. Senator Lewis, however, made a curious though interesting statement. He declared in the Senate to-day that Herr Hitler would never have dared to' move troops into the Rhineland had not Britain and France alienated the goodwill of the United States by refusing to pay their war debts. Default by the war debtors he said, had made the American people no ■ longer concerned with the enforcement of the Versailles Treaty. “It is now the duty of this Government to keep its hands off and refuse all advances to the signatories to the treatj seeking ipilitary or monetary aid,” Senator Lewis added.