Word: franc
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Dates: during 1930-1939
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Foreign exchange traders last week looked at schedules of sailings from France to the U. S., took sharpened pencils and calculated to a nicety the point at which it would be profitable to ship gold to the U. S. The result was a figure a shade under 3.91?. Last week the franc was selling 1/16 above that figure, having fallen sharply from its recent high...
SELL DOLLAR AND FRANC SECURITIES...
Pound, Dollar & Franc...
...steady, courageous purpose or by intimate and far-seeing knowledge." For the cashing of bills of exchange "on any large scale a very elaborate machine of financial knowledge and financial courage is required, and this cannot be immediately improvised either in New York or in Paris." Almighty Dollar, Mighty Franc. British bankers might whistle last week, French and U. S. bankers might sympathize, might aid * but Greeks, Turks, Brazilians and such put John Bull's pound pudding to the proof. Greece, which has pegged her drachma to the British pound for years, switched last week, pegged...
...First, we have stabilized our currency at a rate favorable to our productive industry [one Belgian franc: 3?]. Second, our industrialists not only completely modernized their processes but declined to yield to the clamor for higher dividends and instead built up reserves. Third, a large part of Belgian industry remained in the hands of small, individual owners and families who with amazing suppleness adapted themselves to changing conditions. Fourth, Belgian industry did not make the mistake of overexpanding...