Word: france
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...franc teetered sickeningly last week, plunged from 31½% to the dollar to 35 1/3, steadied, gathered strength, skyrocketed to 30¾%. Though explanations were many, two facts stood out sharply. Just before the franc's toboggan, Finance Minister Peret was obliged to announce that pourparlers for definitely funding the Franco-British debt had broken down between himself and Chancellor Winston Churchill of the British Exchequer at London. Conversely, the franc rose as soon as the French Cabinet and the Bank of France announced, after M. Peret's return to Paris from London, that the French Government would, if necessary, employ...
...France. The franc, continuing to feel the pressure exerted by British financiers to keep their own currency steady during the strike, slumped again to a low record for all time...
...some months the lack of confidence felt by Belgian bankers and industrialists in the Belgian Finance Ministry has been made manifest by their refusal to cooperate with Premier Poullet's Cabinet in its efforts to stabilize the franc, which has been steadily declining...
...French franc moved ominously down to a new low-for-all-time last week: 32.25 francs to the dollar. The Belgian franc slumped even lower...
...week. The fact is, some Manhattan money is passing to the interior states, while considerable is going into foreign investments. The final settlement of the French debt (see NATIONAL AFFAIRS) presages the floating of a large French loan here, the proceeds of which might be used to stabilize the franc and perhaps restore it to a gold basis...