Foreign News: Franc Smash

Worldwide attention has been centered on the lively behavior of the franc, after it broke through four cents to a new low record in the foreign exchange markets for all time.

The break came just about the time when an increase in the note circulation of the Banque de France of 921 million francs in a single week was announced, bringing up the total note circulation of that institution to the new high record of 40,265 million francs.

Several causes for the break are already discernible. The basic cause is that the French have not...

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