Finance: Foreign Exchanges

The foreign exchanges have swayed up and down within a narrow range. Sterling has been under noticeable pressure, owing to British purchasing of American cotton and American securities, as well as the recent payment of $4,028,085 on debt account to this country; the remaining British debt of $4,600,000,000 will continue to operate adversely upon the marked trend of sterling toward par. French francs have shown considerable strength from rumors of a Ruhr settlement, and also from the fact that no inflation of French currency has thus far attended that episode. As for marks,...

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