More anxiously than for months past, financiers and statesmen scanned the state of Europe last week. On the U. S. horizon optimists had discovered pale streaks of hope (see p. 11). Would Europe stand? There was plenty for them to think about. On the credit side, the week passed without any major political disaster. Stock markets in Paris, London and Berlin all continued to rise. With millions in gold coming from India, the pound sterling rose 11ยข during the week to close at $3.51, highest since November.
"Let us wait and see," cried...
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