Finance: Foreign Exchange

Recent trends in foreign exchange have been interesting. The franc, after a rise practically to 7c, broke sharply, when the rumor of a Ruhr settlement was dissipated. Marks are still stabilized by German government operations, despite a current note increase of 401 billions, and the report of a deficit in the Reich budget of 7,100 billions. Invitation to American investors to participate in a 50 million dollar German government loan, non-interest bearing but retirable at 120, seems to have obtained little response here. Proceeds of the loan will be mainly used for combatting...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!