Show NORSE TO CURB w F EXCHANGE RATE RATEr r p premiers Premiers of Three Three Lauds t to toj j Summon tic Heeling l of s Financial Experts t f- f t.- t. Y J Jt Washington Feb C. C Premiers G Premiers nn an and d foreign ministers of or Sweden Denmark find and ld Norway at at their conference a at t which adjourned Wednesday Wednes day decided to call a a. meeting of or fl fl- fl J- J experts c. o of or their countries for fo r thc the study of or methods o of or remedying th the e In Scandinavian exchange th the C department was wan advised to today ny TIt ina u officials approved the tho Scandinavian aol ac r for an nr nn I n t f m n M O Pill financial congress 8 at Amsterdam Debate In the conference On Joining the tho Jea league uc of ot nations tho the adv advices said sald hinged about provisions of or the tho league covenant bearing on neUtrals neU- neU and on that point there ther will bea be he hea a a. further l' exchange o of views There was said to be he a unanimity of or opinion on on the question of oC recognizing certain flew v states stales which were not designated Jin inn 12 tho the departments department's a advices alces r Paris Thura Thursday a Feb Feh 5 Proposals 5 r That that an International financial confer confer- 4 tonco anco ho bo called immediately immediately- to con consider measures for the relief of tho the International international exchange situation finds support in French government go circles Tho plan ha has been suggested ll by Great Britain Brit ain In and Is la said to bo Lo the tho outgrowth of tho iho recent bankers' bankers conference at atm Amsterdam Am- Am Amsterdam sl at nt which the situation was with the conclusion Jon that thal In- In r action was necessary T necessary Eventual E participation l b by the t 1 States StateR In such a n conference Is 18 expected b by 1 French financiers 1 French opinion generally generally- Is not misled misled mis mis- led by theories which attribute tho exchange ex- ex change chango situation to speculation and other causes causeR It Is pretty well rl cog cog- Wised that the cause is a a. credit Crisis and financiers consider without re- re the tho fact that a a. Bravo gravo phase o ol 01 tho the situation was opened with the shutting abutting off b by tho United States of oC oft t credits to cover French purchases New hew ew York Feb Ieh C Rates tes Rates on demand I bill 1 1 1 n l th I A T T s l I rind n il o dor tr rOI n tr o opened at at t this morning lorn s- s and s soon advanced lad to This Is 20 cents above 13 the low Jow record r reached tho day dar before yesterday cst rda Kates on franc checks opened at 1432 centimes to the lice American dollar i UI up UI 8 centimes from yesterdays yesterday's a s 's clos- clos Ing quotation Italian Hallan lire opened at up 10 fO centimes After ACter selling up to demand sterling dropped back to j at the tho end of ot the first hour Toward noon foreign e exchange assumed assumed as as- as- as a moro more settled tone Demand sterling was stead steady at francs I erp quoted at 1 1132 1152 fJ cents and lire at f 1032 1 Chicago Feb C. C IL G.-IL II G. G P P. Deans vice Ice president of or tho the Merchants Loan 4 Trust company compan toda today said that despite 1 tho fall taU in hI n foreign forcin exchange and the thc high rate for lor loans In America I were able ablo to borrow mone money in ji England at 5 3 per cent Mr orr Deans said 1 In England land cotton bills and other z commodity hills were belr being g- g discounted at at 3 r- per cent while in tho United States the federal reserve reser system had tight tight- lIned mone money until acceptances were as high as G 6 per cent and the call rates rales from 18 to 25 5 per por cent 5 4 Although gold stocks s arc larger barker ar r In Europe than tho they were before the tho war ha C u Ul rold J olour money balances tho fall tall in foreign exchange said Mr lr On tho other hand their pa- pa por pcr issues arc are larger Foreign countries coun- coun tries aro unwilling to part p with their gold until they reorganize their paper currency I 3 j Lon London Fob Feb 6 The Tho Tho situation ero- ero b by tho decision of tho the cotton colton im lm- porters to Importations Js un un un- In the history of or the Lan- Lan trade but although h it is ad- ad admitted to be serious it Is asserted that Is no can CAUSO so for tor anxiety 1 1 According to the fI figures printed here stocks stocks of oC American merican m rican i cotton total t hales bales with an additional 1000 bales hales on th the tho sell sea Aside from these stocks the tho spinners aro JUO said to hold considerable quantities probably enough to J keep the nulls mills going two or three weeks Sir Charles MacAra former pres- pres jf the Master Cotton Colton Spinners Spinners' association as' as as- as s- s in an Interview In the Dally Jal says tho the problem Is very vory serious i if If Jr importation IH is stopped for a con con- je 4 rl time the cott cotton industry ry must also ahw cease cease he asserts asserts' Tho Thu government government o ought ous-ht to mO e energetically cally 1 Toronto Ontario Feb G.- G. C. C s G As ts the rc- rc BUlt of ot telegrams sent ont broadcast to members of or the association tho the secretAry secre- secre tary cers o of oC tho the Canadian Wholesale Grocers Grocers Gro- Gro association has received over or replies unanimously In favor or of or discontinuing dis- dis continuing the tho purchase of United Slates ates manufacturers manufacturers' goods unless payment f for r same samo I Iss s accepted In Canal Canadian Cana- Cana dian tan monc money l J Several United States manufacturers ers have notified their representatives lh fibre rc that thal payment In Canadian money monc would he be accepted prices being the tine samo as in the United States I |