Salt Lake Herald-Republican | 1920-02-07 | Page 14 | Bottom Falls out of Foreign Exchange

BOTTOM 1 FALLS OUT OF FOREIGN EXCHANGE Demands for Cor foreign mone money have hll al almost almost al al- most entire entirely I ceased during the last month causing the bottom to fall out of or the foreign exchange market In Salt Lake according to J. J Jl II Grady general general gen gen- eral oral agent of or the American Railway Express company compan The value alu of or foreign exchange ho declared has steadily declined during the past five months s and the local In Investors In- In havo became wary of or exchange currency h pound sterling was quoted at 1320 yesterday tho the Germ German n mark at slightly moro more than 1 cent and I the French fanc franc at t slightly more than 11 Ii cents cenUs j J