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Show FOREIGN EXCHANGE MARKET COLLAPSES NEW YORK, Sept. 15. All previous low records for French and ItaTr. n exchange ex-change were broken today when irancs and lire fell to unprecedented low levels. Paris checks were quoted early in the afternoon at 8.77, which meant that it required 8 3-4 francs to buy an American dollar. Italian bills broke to 9.84. representing rep-resenting approximately a discount of 45 per cent. Marks, or German exchange, ex-change, which had weakened steadily sin re the resumption of Quotations to L-s.-rlin, also made a new low record today at 3 70. Dealers in exchanges were again unabb- to -xplain thn coiiapse In the I foreign exchange market. |