Show FRENCH EXCHANGE SHOWS MORE STRENGTH Result Caused by Information Information tion With Payment of Loan NEW YORK Aug 28 A A short time ago people were predicting a collapse In French exchange that would carry It below the low of February 4 of 1725 to tho dollar or about France apparently had made no ar arrangements arrangements ar- ar for paying off her share share- of French Anglo loan which matures in October Bankers were surprise at what appeared laxity laxity lax lax- ity on the pArt of France Announcement from Paris that France had accumulated credits here by purchase of American exchange had arranged for shipment of gold and would en en- en h h e ie i l 1 d 1 o s e t l I I deavor to obtain a new loan ioan or OL came as a surprise It was common gossip In the that England England En En- gland took over Frances France's share of the tho loan Many who were bearish on French Frenc exchange have changed their views One prominent banker in close touch with Paris sees no reason reacon for sentiment He lIe says francs may b beasy be easy for another month or so so the peak of the offering of grain and an cotton bills has been passed bUt but pre predicts dicta Improvement after that time H Ho points out that there has been a re remarkable improvement In France foreign trade It It is true truo her imports have In Increased increased creased francs over th the corresponding period a year ago but bu francs of this has been bee n In raw materials There has been na a decrease of francs in food foodstuffs foodstuffs stuffs and only ony comparatively small smal Increase in manufactured articles PurIng Pur- Pur Ing this same time exports have in increased increased creased more than francs the largest Item being manufactured manufacture d at nearly francs In Increase Increase crease In exports of foodstuffs ha has s close to francs Remarkable increase In exports o of f foodstuffs on the tho one hand and de dc decrease crease of Imports of same on the tho other shows agricultural products are arc In Increasing increasing in- in creasing aa as well aa as manufactured ar tides Monthly receipts of the government t from taxation and other sources have been far above estimates Another Important Item of French Income this year Its is from tourists It Itis Itis is said more travelers are going abroad this year from the tho United States than ever before Prices of commodities hive leve advanced at least per cent HO tio that visitors will Undoubtedly undoubtedly un Un- spend twice as much as prior to the war In 1914 It was estimated our tourist expenses amounted lo to It would be fair to place this years year's estimate fit at least and France will probably receive a largo large proportion |