Show WEEK IX IN FINANCES NEW NEV YORK May 2 Foreign political and economic developments were the chief centers of financial Interest this week The election of Field Marshal von van as all president of at the G German German Ger Ger- r- r man republic cast a damper on the fi financial financial fi- fi markets Monday but the announcement announcement announcement an an- on Tuesday of Great Britain's Brit ain ain's decision to restore the gold standard standard standard stand stand- ard revived confidence and was widely hailed as one of at the most reaching far events event since the armistice Its Immediate Immedi Immedi- ate effect was to send sterling above to the highest quotation in ten years and to stimulate activity in British Brit Brit- isIs ish bonds which mounted to new high levels for the year Stock prices fluctuated within a narrow narrow narrow nar nar- row trading area during the greater part of the week but bit showed Indications of br breaking out on the up side aIde In the Impressive Im Im- im- im ss buyl demonstrations I tI staged In Inthe inthe tag r the closing days of the tho week Business Business Busi Busi- I ness Is still regarded as spotty but there thele Is an almost general opinion that the recession has not been as pronounced pro pro- d a as that of last spring The establishment of ot a new high record In New Nev York and Chicago bank clearings on Friday testified to the huge turnover In funds Bond Dond prices strengthened In reflection of easter easier money rates Wheat prices showed a substantial gain gainon on the week but the trend of at most other commodity prices was downward both raw and refined d sugar selling at the lowest quotations of the year |