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Show FOREIGN EXCHANGE ONDOWNWARDPATH r- Ncw York, Oct. 23. In tho face of tho $500,000,000 credit established by III the Anglo-French loan aud of further jl, private credits established or being It negotiated for the account of English, j French, Russian aud Italian bankers, foreign exchango again is on the j! downward path. Today demand ster- I ling dropped a cent from yesterday's quotation to $4.63 and is now 13 j points abovo the low point reached lr during the sensational decline of early it September. Tho weakness is attributed to the j recent enormous exports of munitions I of war which havo been responsible 18 for a flood of bills on London and Pans within tho last two weeks. |