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Show MONEY DECREASE CURTAILS EXPORT W FROM THE 11. S. A. , CHICAGO, Aug. 21 The decrease In value of foreign money has caused a lure curtailment of eiports from Chicago, Chi-cago, according to local bankers, and this condition of tho foreign export j nnd money markot, it was said, would tend to redure the price of commodities commod-ities here. "A very large curtailment in foreign exports has been caused by tho advanced ad-vanced value of the dollar Jn Great Britain and Franco.' Arthur Reynolds, vioe president of the Continental and Commercial National bank, explained today. JThe value of the pound Merlins Mer-lins so low thai it takes a consld-orable consld-orable percentage above par for foreign for-eign buyers to purchase commodities they formerly bought when there was not such a large difference in the ex change." The value of thp British pound sterling ster-ling has fallen from $4 86 to $4.12. the point touched ye3terdaj . it was ex-plainod. ex-plainod. Chicago banks lost between $400,000 and $600,000 yesterday in the drop of English money, according to published reports in Chicago newspapers newspa-pers today. This loss, it was said, is the difference in the value of drafts at the time they were deposited by American exporters and their value when paid by foreign importers. Mr. Reynolds stated that any reduction reduc-tion in exports from the United States would tend to reduce prices here. |