Show FRANCE RAISES DISCOUNT RATE NEWS CAUSES A COLLAPSE ON LONDON STOCK EXCHANGE london dec 20 the bank ot eng lands discount rate remains unchanged at 6 per cent paris dec 21 the rate of discount of the bank of france was today raised from 3 to 4 per cent london dec 21 business on the eatock exchange started quiet on the announcement that the bank of eng lands rate of exchange was unchanged but the market collapsed on the announcement no of the rise discount rate of the french bank which led to great disorganization and an avalanche ot forced sales consola dropped 58 5 8 to osa for the account and 98 for mony |