Dollar devalue coming says Canadian banker
Canadian Imperial Bank of Commerce executive vice president R. E. Harrison predicts another U S dollar devaluation after the election noting the world finances the U S deficit. He says the dollar lacks discipline but a new US effort to balance its books is likely. He observes the Canadian dollar may float then stabilize within a band while the greenback remains vital to international trade.
MENTIONED IN THIS ARTICLE
Carl W.ritter
Canada
R. E. Harrison
Canadian Imperial Bank of Commerce
Toronto
U. S
Harrison
United States
Stock market at midmorning shows mixed NY and AMEX quotes
New York and American exchanges report pre closing quotations from 10:30 to 11:30 am. The listing covers numerous stocks with varied gains and losses, including notable names such as Air Products, Alcoa, Boeing, RCA, Texaco, Union Carbide, and Upjohn, among many others, reflecting broad market activity.
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New York and
Stylex
RCA Whirlpool
Universal Rundie
Armstrong
Nutone
End of May 12 1926 General Strike Paralyzed Britain Ends
The nine day general strike that halted Britain began on May 12 1926 and ended with settlement. Strong union action and widespread labor protests defined the episode as workers across industries sought wage and condition improvements.
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Britain
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