Postal Company Buys Cable Links Nova Scotia to Newfoundland
Clarence H. Mackay announced that the Postal Telegraph Commercial Cables System and the government of New England entered a traffic treaty. It covers graphic traffic into and from five ridges, with exchange between the parties. The agreement takes effect about July 1, restoring telegraphic service between the areas.
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Postal Company
Nova Scotia
Newfoundland
Clarence H. Mackay
Tal Telegraph Commercial Cables
New
Toy
Com Dex
Newediasd
French Government Seeks Stabilization of Franc Values
In 1923 Paris talks, reparations and guarantees aim to steady German finances and curb inflation. French officials warn against rapid gains, favor keeping prices high to ease wartime burdens while maintaining an exchange rate that supports commerce. The plan includes possible currency value adjustments and temporary tightness in paper money, with trade diplomacy and indemnity talks shaping the broader European recovery.
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Atecial Cahie
Tribune Departeht
Yal Tribune
France
Bank of France
Industralists
Pound Jumped Too High View Now in London
London reports a sharp dollar reaction as Sterling slips from a recent peak of 4.51, with observers split on causes. The Indian government plan to float 12.5 million pounds fuels underwriters’ holdings, while Continental rates show minor moves. Platt Brothers plans to issue 4 million pounds of ordinary and 7 percent preferred shares amid strong UK manufacturing activity. Nestle Condensed Milk faces dividend suspension but eyes year-end recovery.
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Nestle Condensed Milk Company
Berlin Banker Urges Aid to Stabilize Mark
The Reichsbank vice-president Herr von Glasenapp warns that without radical Allied revision of reparations and a lower army-cost burden, Germany faces a financial crisis that could topple the government. He urges a commission to control internal spending and for real autonomy of the Reichsbank only after reparations are revised.
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New York Tribune Inc
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Herr. von Glagenapp
Reichsbank
Tribune
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Ger. Sereinertock
Gerovany
Doenapp
Bude
Glasenapp
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