The Kansas City Times from Kansas City, Missouri on December 27, 1958 · Page 21
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The Kansas City Times from Kansas City, Missouri · Page 21

Kansas City, Missouri
Issue Date:
Saturday, December 27, 1958
Page 21
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DECISION ON FRANC VALOE IS OELAYEO French Government Makes Close Study but Ruling Is Withheld. KEEP BAR ON EXCHANGES Full Cabinet Meeting Today to Follow Session With Financiers. Paris, Dec. 26.(AP)—The De Gaulle government put the ailing franc under close scrutiny today but withheld for the moment any decision on its fate. Premier Charles de Gaulle came in from his country estate to gather financial experts at his Matignon man sion. A restricted cabinet meeting late today probably will be followed by a full cabinet meeting tomorrow morn ing. Await the Decision. Financial sources and news papers, seemed, agreed, that dramatic monetary decisions are expected in France—pos sibly devaluation of the franc. This would lower prices for French products so they can compete in the European common market. The French government yesterday told the Paris financial exchange and exchanges throughout the country to stay closed after the Christmas holiday while monetary decisions were taken. The government followed through late today by suspending until Monday morning virtually all operations in foreign currencies by banks or money exchange offices. Travelers who produced a transportation ticket for a foreign point were allowed to change sums necessary for their trips. Exchange offices were ordered to buy foreign currency presented by tourists at Wednesday’s franc rate of 420 to the dollar. London Expects Ruling. London, Dec. 26.(Reuters)— There were indications in various European centers to day that an announcement ^of the convertibility of sterling and other European curren cles was imminent. No advance confirmation was obtainable from any Brit ish official quarter. But experts here and in various quarters in continental centers, had little doubt that the long-awaited currency change would be announced soon, probably tomorrow. Convertibility of sterling would be limited to areas outside Britain and other parts of the sterling area. COMPOSER DIES AT 53. Top Popular Songs Written by Nicholas Brodszky. Los Angeles, Dec. 26.(AP)— Nicholas Brodszky, Russian born composer who was nomi nated five times for academy awards for his movie tunes, is dead. The creator of “Be My Love,” “Because You’re Mme,” and “I’ll Never Stop Loving You” died Wednesday in Cedars of Lebanon hospital at 53. Funeral services will be Sunday. Brodszky composed more than 20 operettas produced in Europe. more I a ^ ith I tlas . Both Voice and Teletypewriter Circuits Are Used. THE KANSAS CITY TIMES. SATURDAY. DECEMBER 27, 1958. Washington, Dec. 26.(AP)-— Scientists held four more conversations with the talking Atlas satellite today. Army signal corps experts have signaled 35 times so far to the satellite to send down messages either stored in its tape recorder when it was launched or radioed to it during flight. Both voice and radio teletypewriter circuits were used today. 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