CONTINENTAL FACTORS.
Something in the nature of a flight from currencies has also been occurring on the Continent, particularly- with regard to the Dutch guilder, which has been -heavily sold, and the Swiss franc too has been weak on fears of departure from gold parity. As these countries are still on the gold standard, the spot value of their currencies is held up to geld export points as at this point exchange dealers send gold, but the forward quotation of the guilder has been as much as-313 cents.discount for three months ahead. The weakness of the guilder has been encouraged by Sir Henry Deterding's espousal of the cause of the deflationists on the ground that it would assist Dutch trade, and a rise has occurred on the London.Stock Exchange in the shares of those Rubber companies operating in Java and Sumatra, whose costs have been comparing unfavourably . with those of sterling companies since the departure Of-Great Britain from the gold standard, for a depreciation of Dutch currency would operate to redress the disability. - w. w.
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