SLIGHT RECOVERY
STERLING IN AMERICA. Gain of I4i Cents in Yesterday's HEAVY LOSS OFFSET. , p i-Electric Telegraph—Copyright) (United !■•■*• (Received 10.30 a.m.) >sEW YORK, December 2. The pound sterling put up a stiff • Lee to further selling on WedreSlf T and after a rally of 2* cents ThTopeU quickly raced up to tf £i a «ain at that price of 141 " tts offsetting the heavy loss scored Scrday and in part in Monday's banking houses reported w tferfo"* had dried up, temporarily tha , !f and on comparatively small at •, orders the market rose rapidly. ~U^ g excited movements of this kind ifrriv to be seen, according to these Sortiel-til sterling finds its inirinsic value level. iJt what this will be in terms of ,S no banker can accurately estidol It will be decided by the world iSVers Ld sellers. TT,e pound- closed at 3.35f dollars and thffoSdiaa dollar cents.
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Bibliographic details
Auckland Star, Volume LXII, Issue 286, 3 December 1931, Page 7
Word Count
148SLIGHT RECOVERY Auckland Star, Volume LXII, Issue 286, 3 December 1931, Page 7
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