RETURN OF THE DOLLAR

Press, Volume LXIX, Issue 20989, 18 October 1933, Page 9

RETURN OF THE DOLLAR

I AMERICAN MONEY I | GOES HOME i | EFFECT OF CRISIS | STEKUNG LOWER IN NEW YOKE ! rEM:ui-.Ai'ii- CvjMkjl.;;;.) J (Received October 17, 11.55 p.m.) LONDON, October 17. War talk in Europe is resulting in a homeward rush of American money. One of the factors in an cx- | cited exchange market yesterday was the hurried reparation of money sent to Europe, particularly France, for safety in recent months. The rise of the dollar gave the pound in New York a value of 18s Id, compared with 18s CUd on the Saturday. The upward movement of the dollar is expected to continue unless the position improves, as there are stiL large American deposits in Europe. Moreover, shrewd judges consider the breakdown in the conference is likely to prevent France from balancing her budget even if she abstains from active military operations in the present crisis.

MARKETS FALL STOCKS AND COMMODITIES AFFECTED APPRECIATION OF DOLLAR (Received October 17, 5.5 p.m.) NEW YORK, October IG. Under the ir.liuence of disturbing news from abroad and higher quotations of the dollar in terms of "oreign currencies, heavy selling of stocks today resulted in losses of 3 to U points on the stock exchange. On the Chicago market wheat dropped to the limit permitted for a single days trading, and other commodities followed a similar trend, many breaking to new low levels.

The gold value of the dollar opened at 71.40 cents, after a high level of 73.55 had been reached in Paris, but closed at 69.94, which point was a quarter of a cent higher than the closing value on Saturday. BANKING CODE km'; id regulation of tiu'st i-jfsiness

(Received October 17, i). 5 p.m.) WASHINGTON, October 16. A code fur lair competition, embracing national, stale, and savings banks, trust companies, and private banks accepting deposits, came into effect to-day. Rigid i tiles for the regulation of trust business are embodied in the code, which will probably form the basis of similar and, perhaps, more specific rules to be included in. the investment code. The latter is now being drafted, and seeks to correct the investment and. banking practices condemned by the Senate Banking Committee as a result of its investigations.

AUSTRIAN NAZIS ARRESTED DISCOVERY OF I'LOT TO SEIZE BARRACKS (Received October 17, 9.20 p.m.) VIENNA, October 16. The police in Linz raided a Nazi resort and arrested many men after the discovery of elaborate plans for the seizure of the Linz garrison by Nazi storm troopers. Those arrested will be charged with high treason.

RIOTS IN UNIVERSITIES PRO-NAZI DEMONSTRATIONS VIENNA, October 16. Because of pro-Nazi demonstrations against the establishment of poiice stations at every univcrsi'" to prevent political rioting, the Universities of Vienna, Innsbruck, and Graz have been closed indefinitely. The police used rubber truncheons to expel students, some of whom retaliated with smoke bombs. Many UTesfs were made.

LIFE SUFFERER FROM CONSTIPATION. "Having been a sufferer from constipation all my life, I found the first spooniui of Honeylax to act like a charm," writes Mr C.H., Kaikope road, Aramoho. Iloneylax is the latest scientific laxative. Unlike pills and midlives, it neither »npe.s nor purges; neither does; it rush the food through the stomach, but acts gently, naturally, surely. Honeylax is sold by Chemists in three sizes at is 6d, 2s (id, and 5s Gd. —1