MARKET PRICES SOAR
WILDEST FLUCTUATIONS
(Received April 20, 12.15 p.m.) NEW YORK, April 19. The pound sterling closed-three dollars 73 cents. ■ The Canadian dollar closed 56.5, 1! 1-8 cents higher. The sterling rate, traders said, was only nominal. The wildest fluctuations occurring after the London market closed. ■ ' Cotton soared two dollars fifty cents a bale in New York, while silver, rubber, cocoa, and several lesser sta-ples rallied sharply. Speculative enthusiasm, ran so high that quotations of machinery were swamped, buyers being . particularly eager to acquire metal issues:and other commodity shares, ,several- of which whirled up four to six dollars or more.
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https://paperspast.natlib.govt.nz/newspapers/EP19330420.2.72
Bibliographic details
Evening Post, Volume CXV, Issue 92, 20 April 1933, Page 11
Word Count
101MARKET PRICES SOAR Evening Post, Volume CXV, Issue 92, 20 April 1933, Page 11
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