AMERICA OFF GOLD
EFFECT IN LONDON
STOCK EXCHANGE REACTION
(British Official Wireless.) 7 RUGBY, April 20. After, a somewhat erratic day in the London Foreign Exchange Market the dollar rate, on sterling improved at .the. close to 3.85 dollars to £1. Other markets were at first considerably affected by the American development, although British funds changed little with 3% per cent. War Loan unaltered at 102 1-16. ■ • . Little selling occurred in the Kaffir Market, which finished firm, as did also internationals generally. After the close the latter showed renewed strength in the street market. ■ Nickels jumped from 15% to 17%, and. Brazil Tractions from 10% to 11 1-16. ,' : ■■ Ne.w York' telegrams report the markets there a* having.-,opened buoyantly with prices generally 'increasing.- :
The dollar rate London on New York on April 19-was 3.61% dollars to £1; yesterday it closed at 3.85 dollars, as compared with 3,49 dollars on April 18.
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Bibliographic details
Evening Post, Volume CXV, Issue 93, 21 April 1933, Page 10
Word Count
150AMERICA OFF GOLD Evening Post, Volume CXV, Issue 93, 21 April 1933, Page 10
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