U.S. GOLD POLICY

Evening Post, Volume CXVI, Issue 105, 31 October 1933, Page 10

U.S. GOLD POLICY

EFFECT OF UNCERTAINTY

WEAKNESS IN WALL STREET

(Received October 31, 2 p.m.)

NEW YORK, October 30,

With the domestic gold price set at 31 dollars 96 cents,''against the London price of 31 dollars 40 cents to 31 dollars 52 cents depending on the quotation of' sterling, and with the announcement of an impending gold .purchase abroad, the dollar dropped as much, as 10 cents in exchange transaction* to 4 dollars 82 cents against sterling, but the domestic markets were not favourably affected. Stocks turned weak in late trading and losses replaced early gainis on a short-lived flurry of strength. Important issues dropped 2 to 6 points, and Government bonds weakened in a reflection of the uneasiness over the- Government's policy". Commodities also lost all or part of their early advances.