LATE NEWS
AMERICAN FINANCE
RISE IN PRICE OF GOLD
RUMOURS AND REPORTS
PRESIDENT'S PLANS
United Press Association—By Electric Tdlfl*
graph—Copyright.
(Received November 30, 2 p.m.)
WASHINGTON, November 29.
A furtherM'ise in the price of gold brought with it a" supply of various interesting reports, one being to the effect that President. Roosevelt was contemplating an effort, to keep the dollar temporarily stabilised ■ in. the vicinity; of 5.25 to 5.35 against sterling, until at least after December 15 refinancing. Another was that a representative of the "Stabilisation Fund of the' Bank of England" visited Washington over the weekend and that there was v"somo degree of understanding between, the Federal Reserve and Treasury officials and the English Central Bank." ' ,' Finally from Warm Springs came the intimation that "the President was going ahead with his objective for,a. commodity dollar without change, but as conditions dictate."
Refinancing plans are expected in the middle of next-week, and it is believed will take the form of relatively shortterm obligations. The foreign exchange market seesawed up and down today. Stocks 'and commodities gave a quiet display of strength and the bond market was steady. ■ ; , •
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Bibliographic details
Evening Post, Volume CXVI, Issue 131, 30 November 1933, Page 14
Word Count
187LATE NEWS Evening Post, Volume CXVI, Issue 131, 30 November 1933, Page 14
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