AGAIN INCREASED
WASHINGTON GOLD PRICE
EFFECT ON EXCHANGE
(Received December 19, 3 p.m.) WASHINGTON, December 18. Tho United States Government increased the gold price by 5 cents on Monday to 34 dollars 6 cents. Bar gbld in London was bringing only 32 dollars 48 cents on the basis of sterling's opening price of 5 dollars 12$ cents to the £. Ttte dollar dropped in foreign exchange trading in New York, sterling and francs leading an advance of all foreign currencies. The stock market steadied after an early decline, limiting the day's losses to modest proportions. Bonds lost fractionally, while commodity markets, principally cotton and wheat, after making early gains, sold down, the inflationary influences of the increase in the gold price being all but ignored.
The dollar closed at a value of 63.39 cents, after opening at 63.80. Sterling advanced to 5 dollars 14} cents, up 2\ cents. The franc was 6.18$ cents, up 4 points.
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Bibliographic details
Evening Post, Volume CXVI, Issue 147, 19 December 1933, Page 12
Word Count
155AGAIN INCREASED Evening Post, Volume CXVI, Issue 147, 19 December 1933, Page 12
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