POUND, DOLLAR, FRANC
MOVEMENTS IN EXCHANGE
(British Official Wireless.)
(Received September 4, 11.45 p.m.) RUGBY, September 3,
Although at the opening of business in the foreign exchange market, sterling showed a further small decline as expressed in both French francs and American dollars, the rate later moved in favour of the pound. The advance in the price of gold which at this morning's fixing was 2d up at 141s 7d, establishing .1 new high record, was due to the movement of exchanges in the interval since Saturday's fixing, and the price included the premium of 2s 3d over the dollar at 4.9S 7-8, and of 6d over the franc at 74%.
Some uncertainty regarding the future trend of the price of gold led to an early setback in some goldmining shares on the Stock Exchaug.e which, however, partially recovered later. In other sections business was quiet; but general tendency is steady. Giltedged securities are easier, but War Loan, 3V> per cent., is unchanged at £104 16s 3d"
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Bibliographic details
Evening Post, Volume CXVIII, Issue 56, 4 September 1934, Page 12
Word Count
167POUND, DOLLAR, FRANC Evening Post, Volume CXVIII, Issue 56, 4 September 1934, Page 12
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