LUST STAGES

Evening Star, Issue 21632, 30 January 1934, Page 12

LUST STAGES

AMERICAN MONETARY BILL

HOUSE ACCEPTS SENATE’S' MINOR AMENDMENTS Press Association —By Telegraph—Copyright. WASHINGTON, January 29. (Received January 30, at 1.30 p.m.) Without objection, the House of Representatives accepted the Senate’s minor revisions to President Roosevelt’s Monetary Bill. The measure will now go forward to White House, where the President’s signature is expected tomorrow, after which the vast dollar stabilisation fund and other features of the Bill will become operative immediately. The repatriation of much capital which fled from the country during the months of monetary uncertainty is causing some concern in Treasury circles. It is felt that it will have the effect of forcing the dollar upward, contrary to the Administration’s wishes to keep it at least below 60. If may be necessary for the Treasury to start immediately selling great quantities of dollars to maintain the desired depreciation. ALL MARKETS REACT NEW YORK, January 29. (Received January 30, at 1.50 p.m.; All , markets were sharply up to-day on completion of the Monetary Bill and further evidence of business improvement. The dollar was slightly weaker. Stocks advanced one to four points, a number of issues reaching the 1933-34 high levels. All commodities gained. Wheat was up 2|- cents, cotton Idol per hale, and silver one cent per ounce.