AMERICAN POLICY MEASURES

Evening Star, Issue 21638, 6 February 1934, Page 12

AMERICAN POLICY MEASURES

STEADY PROGRESS PRESIDENT DOMINATES CONGRESS Press Association—By Telegraph—Copyright. WASHINGTON, February 5. (Received February 6, at 1.30 p.ra.) Demonstrating President Roosevelt’s complete control of Congress, the House of Representatives to-day passed the 050.000. dollars Civil Works Administration Relief Bill under suspension of the rules and with only a single dissenting vote. GOLD ACCUMULATION WASHINGTON, February 6. (Received February 6, at 1.30 p.m.) The Government’s gold stocks increased by 1,500,000 dollars to-day to 7.019.000. dollars. This is presumably due to gold returning from hoarding and Treasury purchases. FLOW OF CAPITAL FROM ABROAD FRENCH FRANC DROPS. NEW YORK, February 5. (Received February 6, at 12.30 p.m.) The French franc cracked sharply today under the pressure of a heavy international movement of canital. which has continued since the revaluation of the dollar. Funds are being rushed from Paris, which, together with the further flow of capital from London and the other foreign centres, continued to move partly into American securities. Altogether 4,940,000 shares were traded on the Stock Exchange, the activity being the greatest since last July. The franc dropped nearly half a cent. The dollar, however, is relatively steady against sterling.