STERLING VALUE RISING
WALL STREET OPTIMISTIC. [BY CABLE —PRESS ASSN. —COPYRIGHT.] (Recd. November 12, 11 a.m.) NEW YORK, November 11. Sterling closed with a spectacular jump, to-day. The final quotations showed in demand at 3.32 J, a gain of 3g.' The strength following a prolonged period of weakness is attributed by local banking circles to the cheerful Board of Trade report issued at London, which showed that British exports were climbing steadily in encouraging ratio to imports. It was also indicated that the new move towards a settlement of the war debts was a favourable factor. The Canadian dollar finished 89?;, up five-eighths from the opening. The continued exportation of Canadian grain, short covering by speculators, and the improved financial outlook in the Dominion, were encouraging reports.
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Greymouth Evening Star, 12 November 1932, Page 2
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127STERLING VALUE RISING Greymouth Evening Star, 12 November 1932, Page 2
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