AMERICAN GOLD PRICE
REGULATION BY TREASURY. PROVISION FOR FLUCTUATION. (United Press Association —By Electric * -icgraph Copyright.) WASHINGTON, Sept 8. Under President Roosevelt’s gold regulation the Treasury Department today fixed the price of newly minted o-old at 29.62 dollars an ounce, compared with the gold standard value of 20.67 dollars, and ordered the Federal Reserve Bank to sell at that rate to arts and .crafts. Foreign purchasers’ price will be readjusted daily if fluctuations in the world markets necessitate it.
HIGHER SILVER VALUE
CONSIDERATION OF PLAN
RENO (Nevada), Sept._ 9. Senator Pittman said that President Roosevelt was to-night considering a plan whereby the price of silver would be increased automatically to one dollar 19 cents per ounce. The plan provided for the issue by the President of an executive order directing the United States mints to accept silver bullion from domestic producers and return minted coins, less 10 cents' per ounce for minting charges. Senator Pittman said he believed the question of the legality of the plan had been submitted to the ,Attorney T - Gcneral, but he did not know if an opinion, had y r et been given to the President.
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Bibliographic details
Hawera Star, Volume LIII, 12 September 1933, Page 5
Word Count
191AMERICAN GOLD PRICE Hawera Star, Volume LIII, 12 September 1933, Page 5
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