RISING PRICE OF GOLD
ADVANCES IN AMERICA STERLING’S SPECTACULAR JUMP. LONDON ATTRACTS CAPITAL PARIS AND NEW YORK (United Pr.'sx Association—By Electrio Telegraph Copyright.) ! Received 1.40 p.m. to-day. NEW YORE, Nov. 6. The Government’s price of gold continued! in successive advances to-day arid was quoted at 32.84 dollars an ounce, 17 cents above Saturday’s price and 28 above the London quotations. The pound soared spectacularly and touched 4.93, six cents plug above the gold standard parity, and closed at 4.90. Although this undoubtedly _ was due in part to the functioning of the gold policy, exchange experts report a heavy flow of capital from Pans and New "York to London.
Reconstruction Finance Corporation officials revealed that 2,800,000 dollars in gold were purchased domestically and “substantial amounts” (abroad Despite the weakness of the dollar ■Security commodity prices generally afe lower on the adverse domestic developments, including the industrial and agrarian strike-*.
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Hawera Star, Volume LIII, 7 November 1933, Page 7
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148RISING PRICE OF GOLD Hawera Star, Volume LIII, 7 November 1933, Page 7
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