STERLING IN NEW YORK
•STEADINESS WILL CONTINUE.
(Received 5. 10.45 a.m.) London, Sept. 4.
The “Investors’ Chronicle,” commenting on the steadiness of the sterling in New York, says there is a feeling that this will continue for some time as important support is promised in the shap of the remittance to London of the whole proceeds of the recent Australian-New York loan.
This will provide London buyers with 40,000.000 dollars with which to pay for cotton and grain purchases. -(A. and N.Z.)
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Hawke's Bay Tribune, Volume XVII, 5 September 1927, Page 5
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82STERLING IN NEW YORK Hawke's Bay Tribune, Volume XVII, 5 September 1927, Page 5
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