FEVERISH MARKET
STERLING FALLS AND RALLIES. BRITISH STOCKS ALSO HARDEN. A SHARP RECOVERY. (United Press Association —By Electric Telegraph.—Copy right.) (British Official Wireless). Received November 23, 12.50 p.m. RUGBY, Nov. 22. ■ After furher depreciation on the London Foreign Exchange market today, sterling at the close made a sharp recovery to 3.27. British Government stocks hardened and Consols (2} per cent.) in particular left off about two points up at 73J, while the new conversion 3 per cent, issue rose to 2 per cent, discount and ivar loan assented to 96|. YEAR’S LOWEST FIGURE. Received November 23, 9.30 a.m. LONDON, Nov. 22. Sterling is quoted at 326 J cents, the year’s lowest level. PRICE OF GOLD. Received November 23, 1.10 p.m. LONDON, Nov. 22. Gold is quoted at £6 6s Id per fine ounce. DECLINE IN UNITED STATES. UNCERTAINTY OF DEBT POSTPONEMENT. NEW YORK, Nov. 21. The decline in the sterling on the assumption that the U.S. Government will refuse the British debt postponement continued unchecked. It touched 327 cents., the lowest since December 9.
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Bibliographic details
Manawatu Standard, Volume LII, Issue 305, 23 November 1932, Page 7
Word Count
174FEVERISH MARKET Manawatu Standard, Volume LII, Issue 305, 23 November 1932, Page 7
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