New High Record Price of Gold
STERLING STILL DECLINES (British Official Wireless) RUGBY, March 2. A new high record price of gold was reached, at to-day’s fixing when gold to the value of £362,000 was disposed of at 146 s IOJd an ounce, representing an increase of Is 91d. Exchange of sterling on New Y'ork was at 4.79 dollars to £l, and on Paris 71 13-16 francs to £.
Causes Anxiety in Paris United Press Association.—By Electric Telegraph.—Copyright. • LONDON, March 3. •The Sundfiy News’ Paris correspond-ent-says the renewed fall of the sterling is causing extreme anxiety in Phris. Neither M. Flandin nor any succeeding Government would dream of abandoning the gold standard voluntarily. Nevertheless, every time the sterling falls, France’s' economic financial position is shaken and the opinion is expressed that if the pound slides much longer-it will bring about econ-omic'-ruin. Inc Europe: French trade will be seriously affected by the reduction of the price of British goods
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Manawatu Times, Volume 60, Issue 53, 5 March 1935, Page 7
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157New High Record Price of Gold Manawatu Times, Volume 60, Issue 53, 5 March 1935, Page 7
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