AMERICAN EXCHANGE.
SLIGHT RECOVERY.
" REMEDY NOT DISTANT."
London, September 1. Further movements of the American Exchange are reported. There was a substantial decline in the rate of exchange on Britain to 4 dollars 48 cents, but the rate recovered to 4 dollars 53 cents. Possibly more anxious days are ahead but the remedy is not distant. American bankers fear a further decline m the rate of exchange, and consequent loss of British orders . There is a renewal of the suggestions of a- big allied loan, few iorfc does not want any more gold.
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Bibliographic details
New Zealand Herald, Volume LII, Issue 16013, 3 September 1915, Page 6
Word Count
93AMERICAN EXCHANGE. New Zealand Herald, Volume LII, Issue 16013, 3 September 1915, Page 6
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