THE GOLD TRANSFER
EFFECT IN AMERICA STERLING PRICE BOLSTERED UP WASHINGTON, Jan. 8. The sterling rate closed here yesterday at 4.67|. Britain’s gold transfer not only had the immediate effect of bolstering up the sterling price, but was widel*' welcomed in financial and stock market circles, since the erratic tendencies of the pound had acted as a drag over security prices recently. Stocks yesterday. apparently taking impetus from sterling, gained one to three points.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19390110.2.83
Bibliographic details
Otago Daily Times, Issue 23703, 10 January 1939, Page 9
Word Count
74THE GOLD TRANSFER Otago Daily Times, Issue 23703, 10 January 1939, Page 9
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.