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.
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Otago Daily Times, Issue 23703, 10 January 1939, Page 9
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74THE GOLD TRANSFER Otago Daily Times, Issue 23703, 10 January 1939, Page 9
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