U.S. GOLD BUYING
A TEMPORARY HALT REDUCTION IN PRICE (Elec. Tel. Copyright—United Proas Assn.) (Received Nov. 2, 2 p.m.) WASHINGTON, Nov. 1. With the gold price up here and overseas, tiie Government’s plans for purchases abroad were temporarily blocked by the closing of the banks m France for the observance of All Saints Day. To-day’s margin between the American and the world price of gold was reduced to 74 cents. Part of the shrinkage was due to the weakness of the dollar against the pound, the former declining as low as 479 i cents. On the New York Stock Exchange, mining ami liquor shares led the market in a. brisk rally toward the close of trading, after an earlier setback brought on by a sharp decline of grains. Wheat suffered a 2-cent. loss after a one-time decline of over 4 cents.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18235, 2 November 1933, Page 8
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141U.S. GOLD BUYING Poverty Bay Herald, Volume LX, Issue 18235, 2 November 1933, Page 8
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