U.S. GOLD POLICY
A TEMPORARY HALT STOCK MARKETS WEAK (Received Nov. 28, 2 p.m.) WASHINGTON, Nov. 27. The gold price again remained unchanged ,as Treasury officials resumed consideration of the Government’s £145,400,000 loan maturities on December 15. The Governor of the Federal Reserve Board, Mr Black, will go to Warm Springs to-morrow to confer with the President. There was a further firmness of the dollar abroad as a result of the apparent standstill in tho Government’s gold purchases, the dollar's position against the franc and sterling improving considerably. The stock market went into a rather sharp decline, while highgrade bonds moved up. Pressure on tho New York Stock Exchange centred against the recent so-called inflation favorites. The day’s losses ranged from one to six points. Commodities, also, reflected bearish influences of the sharp fall in foreign exchanges in relation to the dollar.
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Poverty Bay Herald, Volume LX, Issue 18257, 28 November 1933, Page 6
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142U.S. GOLD POLICY Poverty Bay Herald, Volume LX, Issue 18257, 28 November 1933, Page 6
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