DOLLAR DECLINES
GOLD PRICE UNCHANGED COMMODITIES HIGHER (Klee. Tel. Copyright—-United Press Assn.) WASHINGTON, Dee. 5. For the fourth consecutive day tho Government has maintained 34.01 dollars for the gold price. However, tho dollar value has sunk. Stocks have gone up sharply and commodities are slightly higher. Industrial and railway securities are up one to five points. The Government bond market has weakened proportionately. There is a widespread rumor in financial circles that the Administration has, or is prepared to reach, a stabilisation agreement with Britain in financing the pound between 5 and 5.25 dollars in Washington. Senator Glass has returned to the Senate banking hearing after two months’ illness; He reiterated his plea for a unified banking system. Tho dollar closed at 63.29 in terms of the franc —off approximately a cent from yesterday’s closing price. Sterling dropped to 509 J but rallied and closed at 5154. The franc is up from 606 to 6174. Wheat scored good gains of 2-$ to 2f cents.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18265, 7 December 1933, Page 2
Word Count
164DOLLAR DECLINES Poverty Bay Herald, Volume LX, Issue 18265, 7 December 1933, Page 2
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