GOLD PRICE MAINTAINED
PROGRESS OF PRESIDENT’S PLAN. United Press Association—By Electric Telegraph—Copyright WASHINGTON, December 9. The Government maintained the seventh business day quotation of 34.01 for gold. The success of major financing since the beginning of the gold programme was said in Treasury circles to be especially significant in view of Dr. Sprague’s prediction that it might become necessary to resort to greenbacks to meet debt requirements. It is held that the moderate exercise of the President’s gold policy, in harmony with commodity price trends, apparently constitutes the Administration’s immediate monetary programme. The dollar moved quietly within a comparatively narrow range to-day, in the foreign exchange markets. The underlying strength of stocks was again evident in late trading on the Stock Exchange in New York today. After a mild reaction, the market closed firm. * The weakness in wheat, coupled with the steadier dollar rate, left little increase for turn ups in the commodity markets to-day, and values fell under scattered selling.
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Timaru Herald, Volume CXXXVII, Issue 19669, 11 December 1933, Page 3
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161GOLD PRICE MAINTAINED Timaru Herald, Volume CXXXVII, Issue 19669, 11 December 1933, Page 3
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