GOLD BUYING IN U. S. A.
EFFECT ON FOREIGN EXCHANGES NEW LIGHT OX BANKING FAILURES United Press Association—By Electrlo telegraph—Copyright (Received December 20, 7.0 pjn.) WASHINGTON. December 19. The price of gold is unchanged. Bar gold in London, on the basis of the opening rate of sterling at 5.154. was 32.67. Reports that President Roosevelt's advisers are considering a proposal to ask Congress for new monetary powers in promoting a commodity dollar, were termed “purely speculative” by the Treasury spokesman. The dollar rallied in the foreign exchange markets to-day. while sterling and the franc sold off towards the close. Speculative markets moved narrowly, and quietly, as the holiday spirit has settled over Wall Street. Early stocks were firmer. Commodities were irregular. and quiet. Government bonds were firm upon the improvement of the dollar. The dollar closed at 63.49; sterling at 5.14, off one-half and the franc at 6.165. off two cents. PRICE OF GOLD. United Press Association—By Electric Telegraph—Copyright LONDON, December 19. Gold is quoted at 126. 9 an ounce.
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19678, 21 December 1933, Page 9
Word Count
170GOLD BUYING IN U. S. A. Timaru Herald, Volume CXXXVII, Issue 19678, 21 December 1933, Page 9
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