AMERICA’S GOLD PURCHASES
MILLIONS PAID AT HOME HOLIDAY INACTIVITY IN EXCHANGES United Press Association—By Electric Telegraph—Copyright (Received, December 27, 7.30 pan.) WASHINGTON. December 26. It is announced that a total of 525.000 ozs of domestic gold has been bought at a cost of 17.595.000 dollars. The officials refused to reveal the extent of foreign purchases. Effect on Markets and Exchange. With the Government gold price again unchanged, and the foreign securities markets closed for the Christmas holidays the dollar broke slightly in light trading, about threequarters of a cent off Saturday’s close. Sterling and the franc went up proportionately. The year-end selling to accumulate book losses for income tax filing purposes depressed the Stock Exchange, leading shares went off one to three points, in listless trading. Commodities closed irregular, but generally lower
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19683, 28 December 1933, Page 7
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132AMERICA’S GOLD PURCHASES Timaru Herald, Volume CXXXVII, Issue 19683, 28 December 1933, Page 7
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