RISE IN STERLING.
Further Sharp Appreciation of Value. United Press Assn.—By Electric Telegraph—Copyright. (Received January 16, 12.30 p.m.) RUGBY, January 15. There was a further sharp appreciation in the value of sterling to-day. After a rise yesterday of 51 cents, the New York cabled rate this morning increased to 3.50 dollars, and in Paris the sterling rate, after rising nearly a franc during the day, closed yesterday The newspapers here say that the persistent sales of French francs are believed in some quarters to be associated with the Indian gold shipments and the demands for sterling in New York were chiefly responsible for yesterday’s ready rise.
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Bibliographic details
Star (Christchurch), Volume XLIV, Issue 323, 16 January 1932, Page 1
Word Count
106RISE IN STERLING. Star (Christchurch), Volume XLIV, Issue 323, 16 January 1932, Page 1
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