DECLINE OF STERLING
NEW LOW LEVEL. REACHED IN NEW YORK. SUGGESTED REASONS. United Press Assn. —Elec. Tel. Copyright. NEW YORK, Nov. 29. A new low level was reached by the pound to-day, closing 4| cents lower, at 3 dollars 15 9-16 cents. Official support was not evident, and dealers attributed the downward trend to the foreign war debt situation. Speculative manipulations also may have been a factor. The Canadian dollar closed at |ths of a cent higher, at 84 cents. LONDON, Nov. 29. • Sterling on New York was quoted to-'day at 3 dollars 164 cents.
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Bibliographic details
Waikato Times, Volume 112, Issue 18807, 1 December 1932, Page 8
Word Count
95DECLINE OF STERLING Waikato Times, Volume 112, Issue 18807, 1 December 1932, Page 8
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