GAMBLING ON EXCHANGE.
PROFIT IN AMERICAN DRAFTS, (special to "the press.") DUNEDIN, November 18. A good deal of gambling is said to be going on at present among local bank customers in American drafts, and tho upward trend of sterling has been responsible for some losses and some gains. An exumplo e-f tho latter was given to a reporter by a, business man for whom, about three weeks ago, when sterling was quoted at 4.61, a draft for £lo6 came to hand. Ho did not lift it until this morning, when tho exchange rate standing at 4.71, he nuule a clear £4 10s. To a man who left a draft running into thousands with his bank there ha* been given a tidy Christina? present by the rise of the pound.
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Press, Volume LX, Issue 18234, 19 November 1924, Page 8
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130GAMBLING ON EXCHANGE. Press, Volume LX, Issue 18234, 19 November 1924, Page 8
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