GOLD FOE AMERICA
ALL LONDON OFFERED
Onltcd Fresi Association—Bj Electric Tel*er«p&—Copjrleut. ' (Received January 27, 0.30 a.m.) LONDON, January 26. America .again-purchased the whole £1,400,000 worth of gold offered. This is believed to be a record transaction of its; kind. ■ ' . The price of gold is 132s 8d per fine oz. This' brings purchases of gold in London on American account since January 17 up to £7,650,000 in sterling. The course of the fine gold market is shown in the following returns as already published:— Per oz, • 8. d. ' J&nuary 25 132 1 January 24 132 10 January 23 ... 132 9 January 22 132 11 , January 20 132 9 January 19 132 10 January 18 132 1Q January 17 13? 6 January 16 131 9 January 15 128 6 January 13 127 11 January 12 ;...... 127 0 January 11 127 1 January 9 ~ 126 8% January 8 126 8 January 5 127 6 January 2 .....127 0 December. 28 .'. 126 3 . December 6 126 11 November 2 .. 133 9 October 3 (record) 134 8 DOLLAR NEARINC PAR Uclltl) Prtu Association—Bj Electric Tel*crapb—Copyright. ■ (Received January 27, 9 a.m.) LONDON, January 26. Sterling exchange, London on New York, is unchanged at 4.98 dollars. Simultaneously with these recent purchases of gold the United States dollar has improved" as against sterling as the following table, of rates of exchanges will indicate: — i ' Dollars to £1. > January 25 4.08% January 21 5.00% : January 23 , 5.00% January 22 5.00% January 20 .; 5.01% ■- January 19 ." 5.05 January 18 5,03% January 17 5.13% January 16 5.08% . ' January 15 6.11% January 13 5.09. January 11 ■ ■ 6.11 January 8 5.09 January 5 .............. 5.14 January 3 5.16 V* January 2 ".. 5.17% December 6 5.16% November 22 5.44% November 16 (record in recent years) 5.50 November 15 5.35 . November 9 5.1; November 1 4.78% October 2 ; 4.78 September 5 4.60 August 2 4.43 July 19 4-82% ■ The par value of the United States dollar with sterling is 4.86; 2-3 dollars; FRANC AND STERLING. United rres»' Association—By Electric Tel«cr«i>V- Copyright. (Received January 27, 9' a.m.) ? LONDON, January 26, Sterling exchange on Paris is 79% franca to £1. \ . , . .'■■: The" rate on January 25 was 80, and on January 24 it was 79 5-8 francs to £1. The par value of the French franc is 124.21 to £1. '
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Bibliographic details
Evening Post, Volume CXVII, Issue 23, 27 January 1934, Page 14
Word Count
381GOLD FOE AMERICA Evening Post, Volume CXVII, Issue 23, 27 January 1934, Page 14
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