GOLD SHARES
SLUMP IN LONDON
FRANC ALSO WEAKENS
(Received April 10, 2 p.m.)
LONDON, April- 9.
■'.•' The selling of "kaffirs" ; (South; African gold-niining shares) .was resumed this afternoon. 'Despite occasional buying by bargain-hunters,' the',! sharei closed-at the lowest levels.t'i the .day. The franc also';'weakened in the afternoon^despit'e'ithe' iFinance iMinister,.. M. Auriol's, statentent • "denying -■• .OFranjce'i intention to devalue.the franc. ..',.■.. An unusual departure from established'practice, was'the,'fixing.-of the/gold price on the London bullion market without relation .to/the dollar shipping parity; and on.aibasis of demand< and. supply alone. ' ' . ~
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19370410.2.91
Bibliographic details
Evening Post, Volume CXXIII, Issue CXXIII, 10 April 1937, Page 10
Word Count
84GOLD SHARES Evening Post, Volume CXXIII, Issue CXXIII, 10 April 1937, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in