VALUE OF DOLLAR
CHANGE EXPECTED
RISING DOMESTIC PRICES
(Received April 12,' 12.30 pirn.) ■ , - NEW YORK, April li. , Thef ."Herald-Tribune's"!. Washington correspondent . reports /■ that .despite' President Roosevelt's; v denial, • ,the belief persists that the? Administration is seeking a revaluation of the dollar, perhaps by tacitly co-operating in • decline of the franc and sterling.- Such a decline on a .permanent basis would have the effect of- retarding overexpansion of domestic prices, which the Administration seems to be r/ixious to prevent. '.-'■. •' •./ ; ,'. : . v
r The-influx of gold to the United States to take advantage of the Treasury's high price apparently continue* unchecked., ;, Thur^lay's sterilisation purchases amounted to 6,041,000 dollars, and 367,000,000 dollars' worth have ..been bought since the beginning of the autumn. .■'■ . ; •'. ...., '„• : .
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Bibliographic details
Evening Post, Volume CXXIII, Issue 85, 12 April 1937, Page 9
Word Count
118VALUE OF DOLLAR Evening Post, Volume CXXIII, Issue 85, 12 April 1937, Page 9
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