GOLD STANDARD
VALUE OF STERLING. (United Press Association. —By Electric Telegraph.—Copyright.) RUGBY, October 1. No change was made in the Bank of England discount rate to-day. The price of gold to-day decreased by Is 7d to 103 s 8d .
On the Stock Exchange this morning, the outstanding feature was the strength displayed by leading high class investment securities, following upon the favourable tendency of sterling on foreign exchanges, with New York cable quoted at 3.945, leading British funds were all either three quarters or a-halt up. British funds continued strong on influential buying, a rise of one and a-half and one and three-quarters occurring in the principal funds.
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Hokitika Guardian, 3 October 1931, Page 5
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108GOLD STANDARD Hokitika Guardian, 3 October 1931, Page 5
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