GENERAL CABLES

Hokitika Guardian, 21 October 1932, Page 5

GENERAL CABLES

decline- OF sterling. (United Press Association- -By Llectric Telegraph—Copyright.) LONDON. October 20. The “Financial Times” says:— 'Among the -suggested causes of the decline of sterling is that difficulties on the Continent are prompting nervous holders of sterling balances to repatriate their money to strengthen their own position. As regards the withdrawals of sterling by banking institutions, there has been a revival ot rumours that the position of certain important French banks and the situation in one or two other continental countries is not sudh as to inspire confidence. As regards the withdrawals of privately-held funds, these are jstated to b e prompted by an uneasiness concerning the political outlook in Central Europe. At Paris a theory is thatthe 'American Government, for electoral reasons is ff'ving special support to th 6 dollar, and that this has been at the expense of the pound sterling.

DUBLIN UNEMPLOYED -MARCH. DUBLIN, October 19. Tire opening day of the Dail Eireann was preceded by a “hunger march ’ o* two thousand unemployed. They became dreadied by heavy rain. BRITAIN’S LATENT LOAN. LONDON. October 20. Allotments on the basis of 47 pm cent, of flic amounts applied for wore received to-day by tig. .übsciibc.i's no • ii,. it* i-su t , o c “in. 000.000 worth of two per cent. British Treasury bonds. Do-ling beg u in the Stock Exchange t'ds morning on the ba®’s of oneeighth to oi.a-foilrth premium.