PRICE OF GOLD
JUMPS NINE DOLLARS IN U.S.A. (United Association—By Electric Telegraph—Copyright.; WASHINGTON,' September 8. Under the President’s new gold regulations, the Treasury Department to-' day fixed the price- of newly-minted gold at 29.62 dollars per ounce, as compared with gold’s former standard value of 20,67 dollars per ounce. The Federal Reserve Ranks are ordered to. sell gold at that price to the arts and crafts and foreign purchasers. Thep rjce of gold will. be readjusted daily if .there are fluctuations in the world markets which necessitate it.
TO INCREASE PRICE OF SILVER
ROOSEVELT CONSIDERS PLAN
RENO (Nevada), September 9. Senator Pittman said here that President Rosevelt is to-night considering a plan whereby the price of; silver will be increased automatically to one dollar nineteen cents per ounce. This plan provided for: the issue by the President of an- executive'order, : directing the United States mints to accept silver bullion , from . domestic'‘producers and retu'rh minted coins, less ten cents per ounce for minting charges. Senator Pittmnn said he believed that the question of the legality of ths plan had been submitted to the AttorneyGeeral, bub lie did not know if opinion had yet been given to the President.
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Hokitika Guardian, 11 September 1933, Page 5
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197PRICE OF GOLD Hokitika Guardian, 11 September 1933, Page 5
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