NEW LOW RECORD
FOE THE B OLLAIt CONCERN ON LONDON EXCHANGE ;United Press Association — Sly Electric Telegi aph— Copyright.) LONDON, November 15. The foreign exchange market here became excited when the dollar plung- ! ed to. a new low record. | Uncertainty exists on the London, stock exchange' owing to the fear that Prance may .now devalue the. franc. | British coal owners also fear A men- i can competition on the European markets. j The Parisian market, however, ig not ■ affiected. No alarm is felt so long as j sterling is kept stable, for whiclj rca- j eon the British exchange equalisation, fund is keenly welcomed.
WILL AUSTRALIA CONVERT. DOLLAR BONDS INTO STERLING. NEW YORK, November 16. There are persistent rwmourg that Australia will undertake the cottver-. sion of her dollar bonds into sterling. These' rumours have had a disturbing effect on the market for Australian dollar bonds. ! The Commonwealth and the Austra- ; lian States and municipalities’ bonds! were down from one to 4| to-day, |after showing weakness for several days. Although the present high quotation of the .pound as against the dollar would make sterling bonds attractive, many of the holders of these bonds appear to prefer dollar securities and therefore are selling the Australian ones.
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Hokitika Guardian, 17 November 1933, Page 5
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205NEW LOW RECORD Hokitika Guardian, 17 November 1933, Page 5
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