STERLING EXCHANGE RATE
DECLINE IN AMERICA. FURTHER DECREASE EXPECTED. Preas Aeeociation—By Telegraph—Copyright. NEW YORK, Julv 17. (Received July 24, at 11.5 p.m.) The sterling exchange rate inNew York fell to 426 cents, rallied to 434 cents and closed at 432 cents. ' Experts believe that a, further decrease is certain unless credits are extended to Europe. A group of international bankers is planning a meeting to discuss means of preventing further decreases.—A. and N.Z. Cable.
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Otago Daily Times, Issue 17686, 25 July 1919, Page 5
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74STERLING EXCHANGE RATE Otago Daily Times, Issue 17686, 25 July 1919, Page 5
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