STERLING DECLINES
SHARP REACTION ('Rec. April 23.) New York, April 21. After rising sharply at the opening, the pound reacted sharply to close at 3 dollars 76 cents for cables, nine eents lower than Thursday's close. Canadian dollars closed 3-8 cents lower at 87 7-8 cents. Profit taking and change of feeling -regarding thd Washington developments are reisponsible for the re'a.ct(ion. Trading on the stock market was somewhat quieter. The commodity markets became hesitant though further firmness appeared in copper and sugar. The late tone W-a,s heavy. New York, April 1. A late rally brought the pound to 3 dollars 80 cents, representing a net loss of five cents on the day.
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Rotorua Morning Post, Volume 2, Issue 514, 24 April 1933, Page 5
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112STERLING DECLINES Rotorua Morning Post, Volume 2, Issue 514, 24 April 1933, Page 5
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