FEVERISH TRANSACTIONS
£7,000,000 ON MARKET Press Association—Copyright. London, June 5. Panic is not too strong a wordmadness might be even more applicable—to describe the state of the gold market during the past week. A few years ago it would have seemed fantastic that the same people who were jealously hoarding gold should feverishly seek to 'exchange it for printed paper. Yet that is what they are doing. Panic-stricken lest the Great Powers should withdraw their support, gold hoarders have flung nearly £7,000,000 worth of gold on the London market. Yesterday alon £4,250.000 worth was taken up, the remain-
der being held over until to-day Meanwhile Mr Roosevelt’s statement that the gold policy of the United! States would not be changed has calmed nerves and a number of selling offers have been withdrawn.
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Taranaki Central Press, Volume IV, Issue 451, 7 June 1937, Page 5
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132FEVERISH TRANSACTIONS Taranaki Central Press, Volume IV, Issue 451, 7 June 1937, Page 5
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