World gold purchases impact on currency values
Economists explained that if the U S government buys gold domestically the effect on world gold prices and the dollar and pound exchange rates would mirror a direct government purchase. American firms would exchange dollars for pounds or francs abroad, depreciating the dollar, with RFC notes converting to dollars and then back into currency. The scenario could raise the world price toward the U S figure or trigger large yen shipments, while in Paris the dollar fell 4.5 cents against the franc to about 14.0968 francs per dollar as a holiday limited trading.
MENTIONED IN THIS ARTICLE
United States
Paris
Dollar Dips on London Market Amid Gold Currency Talk
London market saw the dollar ease slightly against the pound closing near 4.82 for the day after a narrow trading range. Traders focused on gold currencies amid chatter over U S gold policy with Iran noting fluctuations around key levels.
MENTIONED IN THIS ARTICLE
London
Narow
Iran
London Gold Traders Face Weak U S Demand
London brokers report no American demand for gold in the market. About 400000 pounds sterling were taken by continental buyers at 139 shillings and 3 pence per ounce, a 22.5 pence premium on the French franc basis. Prices rose to 1333 amid fierce supply competition, prompting talk America may buy in France rather than London.
MENTIONED IN THIS ARTICLE
London
Sylarl
Neasy
America
France
Fragmented report details probe into college scandal
The article outlines an 08 probe into alleged misconduct with names such as Austin, Richards, and Riker linked to the case. It references the state department and school division, noting witnesses and potential actions as the investigation progresses.
MENTIONED IN THIS ARTICLE
Austin
State Department
Hiurstion
Scermary
Wew
Ane
Attar
Conners
Sre
Fehavens
Richards
Lion tamer trainees graduate at Goebel Lion Farm
Six students complete a training course at the Goebel Lion Farm near Hollywood with two girls among graduates. Lions serve as classroom text as diplomas are awarded by the International News bureau, recognizing them as kings of the jungle.
MENTIONED IN THIS ARTICLE
Cage
International News Plieta
Woman Returns $5 Taken From Boss In Los Angeles
John Kapones, Mistoula candy store proprietor, says a former worker who went to Los Angeles to “get religion” returned a note and money order of five dollars to repay the amount she took. He notes her restitution after a religious awakening and mentions mattress renovation services in nearby classifieds.
MENTIONED IN THIS ARTICLE
Boss
Mibsqula
Man
John Kapones
Los
Angeles
Hupamong
Terler
British trade gains widen as August surplus narrows
The Board of Trade reports August figures show Britain’s adverse balance shrinking by over 10 million dollars, marking a decade low. More home manufacture exports rise while imports from the Empire double, aided by invisible earnings like banking and shipping.
MENTIONED IN THIS ARTICLE
London
Board of Trade
Great Britain
British Empire
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