Attributed to Selling Japan Gold to United States London, Aug. 9.
The weakness of the dollar to-day is attributed by the City to heavy sales of Japanese gold to the United States in connection @ith the Far Eastern situation, After touching 4.9925 the dollar recovered on commercial demand, but quite substantial selling orders were reported slightly below the level of 4.9880.
The suggestion that the Senate would pass the Wages and Hours Bill caused selling of dollars, owing to fears of an increase in costs in the United States. These fears, however, were dismissed because it is too early to estimate the effects of the Bill United States economy.
There were no signs of control operations.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.