Washington, Aug. 30. Omecials of the United States Treasury indicated today that a deli berate effort would not'be made to peg sloning" at the old parity, although the Stabilization Fund will continue to operate in what the off ials termed as "the usual co-opera tive capacity with foreign Govern This indicates that fluctuations in sterling would be permitted to continue within limits which the British and American Governments feel to be essential for a margin of safety, and it is understood that the psychological selling point, namely the old parity: of 4.8600, should have no. particular significance for the managers of the Stabilization Fund, were near.
Many attributed the weakness of} sterling to Britain's adverse trade} balance and unattractive economic position instead of war fears.
Text read from the printed page and cleaned; old type leaves the occasional error.