London, Sept. 1.
The London foreign exchange market today opened with brisk buying of dollars again in evidence, and consequently United States currency quickly appreciated to 485.00 cents. compared with last night's closing rate of 485.81 cents.
Conditions, however, soon quietened down, and, following the fixing of the London gold price at 143/3%4d. per fine ounce,' which, with the dollar at 485.25 cents, did not include any premium over the American ship= ping parity, the undertone for sterling became steadier, At the close of the market, the dollar quoted at 485.75 cents, Commenting on the recent fall the value of sterling, the "Fisiancial "Times" cites four contributory. factors, vizi 1, Doterloration, of the tra io, fu Great "ae Fact that the present season 3 a Eommereat de: and, linge balances to Trenult of the "European er
Text read from the printed page and cleaned; old type leaves the occasional error.