The Archive · 1938

Sterling Drops

Sterling dropped below U.S.$4,79 for the first time in more than three years and the London bar gold price reached a new point for the same period as the record flight of foreign capital into American dollars continued, Business here continues its recovery but the forward pace was slower than in August. Market experts and Government officials were worried over the possibility that the war scare would result in a halting of the business recovery in the United States.

Text read from the printed page and cleaned; old type leaves the occasional error.

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