Kogo 5. Y10170 3rd Serićs, 57%, (Red. 1685-88) 101.78 -Reuter Increase From $35 To $41.34
An Ounce Asked New York, Nov. 11.
The Committee for the Nation, an organization of prominent industrialists, to-day sent a telegram to President Roosevelt urging that he act to offset the downward trend of commodity and security prices by raising the dollar price of gold from $35 to $41.34 an ounce.
Everyone is aware that the steady fall of commodity and security prices, beginning last March and recently approaching panicky proportions, must be arrested and reversed or the country must suffer greatly. Tens of billions of dollars in security values have been wiped out, and billions more have been cut from the income of producers of raw materials.
Text read from the printed page and cleaned; old type leaves the occasional error.