The Archive · 1939

U.S, Dollar Remains Firm

London, July 7.

Restoration of President Roosevelt's power to devalue the doling and Jextension of the American currency. stabilization fund had no. visible effect on the dollar on major European (Currencies Nucteated within' narrow foreign exchange, maruers yesterday.

margin through the day:—"United Press. small Mines Losing Mexico City, July 6.

"The price of 38 cents per ounce Jot silver barely covered production Jcosts in some mines. At' the new price of 36.75 cents per ounce, (fixed by the U.S.) about twenty mines will Ihave to close down," Havas was told today "by an authoritative" mining "The only solution," he said, J-would be for the Mexican Government to renounce certain export taxes, thereby reducing its own

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

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