Salt Lake Telegram | 1931-09-21 | Page 10 | Sterling Makes $3.75 Low;Rallies

ST STERLING M MAKES KES LH LOW RALLIES f lW llES NEW NW YORK Sept 21 IP Fluctuating widely the British pound pud sterling storing str- str stor ster- ling ing dipped to to a new low for for the present pres pres- ent decade of for cable trans trans- fers ers before rallying to around aroud in n the foreign exchange market here today oday toay The temporary suspension of the gold standard by Great Britain demoralized the foreign exchange market and bankers experienced dif dif- in iii i establishing a market price for or foreign currencies and ad In i only a afew afew afew few Instances were rates rats more than tan nominal Only Onh six sl foreign currencies were generally quoted quote The Te Canadian CanadIa dollar dolar suffered with the he pound sterling and fell fel to the theowest lowest level reached reache In many years being quoted quote at a a discount against American dollars of 5 12 2 per pr cent or 94 2 12 cents cent The Te Italian lira lia sagged 2 cents cent Spanish peseta was wa oft off of 10 points pint and were the French Fench unchanged franc and Swiss Swi franc frac