Salt Lake Telegram | 1933-10-02 | Page 10 | Dollar Has Sharp Break in London

Dollar Has Sharp Break in London LONDON O Oct OThe 2 The P The The United States dollar broke sharply in foreign foreign for for- eign exchange today closing at 2 1 12 the lowest value since a 1 week ago Saturday It fell away steadily from the opening opening open open- ing rate of 4 4 1 to M. M shortly short l ly 1 close when It rallied to recover slIght slightly Selling pressure wiped out slow gains made in quiet trading last week when reassurances concerning th the United States currency policy had brought a temporary halt In the dollars dollars dollar's dol do lars lar's downward trend Continental buying of gold currencies currencies curren curren- cies against the dollar featured today's today's to to- days day's market markel the franc frane closing at al considerably strengthened from the opening of at It touched just before the close