Show Demand for Dollar I. I Expands in London f LONDON Oct 16 The P Arne Amer Ican can dollar had a field day today t one time gaining 17 cents but bu it reacted re acted to close at only 6 cent bett better r than Saturday i t 4 Opening at the rate jum jumped d several cents at a time to which wj- was the best since June Junc The chief factor was hasty covering 1 by y can continental Un speculators on weekend week week- end developments supplemented by local American buying with the p pro coeds of oC gold currency sales me Ibe sentiment was helped by bythe the belief the United St States does not intend to o I bring about drastic Inflation During the afternoon the specula tors took a hand In the renewed sell leU- Ing inK and with American offerings the rate weakened 11 cents to close it at at Gold currencies on the thc other hand after an early weakness bc became firm er The French franc closed at atthe 80 M the German mark at 1330 and the Dutch guilder at The gold price dropped 33 perce pere e S Sper per ounce to shillings and 0 C pence f t through an early weakness of then franc ranc on which the gold price is iH 15 I based i I |