Show U. U S. S GOLD PRICE RISES 22 CENTS R. R F. F C. C Sets 31 76 as Buying Buy- Buy Buying Buying ing Figure f Quotation at London Is B Br By Associated Press Pre President 27 President WASHINGTON Oct 27 Roosevelt's new monetary policy carried car car- ried ned the R R. F. F C. C price for domestic newly mined gold 22 cents higher today today to to- day in the official hope that com commodity commodity prices will adjust themselves to the tle advance e. e The price was fixed at compared with yes yes- Today's level was 66 cents hIg higher er than the world market markel price at the London opening The Thee e economic Mr Roosevelt's plan holds that prices of gold and commodities ire are closely re re- related When one goes up the con can lention len ion is the other ther will rise Those who watched the experiment closely were puzzled to determine what torm formula la if any the administration lion tion is using in its daily quotations Since the first price of per ounce was announced on Wednesday the advances have been 18 cents yesterday yes yes- and 22 cents today The London quotation dropped from at Wednesdays Wednesday's highest foreign exchange q quotation to yester yester- day It rose to today The margin of the domestic quotation quotation quota quota- tion above the world price has been 27 cents on Wednesday 48 cents yesterday yesterday yes yes yes- and 66 cents today Regular communication facilities of the federal reserve system and the treasury brought up to the minute quotations on gold and the dollar from European centers to Washington on After scanning these the committee commit commit- tee in charge decided upon the price at which gold was to be bought Awaiting reports from the mints and assay offices the R. R F. F C. C could not say how now much gold had been bought |