Show DOLLAR PRICE J CLIMBS FROM NEWEST LOW U U. U S. S Again Sets Q Quotation for Domestic Gold Above Foreign Level I SILVER STUDY OFFERED Considers Setting Up By- By metallic Standard B Br Bj Prell WASHINGTON N Nov With v 11 l the dollar dollot showing new strength abroad the government today resumed the practice of fixing I its purchase price e for tor new mined domestic gold above the wor world Ci level While the exchange rate moved from to 1 to the pound Inthe in inthe the days day's dealings a at London carrying the 4 gold price there the fron fron to io a price of was v established established for R. R F. F C. C purchases of gold U. U S. S bonds were strong in New NewYork York today Yesterday the domestic price e was wasse se set below the London figure Almost Imm Immediately the dollar reversed a Canada Bans Doll Dollar r OTTAWA Nov 11 P Can R-Can- Can Canada's Canadas adas ada's had orders orders or ore ders today tody not to accept United States currency The Instructions wen went out from froin district headquarters yesterday yesterday yesterday yes yes- Because the American dollar had faIlen below par in relation to Canadian mone money Border as well wen as s s interior points point are are affected trend which had carried it to record l low w levels Policy Proves Prove Puzzle Washington wondered if it ft Is the the administration to keep the dollar loosely pegged at some point between today's strong figure of 2 and the lowest point of the decline Officials would not soy say Dollar DolIar manipulators sought the path to Lo cheaper money without stimulating Unfavorable reactions abroad The he he results results re re- suits of yesterdays yesterday's gold pric results results both ln and not desire sy 1 c i sc scanned d. d A A- A Ash sh tP p watch w was also aLeo being kept for tor possible foreign retaliation Silver er Study Offered Results of a special study into allver silver all sil a ver ver und under r a theory have been submitted to President President dent Roosevelt by the committee for forthe forthe forthe the nation it was announced in New York The study has has' been In the process of compilation for several months The fact was stressed however that no rio recommendations were made The committee is composed of Industrial industrial in In- and agricultural leaders The committees committee's special report considers considers con con- siders particularly a composite dollar dol doltar lar tar to be fo sued issued on the basis of a 3 1 silver gold reserve reserve or a dollar backed by 25 cents of gold and 75 cents cent of silver I It was pointed out that the study contemplate Instead Instead Instead In stead it favors favors' the monetary theory known cnown as sym This provides for the establishment of both a a gold agold gold and silver reserve in bullion form as' as the monetary backing for the nations nation's na no- notions notion's tion's money The theory is Js fo founded on the fact that the average fluctuation tion lion of two or more commodities over overa a long period will willbe be much less than I that of one i Retaliation Not Retaliatory action by Great Britain is s regarded here as lS far from an on inv im- possibility especially since yesterday the he pound was the highest since ince 1014 |