Salt Lake Telegram | 1933-12-16 | Page 2 | Price of Gold Remains Same

PRICE OF GOLD COLD REMAINS SAME Government Buys More Than Worth of Metal Dr Associated Press WASHINGTON Dec 16 Newly 16 Newly mined domestic gold again was worth an ounce today as the government govern ment pushed its expenditures for tor the metal past the mark Approximately of this um sum has gone to the domestic mining Industry But the rest as M shown by figures Issuing from the White House Housend and nd R. R F. F C. C apparently has been spent pent in foreign markets in furthering further further- ing ng President Roosevelt's plan for raising commodity prices It was the fourteenth successive business day on which the govern government overn ment has held to the figure the high point reached December 1 The White Whit House indicated the extent ex- ex tent ent of foreign purchases when it stated the B. B F. F C. C had set aside ad ad- funds for gold purchases and ami was dipping into the new money The or original ginal allotment was 00 The second was Just when the extensive foreign purchases were made was not dis- dis closed But if in recent weeks they apparently had little effect on the dollars ollar's exchange value abroad The dollar has fluctuated at London Lonon Lon Lon- don on recently from as strong as to o the pound to as M weak as Toay To To- day ay it opened at 2 1 falling ort off offo ortto to o 2 1 in early trading On the tho opening pening sterling quotation bar gold was vas worth an ounce