Salt Lake Telegram | 1939-01-04 | Page 19 | British Pound Rises with Strong Rally

BRITISH POUND RISES WITH STRONG RALLY NEW YORK. Jan. 4 W A strong rally lifted the British pound in terms of ths dollar today as ths trading currents turned to the buying buy-ing sids following further weakness in the pound in Loudon bsfor dealing, deal-ing, started hers. Mors than canceling Tuesday's ahsrp bresk. ths pound was quoted IS cents higher In terms of ths dollar by early afternoon. Gold In London advanced about ft cenu to the equivalent of $34.7 a fine ounce, still a shsde above the price where It may be profitably shipped to ths United States. The upswing affected the French franc with a boost of .00 cent. Currencies which hsd benefited Tuesday by th switch of capital out of London, notably ths belga and Swiss frsnc. dsclinsd narrowly. Ths guilder waa also a shads down.