Business: Dollar Squeezing

Fortnight ago R. F. C. Chairman Jesse Jones boosted the price paid U. S. miners for gold, thereby squeezed the gold value of the dollar from 66.88¢ to 64.96¢. But the foreign exchange value of the dollar remained over 66¢. Last week, using the shiny new squeezer given him by President Roosevelt, authority to buy gold in the world market (TIME, Nov. 6), Mr. Jones using both hands not only squeezed the domestic gold value of the dollar to 62.94¢ but got the exchange value down to 64.81¢. How much gold Mr. Jones had...

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