AMERICAN FINANCE.
THE FLOW OF GOLD. By Telegraph.—Press Association.—Copyright. New York, April 17. Yesterday America made her first return of the gold imported during the October panic, when the National City Bank of New York consigned a million dollars. The reserve in the New York banks is now far above the percentage required by law. (Received April 19, 5.15 p.m.) London, April 18. The New York correspondent of the Standard reports that negotiations are being conducted by the City Bank to absorb the Bank of Commerce. Their united capital will amount to 10 millions sterling, and their deposits to 60 millions.
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New Zealand Herald, Volume XLV, Issue 13728, 20 April 1908, Page 5
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101AMERICAN FINANCE. New Zealand Herald, Volume XLV, Issue 13728, 20 April 1908, Page 5
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