AMERICAN GOLD
SHIPMENT TO LONDON. (Rec. 7.40 p.m.) New York, May 28. Despite the announcement of 15,000,000 dollars more gold engaged for export to London with the intimation that subsequent withdrawals would be considerably greater, the sterling exchange held firmly around 4.88 g dollars for cable transfers. In some banking circles it was said that the movement of gold from New York to London might reach 100,000,000 dollars in connection with the plan for the fusion of British currency.—Australian Press Association.
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Bibliographic details
Southland Times, Issue 20499, 30 May 1928, Page 7
Word Count
81AMERICAN GOLD Southland Times, Issue 20499, 30 May 1928, Page 7
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