MONETARY GOLD
OUTFLOW FROM U.S.A. HUNDRED MILLION DOLLARS EXODUS IN LAST TEN DAYS By Telegraph- Pre»B Association—Copyright) Received Afay 29, 5.5 p.m. NEW YORK, May 28 Tho United States has lost roughly 100,000 000 dollars of monetary gold •luring the past ten days, the largest outflow since last autumn. tho
British lapse from the gold standard sent other European central batiks tampering for the metal. Bankers express the view that the United States should reconcile itself to a considerable further outflow during rhe next few weeks.
Foreign central bank balances hero are estimated at around 400,000.000 dollars and the nations concerned appear to be determined to take their funds home.
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Bibliographic details
Wanganui Chronicle, Volume 75, Issue 125, 30 May 1932, Page 7
Word Count
110MONETARY GOLD Wanganui Chronicle, Volume 75, Issue 125, 30 May 1932, Page 7
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