GOLD OUTFLOW
GENESIS FROM AMERICA
FOREIGN BANKS’ ACTION
(United Press Association —By ElectricTelegraph.— Copyright.)
NEW YORK, May 28
The United States has lost roughly one hundred million dollars worth of monetary gold during the past ten days. This-is the largest gold outflow since last autumn, when the British lapse from the gold st.anda.rd sekvt other European Central Banks scampering for the metal. Bankers express the view that the United States should reconcile itself to a considerable further outflow cf gold during the next few weeks. The foreign Central Bank balances here are estimated to be around lour hundred million dollars. Those banks appear determined to take their funds home.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19320530.2.36
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 30 May 1932, Page 5
Word count
Tapeke kupu
109GOLD OUTFLOW Hokitika Guardian, 30 May 1932, Page 5
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in