OCR Text |
Show Canada Sending Gold to New York. NEW YORK, Dec. 12. The Canadian government is shipping $10,000,000 in gold to this city, it was announced today, for the purpose of meeting obligations here and also to check the depreciation in Montreal exchange. Canadian exchange yesterday declined ?43.T5 per $1000, which carried the rate of $110 or a premium of 11 per cent on American dollars in Montreal. Sale of Canad'an grain bibs 's believed to have accentuated tho weakness In exchange This is the largest import of gold made from Canada since last June. The gold will be sold on arrival to the federal reserve bank. |