Show Mining ining Financial Commercial News I oLD i TR TRANSPORT Nip RT UNS TO MONEY E Europe rope Has Little Gold Left Leftin 1 in U U. U S. S to Take Back fRANK H. H McCONNELL B Writer riter Sed Press Financial r YORK June nc 8 Recent l s gold ld NEV from ro America to Europe resulted in throwing about 1 1 l ve e revenues in the past of frei freight ht months to the hc principal trans- trans t O steamship Imes Iines this figure is not enough to toise i While N ile f I shipping Winning company stockholders ise at amount of jubilation it soy illY treat great commands res respect from of the steamship comS com com- S es which recently have hae T V not been es Sing more than one half to three- three SK of their normal tonnage I expected to 1 Sh Shipments of 01 gold arc are to Europe for a while longer that the movement hankers report SS Son soon begin to dwindle For Europe has greatly reduced total toul of its long and short term terms the ile s held in this country They estimated at about nOW OM are as M compared with approximately two and a half hall years needs rn Of this amount Europe about go 50 on hand here to ordinary commercial See take care of t fore ore e important s still 1 bankers rc- rc world favorable been the has pert reception to the news that Washington Washing Washing- ton Ion had id enacted budget-balancing budget The dollar has gone up upi i price as a result is Jt It costs roughly to ship 1 1 roo of gold from rom New York to Paris pris This charge is comprised of freight charge 2500 rail uil freight cost from Havre to Paris Paris Paris' insurance 50 and loss of interest in in- terest In transit which amounts to laCO with ith leading European gold curies cur- cur ies quoted at smaller premiums o ever tr r the dollar bankers say there is islea leSs lea demand from Europe for gold European money masters can see no pod nod reason to pay payout out for a aJl Jl shipment representing a age dirge ge of tenths four of 1 per cent unless the disparity in exchange rates rate core nore t than an offsets this item of cost |