Salt Lake Telegram | 1934-01-25 | Page 3 | U. S. Buying Drains French Bank Gold

UI U. US S1 S. BUYING DRAINS FRENCH BANK GOLD COLD Reserves Show Decrease of oJ Nearly PARIS Jan 25 UP The UP-The The gold drain on the Bank of France has been resumed largely by American purchases pur pur- chases hases figures released today re- re The reserves show a decrease of slightly lightly less than francs at current exchange rat rates s chiefly due to gold buying by United States interests which have been taking tak- tak Ing ng out an average of nearly 1000 00 a day The exodus of gold follows several successive weekly increases and appears appears ap- ap pears ears to coincide with renewed atack attack at- at tack ack on the franc by internationals international I at-I s speculators peculators