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Show :HA!ir Hr mrh IS Effllll Embassy Reports Business of Country Enormously Increasing Increas-ing and Gold Needed. WASHINGTON, May 26. Normal trade movements resulting from an enormously expanding export trade was tho explanation given today at the Japanese ombassy for tho large withdrawal of gold from America within with-in tho last few months. It was pointed out that America has been obliged to replace In large degree de-gree her imports of silk from France and Italy by supplies from Japan. The same Is said to be true of other commodities. com-modities. On the other hnnd, it was said, ox-ports ox-ports from the United States to Japan, Ja-pan, whilo showing a substantial increase, in-crease, wore far from sufficient to overcome the growing balance of trado in Japan's favor and that the ombassy explains caused the rapid Increase in exports of gold. Tho Japanese embassy has conferred confer-red with tho treasury department officials of-ficials regarding these gold exports to Japan and as a result tho treasury department de-partment will continue to transfer gold by draft from New York to San Francisco with exporters paying the cost unless there is some evidenco of an intention of far eastern banks to hordo gold or to permit it to reach Germany. |