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Show GOLD WILL SOON FLOWJIOMEWARD WASHINGTON'. July 10. Hellef is expressed by the treasury officials that tb0 important movement of gold from Europe will approximate $40,000,000 by Christmas. During the last fiscal year tho United States wan drained of coin and bullion to tho extent of more tban $50,000,000. It was thought by tho government experts that the home-J home-J ward flow of gold, would "begin bo early, but that it would follow ordin-son ordin-son trftd condlUon! ,alt'- in the sea- It baa been the observation of tho treasury experts that foreign banks gradually have been aiming to strengthen their gold reserves, which probably accounts or the inquires for .the precious metal at London. A good deal of the exportation of gold wa8 due to natural trado operations. opera-tions. Then a large amouut was shipped to Argentine. That country negotiated a big k.an in London some time ago and much of the gold coin was withdrawn from New York be-j be-j cauBo the foreign houses making the loan could secure better terms there. Last fiscal year there was a net loss by tho United States in gold coin of S42.CI2.C92. The total lo3S of coin by export and from the United States in the arts was ?SG.428,239, which, however, was offset bv a net coinage of $13,S15,547. Imports of gold bullion from July to April was $18,217,680, and exports for the same period J27.627.G82. |