The Archive · 1923

The Gold Market

Germany's Substitutes: War Area Mines Working Again Reporting from London on August 22, Messrs, Samuel Montagn & Ca. states:—The Bank of England gold reserve against its note issue en the 15th inst. was #£125,816,845. as compared' with £195,813,110 on the previous Wednesday, The demand for India being fairly active, it is probable that only a small proportion of this week's moderate supplies pf gold will go to the United States of America. Gold valued at $3,240,000 has been received in New York from London.

The extent to which German

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