The report issued by Messrs. Semuel Montagu & Ca. for May 2% has just reached Shanghai. Dealing with the gold situation it saysi—The Bank of England gold reserve against its note issue is £126,540,915, as compared with £126,540,435 last week.
The fair amount of gold that came into the market was taken for New York.
It is reported that gold to the value of $8,318,000 has been received in New York—$5,782,000 from London, $1,730,000 from Sweden and $806,000 from Venezuela.
On May 23 President Harding emphasized in the following words the importance of inter-trade between nations, rather than accumulation of gold:—'We are learning
Text read from the printed page and cleaned; old type leaves the occasional error.