The Archive · 1928

Gold Reserves in United States

$1,000,000,000 in Excess off Legal Requirements New York, Oct. 2.

Gold to the value of $2,500,000 purchased in England is being! shipped to the United States om board the liner Olympic. This is ther second shipment of gold from Eng land this year and follows the new, low sterling exchange ruling yestetday. High imports of gold are locke ed for by Wall Street in the hope that they will ease the credit stringency which has resulted in the highest money rate for the past seven years.—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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