The Archive · 1934

Big "Profit" Made

Washington, Feb

A statement issued to-day by the Treasury Department shows that prot of $2088,000,000 "new style" Mas made as a result of the de-Valuation of the dollar aid the con Seaquent fevaluation of the" gold rocky mn che Federal Reserve Barks den surplus 9f $974,006 000 conparfed" with a defeat of $1,923,000,000 en surplus eaugat

Sanuaty Si, "The gold, stocks on February 1 wore, value at $1,018,00,000"com-Prod with $4098, 000,000 48 a hand Fed'eents to the sollar on January the two billion dollars stabilisation fund was to be created from the gold profit the statement cither indicates that the fund has for yet been created or is kept 2 part of the gold stocks shown the Treasury's: books—Reuter,

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

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