First Shipment of -Three for Stake: The Moonlight Flit New York, Dee. 29.
Gold to the value of $10,000,000 has been shipped to France and is destined, according to the French newspapers, for the Bank of France in connection with the forthcoming stabilization of the franc.
Well-founded reports state that this shipment of gold to France will be followed by two further shipments of similar amounts.
The total out-fow of gold from the United States up to December this year totals $63,808,000.
Financial circles are giving close attention to Europe's currency Position.
It is expected that the Bank of Italy will shortly attempt to pure chase gold and the opinion is expressed that such purchase will be made in New York in preference to London in view of the premiur on the sterling exchange—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.