The Archive · 1934

AMERICAN TREASURY'S STABILIZATION FUND

Washington. Oct. 18.

1 wae revealed to-day that the treasury's $2,000,000.000 Stabilization Fund is 0 per cent. intact, thus squa shing the frequent rumours to the effect that the money is being used for dealing in government bonds, silver and foreign exchange on a scale much Targer than i now shown to have been possible.

There is no indication that the Fund has been employed for any other ising exchange, but ict shows definitely, that there Reuter.

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

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