Business & Finance: Gold Exports

The large exports of gold recently made from New York in a single day ran to $12,000,000. It has been taken by some as marking the end of the danger of "gold inflation" in America. The exports of American gold were mainly occasioned by large foreign loans recently floated in this country. J. P. Morgan & Co., for example, in one day sent $5,000,000 in gold coin to the German Reichsbank, on account of the $110,000,000 German loan sold here this fall. This single gold shipment exceeds all exports of gold to Germany from...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!