BUSINESS ABROAD: The Gold Slump

From the major banking houses and money dealers in Europe last week, cables went out to England checking a rumor. The rumor: Russia is dumping 1,000,000 oz. of gold on the market, and the Bank of England has bought some of it in a private deal. The bank in line with its usual policy, refused either to confirm or deny buying gold. But there was no doubt that Russia has been selling gold in European markets. Bars stamped with the Soviet hammer & sickle showed up in Amsterdam, apparently shipped there from Czechoslovakia. Bankers estimated that Russia had sold...

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