Last week, for the first time since September 1934, gold was shipped from the U. S. to Europe. Stout little kegs containing $20,600,000 worth of yellow metal were headed up in the Assay Office in Manhattan, delivered to ships bound for France and The Netherlands. A reversal of the movement that has added $2,700,000,000 to U. S. gold stocks since the dollar was devalued two years ago, the shipments were caused by the dollar's recent weakness in international exchange.
No one was particularly alarmed by the outgoing gold. Indeed, the only fear was that the movement would not continue long enough to...
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