International Monetary Conferences Their Purposes Character And Results With

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2 12. 1 '13. 5 'si's 176 ' '4. 2 5. 6 9. 1 80 7. 5 2. 5 5. 0 3. 4 8. 4 6. 4 5. 4 3. 3 1. 8 2. 7 1. 8 60 ....
. . . .
47. 5 49. 4 12. 5 2. 0 2. 1 9. 1 12. 8 10. 8 11. 3 . 8 1889.... 1890... 1891.... 1892....
1881-88. 1889-92.
49. 6 4. 3 68. 1 . 5 16. 8 45. 0 29. 8 28. 2 40. 1 '24. 0 53. 5 '25. 6 3. 6 15. 6 24. 9 6. 7 6. 4 17. 2 13. 1 '55. 3 89. 3 182. 3 182. 3 162. 9 40. 4 122. 5 148. 5 28. 7 119. 8 35. 1 35. 1 166. 2 48. 6 117. 6 88. 5 62. 9 25. 6 77. 7 26. 9 50. 8 18. 4 18. 4 72. 5 35. 8 36. 7
... 144. 6 158. 3 146. 2 12. 1 144. 6 CONDITIONS OF CIRCULATION IN THE UNITED STATES 355 Analyzing these results it is observed that the net gain or loss in the respective countries for the two periods was: 1881-88.
Gain.
United States, 141. 9 England, Germany, 8. 5 France, Austria, 35. 8 Russia, 146. 2 1889-92.
Loss. Gain. Lose.
6. 4 England, 119. 8 United States, 122. 5 14. 3 France, 92. 0 Germany, 50. 8 Austria, 36. 7 Russia, 132. 5 166. 9 431. 8 122. 5 What was the cause of this remarkable movement of gold beginning in 1888, so different from that predicted by Mr.


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