THE MONEY MARKET.
AMERICAN GOLD. HARD TO GET KID OF. By CiDle.- Copyright.—Press Assori&tlon.) WASHINGTON, April 12. The Federal Keserve Board announces that in spite of increasing purchases oi foreign merchandise and investments aboard in the year 1925-26, the United States lost only £1,800,000 worth of its gold supply. The board estimates America's gold surpJus at £516.000,000. compared with £1,020,000.000 held by the 39 other principal countries. The maintenance of the gold supply is believed to he due to the progressive increase in American investors' incomes from their holding; abroad. It is estimated that Americans will receive more than £160.000,000 in 1927 from foreign investments.
American-held securities of foreijm Oovernments total £2.560,000.000 and foreign private ventures, £600.000.000. American capital exnorts in 1926 were estimated at £260.000.000.
LONDON STOCK EXCHANGE
EFFECT OF BUDGET PROPOSALS. LONDON". April 12. On fie London Stock Exchange the effect of the Budget. a»d especially of the proposed increase in Sinking Fund payments, was seen in a general advance ot prices. This was especially marked in giltedged stocks, and also in Home Kails and industrial share*. ,
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Auckland Star, Volume LVIII, Issue 88, 14 April 1927, Page 4
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179THE MONEY MARKET. Auckland Star, Volume LVIII, Issue 88, 14 April 1927, Page 4
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