GOLD FLOWING IN
United States Stocks Grow Larger BOARD EXPLAINS WHY By Telegraph—Press Association—Copyright. (Rec. March 5, 7.30 p.m.) Washington, March 4. The Federal Reserve Board’s annual report to Congress indicates that at the close of 1030. American monetary stocks in gold amounted to 4,590,000,000 dollars—within 100,000,000 of the peak figure in May, 1927, and marking an increase of 310,000,000 during the year. Describing the resumption of the flow of gold to the United States early in 1930 the report stated: “In general the movement was one from the outlying countries producing raw materials to the finance centres, and reflected the decline of the value of their products and conditions unfavourable to the flotations of loans in the United States.”
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Dominion, Volume 24, Issue 137, 6 March 1931, Page 9
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120GOLD FLOWING IN Dominion, Volume 24, Issue 137, 6 March 1931, Page 9
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