AMERICA’S GOLD
IMPRESSIVE FIGURES. (Australian & N.Z. Cable Assn.) WASHINGTON, April 12. The Federal Reserve Board announces that, despite increasing capital, foreign merchandise purchases, investments abroad, and the so-called invisible U.S.A. exports in 1925-26, the United States lost during the period only nine million dollars of its gold supply. . The Board estimates America’s gold surplus at 4.080 millions of dollars, compared wiah 5,100 millions held by thirty-nine other principal countries. The maintenance of the supply here is believed to be due to the progressive increase of American investors’ incomes from their holdings abroad. It is estimated that Americans have received in excess of eight hundred million dollars during 1927 from their foreign.investments.
The American-held securities in foreign governments total 12,800 millions of~ dollars. In foreign private ventures, Americans hold three thousand million dollars worth of shares.
The American capital exports for 1926 are estimated at 1,300 million dollars.
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Greymouth Evening Star, 14 April 1927, Page 5
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147AMERICA’S GOLD Greymouth Evening Star, 14 April 1927, Page 5
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