AMERICA’S GOLD STOCKS
FLOW FROM OTHER COUNTRIES. BIG INCREASE FOR YEAR. (United Ptef» —By flllectno Tetejrrapi Copy righto WASHINGTON, March 4. The Federal Rleserve Board’s annual report to Congress indicated that at the close of 1930 American monetary staoks in gold amounted to. £918,000,000 ' within £20,000,000 of the .peak figure in May, 1927, and marking an increase of £62,000,000 during the year. Describing tlie resumption of the flow of gold to* the United States early in 1930. the report stated: “In general the movement was one from outlying countries producing raw material to the finance centres. . It reflected the decline in value of their products, and the conditions were unfavourable to* flotation of loans in the United States.”
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Hawera Star, Volume L, 6 March 1931, Page 5
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118AMERICA’S GOLD STOCKS Hawera Star, Volume L, 6 March 1931, Page 5
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