GOLD NOT WANTED
John Dunn, Son, and Co., Now Tork, find satisfaction in the fact that in the United States for the first seven months of 1926 imports have been of greater value than exports. According to the John Dunn view, the United States should be paid by other countries in goods, which means an excess of imports into the States: otherwise, tho other countries, mostly debtor countries, will send gold, and “Uncle Sam” is afraid of gold. He was calculating that in 1926 ho would not bo accumulating gold, but his net goldgain for the seven months was nearly 100,000,000 dollars. The excess of exports shown by the United States in July causes John Dunn and Co. to observe: “A continuation of such balances will undoubtedly lead to further accumulation of gold at this centre, or a curtailment of goods exported from this country.”
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Bibliographic details
Manawatu Times, Volume XLIX, Issue 3492, 30 October 1926, Page 11
Word Count
145GOLD NOT WANTED Manawatu Times, Volume XLIX, Issue 3492, 30 October 1926, Page 11
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