HUGE GOLD STOCKS
IN UNITED STATES. (United Press Association —By KleotriV Telegraph—Copyright). WASHINGTON. March 4. The Federal Reserve Board’s annual report to Congress indicated that at the close of 1930 the American monetary stocks of gold amounted to 4,590 million dollars, being within one hundred million of the peak figure in May 1927, and marking an increase of 310 millions during the year. \)< Describing the resumption of the flow of gold to the United States early in 1930, the report stated:—“ln general, this movement was one from outlying countries producing raw materials to the finance centres, and it reflected a '-decline in the value of their products and also conditions are unfavourable to the flotation of loans in the United States,
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Hokitika Guardian, 6 March 1931, Page 5
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121HUGE GOLD STOCKS Hokitika Guardian, 6 March 1931, Page 5
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