INTERESTING STATISTICS

Wanganui Chronicle, Volume 83, Issue 35, 11 February 1939, Page 10

INTERESTING STATISTICS

FINANCIAL TRANSACTIONS IN U.S.A. Received Feb. 10, 9.13 p.m. WASHINGTON, Feb. 9. Statistics of more than usual interest to the American financial community were issued simultaneously by three Government agencies. The Federal Reserve Bank announced that 4.200,000,000 dollars of net capital had entered the United States from abroad in the period from 1933 to date, but only a limited amount now represents nervous foreign money ready to leave the United States as soon as conditions abroad become more favourable. A third of the inflow represents the liquidation of American assets abroad, a third foreign buying >)f American securities and a third socalled "floating money.” The gold inflow into the United States during the period totalled 7.700,000,000 dollars, of which 2,100,000,000 dollars represented the favourable trade balance. The Secretary of the Treasury, Mr. Morgenthau, announced that the operation of the 2,000,000,000-dollar stabilisation fund since 1934 had shown a profit of 12,000,000 dollars alter all expenses had been allowed for, although the fund had never operated for profit but strictly for stabilisation. The Securities Exchange Commission announced that the net loss to investors from all types of investment trust sin the United States during the period 1927 to 1935 had totalled 2,900,000.000 dollars of 7,900,000,000 in-