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Show GOLD HOLDINGS GBQW DESPITE SHIP IfUS The treasury statement shows the stock of gold money and bullion held in the Pn.ted Slates, July 1, Wils th hishLsl Point of the year, savs the Boston Xews Bureau. This is inte'r-ost.ng inte'r-ost.ng m view of the fact that the com- b!u,eks atsao,'nYn,t ,of " federal reserve g d reserve JU ' 3 fhowcd a decrease in d v nreef "K' June the Fri- " P.lecedmg removal of the gold em- OoHMWr- dUe U' hdraw-arl of 1 ?- -,n July, 1 showed an increase ot .i,0J!l. j 1,8 over June 1 feivJl"'!;''8'' be'l,;i"s on the situation, the bu1krti,.rcrve bo;ira xm -is juiv has h 'L f ?-erlloVHl of the gold embargo of rai l , !'HT'V e,d by '""derate shipments tlvif, Vr l"01, hoVev3r. are much more "hcrtw , k Ji' ld cither imported or a i-ivlT i b. ""lotted, and whose earlv been L cefliUn- roign exchange has dnv w MmSl CflS''S wmk !lnd '""'or than duimg the preceding month, francs and condUion "' a "a''tic"larly unfavorable With sterling exchange making new low records daily, a resumption of gold sh.pments by Great Britain is expected in banking circles. The gradual increase in gold stock of the Limed- States since the first of the year is shown by treasury statements as follows: January . '. 53,080, 510. on February 3 081 Pi5 "Oil 1iiin;h 3w,Yi3:56:s APnl 3,0:)2,415,!lO'j ?Iay 3.11112,430,916 JuPe 3,092,037,(1119 3,0!)5.077,4li7 Gold holdings of combined federal reserve, re-serve, banks reached their high record Juno 6, the Fridav preceding removal of the gold embargo, at 82,201,801.000. Since then the operations of the reserve banks have shown a net loss weekly in gold holdings as follows: Total gold reserves June 6 52.20l.SOl.OO0 Juno 13 2,103,S74.000 June 20 2.105,725.000 June 27 2,M7'.7S4,O0O July 3 2.1 2S 946 0n0 July 11 2.111.824.000 The decrease in the five weeks amounts to 589,980,000. That the gold has been withdrawn through the federal reserve bank of New York Is shown hy a decrease in its gold holdings in the five weeks of 5150,800.000. Gains in gold holdings from June 6 to July 11 were reported by the following reserve hanks: Boston. $17,-717,01111; $17,-717,01111; Cleveland, 53.291,000; Atlanta, $S,-044.000; $S,-044.000; Chicago, 57.473,000; St. Louis, 510,729.000; Minneapolis, $150,000; Dallas, 55,074,000; San Francisco, 515,332,000, a total by the eight banks of S07,S10,0o0. Other banks to show losses were: Philadelphia. Phil-adelphia. 53,791 000: Richmond, $1,262,000, and Kansas City, ?1,937,000. which, with New York, made a total of 5157,790,000. Aggregate losses exceeded aggregate gains by SS9,9SO.OO0, the amount of the withdrawals. The fact that gold has been withdrawn from the reserve bank does net necessarily mean that it will be exported, and the imports which the re-servo re-servo board forecasts will prove an offsetting off-setting factor. |