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Show I GOLD IMPORTS SHOW EXCESS OVER EXPORTS Preliminary figures of exports and imports im-ports for Juiy show gold exports at ?54,-073,000, ?54,-073,000, an excess of exports oTcr import of $02,820,000, according to the Boston -New Bureau. This compares with a de- crease in KOlct holdinss of the country from July 1 to AUKUSt 1 of J103,529,358, ( the latter being more than double the net exports. The inference is thai u titles of Bold are belnK consl,m'' arts and manufacturers. With decline in gold production . crease in general wage scale sullant Increase In sale of ,' t luxuries. It has been undorslv' facturers would have to reion . ins up United States sold coin , i sufficient raw material. A comparison of itemized im of the United' States In h, ' months shows the greatest lo coin in circulation: Aug. 1. Julv Held In treasury ? 363,400,640 $ 360,604,070 Held bv federal reserve banks and re- ) serve agents 09S.03S.640 1,019, 300.H0 In circulation 1,628,108,493 1.715,173,257 , , Total $2,989,548,109 ?3,O95,077,4G7 7 ' Increase. v Gold holdings on July l" marked the high point of 1919. In connection with the fall in gold holdings in the United Stages in July it should be noted that on August 8 the federal reserve bank of New York included in-cluded a new item in its list of resources, being "gold in transit or in custody of foreign countries." This was first reported at $85,258,000. On August 15 the total was $89,631,000 and on August 22 was increased to $102,743,000. It r at the time that the gold will be" '' with the Bank of England and exact value os determined it wi 1 cated among the twelve reserve! shown among the banks' gold r. ' der "Gold with foreign agenda r this is done, this gold held by i of England, but earmarked for ;l f' States, will probably be includ, i; country's gold holdings and wf ' offset the heay decrease in Jul-. 1 |