Show UI u. S. S HAS 4 40 PER PEA GENT CENT or OF GOLD Stocks Total Time All-Time Record Continues Continues Continues Con Con- to Increase By THO THOMAS L L. STOKES WASHINGTON April 15 United Press KIng King Midas himself would be amazed to survey surrey the huge stock of gold now centered In the United ed States constituting over 40 per cent of or the worlds world's supply which would make quite a 3 sizable pile If gathered all in one place Total gold stocks In the United States ate now stand at n a a record for all time time time-a a federal reserve board survey disclosed toda today The world supply is something over 10 10 The Thc golden flow continues continues continues con con- toward the United States Every week for several months it has gradually increased During the last year stocks were increased by Tha subject of gold has many ramifications ramifications rami rami- about which weighty tomes have been written but the general genera effect of a concentration of or such a large arge proportion as now in this country country coun coun- try has lias a tendency to Ie strain other nations in maintaining the gold golc standard according to economists That which adversely s affects other nations lations in turn adversely affects the United States Gold follows tho loans according to o a a. theory held by economists economist Therefore a period of foreign lending on a large scale is seen as the likely means of moving the gold outward again from the United States Gold began to flow toward the United States on a large scale partly because of the attracting influence of the skyrocketing stock market In recent months tho movement has been linked up directly with the de depression depression de- de which has cut down exports to o the United States thereby making the he trade balance of many countries Increasingly adverse to them Most of the gold has come from South America in the last few months Very little has come from Europe During 1930 for Instance Brazils Brazil's gold reserves were almost completely f drained She shipped Ingold Ingold in ingold gold to the United States leaving only about in that country countr Japan during the year shipped In gold a movement necessitated necessitated b by depression slon in the silk in in- in Great Britain's gold reserve has gone down below the normal usually maintained there there- Her stocks now total otal about France has tremendous gold re- re serves They totaled March 1 |