Treasury Has Already Received Billion Dollars Washington, Aug. 10.
President Roosevelt to-day told the press that he had not heard of any plan to suspend the programme for "sterilization" of gold-imported from abroad.
Earlier to-day the Federal Reserv? Bosrd had announced that the inflow of gold from Europe had virtually ceased since early July because of the fact that the dollar price of gold had increased at Londor, It was estimated that at present the amount of gold on the London was less than In June and the first week of July $775,000,000 worth of gold had been received from Europe, but the readjustment involved. in the French financial crisis had halted the flow of the yellow metal from France.
It was estimated to-day that since September, 1936, more than $1,000,- 000,000 from private holdings ' had been received, leaving considerably less than $1,000,000,000 at present hoarded. Of this amount it is believed that more than one half' is likely to be in India and the reieainder concentrated in London, It was worthy of note that to-day's announcement by the Federal Reserve Board marked the first time that a Government agency had made public its estimate of gold hoardings.—United Press,
Text read from the printed page and cleaned; old type leaves the occasional error.