Mining Output May Outstrip South Africa as Stocks Reach U.S.$7,000,000,000 Peak San Francisco, July 15. HILE the United States has been building up an idle and inactive gold reserve of $12,000,000,000, Soviet Russia has established for herself through intensive gold mining an active reserve of $7,000,000,000, according to information secured by the Institute of Pacific Relations.
"As a result of {he enormous increase in her gold production, Soviet Russia is consolidating her world economic position to a remarkable degree, according to the survey.
Amongst some of the results acerning from her intensive gold mining, the Institute has received reports of large gold shipments by the Soviets to England which would indicate that the Soviets now consider their gold supply sufficient to enable them to use it in building up reserves in foreign exchange.
Other factors that have developed include large repayments of foreign debts, It also has enabled them for a number of years able trade balance creased this year, to have @ favour-although this de-
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