Evening star., 1933-12-04
Mass of Statistics Awaits
Him on Foreign and Do
mestic Conditions.
GOLD PRICE MAINTAINED
AT PEAK, S34 AN OUNCE
Morgenthau to Announce Figures
on Recent Purchases of
Federal Bonds.
BY the Associated Press.

BY the Associated Press.
Taxes and Federal financing needs
held the Treasury's attention today
with President Roosevelt returning 70
the White House apparently unper-i
turbed by public controversy over his
monetary policy.
The President reached Washington
at IL am, after two weeks vacation
at Warm Springs, Ga.
With Mrs. Roosevelt he stopped for
a moment on the rear platform to
pose for photographers before depart-'
ing for the White House.
The President spent quiet morns
ing reading on his special train.
Ready for the Chief Executive we're
new figures on domestic and interna-
tional economic conditions. portrayed
from the viewpoint of the Governs
ment'S gold purchases. Lacking, how-
ever, we're official indications of any
shift in the gold plan.
Gold Kept at $34.0l Price.
Government gold buying entered the
sixth full week today with its peak
price of S34.0l an ounce maintained for
the third successive day as the dollar
showed new strength on foreign ex-
changes.
The Reconstruction Corporation to-
day reported purchases of slV,4OO,OO0
Of domestic gold. No payments were
the last three days.
the foreign gold situation was Rebe
secret. Chairman Jones of the cor
disc1oSe Dis % the @ anaount purchased abr abroad
Jones today declined to comment
upon reports that the price might be
stabilized al S34
Asked how soon the gold board
planned to bring the price to SABA.
ury's buying price of S20.67 fixed by
law, Jones merely laughed.
Last week the r. F. c. offer for
newly-nlned gold was boosted 25 cents.
During that time the dollar showed un-
usual strength abroad a trend that con-
tinued today.
1t opened in London at 51eIz to the
pound. At this level bar gold va5 bring.
ing S323 an ounce. From its opening,
however, the dollar strengthened rapidly
to S514.
Before the day is out, Morgenthau
promised to announce last weeks
Treasury purchases of Governments
bonds, policy begun when the Fed
eral Reserve System halted open mar
ket buying. In the preceding week,
Treasury bond purchases amounted to
So. .748, 900.
Just ahead was the Treasury problem
OF borrowing more than S700 1000 900
to meet December Is maturities.
Receives Statistics.
Statistics dealing with all phases Of
the gold-buying program. purchases
ahrnad ard a homo Nd s1
understood, some confidential informa.
ton on the gold stocks of other ma
tions were delivered to the Chief Ex-
ecutive at Warm Springs by Eugene
Black, governor Of the Federal Reserve
Board. last Wednesday. Otherwise, ID
was said, the Chief Executive has been
kept appraised only of major develop-
mentS.
The Governments newest financial
systematic Federal Home Loan Banks
developed rapidly in the last two
weeks with the granting of 13 new
charters to give the system a total of
33 members in Is States.
These banks, known as Federal save
ingS and loan associations, are being
developed for the purpose of financing
new home building. They are organized
with the joint use of local and Federal
funds and are conducted by local busi-
ness men or other interested local
groups.
Indicating an even more rapid future
growth, John H Fahey. chairman OF
the board, announced 49 applications
to form associations had been approved
in the last two weeks to bring tho
total of applications to 1876 in 90 States.
Fahey also said hundreds of business
men from all over the country were
inquiring as to procedure and purpose.