WORLD'S SILVER OUTPUT.

Hawera & Normanby Star, Volume XLII, Issue XLII, 28 March 1922, Page 5

WORLD'S SILVER OUTPUT.

DECREASED PRODUCTION.

An estimate of the world's produci&an arid consumption of silver in 1921 gives the world's total production host years as 161,000,000 ounces, against 174,000,000 ounces in 1920. Of this total the United States is estimated to have produced 50,000,000 ounces ia 1921, against 55,400,000 ounces in 19% Mexico 62,000,000 ounces, against 66,709,000 ounces; Canada 10,000,000' ounces, against 12,800,00© ounces; and other countries 39,000,000 ounces, against 39,300,000 ounce*.

It is •estimated that consumption for Governmental purchases and exports to the East absorbed 36,500,000 ounces more of silver than the year's production. The total distribution on these accounts is estimated at 197,500,000 ounces, ©f which 18,000,000 ounces were assigned to the United States consumption in the arts, 2,500,000 ounces to similar English consumption, 50,000,000 ounces to purchases under the Pittman Act by the United States Mint, 5,000,000 ounces to Mexican Government purchases, 36,000,000 ounces to shipment from England to India, 5,300,000 ounces to shipments from the United States and England to China and the Far East, and 22,200,----000 ounces to purchases in the United States for subsidiary coinage and other purposes.