In
addition to the gold and silver produced by domestic smelters and
refiners from domestic sources in 1918, amounting to 3,320,784 fine
ounces of gold and 67,810,139 fine ounces of silver, these plants
produced 566,886 fine ounces of gold and 55,979,420 fine ounces of
silver from foreign ores and bullion, a decrease of 202,285 ounces of
gold and an increase of 5,872,609 ounces of silver compared with the
corresponding figures for 1917. The foreign ores producing this bullion
came mainly from Mexico and Canada.
The
value of the new gold used in the arts and industries in the United
States in 1918 was $32,892,395, as compared with $34,803,445 in 1917,
and the quantity of silver used for such purposes in 1918 was
26,722,333 fine ounces, compared with 15,998,807 ounces in 1917. Part
of the large increase of about 10,724,000 ounces of silver so used was
due to the expansion of the photograph-film and moving-picture
industries. The consumption of silver in the arts and inĀdustries was
equal to 39 per cent of the domestic production and that of gold to 48
per cent of the domestic production. In addition to the gold and silver
derived from foreign and domestic ores and bullion 819,067 fine ounces
of gold and 8,526,122 fine ounces of silver were recovered from old
jewelry, dental waste, silverware, and other old material.