The
remarkable gain in the domestic supply of gold indicated by the great
excess of $530,200,000 in imports over exports in 1916, of $180,000,000
in 1917, and of $21,000,000 in 1918 had come to a halt in the early
part of 1919 but was resumed in 1920, owing to large imports of foreign
bullion and coinv In 1921 the excess of imports over exports reached the enormous sum of $667,356,920.
The
value of the exports of silver in 1921 was approximately $62,000,000
less than in 1920, owing to the large decrease in the shipments of
refined foreign bullion to China, Japan, and India. In 1920 the excess
of exports over imports of silver was $25,556,000, whereas in 1921 the
excess of imports over exports of silver was about $11,667,000.
The
total number of silver dollars remelted under the Pittman Act was
270,232,722, which, if all had been of exact legal weight, would have
contained 209,009,120.9 fine ounces of silver but which
