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 coin, and continued in 1921 and 1922.
The value of the exports of silver in 1922 was approximately $11,232,000 more than in 1921.
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 actually
yielded on remelting 208,622,056.8 fine ounces. The purchases of silver
from domestic mines in 1922 at the price fixed under the Pitt-man Act
amounted to 62,181,024 fine ounces. The purchases in 1922 by months
were as follows, in fine ounces: January, 2,532,000;
