Metals in 1919
Washington, Feb. 11.
South America and the Far East. absorbed the bulk of the exports of gold and silver from the United States during the year 1919, the: Department of Commerce announced to-day. Japan, China and Argentina received the greatest part of the gold sent out of the country and China and India the major portion of silver exports.
Of the total gold exports in 1919, which amounted to $368,185,248, Japan took $94,114,189, China, including Hongkong,' $79,295,738 and Argentina $56,560,000. The flow of gold to these countries was explained, department officials said, by. shipments of silk and tea from Japan, silk and vegetable oils from China and beef and_ hides from Argentina to the United States heavily over-balancing American exports of manufactured goods.
Silver sent out of the country during 1919, totalled $20,021,051 of which India received $109,180,718 and China, including Hongkong $87.898,718. This demand, officials explained, was due to the extensive use of silver coins as ornaments in India and the silver standard and in China.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.