The World's Production in 1922
Reporting from London on April 18, Messrs. Samuel Montagu & Ca. state:
Until to-day, the trend of silver prices has been upward, mainly on account of support from China. The Indian bazaars have made some purchases for shipment thia week, and a little bear covering has taken place. Supplies have not been large, and the steadiness of quotations is a good deal owing to that fact. The vitality of the market has caused some surprise, in view of trade and statistical conditions Selling orders came today from the Indian bazaars and a reaction of td. ensued, still leaving a substantial improvement in prices during the week.
A preliminary estimate by the American Gold and Silver Institute gives. the silver production of the world in 1922 (in fine) as fol-
Per cent. of 1922. world produc-a tion in 1922. United States 55,5.0,000 28.7 17,612,000 9.1 Mexico 81,202, 42.1 North America 154,324,000 79.9 Central America 2,000,000 1.0 South America 10,000,000 5.2 Europe 8,000,000 41 Asia 8,860,000 4.6 Australia 9,000,000 4.7 Africa 1,040,000 0.5
193,224,000 100.0
Per cent. of increase (plus) decrease (minus) 1921 from. 1916. United States 29.2 minus Canada 50.8 minus Mexico 63.0 plus North America 7.4 minus Central America 31.5 minus South America 10.1 plus Europe: 20.9 minus... Australia 119.8 plus Asia 62.0 plus Africa 2.2 minus 2.2 minus The silver quotations to-day for cash and forward delivery are respectively 4d. and ¥d. above those fixed a week ago.
Text read from the printed page and cleaned; old type leaves the occasional error.