The report explained that silver Silver Purchase Act obliged the Treasury to "additional acquisitions of about 1,113,000 ounces of silver."
Silver purchases by the Treasury during 1937 were enumerated as follows: 69,900,000 ounces of domes-tie ores, 30,000 ounces from nationalization; and 247,400,000 ounces on ihe open market. The report esti-meted that world production of silver during the year reached 276,000,000 ounces, a record as compared with the previous all-time high of 261,- 900,000 ounces in 1929.
Leading producers of silver in 1937 were the United States, 68,400,- 000 ounces; Mexico, 88,000,000 ounces: Canada, 24,300,000 ounces, and South America, 32,300,000 ounces. Production in other countries totalled 63,000,000 ounces.
Text read from the printed page and cleaned; old type leaves the occasional error.