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PART IV.

MONETARY AND INDUSTRIAL CONSUMPTION.

Page.

1. Monetary stocks of gold and silver in the world and in the United
States and deposits of gold and silver at United States mints.. 131-139
World paper currency and gold reserve, 1914-1923..
Silver reserves of Europe and India..

131

Monetary stock of principal countries of the world, end of calendar
year 1921.....

132

133-135

136

Monetary stock of gold and silver in the United States and the amount
per capita, 1873-1922..

Distribution of the monetary stock of gold in the United States, 1873-1921.
Deposits of gold at United States mints and assay offices, 1873–1922.
Deposits of silver at United States mints and assay offices, 1885-1922..
2. Gold content of currency units of principal countries and values of
foreign coins..

137

138

139

139-143

Standard gold currency units of principal countries with the number of
grains of fine gold..

Values of foreign coins, July 1, 1923.

139

Changes in value of foreign coins during 1923..
Methods of computing Chinese and Indian silver exchanges..

140-141

141

Gold and silver coinage of the mints of the world, 1885-1920.
Coinage of nations, 1918-1921.

3. Gold and silver coinage and recoinage of the world and the United States and summary of silver transactions under the Pittman Act.....

142

143-156 143

Recoinage of nations, 1909-1916.

144-146

Coinage of the United States mints, 1867-1922.

Coinage of the mints of the United States and legal authority therefor,
1792-1921..

147-148

149-150

151

152

153

153

Coinage of gold and silver of the United States by weight and value,
1873-1923..

Recoinage of uncurrent silver coin in the United States, 1891-1907..
Mutilated standard silver dollars purchased as bullion for use in the
manufacture of subsidiary silver coin, 1883-1922..

Money in the United States Treasury in banks and in circulation,
January 1 and July 1, 1923....

154-155 156

Summary of silver transactions under the Pittman Act, July 15, 1923... 4. Gold reserve and reserve percentage of Federal reserve banks.. 157-159 Reserves, deposits, note circulation, and gold reserve percentage of Federal reserve banks by weeks, November 27, 1914-August 1, 1923.. 157-159

5. Industrial consumption of gold and silver. World's industrial absorption of gold..

160-162

Silver furnished for use in manufactures and the arts in the United States
and classification of the materials used, 1880-1921...

Gold furnished for use in manufactures and the arts in the United States
and classification of the materials used, 1880-1921.

160

160

161-162

PART V.

PURCHASING POWER OF GOLD AND SILVER.

1. Gold and silver prices in New York and London..
Highest, lowest, and average price of silver in New York per fine ounce,
1874-1922.

163-167

163

Highest, lowest, and average price of bar silver in London, 1833-1922.. 163-164
Average monthly New York and London price of bar silver, 1713-June,
1923.

Average commercial ratio of silver to gold, 1687-1922.

164-165

Average price of an ounce of gold in London and United States equiva-
lent, 1870- 1922.

Bullion value of the silver dollar at the annual average price of silver,
1837-1922.

166

166

167

2. Wholesale price index-Purchasing power of gold in terms of whole-
sale commodities...
Wholesale price index, per cent of price increase or decrease from 1913=
100 and the purchasing power of the 1913 dollar in cents, 1840-1922..
Curves showing the wholesale commodity price index in the United
States based on 1913=100, and the purchasing power of the 1913 dollar
in cents, 1840-1922...

Page.

168

168

169

170

172

3. Purchasing power of silver in terms of wholesale commodities.. 170-172
Price of silver per fine ounce at New York and the wholesale com-
modity purchasing power of an ounce of silver in terms of the pur-
chasing power of the 1913 dollar in cents, 1874–1922..
Revised index numbers of wholesale prices by years, 1890–1922.
Curves showing the price of silver per fine ounce at New York and the
wholesale commodity purchasing power of an ounce of silver in terms
of the purchasing power of the 1913 dollar in cents, 1874-1922...
4. International wholesale price indices for the United States, Eng-
land, France, Japan, and Canada..

International wholesale price indices for the United States, England,
France, Japan, and Canada, 1913-1923..

171

173-175

173-174

Curves showing the wholesale price indices for the United States, Eng-
land, France, Japan, and Canada, January, 1919-June, 1923..

5. General index of foreign exchange and the gold exchange value of
foreign currencies...

175

176-182

Description of the general index of foreign exchange used by Federal
Reserve Board....

General index of foreign exchange by months, November, 1918-July,
1923....

176

176

177

178-182

Curves showing foreign exchange index and the exchange indices for
England, France, Italy, Netherlands, Argentina, and Japan.....
Average exchange rates for the currencies of 18 countries by months,
November, 1918-July, 1923...

GOLD AND SILVER STATISTICS.

PART I.

PRODUCTION.

1. WORLD'S GOLD AND SILVER PRODUCTION.

Production of gold and silver in the world since the discovery of America.1

[From 1493 to 1885 is from a table of averages for certain periods, compiled by Dr. Adolph Soetbeer; for the years since, the production is the annual estimate of the Bureau of the Mint.]

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Revised for the commission Aug. 15, 1923, by the U. S. Bureau of the Mint.
Recent estimate by H. N. Lawrie, Assistant to Commission.

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