South Am. States................      41,200,000   85,600,000    3,800,000
   13,400,000   13,400,000 1,452,300,000.........  ...."......... .........
Spain ..............................  18,700,000   72,100,000...............
173,700,000  173,700,000  125,100,000     3.85      9.29     6.69     19.89
Sweden..........................       5,200,000   20,200,000...............
 7,60-0,000    7,600,000   29,300,000     3.89      1.46      5.63    10.98
Switzerland......................      3,300,000   29,600,000 ..............
10,700,000    10,700,000   23,000,000     SY.97     3.24      6.97    19.18
Turkey    .........................24,000,000      50,000,000   30,000,000
   10,000,000   40,000,000]...............[ 2.08      1.67...........   
3.75
Cent. Am. States................       4,100,000l   2,000,000    5,600,000...............
  5,600,000   53,400,000       .49     1.36    '13.02    14.87
China..........................      330,100,000..  ....       -30.000,000..............350,000,000...................
       .1.08...........      1.06

     Total .......................$1,   ,500,000$5,987,100,000$2,123,300,000
$1,007,100,000$3,130,400,000$3,392,5002000    $4.61     $2.41     $2.61 
   $9.63

  Note--The value of the monetary stock of silver standard countries has
been changed            to conform    to the decline in silver values. The
  monetary stock of Mexico and other countries where the Mexican dollar circulates
is given in Mexican dollars at bullion value.



                              WORLD'S PRODUCTION          OF GOLD AND SILVER
FOR THE CALENDAR YEAR, 1904.


Countries.


United States.
Mexico   ................
Canada    ...............
Africa   ................
Australasia...........
Russia   ................
Austria-Hungary ....
Germany     .............
Italy  ..................
Spain   .................
Greece   ................
Turkey    ...............
France    ...............
Great Britain    .......
Argentina.............
1Bolivia  ...............


Gold.


Oz., fine.
   3,89ý2,480
     609,781
     793,350
   4,156,084
   4,245,744
   1,199,857
     102,423
     3,130
     2,128

.... ,..........
       1,400

       4,952
       446
       147


  Value.
$80,464,700
12,605,300
16,400,000
85,913,900
87,767,300
24,803,200
  2,117,300
     64,700
     44,000

     29,000

     102,400
     9,200
     3,000


Silver.


Oz., fine.
67,682.800
60,808,978
  3,718,668
    486,408
 14,588,892
    172,912
  1,987,797
  5,799,133
    757,777
  4,876,076
    895,172
    564,685
    699,638
    174,517
    66,153
  6,083,335


Com. Val.
$33,456,000
  35,269,200
  21,156,800
     282,100
   8,444,200
     100,300
   1,152,900
   3,363,500
     439,500
   2,828,100
     519,200
     327,500
     353,6M0
     101,200
     38,400
   3,528,300


      Countries.



Chile  .................
Colombia..........
Ecuador    .............
Brazil  ................
Venezuela.........
British  Guiana.
French   Guiana .....
Peru   .................
Central America     ...
Japan,  ................
China   ................
Korea   ................
India.............
British East Indies.

     Total.........


Gold.


Silver.


012
ns

z9
0~
11l


Oz., fine.
    30.812
    95,513
    6,430
    99,854
    14,512
    77,828
    86,532
    64,300
    54,214
    199,726
    217,688
    145.125
    556,097
    67,375

 16,780,913


   Value.
   $636,900
   1,974,400
   138,900
   2,043,500
   300,000
   1,608,800
   1,788,800
   1,329,200
   1,120,700
   3,984,000
   4,500,000
   3,000,000
   11,495,500
   1,392,800

$346,892,200


Oz., fine.
    868.067
    946,066




  3,008,705
    655,357
  3,208,620




  16s ,390,238


Com. Val.
    $503,500
    548,700




    1,745,100
    380,100
    1,861,000




 $g7,666,300