THE INTERNATIONAL BALANCE oF PAYMENTS OF THE UNITED STATES, FOR THE CALENDAR YEARS
1922, 1923, 1924, 1925

(r

1922
Total exports of merchandise
 and silver 3930 4280 4731
Tourists 60 100 100

YEARS
1923 1924

Freight 71
Interest receivable 476
{ Securities sold, bonds re-J
 deemed, etc. 294
U. S. Government receipts,
 principal Allied
debts
U. S. currency sent out
Motion-picture royalties

65
BRT

76

R14

435

364

31
50
A010

91
=

23

6
3246

NE

Excess of exports of mei
chandise and silver
Net exports of gold

726

387

10°

19256

5033
100

75
580

551

27

of

Dr.

1922
Total imports of merchandise
 and silver 3204
Tourists 360
[mmigrant remittances and
like payments
Freight
Interest payable
( Securities bought

f.

New loans 637
S. currency sent in
v. S. Government payments 416
5132

Net imports of gold

238

YEARS
1923 1924
3893
500)

3725
600

60)
73
(0)

55
£8
150
14

+A

363

795
50

L

12
294

©
RAY

258

1926
333
660

360
83
16
90

920
62
us
6678

=
T
br]

Ee
4
/

-3
2)
~

Nn
=
-
ud
=
12

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3
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