The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1894-06-30
THE Worlds Production OF Gold and
silver.

AThe Worlds Production OF Gold and
a silver.
Mr.. r. e. Preston director of the
United States Mint in report on the
Worlds production of gold and silver
says:
According to the corrected figures,
the production of the precious metals
in the world in 1892, was: Gold 22O,-
1873 kilos., of the value of $146, 297,- :
600, and silver 4,745,679 kilos., of
the commercial value of $133, Az, 300
and the coinage value of $197, $780,
500; showing an increase over 1891 on
gold output of %, ,547 kilos. or 1885,
953 fine ounces, of the value of $15,-
$4,000, and an increase in the silver
output of 487, 1888 kilos., or $685. :
100 fine ounces, of the commercial
value of $13, ,721 900 and the coinage
value of $2O,274,6OO.
The worlds production of gold in
1898 was 234, ,OO6 kilos., or z ,523, 1862
or. fine, of the value of $155, ,521, 700,
against 22O, 1873 kilos., or 7,O77, 146
OF. fine, of the value of $146, 297 600
in 1892; an increase in weight of 49,,
873 kilos., or 446. .216 fine ounces, of
the value of $9, 224, 100, in 1898.
The worlds output of silver in 1893
was approximately 5,OO2, ,294 kilos.,
or 16O, 794, 100 fine OF. of the CONNER
Ecial value of $125, 419, 400 and the
coming value of $2O7, 895, 400, as
compared with silver product i'll 1892
of 4,745, ,679 kilos.. or 52,545, 800
OF fine, of the commercial value of
$133, AT, 800 and the coming value of
$197, ,23O, 500; an increase in 1898 of
1866 kilos. or $685. 600 or fine
of the commercial value of $6, 433, 900
and the coming value of $40, ,654, 900.
Russia is the only gold producing
country of any Importance from which
no returns have been received for
1898.
The United States, in 1898, shared
to the extent of 90 IL per cent. in the
total gold production of the world.
The worlds output of gold in 1898
was the largest in history, amounting,
as it did, to 234,OO6 kilos., of the
value, in round numbers, of $155,-
$4,000. The higest previous yield
of gold was in the period 1856-186O,
when the production reached an aver
age weight per annum, according to
DR.. Soetbeer, of 201, 75O kilos, fine,
and an average yearly value of $133,-
$4,000. The output of gold, there
More, in 1898 was 1908 per cent.
greater than the annual average of
the priod of the greatest productive
ness of the California and Australian
gold mines.
A still more noticeable fact, and one
which will be matter of surprise to
the world of finance, as attention is
now for the first time called to it, is
that the value of the gold product OF
the world in 1898 was only 8.77 per
cent. less than the average aggregate
value of the gold and silver product
of the world in 1876. DIR. Soet-
beer estimates the average JoGal
output of gold and silver in the world
in 1876 at $17O,473,3S3. The
value of the worlds product of gold
in 1893 alone was, in round numbers
as remarked above, $155, 522, 900, OF
difference of $14, 951 400 In other
words, the value of the yield of the
gold mines in 1898 was only $14, 951,
400 less than the value of the average
yield of both the gold and silver mines
of the world in 1861-65.
The great PROBABILITY is that the
value of the worlds output of gold IN
1894 will equal that of both metals II
the years 1861-1865, and in 1895 OF
1896 that of the years Immediately
! preceding the beginning of the de-