The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-10-16
GOLD PRODUCTION FOR 1895.
Increases I'm the United State<-Gr0w-
ing Production I'm south Africa.

Washington Letter in New York Journal
OF
lively to a gold production for 1895 not ma
terially below SEQ. OOo, 900, and perhaps in
excess of that amount. The countries ex-
I Psste are to ,b shQ Tn, the g Essssss fr Inores - go ever cs
to $4,000, 600; South Africa, from 5000. $50
TO si6.0 100000: Australia, from Nl. 760. 200 To
FS0,00,OOO. Small increases are also prom
ised In Mexico and other gold~-producing
districts of the world. The figures given
q report by Minister Breckenridge that
there would be a large Increase and the
the e' Conservative "o ones adopted. The contest
will be close between the three leading
countries for the honor of the maximum
able to South Africa. Australia will prob
ably be surpassed by either South Africa
or the United States, and the figures thus
Africa will lead this country. The produc-
ton there has already reached a total in
eight months OF l.5l6.5s3 ounces, which Is
more than the aggregate production OF 1885.
and much more than two-thfrds OF the pro-
duction of 1884, The figures Will be large
without assuming any further Sr { Yer increase bsa e. our ths
history of the past three years is veri-
fed each succeeding month Will show a
gain over the month tn y, wn men , wsns States states
will be in Colorado, which showed a pro-
duction of 81. 49l .514 in 1894. and Is now esti-
1875. The miners of the State claim an
even larger increase, but the ofhciais or
the Mint Bureau are conservative in their
estimates. California will probably IN
crease her productions from SS,5io.Uo 10
SO. 0Oo. 600. and Arizona, Alaska and New
Mexico will show an increase, while Mon
tana and Idaho about hold their own.
The increase in Colorado and California
alone will be sufficient to push the produc-
ton OF the United States from $s,5co,op TO
s45. 900. 900, and the remaining States and
Territories will undoubtedly make up an
other million. Montana and Nevada will.
not show any material increase because or
the scarcity of water for placer mining
There has been some confusion regarding
the production Of Mexico owing 10 the large
amount of gold which has been smuggled
across the border to escape the export duty
which il levied by the Mexican government
Mint Director Preston made special EFFORTS
last wear to verify the places OF origin OF
the gold received at the American refner-
les. and marked up the production or the
country, as a result OF his inquiries, above
the figures claimed by the Mexican govern
ment. II was found that as much as
g., 100000 had been extracted from Mexican
ores in American refneries. In addition 10
3, 100000 imported into the United states In
Mexican bullion.
The comparison adopted by Mint Director
Preston of the worlds production or gold
for several years past, exclusive OF the pro-
duction of South Africa. will become still
more interesting when the largo figures Tor
1895 are included. While the South African
production has steadily grown for nearly
ten years, the product OF otner couniries
of South Africa, increased from S1o3. s. 800 In
1887 TO s115. 764, 361 in 1891 The comparison
for the four years since that time, pased
upon recent estimates for 1895. VIII run as
follows: -.