The Philipsburg mail., 1897-05-14
WORLD'S COLD YIELD
The INCREASE Last Year Came From
This Country.
PRODUCT KEPT DOWN LAST YEAR
1t Is Expected That the Increase This
Year Over Last Will Be
$40. 900, 900.
PRODUCT KEPT DOWN LAST YEAR

There can be little doubt that the
yield Of gold for 1897 viii show con-
siderably larger increase than did that
of 1856, says the Mining and Scientific
Press. Last year the bulk of the in
crease of the yield Of over 1895 came
from the United States. There were
many things that tended to keep down
the product last year, such as the
Transvaal raid and subequeut troubles,
the slump in West Australia and the
fire in Cripple Creek. So far i'll 1887
nothing has happened in any part OF
the world to disturb the industry, and
nothing is likely to occur, except it be
trouble between the British and the Boer
governments. Up to5the end of March
the yield Of the Rand was 652, S9S
ounces against 4S9, ITS ounces for the
first three months CT 1896. If this rate
is kept up to the end Of the year, there
will be an increase in the yield of the
Rand alone of over S6, 00O,00 What
ever the disturbance the yield cannot
be less than that OF 1896.
Of all the gold fields of the world the
Rand is the most uncertain in spite OF
the fact that the extent and yalue OF Its
ore bodies are comparatively best
known: and until the question be-
tween the Uitlanders and the Beers,
particularly as to monopoiies, are set
tied, and until is is decided who shal
rule theaRand, the gold yield cannot::9t
. counted on with certainty. Whlls
under present condition it is likely tha
more mines will be closed down, ther,
} are enough large properties being ex
plotted, and upon which large mills
} will be erected within the Next yea
Or two to very largely increase th'
| total yield The Rand mines, Linn
tied, q company organized by the Ex
ploration company of London, con
trolls, through subsidiary COMPARES
nearly 1900 claims being developed. an,
, upon which, up to the end of 1896
? e2, 226, 1O2 had been expended. Upol
} only one mine has a mill been erected
but by March, 1888. there will be droI
ping On their properties 710 stamps ac
= cording to present plans, and event
ually 1900 altogether. While Afric
will not do to conjure with on tn
London stock market, she will still /
heard from for many years as a pre-
ducer of bullion.
In the Australian colonies there
shown healthy increase i'll the return
7 aud everything tend toward still be
I ter reports before the end of the yea
The product of the Eerl1go district fC
the first eleven weeks of 1897 shows a
increase over the corresponding peric
of 1896 of 42OO ounces.
The Russian output can hardly ia
to show some increase. for considerab
more interest is being taken in Il
. gravels of Siberia and the Urals tha
before by the representatives Of fOreie
q capital. and it is predicted that vii
En- the introduction of impoved metho
En- Siberian gold fields will make a wo
n derful showing. AS it is the cruz
n methods Of working the gravel a
X proof Of their richness.
u Into British Columbia large amou
\ of machinery is being shipped. Th
Y says more for the district than the sa
\ of the War Eagle for nearly a milli
b dollars, or the offer of million poun
+ sterling for the LeRoi The increa
+ of the yield OF precious metals in t
Kootenay country has been steady al
n has not been forced by Fictitious met
\ DDS caused by speculation or over Ca
! italization such as has been the case
\ western Australia and Sonth Afrio
In Colorado, at Cripple Creek, the
has been very large increase;
superintendent Of the Denver mint sa
that in January, February and Mar
there was produced in all Colorado
less than 20 per cent more than duri
the corresponding period CT 1896.
N In California there can be little qu
- tion as to the future. Conditions p
- vent much speculation and the amor
of development work being done
x business lines promise contin1
: healthy growth in the output.
. If there shall be no troubles in Afr
. nor European war the world vi
4 Uf gold for 1897 should exceed that
: 1896 by $40, 900, 900 at least.