The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1897-07-23
GOLD YIELD OF 1897
The Output Will Far Exceed That of
the Previous Year.
A REMARKABLE SHOWING
The United States Shows a Larger In
crease Than Any Other COun-
try In the World.

The reports that have come from the
gold mining districts of the world as
to the amount of the yield for the first
half of 1887 Indicate that the OUTPUT
for the year will far exceed that of
1896. There is not one of the old dis
tricts of Importance that does not
show unusual activity and give prom
ise Of Il larger output. Besides this,
many new districts are adding some
thing to the to'al. The African yield
for 1896 was about the same AS that
for 1895 : but for the first five months
of 1897 the returns show product of
1, 1876. 9O2 ounces. At this rate, with
out any further increase for the rest of
the year, the Rand would yield SO,
900, 600 more in gold than it did last
year. 1t is more than likely. provided
no political troubles arise, that the
figures for the next seven months will
be creator in proportion than those of
the first five fOt many new stamps are
beginning to drop on large properties
in which immense ore bodies have
been developed, and there is promise
Of more increase of crushings from
this source than there Will be de-
crease from closing up of mines that
will not pay a profit under present CON
ditiOns. In the Australian colonies
generally there is an increase in the
output, so tar as heard from. and par
ticularly in Western Australia There
is less speculation and more mining
in all the colonies than there was last
year. Prices Of shares have gone
down, but the gold output has in
creased.
Russia is looked upon as the com
ing gold feld-particularly Russia in
Asia Into Siberia aud along the Can
casus OF late large number Of expert
euced mining engineers from other
gold fields have gone. sent by capital
lists of Russia andy other parts of
Europe interested in gold fields. Tie
crude and expensive methods in vogue
there will soon be improved and the
output of gold Increased, not only
through the oreriing up of new dis
tricts, but also through the working of
lower grades Of grave. There is every
reason to expect an increase in the
Russian output for 1897.
The larger districts in British Co.
lumbia have increase their WELD dur
ing the first months of this year
There are great many mines being
opened up with large capital in On
tario and in the newer districts in
British Columbia. Besides this, re
ports that rival the tales Of early davs
in California come from the Klondyke
placers on the Yukon.
The United States III 1896 made a
larger increase in the yield Of gold
than any other country in the world
and there seems every reason to be-
lieve that the output for 1897 will be
far greater than that for 1896 In Co
dorado the Cripple Creek output has
shown large increase over last year,
and there is also a perceptible increase
in the receipts at the Denver mint
from nearly all the other districts of
that State. Many mills are being
built and a large amount of low grade
ore, which under previous conditions
could not be worked, is now being
crushed. In California there is hardly
one of the old mining counties in
which a number of large new mills
have not been erected. The best evil
dence of the fact that the gold yield of
California is increasing is in this that
the number of stamps falling is largely
increased and very few mines or mills
have been shut down.
Alaska is increasing it's output large
ly along the coast from the quartz
mines, and there will be forty per cent
more stamps dropping in this than
last year.
In Arizona, New Mexico, Nevada,
Montana and Idaho more capital has
been invested within the last eighteen
months than for half decade before.
Altogether, in the old districts-not
only those which have continued their
output, but many which have been
abandoned-and in new districts the
world over, there is greater activity
and evidence Of an increase of yield
than there was last year. 1t is alto
gether too early to predict how much
the increase will be over the output of
1896; but that it will be large there
can be no doubt What is best is the
fact that development work now be-
ing done will insure large yield for
years to come and great activity in the
industry.