The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-08-25


Totals. $500 $2l9 600 go S3s l25 900
The world S gold product for 1896 is
estimated 10 have been S205, coo, 900.
In justification of the above estimate of
the increase in the countries mentioned
l may remark that of the United States
Is based upon the deposits at the minis
and assay offices for the first six months
OF the year, which clearly indicate a
largely increased production, and that
the increase for the year will aggregate
81, 600, OOG The gold product of Africa
for 1896 Is estimated TO have been $44,
600, 600. For the first six months of
1897 the output Of the Witwatersrandt
mines, as shown by official returns, was
1888, 43l ounces, an increase of 1873, 92S
ounces, as compared with the first six
months of 1896. There is no doubt that
the rate of production in the Witwaters-
randi mines will be maintained for the
remainder of the year, and their output
Of gold for 1897 will be fully $4,000,
600 greater than that of 1896.
The deposits of gold at the Australian
minis for the first five months of the
year clearly indicate substantial gain
III 1897 over 1896. Upon the basis of
the deposits for the first five months at
the minis the Australian Insurance and
Banking Record for the month of June
estimates that the gold product for 1897
OF the several colonies will aggregate
2, 700, 600 ounces, of the value of S52,-
900, 900. This would be an increase of
50, 100, 600 over the product of 1896.
The gold product of Mexico for 1896
is estimated to have been s., 900, 600.
The information received indicates that
the product for 1897 will approximate
50, 600, 900, an increase of $4,000 900.
The Russian product for 1896 was
S22, 600, 900; for 1897 il is estimated at
S25, 900, an increase of SO, 600, 900.
The gold product of British India for
1896, from official information received,
is estimated at $685., 900. The re.
turns of the mines for the first six
months of 1897 indicate an increased
production over 1896 of 81, 200, 600
From the data above given il is safe
70 estimate that the seven countries
above named will show an increase in
their gold output for 1897 over 1896 of
s3S, 700, 600, and that the worlds prod.
uct for 1897 can therefore be estimated
at not less than $40. 600, 900 There is
no doubt that the worlds product of
gold Will continue TO increase for a
number Of years to come, as new mines
will be opened up in all parts of the
world, and, with improved appliances
for mining and methods of extracting
the gold contained in the ores, believe |
that by the close of the present century
the worlds gold product will closely |
approximate if not exceed $500, 600, 600 |
Now as to the influence of such ad. |
dition to the worlds gold. The inhu |
ence IL will exert depends mainly on |
how many years the Klondike district |
shall continue producer and how large |
its annual increment to the worlds ex. |
listing stock Of gold shall be. There is |
every reason 60 believe that Alaska and I
the adjacent British territory are pos.
sibly as rich in gold as was California |
or Australia when first discovered. | |
have estimated that the Klondike dis
trict will in 1897 produce SO. 600, 600 |
worth of gold. 1t will add to this prod |
uct from year to year. probably, for
minimum OF one or two decades And
whether the gold comes from American
or British territory is a matter of in
difference, except to the owners and to
some exent to the countries producing
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