The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-06-17
JAMES ALLISON"
WHAT BECOMES OF GOLD.

The government has sent a circllar let
ter TO manufacturing jewellers and private
assayers requesting information concern
ing the probable amount OF gold that is
being consumed in the arts. sciences and
manufactures. says the Chicago Chroni-
Gle. This information is asked for every
year in order 10 supply data 70 the direc-
tor Of the mint for the preparation # his
report to the government Of gold and sill
Yer. The present inquiry is additional 10
the annual one. and has foeen made on
account OF the shrfnkage in the visible
supply Of gold bullion. The god coinage
last year was greater than that OF any
previous year in the history Of the couu-
try. reaching in round numbers sos 000, go
This, together with falling of In for
eign bars and the large amount diverted
from the minis Is. It is said the main
reason for the present circular letter. to
ascertain the purposes for which the
metal is being used.
During the preceding fiscal year $780,
000 of domestic gold and $1.700610 OF old
gold jewelry were consumed in the arts
The Indications are that great deal
more IS nov being absorbed. and, that the
total viii De greater than in any former
ing gold at the rate OF 100000 a year in
the arts and manufacture or course.
much OF this comes from old jeyyeiry. but
il is gold nevertheless and instead of
going n the manufacture IS a purchase,
it is taken on account of new articles
This shows that the actual demand for
gold for manufacturing purposes IS larger
than ever before.
Gold THAI goes into jewelry is counted
as being OUT Il the market temporarily
for styles of iewelry change. and this
eventually brings the meta hack into the
market Is I'D gold That which dentists
and gold plarers use IS considered as hav-
ing been permanently absorbed and an
absolute less 70 the gold sapply. Every
year dentists use more and more gold
and. although there are no reliable sta
ustics as 20 this annusI consumption, Il
IS estimated ~ De IN the millions OF
course the commercial demand Tor gold
coins Is not being threatened by a short
age bat the Quantity that Is being IL
ve-tsd 10 uses other than redemption
money seems 10 have made the govern
nect feel Il necessary 70 have the best
o5tainaaIs Information on the subject.
Should the money market become st-in-
gent the inflow o. jewel-y 10 be sold as
bullion would be great as has always
been the case. but Il times continue as
they are the use ~ gnit in tie arts ard
manufactures IS likely 10 be large. Last
year domestic producti0 uof gold was IN
round numbers S-s,tto.. rso-that is. there
VAS So eaoao more Of gold coined than
vas produced bur TIE same conditions
have prevailed in former years. though
noc often What the domestic output XIII
Be this year Is. Of course. an unsolva,i
problem. but Z the present rate % con-
sumption 81 the arts, and IN channels.
other than The minis. Is maintained. the
demand for gold as a commodity IS likely
70 Dc active 81 the year. which. in turn.
VIII stimulate prospecting for ne~ gold
deids. Anyway. the-e is not the slightest
6ansCr. knowing onss assert. that the d.
r1ard for sold manufacturing purposes
wiii interfere materially with the inaow
70 the usnts.