Daily inter mountain., 1900-01-19
SUPPLY OF GOLD.
ITS AMOUNT AND THE DISPOSE
TION THAT HAS BEEN MADE
OF 1T IN THE PAST
THREE YEARS.

New York, Jan. ia statistical re-
view OF the supply and movement of gold
since the end Of 1885, by M l.. Muhlman
deputy assistant treasurer of the United
States, was given out today. Mr.. Muhl-
man says:
"The recent expectation Of gold to Eu-
rope and the suspension of production in
South Africa has directed attention to
the worlds supply of the yellow metal
and it's distribution. Accurate figures
for the end of 1899 are not yet available,
but those at hand are sufficient to give
/ a comprehensive general view on the
subject. have. taken for comparison
the period from the close of 1896, in which
year the conditions in the United States
were necessarily unsettled. The world 8
production of gold in the three years ID
1897 1898 and 1899 is estimated to have
been between $S25 5,000,0 600 and 1851, ZOO, 900.
The following tables show the location
of important stocks of gold at the dates
named, in millions of dollars:
All European banks of issue, Jan. /,
1897. 1851; Jan. 1, 1898, $1,749; Jan. !,
1899, $,632; Jan. l, 1899, 81, ,593.
Entire stock in the United States Jan.
!, 1897, 1893; Jan. l. 1898, $745; Jan. i, 1899,
$949; Jan. i, 1900, $1,016.
United States treasury reserve, Jan. l,
1897. $137: Jan. l, 1898, $161; Jan. 1, 1899,
$246: Jan. l. 1900, $14O.
In the United States national banks,
Jan. 1, 1897, $1S1; Jan. /, 1898, s2O7; Jan. l.
1899. $2S1: Jan. l, 1900, 1914.
'It will thus be seen that the banks of
Europe had on the first of the present
month very little more gold than at the
beginning of 1887, whereas the United
States gained $323,O00,O0O. We kept our
own product and gained by imports
about $135,0O0.000. The United States
were thus best able to lose gold to Eng
land when the demand arose.
1.-The principal banks of Europe showed
at dates named holdings as follows. in
millions of dollars:
January l, 1S97-England. $171; France,
$3.50; Germany, $133; Austria. $127; Rus
sia, $478; Italy, $88; Spain, $43
january l, 1898-England, 1854; France.
1894; Germany, $149; Austria. $153; Rus
STA. s614: Italy, $50; Spain. SAT.
January 1, 1S99-England, $153; France,
1858; Germany. $141; Austria. $151, Rus
sia, $500; Italy. $50; Spain. $50.
January l, 1900-England, STAG; France.
$376: Germany. 1887; Austria. $162; Rus
sia. $463; Italy, SO; Spain, $68.
"In the redistribution during the three
years Russia shows loss of $151 ZOO. 900,
practically all Of which went into circu-
latiOn in the redemption of bank notes
under the law for resumption Of specie
payments. Spain and Austria gained
materially. while England. France and
Germany lost. The South African war
not only stopped the usual flow of gold
to London. but compelled England to
send large amounts to the Cape.
1--WE are now preparing to estimate
what became Of the worlds product of
nearly $3.50, ,000. 900. The consumption in
arts and manufactures for the world
amounts to upwards of $50. 1000, 900 an
nuaily, so that nearly 5000, ,OOO, 900 were
probably so used. India always draws
more gold from Europe than she returns.
besides keeping her own product. This
and the similar movement to other coun-
tries in the Orient probably accounts for
$150.00o. 900. The United States, as we
have seen. took $322. .000. 900 (keeping their
large product and importing about $135,
100000 more than were exported). and
Ru1sia's adoption Of the gold standard
ACCOUNTS .afor: -$l51. .O00, 900 disappearing
1 from the usual repositories. These items
aggregate $S2f. .00O. 900, and thus prac-
tically accounts for the enormous sum
taken out Of the earth since the end of
1896. England's exports to Cape Colony
probably make up the remainder"