Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-10-21

These figures show an increase of
about $4,000, 900 in gold over the bur
eau's estimate for the calendar year
1905, The United States shows gain
of about s7.000,OO0 and South Africa of
SlS,OOO0OO The director says that both
OF these countries are still upon n ris-
ing scale OF production. Australia, on
the other hand, is an important produce
er, which shows a tendency to reduce
It's contribution, although the falling off
is not large and may be temporary.
Considering developments in well
known fields 1t seems a reasonable fore
cast to expect the worlds output in
1905 to exceed that Of 1904 by s25, OOO,0 600.
with another gain probable I'm 1906.
In view OF current discussion upon
the influence Of the Increasing GOLD
supplies upon commodity prices and
wages, the bureau has been at some
pains to collect data to show the In
fuenoe of higher costs upon the gold
mining industry itself, The director
says.
Assuming that new supplies Of gold
should come upon the markets so much
faster than they can be absorbed In
natural expansion of business that n
new relation is forced between gold
and commodities, of course the cost OF
gold production would rise. The mine
owner would have to give more OF his
product in exchange for the labor and
supplies required TO operate his prop
erty. The effect OF rising cost upon the
production OF gold would depend upon
the marginal rohts OF the industry,
which vary with almost every mine.
an every mining district there are
mines producing at good profits, mines
producing at small profits, mines barely
paying expenses and mines operated at
loss, but with the hope that they
will do better Every Increase IN cost
would submerge the latter more deep
| ly, and add to the list of the unproht-
| able and close some OF them.
The conclusion reached Is that al
| though some Items of mining costs have
! increased the tendency on the whole Is
| still downward improvements In me-
chanical appliances and metallurgcal
! methods have 30 far more than Offset
the influences making for higher costs.
The report says
THE most important gold field in the
world Is that OF the Transvaal, and foT
that the data for working costs and
profits Is quite Incomplete, The out
! put for 1904 was S73 1870. I2s produced
! by "A companies. Their working profits
after paying the 10 per cent tax on
profits to the government, are reported
at S26, 400, 1853. The amount actually d.
yIded In dividends was tl9ll4, 1874 20
only 30 per cent Of the total yield The
cost Of production per ton Of rock han
died was practically the same as In
1895
West Australia produced I'm 1903 S42
6s5, 226 in gold. of which Sc per cent was
by "a reporting companies, and these
| In, IltrIAnnA. 60 QqQ MI
or IS per cent per cent OF their products
In 1904 the total yield Of all Australasia
was $50. 500 325, and the dividends by
limited companies amounted to sl99IS,
GA. These figures for dividends would
be considerably increased Il the net pro
| fits Of privately-operated properties
could be added. The tendency of costs
Is reported as stlll downward
'"rhe gold field OF India Is one OF
small area, with few large proucers
It's Yield in 1904 was s125OO 600 -Four
companies, producing about N0,0oO,oOC
Of this paid dividends amounting "a
about $1,000 900.
TN the United states the conditions
vary widely with districts and mines
| and II Ia difficult 20 give any figures
for costs and profits OF general signi-
flcance.
THE Homestake mine In the Black
Hills has produced $50 O00.O 600 and paid
$50, 900 900 I'm dividends, The Treadwell
mine, great producer OF extremely
! low grade ores, has realized about 40
per cent Of It's product In profits. The
! Cripple Creek district has been estl-
mated By the Engineering and Mining
Journal and the Colorado Springs MIN
! Ing Stock association to have produced
| Sl39 600 900 TO Jan. /, 1905 These figures
include the estimate OF the state bu-
reau Of mines since they became avail
! able In 1897.
THE Mining Investor gives the
amount paid I'm publicly div
idends by incorporated companies as
approximately $4,000 O00 and says this
would be materially increased by the
| profits OF individual operators and
| leasers, In all fields an important per-
centage OF the output has come from
| properties that have not yielded a pro-
| nt, and large expenditures have been
made In prospecting which have never
yielded any returns. a striking demon
stration Of this willingness TO spend
money In hunting for the precious me-
tails Ia shown by the historic Comstock
lode,
"Of Is important companies operated
ON this lode from 1889 to 1902. five were
successful paying dividends aggegat.
Ing tll1.i72 100 with assessments uygre.
eating tlo,Nl5lj0. Tho stockholders "