Omaha daily bee., 1909-05-18
PRODUCTION OF COLD CROWS
Worlds Stock Doubles Withir
Quarter of Century.
ELEVEN BILLION NOW ON HAND
Gold Coin Now in United states over
Billion and Half-GoId Used
in Arts and In
duHtries.


WASHINGTON, May IA preliminary
summarization Of a series of tables bear
ing on the production OF gold. prepared by
the b0reau Of statistics. was made public
today. According to the figures presented
the worlds stock of gold has increased
about one-half in the last decade and doub-
led in the last quarter of a century. The
stock of gold money has meantime grown
In even greater proportions, being practi-
cally 10 per cent more than a decade ago.
The tables show the gold production of
the world since the discovery of America
and the amount of gold money in the
world. country by country. The gold pro-
duction from the discovery Of America TO
the present time" is is stated. "aggre-
gated S13, Ooo,OOO.OOO, speaking in round terms,
and the amount of gold now in existence
is estimated by experts, still speaking In
round terms, at 81, OO0.c GO, 900 value. while
the value of the gold coin in all the coun-
tries of the world from which statistics
are available now aggregates 5000. 900, 900.
According to the tables a very rapid in
crease In gold production in recent years is
shown. As the result of this rapid growth"
1t Is stated further, the gold output of the
world mines during the ten years ending
with 1905 aggregated, according to the fig
ures in question, $34O. 900, 900. while the
pI'uutl ol the immediately preceding years
aggregated S2+O, 600, 900, making a tafS4 Of
nearly 5000, OoO,o 600 worth Of metal produced
in the last twenty-five years out Of a total
production of $4,000, 900 1000 since the dis
covery Of America" Meantime. however,
II Is stated, although gold is more care
fully conserved than any other article of
mans production, some portions Of the
SO, 0OO,O 0 1000 have disa ppeared, and the best
estimates put the total worlds supply of
this metal at the present time at about
81 900. 600. OOO. of which one-thlrd is the
product of the last ten years, one-half the
product of the last twenty-five years. and
three-fourths the product of the last sixty
years.
The summary says that considering its
distribution by countries, the United States
has a greater supply of gold money than.
any other country, the figures being ac-
cording to this table: United States. $1,61S,-
OOO, 900; Germany, 81, O44,O OO, 900; France, $685.
10000; Russia, s9l7, 100000; United Kingdom,
&65, 100000 Austria-H Hungary, 1905, OO,oOO;
Italy, $25S. 100000; Australia. $l5s. Cn.OOC:
Egypt, $l4O,OOOyOoO; Argentine, SliC,OOO.Oo
Turkey. 1872, 100000; India, $llS. 900, OOo; Japan,
500, OOo, 900; Canada, $66,OOO,OCO; Brazil, $751;
100000.
Gold Money in United states.
The stock of gold money in the United
States dncluding bullion) has, according to
these figures, increased at about the Same
rate as the worlds supply, the total guam
tity of gold money reported in the United
States a decade ago November. 1s9sJ being
s925, o0o, 900, rs against $l,613,OoO 900 at the
present time, the i~nchease during the de-
cade having thus been about Z per cent,
while the increase In the worlds stock Of
gold money during that time was. as al
ready shown, also about Z per cent.
OF the S13.O 900, 900, 900 worth of gold pro-
duced in the world since the discovery OF
America it is stated that fully o~ue-fourth
came from the mines of the United States.
Gold I'm the, Arts.
Al to what use is being made OF that por-
ton of the worlds gold not utilized as
currency or as a basis for currency, the
abstract quotes d statement from a late re-
port of the director of the mint, in which
he estimates the world consumption of gold
in the arts Of industries in 1907 at $lS5, 900
900.
The table of gold production above re-
ferred to is accompanied by similar state
ments regarding silver production. The Ia
BILE shows that the coming value of silver
produced from the mines of the world since
1892 Is practically equal to that of the gold
produced in that period, 1900 100000. The
annual production of silver continues
slowly and steadily to increase as to guam
tity and coming value, the production in
1907 being 1856, 100000 ounces, against 16O,-
OOO,O OO in 1897, and the coming value In 1907
being $2S9, 5000 0 against $2O7 O 1000 in 1897.
States in commercial values, however, the
figures are materially less, the commercial
value of the silver produced in 1907 being
Sl22, o ,OOO, and that inN 1897 $26,OoO,OOo.