The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-07-18
BIC INCREASE IN
SUPPLY Of GOLD
Remarkable Showing Is Made
During the Past Twenty
Five Years.
GOLD STOCKS ARE
GAINING VERY FAST
aTnited States Has Greatest Sup
ply of Gold of All Lead
ing Nations.

The special market letter Of Thomas
Gibson os New York, of June l, con
tains long but decidedly fascinating
account of the production of various
metals during the history of the world.
This account is written by Arthur Sci
wyn-Brown, and il should be a portion
Of each mans library in the country
The following will be Of interest:
According 20 the statistical abstract
published by the U. S. Bureau of Sta
tistics, the world IS stock of gold has
increased about one-half In the last de
cade, and doubled in the last quarter
Of century, The stock Of gold money
proportions, being practically 10 per
:ert moro than 4 decade ago.
The gold production from the dlscov-
cry OF America TO the present time ag-
gregates thirteen billion dollars, speak
ing in round terms; and the amount
Of gold now IL existence is estimated at
eleven billion dollars value; while the
value OF the gold coin IN all the coun
!ries Of the world for which statistics
arc available now aggregates seven bill
lion dollars.
Prior TO tho wear 1900, the world s
gold production averaged about five mil
lion dollars year; from 100 to 100
it averaged about ten million dollars
= year: from 1850 10 1850 it averaged
about twelve million dollars year
With the discovery of gold in she
United States in 1S49, aud little later
IN Australia, tho world S production OF
gold increased tenfold, the annual out
put of gold mines ranging above 100
millions per annum from 1850 70 1890
In 1893 the production passed the 80
million line; in 1894 it was ISL mil
lions: in 1896, POP millions, From that
time forward the growth was still more
rapid, crossing the 800 million limo in
1893, and exceeding 400 millions in
millions in 1908. As a result OF this
-apid growth in production in recent
years, the gold output Of the world s
mines during the ten years ending with
1908 aggregated, according to the
figures in question, 3400 million dollars,
while the product of the immediately
preceding fifteen years aggregated 2400
millions, making a total of nearly six
billion dollars worth of gold produced
in the last twenty-five years, out of i
total production of thirteen billions
since the discovery Of America.
Meantime, although gold is more care.
fully conserved than any other article
OF man S production, some portions of
the thirteen billions have disappeared,
and the best estimates put the total
world IS stocks Of tins metal at the pres
cDt time at eleven billion dollars OF
which one-third is the product of the
last ten years, one-half the product OF
the past twenty-five years, and three
fourths the product of the past sixty
years.
thirds Of the world s gold stocks
exist in the form of gold, OF bullion, for
coming purposes. The total stock of
gold in circulation and in banks
amounts TO a little more than seven
billion dollars, or practically two.thirds
OF the eleven billion dollars worth
Of gold estimated as now existing in the
VIC i'd. Of th:s seven billions Of gold
mo"ej' in the vas 5..s countries, about
three billions ls reported as In circu-
lation, and about four billions as IN
banks and publ,c treasures.
The United 5:Htcs possesses a gree ter
supply Of coinal gold than Any other
Inmates the coined gold in the leading
countries as follows: United States,
1918 million dollars; Germany, l044
millions; France. 926 millions; Russia,
Dl7 millions; United Kingdom, 565
millions; Austria Hungary, 303 mil
lions; italy, 25S millions; Australia,
100 millions; Egypt, 40 millions; AR
gentina, 14o millions; Turkey, 1872 mil
hons; India, lib millions; Japan, GO
millions; Canada, 66 millions; Brazil, 81
millions.
OF the world s stock of money seven
billion dollars is gold, 319 billions sill.
Ten years ago the figures were: Gold
41a billions; silver, billions; paper
I3 billions