Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-01-03
Variation in Production.

There has been rapid increase in the
gold harvest of the world For hundreds
of years nearly all of the supply came
from Russia and Asia, but in the early
fifties the discoveries in California and
Australia. brought the total from $1,000
QUO to SlSO,OOOOOO year.
In 1856 it fell back to a hundred mil
lion, because of the decay OF placer
mining in those states but the develop
ment in South Africa, Alaska. the Cana
dian-Yukon and Colorado, and the in
vention of the cyanide process. which
enabled miners to recover the value or
low grade ores. gradually brought it up
to the present output. which, the experts
reaches FIVE hundred million a year 1t
is believed that Alaska, Canadian-Yukon
and the Transvaal will be the future
sources of supply. while the output In
Australia is more likely to decline than
to increase. Russia will continue to con-
tribute her share, and 1t will be larger
every year as the developments are ex-
ftended. The. experts predict a yield Of
three hundred millions from the placer
fields i'm the Yukon basin and Seward
peninsula in Alaska. and not less than
hundred million from the dredging Of
| the old placer fields on the Yuba. Ameri-
can and Bear rivers of California.
NO state or territory" says the author
of a pamphlet called Conservation of
Mineral Resources published by the
United States geological survey. com
pares with California to the probable
extent of gold reserve. There is reason
to believe that California can maintain
the production of s15.OOOOD per annum
for the next fifty years. and that then
1t probably will not be exhausted. Ulti-
mately, of course. the gold reserve
perience of. the European. countries in
which gold mining once fourished.
Eventually the gravels will be worked
out, the dredging ground exhausted. the
min m rfcho
work on account of the increased ex-
pense at depth. But this is. looking far
into the future
The total production of gold in the
world Tor the f1ve-year period preceding
the present report amounted to about
81. 10O,OOO.O0O. of which the United States
furnished $4JO,OOO, 900, France 1913, OO0, COO
Germany S2iO.OOO,OOO India $175,OO0OOO
and Great Britain and Austria each. S112-
OD0,OtN.
Production in United States.
The author of the pamphlet above re-
ferred to says: Unless very important
new discoveries are made, 1t is thought
unlikely that the annual production of
gold in the United States will rise much
above $l1O,OOO,O0O, nor is it likely to sink
below $6O,OOO,OUO with a long period of
years."
The following table shows the annual
production in the United States during
recent years:
isot .........-.......... $50. 464. 700
1905 NEUTRALITY-SUSPICIOUS.. ~ :,13 SE,
1907 Observation-Disclosures. 81 ~, 100
1905 ...-.......... ~. $50. 900
According 10 the author Of 'conserva-
ton of Mineral Resources the con
sumption of gold in the United States
for the last thirty-five years has an
proximately equaled the production
In 1906 according to the director OF
the mint. the quantity Of gold used in
the arts, exclusive of gold coin and old
material. had value of about SO 300
OOO. The quantity used has doubled
since 1900. In 1906 gold was coined TO the
amount of about s79.OOO.TOO. The total
gold used for coinage and the arts in the
United States in 1906 has thus value of
1898 100000. or sl4.OOO,O0O more than the
domestic product. The records show that
balance of $10O,OOOOOO was imported
during the same year. so that for 1906
$208, 600 600 would represent the con-
sumption of gold in the United States.
The amount imported in 1907 was, how
ever, unusually large.
THE total stock of gold coins in the
world in 1905 was $s.OJ0.OOO.Ou0 Adding
to this $2.OO0O0O,UU as the probable
amount used in the arts, we have total
of S1OWO,OUOOO. Against this the total
gold production of the world since 1860,
according to the director of the mint, is
1862 900, CHhb.