The Bridgeport evening farmer., 1916-12-23
Gold and Silver-World Production, Consumption
 and Stocks of Money

The worlds gold production in the Hast quarter of century equals that lof the preceding four hundred years land the silver output since 161S iequals that of the preceding 400 lyears. The gold money of the world has doubled in the last 20 years and -::the silver money of the world has de- creased one-half in the same period iThese facts are shown in complla- ttion by the Foreign Trade Depart ment of the National City Bank of !New York, suggested by the excep- Itionally high price of silver, of which the United States is now the world s largest producer, and the large inflow of gold of which we have imported lover $500, 100000 since the begin ming of the current year, 1916-
 The total world production of gold from the discovery of America to the tpresent time is, According to this com lpilation, SIG, 800, ,0OO,0 ,0OO in value, and tfhat of silver $15,500000,0oO in coin ling value. The gold money of all lcountries of the world for which sta Itistics were available in 1896 aggre- fxated S4,144,oOO, 900 and on January h, 1916, $8,25S, 100000; silver money iofathe same countries was in 1896 $4%S7 100000, and in 1916 $2,441,- OOIsD00- The uncovered paper" money of the countries in question WAS stated in 1896 at $2,558, 900, 900 lana in 1916 at sS,593,000,o00, all of these above statements being made upon the authority of the Director of ithe United States Mint.
 The production of over $S,000, ,0O0,- sO0O worth of gold in the last quarter Eof a century as against another $8,- {Y, he ihas occurred chiefly within the last fdecade. Down to 1885 the worlds Egold output never reached as much las $1OO, 100000 annually, in 1896 it lcrossed the $20O,OOO,OO0 line, in 1903 !the ;$3O0, 0,0O0,O 900 line, and in 1906 for tthe first time exceeded $4O0, 100000, fand has steadily advanced until it irsached $470,00O,000 in 1915- Silver Eproduction first crossed the $1OO,- fOO0,O00 line in 1880, and in 1893 ex- ceeded for the first time $2O0,O0O,0OO, making it's highest record in 1911
 $2sz, 1000, 900, and slowly declining to $232, 100000 in 1915.
 The chief g0ld-prOducihg countries luf the world are, South Africa, the Naited States, Australia, Russia and EG1nada, and the chief silver-produc- sWE countries, United States, Mexico, T Eproduction of South Africa including sRhodesaa was s2o7,ooo,o0o. the Limited States $101, 1000, ,000, Australia E$5e,0Oo, ,00o, Russia $29,000,000 and lCanada $19,0O0,OO0. Of silver the t1S15 product was United States $39,- tO00, ,O0O, Mexico $21,0O0,O00, Canada
 $15, COG, ,0O0 and Peru $5,0OO.0O0.
 Of the $4,144, ,OO0, 900 of gold money 1 recorded in 1896 the distribution by principal countries was stated as fol- flows: France $77S,0o0,00O, Germany f$6T5, 100000, United States $672,OO0,- 900, United Kingdom $5S4,0o8,0O0, Russia $48e,000,O00, Austria-Hungary E$167 100000, Australia $130,000,000, I1taly $1D0,00O,OOO. For 1916 the stat cd distribution is, United States $2,- k23O, 1000, ,0O0, France $1,S34,O00,00 lRussia $1,059, 100000, Germany k$714,ooo, 900, United Kingdom $6e2,- fOo0,O0 Italy s336.000,0O0, Austria Hungary $296, 100000, Turkey $291,- tO0o,00O Austria $250,000,000, Argen- Etina $229, 9,000, ,OO0, Netherlands $751; ko0O,OOO Canada $17O,000,00o, Spain 167,OO0,O 900 and Japan $143,000. The limited States shows an increase in tthe 1S9S-1916 period of 231.7 per kcent., Russia 116.6 per cent, France L7S.3 per cent. Germany 5.8 per cent.
 and the United Kingdom 13.3 per cent.
 r. The worlds consumption of gold
 and silver in manufactures and the
 arts is large and rapidly increasing. kthat of gold exceeding $10O,000,0 kper annum, and of silver over $50,- 100000 annually. In the United Estates alone the gold used in manu- kfacturing and the arts in 1915 was lover $30,0O0,O00, of which, however, about $8A000,00O was old jewelry iplate,- etc.. making our net consump- ktion for this purpose about $30,000,- lin gold, while that of silver was about k$12, 100000 in va1ue
 The amount of gold imported into fthe United States since the beginning tof the war is in round terms $1,100,- 100000, and the exports in the same |period about $275, ,0O0, making the net imports in that period over $8O0,- [000,0 ,0O0, while the product of our own emines in that same period has ex- fceeded $2OO, 100000, thus making the fadditions to our gold stock since the fbeg1nning of the war approximately lone billion dollars.
 Of the 6,500,000,000 gold produc- led in the world since the discovery of American, $3,S3O,0O0, ,OOO was produc- ed in the United States; of the $15,- 800, 0,000,0O0 of silver $1,8OO, ,00O, 900 was produced in the United States 1.-The amount of gold in the United Estates on December 1, 1916, was $2,- TAI, ,669,0 900 against $1,8S',271,O0O at the beginning of the war, August 1, 1914.