Mohave County miner and our mineral wealth., 1921-05-13

SUPPLY AND DEMAND AND THE GOLD INDUSTRY
 We taking liberty reproducing leading Mining Congress Journal for May which the issue between the government and the gold producers the country well that there nothing further to be said the
 T the purchased total production of btumnous thirty years had
 stored this coal at convenient point be turned the its cost during the low what chance would the bit producers today produced during present high price level?
 Assuming that annual consumption approximately five hundred million thirty production would amount to fifteen billion tons of coal How coal mines would remain operation with labor cost $235 this torehoue coal was offered at the pre~r price, SLIP ton? It is very plain that the coal mines country would until
 this enormous supply had been practically exhausted
 Suppose the the United States had purchased and held in to the place consumption all of the copper which could be produced during period of thirty and should then that this copper would available public at the before the for that har period approximately 12 cents pound How would operation with production of least IS cents Under those conditions with the active competitor with supply of cheaply produced would not mine the country immediately close and closed until this great competitor had disposed of the stock in hand? '.t s-.
 President Harding found of the greatest the wor that his government cumad such stocks of coal that the industrial requirements of the nation could be supplied period of thirty without the production another either how would applied that doctrine which he has enuncated with such complete all the people of the govern buness?" questions what silly until apply the illustration gold situ ation. I....
 Gold producers told when they ask aid to maintain and sustain healthy gold producing industry that the supply and demand will time bring about the gold qu properly sustain the credits of the world And the
 en has its possession what amounts thirty pduc
 on at the highest which the country and this of gold three billion dollars worth being sold to the weler and other industrial gold at the at which purchased by the government during the low price of the past.
 The gold producers of the nation instead of being able to sell their product market controlled operation of supply and demand forced the competition the
 en the sales of their product industrial The law and demand does not function relates the gold producing dusty first because the of gold fixed by rega on and stocks of gold during period available the of gold for individual This situation which would call for the most bitter protest applied made operative connection with the production of coal other of the indispensable commodities the production of which millions of dollars have been vested and to the production of which have been trained for the of various kinds which required by the industry This condition would be horrible enough applied commodity needed by the only ndus but when
 slider the great necessity the of the maintenance its gold without depicting the upon which neghbors predicate their industrial prosperity condition which fraught with danger.