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Show GOLD OUTPUT OF THE WORLD GIVEN Director of Mint Traces the New Suppl Into Various Uses of Metal, INDIA ABSORBING GOLD EhormOUS Gain Per Annum Made in Production of Precious Metal. Repor of O-orsre V. Robert s, director .' the mint, glvee an extensive review "f lb. production and distribution of gold during th.- twenty-bne ears heftlnning with 190 and ending with 1910 Theso years cover the period Ol what has been c&Iled the ,:nw golden era,'.' beslnnlnjr with the dlooovory of the Transvaal gold fle.!d anrl -f the cyanide process of x-t x-t ractlon Cold production Is shown to mount B toad fly upward, save for the interruption interrup-tion -a-.is-d by the Roer war. from 1113,-000,000 1113,-000,000 In 1880 to 1484,000,000 In 1810. The re iev then un1e-takes to trao these Qi suppliot of gold Into uee, ahowfns the r-st j mated i-onstimptlon In the Industrial Indus-trial arts, absorption by Asia, amounts inken by new and developing countries, and finally many amounts that have entered en-tered Into the hank reserves of the Important Im-portant commercial countries Figures of Production. The twenty-one years are divided Into two periods, the first of ten years, 1890-1899, 1890-1899, end the second of eleven vears, 1900-irin. Production In the first period Is estimated at $1,860,000,000, which is found to have been distributed approximate! approxi-mate! - :is follOWS; Industrial arts . ... ...$."70,000,000 Banks and treasurv of the United States . .' . 260,000,00.) European bank6 BSG.SOO.OOO Banks of Canada, Australasia and South Africa 59. 700,000 Egypt and Asia 195,000,000 $l.77l,riOO,000 Other banks, circulation, private pri-vate ho, dings, etc 188.000. 000 Total fl. 960. 000, 000 During the second period of eleven years, production amounted to 14,037,000,-' 000, and distribution Is estimated to have been substantially as follows Industrial consumption S 98.000,000 Absorption of India 433,000, 000 Absorption of ER.vpt 1 46,noo,nrio Rank of Japan 69,000,000 Convex, funds of Argentina and Brazil . . .......... 343 uOO.OOO Bank of Mexico 28,600, 1 Banks and treasurv of United States 726.800.000 Batiks and treasury' of Canada Cana-da , . 85,700,000 Banks of Australasia and P. Africa . 95 fioo 000 Banks of issue Europe 863.200,000 S3. 748, 800,000 Othr hanks, circulation, etc 288.200.000 Total $4,037,000,000 Consumption of Gold. Industrial consumption about doubled during the period under review and for 1910 la estimated to have totaled $111.-848,500. $111.-848,500. Consumption of leading countries coun-tries for 1910 follows United States. $33.-750.500; $33.-750.500; Great Britain, $18,000,000: France. $16,836,000; Germany, $15,536,000, Switzerland, Switzer-land, $5,670,000, Austria-Hungarv. $5,-760,000; $5,-760,000; Italy 18,000.000; Russia, $4,000,000 and Canada. $1,850,000. Most striking feature of the revfew is the showing of an Increasing absorption Of gold by India That country in Its relations with Europe has always had o favorable trade balance which had to be settled In the precious metals, but until recently the principal medium has been sliver. Of late the trade balances have beau growing larger, as a result of Increases In-creases exports and the higher prices received for them, and while India continues con-tinues to take about the same amount of silver as formerly It Is also taking larsre sums In gold. For the ten-vear period, 1 880-1 899, the net Imports of gold Into India, plus the country's own production, pro-duction, were $135,800,000; for the eleven years. 1900-1910, thev ai?gre(,'afed $433,-800,000; $433,-800,000; for the British fiscal vear ended March 51. 1911. they amounted to $90.-487.000. $90.-487.000. or about bne-rjunrter of the World's production after the Industrial consumption was provided for. 'a:i Street Journal |