OCR Text |
Show THE GOLD PRODUCT OF 1909. The world's gold production for tho year 1900 amount ed to about $150,000,- ; 000, or about 900 tons. This produc- tion camo from the various gold pro- j ducihg regions subs(antiall3' as fol- lows: TI10 United States $100,000,000 J Africa 175,000.000 -j Australia and Australasia.... 75,000,001) 1 Russia , HO.OOO.OOO J Mexico 20,000,000 British India. ISast Indies, Ja- 1 pan. Korea, and China 20.000.000 . Canada A 10,000.000 - South America 10.000,000 Other countries 10,000.000 , Total ? 150.000.000 Of (ho African production, 150,000.- j 000 came from (he Trausvaal and the ? "i remainder from Rhode.sia, Madagascar, ' and the West Coast of Africa. In the ; East Indies we includq Borneo and all ' of the islands off tho southeast Asian i coast. ' : i This indicates a production approsi- 7 3 matcly of $15,000,000 over the gold pro- f 3 duction of 190S, and if shows that, al- M though in Australia there is a dimiu-ished dimiu-ished production, the United States 'J production is about stead3' and tho Rnnd fcj production (Transvaal in Africa) is do- f cidedly oir tho increase. Taking tho world at large in tho gain of produc- M tion of 1909 over 100S, the gain of the M Rand will account for about one-third. ,1 With t.his enormous production of gold, those who hold (hat tho infla(cd prices aro due in fact not so much to J an actual raise of prices' as to a decrease in the purchasing power of gold, have a good deal of plausibility -on their side. Arid yet. there aro many thing3 against that theory being tho control- 1 ling factor; tho increase in prices iB 13 not universal, but chiefly in tho United States, and not even in all of this conn- J& trv, becauso there has been no great VT rise in-current prices of the necessities J of life in the South, but chiefly in hfl. 1 bus.y, commercial North. Doubtless $ those who maintain that the country is about on the dividing line, whore it is consuming all that it raises in place J of exporting so much, and that this has a good deal to do with the rise in prices, do not. much miss tho mark. The great gold accumulations of the .- world arc thus given in a recent num A ber of the New York Evening Post: j The largest amount of cold hold 1 ono Institution In the world Is .tho ?1.03 000.000 In the nil tod States tr oasi i. & which SS75.O0O.OOO ''-f ocf T as 3 cortincntes In circulation. $lV,nd a '$ reserve against the KoenbabkP. in vf t riri 0 h than OOO.OQO J Treasury surplus. Tho Bank of usr! ,j comes next with 5713.8S0.00O. part sc- curity for S010.000.000 otistandlntT notes. m Third stands the Bank of Knuice. wun 5707.000.000 gold, held largely 'rim. notes; fourth, the Hank of Austria rt"" garv. with S2S5.000.0n0; fifth. t,,0.Ba",5tn M Germany, with SlW.R-Mi.OOO. . and lx". M fthc Dank of England, with $17-.i. J |