Show omy Outlook for Gold By Ira C. C Tichenor Indications arc that congress has devoted so much time on 7 e other rr work vork all Possibly important that there is little of the passage at this session of the bill providing for the n II of an excise tax o of 10 io an ounce on gold Rold going into the manufactures for tor the tho purpose of ot creating a a. fund Cund out of which h ot of gold might be paid a a. bonus or of of 10 an ounce for tor new new gold d. d certain that the production of gold sold In the United States this year far ir short of ot that of 1919 which was vas the low lowest st In the thern history of ot the SV Very ry few tew strictly gold mining properties now are being worked S prospects are arc that a k considerable percentage of ot these will doze close down oMe me method is adopted whereby the tha producers are able to receive for tor their Investments 11 existing commodities gold is the the- only one which did not ot pa participate ance In prices Although h of labor and material tal advanced and nd bounds doubling and trebling In price prica In some me Instances the theis is s been receiving the old price of ot 2067 2061 for Cor hi his gold w while lle Jewelers bute the advance In tho the price of ot their wares to the increased cost and and material do not pay any more for their gold gOI- than than they did advent of ot the pr prevailing era of ot high prices III USh the United States possesses the largest gold s stock ock of any 4 the history of ot the world it ft It I Is reasonable t to to expect that such a a. aI l I 7 wilt not always exist and that the time will come come when the ent nt will wit regret not having taken action far enough in advance to shortage of ot the metal which which forms forms the basis basil of Its financial 1 adoption of the excise plan for gold old coming Into arts and industry ace the burden only on those who can afford it At the same time Ie i result in the Increase in the production IOn of f the precious metal ii only reviving the gold mining iping In ln offsetting g orts i of gold especially to South American countries which which- are p i trade balances balanc s of considerable Ic proportions against the United |