Show GOLD COLD SUPPLY HAS REACHED ITS LIMIT UMIT I II I. I C. C Hoover as quoted d In the Sun says MY worl worlds world's gold old supply has reached rached Its It limit of ot growth groth that there will wl almost certainly be a positive e decline within a ayer year yer if I decline has hu not already ady sot set In tn In and that tat from now on output will wl fall al steadily for an Indefinite period lie Ho 10 says MS yg Increase In gold production has been enormous but is ts not ous From m present outlook production will wi h have ve rech reached d Its Is maximum within I twelve months and 1912 may show a a positive decrease I There There are ar two main causes cUSe for growth Growth from in 1890 1390 to lo in 1911 for discovery 1911 discovery of cyanide process rever recovery by which 90 DO per c cent nt is I saved ved compared with 60 p per r cent by ty old methods moth moth- ly os and ad discovery of Rand deposits and other great ret lode areas in West Welt Africa Africa Rhodesia RodesIa and interior of Australia Gold mining takes tk two forms lode tode mining which now furnishes the bulk bul of tho the worlds world's supply and placer mining which furnished the bulk hulk up to 1880 Lode I mines are of ot two classes classe those of or continuous continuous con con- deposits as the tito Rand second the moderate sized sie and And small quartz quart mines The former forer furnish 40 0 per cent of present life Ufe 01 production the tha latter batter average erge a which is 18 fifteen years lean cr furnish 45 46 r per fer cent To maintain present output this second class must obtain annually new recruits amounting to one fifteenth ot annual production No Xo such proportion has lias ha dome me forward during past pat years ear and none is 1 indicated Indicted Decrease of ot production has s set t in inmany In Inmany many smaller lode mining districts The Rand produces nearly per annum over third one of the worlds world's gold o but its Is workings are b becoming fairly deep considerable being bein over feet ores are re b becoming poorer anc anG costs of or mining are ar rising This district will not materially Increase its Is output and ad I 1 should not nol bo be surprised pd to see fe on an appreciable d decrease within twelve crese months |