| OCR Text |
Show Bradstreet's says: The world's production of gold for the year 1896 is estimated by the Directors of the Mint to have been $205,000,000, of which the United States contributed nearly one-quarter. For the year 1897 the probable gold product is estimated at $240,000,000. Increases In-creases are expected from all the orinciDal oroducinjr countries, that 1 II from South Africa being regarded as the most importent in point of quantity and value. The increase from Canada is ranked next, and then comes that expected from the United 0 States. Other countries counted upon as supplying increases are Australia, Russia, Mexico and British India. The Director of the Mint expects that the world's product pro-duct of gold will continue to increse for a number of years to come, that new mines will open in all parts of the world, and that with the improved improv-ed methods for extracting the ores containing the gold the world's gold product by the close of the present century will amount to over $300,000,000 yearly. " |
