| Show W ORLD LD P PRODUCTION DU Tm Of G GOLD 0 L 0 AND r 0 SILVER I L t Director ol of Mint Hoh Report Deport Value alu of f God lInd in III 1101 10 lobe he be TRA TRANSVAAL THE PRODUCER Sill Cf Output Was iI as HJ Vine Hue iii U ul 01 t BuIlt Expected fur lor or p lipS i 5 and gob iod Oct 2 20 Owns Jeorge 12 L Hob erts criB director of or the mint milt has hall prepared I a statement of ot tho the worlds production of gold gola an and l silver It vor for the tha calendar year IDOl 1901 This statement above gold val vo value ue lIel 1 at an nn aggregate gute of ot line tine ounces of 1111 ether er and anal a III a com coul mc value lIlue of or silver totalling S the tM coinage value alue of or which while IB IH It Is ns IIA follows North Gold al Silver I i Silver Sliver I I ono flue t oz z coin viii al Baited States Mexico I i i e t 1 l Commit I 1 3 71 r 21 CO IJ Africa I l 4 jg Y 2101 J I k 2 8 J uro u I II 1033 i 1 lI I i I j 1 I I la 1881 sell Italy Hilly 1771 Span I 6 i ViI 72 I Turkey S 00 m J Ira Trance France nee 1 t tIter Client Iter It it t II Ho Ko I I Ho Amor Amer mor I I Argentina I n 1000 C Chile j caum 6 Columbia I I 1 2 CHI id Venezuela J OW Ur I t h l 1 l d H Ins 1 Dutch Guiana j Ki M Trench French porn Ieru I U I 3 I i J C Of lit i 1 JIO Asia I I Joplin Japan China 1100 CO t urea in 61 J India lint I K Put li Ii 11 1 J 1 IbO These figures show how an nil Increase of about 22 In gold Kohl over the tho bureaus bur Lur aue estimate tor for the calendar colendar year 1903 no The Uhe he United States Slates shows a gain tain of at about and South Africa of The director says saya that both bothof bothof bothof of these countries are lire still upon a n II ils Ing of pro production Australia on the other hand han Is nn all Important producer er cr which shows a u tendency to reduce Its lis contribution although the tailing railing oft off offIs Is 18 not lIot large and may be temporary Considering developments In well welt known II II It stems scents n a reasonable forecast fore rare taut cURt to 10 expect the tho worlds output In 1905 1006 to 10 exceed that of or 1904 1004 by with another gain probable In n 1 1906 1900 06 In view of ot current discussion lon upon the influence of or the Increasing gold supplies upon commo commodity prices and wages ell the bureau has been at lit some gome pains to mn collect data dalu to show th the In of ot higher costs upon the tho gold mining Industry Itself Tho director soya A that new supplies of or gold should como come upon tho the markets bo be nitwit taster faster than they can be bo absorbed In n natural expansion of oC that n n new nets relation Is forced between gold and commodities of course the cost coat of or gold goal production would rise Tho rhe mine owner would have hae to give gle more moro of or his hla product In exchange for the labor anti ami supplies required to operate his prop properlY property property erty erlY The rhe effect of rIsing cost coat upon th production of at gold would depend upon the marginal routs of or the industry which val vary with almost every eyen mine In It every mining district there thore arc are mines mince producing at lit good profits lolita mines mine producing it t small profits mines mIncH bare barely paying expenses and mines operated at lit ata ata litI I a loss but with the hope that they will teat do better Every Ben Increase In cost coat would submerge the latter tItter more deep deeply ly odd udd to the thc list Hut of or the tho unprofitable able lint and close clono some somo of or them than Tho llo conclusion i reached cached Is that nl though some sonto of ot mining costs coats hau Increased the tendency on the tho whole Is h still downward Improvements In me mechanical n n appliances und metallurgical methods hl have vc HO o far more than offset the Influences making for Cor higher costa costs Tho Iho report ellOrt I says Hays Tho rho most must in gold field held In thu tho wor world Is that of the Transvaal and for that the tho data for tor working coats coMs and profits IH IS Incomplete Tim out output output output put for tor 1001 1004 woe was produced b by 7 74 companies Their working profits n titter after payl paying nl the 10 per cent tax on to 10 the government are aie reported at The Tho amount actually C tu II I dl di divided vided In dividends was wan 70 iO only 38 35 per cent cont of the tho total yield The cost of pet per ton tOI of ot rock ruck handled han handled handled waR waa practically th the tha slIme same as In mg Wont Australia produced In 1903 42 In gold Hold of ot which 65 66 per cent woo wall 11 by 24 reporting companies and thuon companies paid In III dividends or 55 63 per cent per cent of or their products In 1904 the Iho total yield of or all ail was wail and the Iho b by limned limited d companies amounted to Tho These o figures for Cor dividends lendH would h be considerably Increased If the net rive pro profits fits fill of ot properties i till bo ho added Th The y of ur costs Is III reported as III still downwind Ild Iho Hold gold old Held field of lit India In is ono one of 01 small 01 men eo with n a tl fw In large rite a i Its yield In 1904 1504 was tens Tour Four 10 companies III 1 n I producing about of ot this thill paid dividends Amounting to 10 U about hou t In Ifs the United Sia States tes th the conditions condition vary widely with districts and anel mines and It Is III to RIo give any figures for fot costs COAt and profits of or R general fl anc Tho The Homestake mine In the Black Hills hula has line produced and paid laid In dividends The Tread vell mine 1 n a groat producer of ot extremely ores ors lea has realized about aboul 40 per pcr cent cint of ltd Its product In profits Thu Tho Cripple Creek district hm hns been beell I esti estimated estimated tl mated b by the I find and Mining Journal and the tha Colorado Springs MinIng Min MinIn Mining In ing Stork Stock association to have produced to Jan 1 1900 These figures Include the estimate of or the state bu renu of ur mines mites since the they became avail available nil able In 1591 Tho The Mining Hiring Investor gives the DIP amount paid In dl Ill div dividends Iden l II by Incorporated companies an as II approximately find says hays this thin would be bo materially Increased by the 11 profits profit roll of or individual operators find and leasers lea In At nil all fields an on Important percentage per lIeI percentage of the output has come coma front from properties tint thaC have not yielded a pro profit profit fit and ant large expenditures have been beon made In prospecting which have hae never neer yielded any returns A striking demon demonstration of ot this thle willingness nese to spend money mOlley In hunting for tor the precious me metals tale Is 18 shown by the historic Comstock lode Of or 25 35 Important operated on fill n Ihl this lode 1011 from t W a In III 1902 n rIp flee were wen Ir a trl paying I Till 11 1 big 1111 77 I 1011 Oft ii It hit II H Slit I Ise III the Tho Ill of nr I the other 23 pall paid In III U und d h In dende A 1 great many other and lull a It grunt ninny litany in Individual lIO tot lure n i muk moult expenditures in that vicinity of lit 1 which no I 1111 mule to tu total to tal tut output In gull gold und and silver nf f the Co com m matOIC to Jun 1 I Is III e to tu have burn been and the tutu total ill dl lends 0 Such of or losses Is duo due to the he rut feet that HI so people In III in In mining are willing t i tr try their luck IlIck II by buying shares represent ventures tures In n rl w where tier rich deposits ItH hive been found In such sue i ia a n locality a II nine mine will partly In expenses lH will Ill past through many r ri ru before It Is III II Dually finned It must millet lie ho us that u n higher scale of or reels CORI will wIil hiring such uch to toan an au e earlier 11 Her I conclusion loll reduce an I 1 miiko moiling mining ventures less |
