Show VAST SUMS OF GOLD MISSING Millions Swallowed Up Each Year Among Primitive Peoples NE NEW lORK ORK Jan Jn 1 ll q VP M- M 1 What becomes of or all the gold pro pro- produced pro produced by bv the mines of oC the world is isa I Isa a 0 frequent Inquiry particularly With the gro 1 1 Importance of sold gold shipments and the Iho question may be answered ered as M follows Coinage among ch nations nation which for tor about one fourth one of the production use 1150 In Industrial arts art waste a 0 five-dollar five gold gold- piece gold II piece ce for example hosing 1 per percent percent percent cent In let weight art after r one years eara use Ule hoarding by b which millions of r dolla dollars dollar era are n l swallowed swallowed aI- aI lowed Joed up annually among primi l primitive tive th 0 peoples and loss as through fire shipwreck k and similar causes L IT QU L lIGHT Gold mining In III this country has h fallen oft oct because the Industry h has found It hard to turn a ft profit at war star post nr prices The price of gold nu has long JonII fled fixed b bi by the government go at 20 67 61 an nn ounce Ti 1 e r In Inse r out out of regard of supple and d emend demind nd m It remains pegged at lit thIs figure S The lh purchasing alue salu alue of ot gold menn meanwhile varies Aries fluctuating fluctuating with Jt h price le levels leel el An ounce or of gold economists com compute PUle pur- pur y pur-y chaes chases perhaps only 60 per tr cent 88 as as much now as before the war Mine costs In consequence could not nat h realized on many man 10 lower or grade lIe I workings and many have Shut thu Ihu down n don n N yet gold the tae over or o er con con- continues eon con to come from the tho earth at nt a ate which in 1923 1933 was as valued bythe bythe by the the director of the mint at 1366 worth north a ear sear Gold bul but bul- lion lIon llon priced at 2 U 00 was 8 wason wason on on deposit last year ear In hi the vaults of of the U S ty a y office In to Wall street J Is as a the most moH Important clearing station In the tho the country for monetary gold an and l gold used In fine arts At thus thil closely guarded cross cross- t io ns from the gold field to the ob bank k kaull soult aull the Incoming Incoming- alloyed gold le II 1 m melted a as much as five fhe Imo In refining rite file Ch to n e set en a as- as asH H a are re made from samples amples the holo halo weighed and pew N checked and rechecked LM LI SAVED Sr Platinum Is a most roost valuable by bv- bv J product rod of or the r refining at the as- as a i ai 1 iy office A As much as no 1600 ounces of C It have been recovered In 12 months all alt velvet elvet for tho the ItO goern tot meat ment and quoted d from to t an ounce worth north from to x Gold in bars bar was as bought last Inot la t sear ur from the essay assay office by American makers of oC fine ort art objects object at lit a monthly monthly average of or 5 55 ac- ac ac ac cording to 10 ono one outside estimate The The director of the mint front from rich uch uch data dala as a he had bud a available cal the gold old used u cd In Industry In the calenda star lar 1923 1023 was 69 6 2 2 of oC 40 was as n new material materia I LOST I I T ORiC OKIE'S T w The rho I Im I'm nt D 1 i t and n Africa Ir I Ire re are held responsible for the disappearance dl poi or of much of or tho worlds gold In- In la iIa I Is called a n great Ireat sink Ink for the metal and In the last lut It I Is estimated to have havo havena J andone na aw ads m away awa aa with at least leat one and one one half halt 1 billion dollars In gold Gold I Is used there thre fn Lt n decoration ornaments and t a and hoard ed eases hoard ed ed by 0 owners n r who ho die In many cases without will out revealing the loca loca Ion of or their ca caches he This II drain rain Is s put at several Cral mullion million dollar dollars an an- an ii China I Is said Id to be en more of ot fit a in sponge pon for tor gold while whilo In Africa the l he gold fold old paid In wages gc to 10 I Kaffir laborers at lit the tho mines goes with Ith to their unit deter e eer er returns It Is h s said 2 oe |