Democratic Sentinel, Volume 18, Number 7, Rensselaer, Jasper County, 2 March 1894 — GREAT OUTPUT OF GOLD. [ARTICLE]

GREAT OUTPUT OF GOLD.

Over 8160.000.000 Worth of the Yellow Metal Mined in 1893. Returns received at the Treasury Department indicate that the gold output so-1893 will reach the almost unprecedented t mount of $37,209.0 0, tin increase over 1892 of 84,000,000. In Colorado the output hasincreassd from s■'’,o )0,000, in 1892, to 15,000,' 03 in 1893, while the gains in other gold-producrng sections are unu-ually largo. The Austral’an producti >n will carry the production of the world, it is thought, to $150,( 09,000. which is n gain of $12,000,030 for the yea •. With one or tw> exceptions this is th i largest output ever known. The gold fief .s of South Africa teem to be rapidly taking the place of the California and Australian field; as the b nanza finds of the pre • ent d< cade.

Report from the Witwetersrandt region atone show a total product for 1893 of i,47c,47(i ounce- of o e. yielding a product of refined gold of a vah e in excess of 90- .0 >,i. The p oauction in this region is increasing at an astoni hing rate and South Africa bids fair during the present year to push her way to the head of the list of gold-pro-ducing couut: ies. The figures for 1892 put Austra ia at the head of the list with a production of $35,870,8011, the I’ni'.ed States second at $33,030,CC0, Russia third at $24,806,200. and Africa fourth at $23,7< 6,600. The full returns from South Africa for D 9! will probably show a production in excess of SSO, GOO,< be, which will force her into third place, and if the increase continues she will pass Russia during 1894, and will .be beaten by the United Sta’es in aggregate production only by means of a large increase in this country. The production of silver, according to the reports leceivedat the mint, has fallen off during the last year and will not exceed $175,1 00,000 in coining value for 1893. As the coining value is now more than twice the market value the actual mercantile value of the silver mined will drop below $90,000,000, the smallest figure for many years.