Evening Republican, Volume 16, Number 61, Rensselaer, Jasper County, 11 March 1912 — LESS GOLD IS MINED [ARTICLE]

LESS GOLD IS MINED

$96,233,528 Was the Total Output in 1 1911. Sliver Production for Year Is 57,796,117 Ounces, It Is Announced in Preliminary Estimate by 'Director Roberts of the Mint. Washington.—The gold production of the United States during 1911 was was 196,233,528 And the silver production 57,796,117 ounces, according to a preliminary estimate Issued by George E. Roberts, director of the mint. This is a reduction in gold of about >45,000 and in silver of about 660,000 ounces as compared with the returns for 1910. Among the states and territories the principal gold producers were: Cali fornia, with >30,310,987; Colorado, with >19,153,860; Nevada, with >18,968,578; Alaska, with >16,002,976; South Dakota, with >7,430,367; Utah, with >4,769,747; Montana, with >3,169,840; Arizona, with >2,954,790, and Idaho with >1,169,261. In the order named, Utah, Montana, Nevada, Colorado and Idaho led as silver producers. At the average price for the year the total silver product was worth >30,854,500. The net amount of gold and silver used in the industrial arts was ap. proximately >34,000,000 gold and 34,000,000 ounces of silver. The coinage of the mints was: Gold, >56,176,822; silver, >6,457,301; nickel and copper, >3,156,726. Total, >65,790,850. The ner gain In the country’s st-ck of gold coin, including bullion in the treasury during the year was close to $100,000,000. The director’s report gives the final figures for the production of gold In the world In 1910 at The director also makes a preliminary estimate upon the world’s production in 1911 of >466,700,000, or a gain of about >12,000,000. The Transvaal increased its output by about >14,000,000 and other African fields gained >2,000,000.

..On the other hand, Australia showed a continuance of the decline Which has been persistent since 1903, the loss in 1911 being about $4,000,000. The production of North America was about the same as in 1910. These three grand geographic divisions produced nearly $400,000,000 and the gains and losses in other producing countries probably about offset each other. Australasia has fallen from $89,210,100 in 1903 to $62,000,000. Although gold production continues to increase, the Increase was at a diminishing rate and the director expresses the opinion that there is nothing in the present outlook to indicate -a repetition of the phenomenal gains that were made between 1890 and 1899 and between 1901 and 1908. They were the result of the discovery of the cyanide process and of the development of the wonderful Transvaal field. The only country in the world that is showing notable gains at this time is Africa, and the Transvaal field is nearing its maximum. 1