People's Pilot, Volume 3, Number 38, Rensselaer, Jasper County, 9 March 1894 — THE GOLD OUTPUT. [ARTICLE]

THE GOLD OUTPUT.

A Large iDereue in the Yield the Put Year. Returns received at the treasury department indicate that the gold output for 1893 will reach the almost unprecedent amount of (37.000,000. an increase over 1892 of $4,000,000. In Colorado, the output has increased from $3,000,000 in 1892 to $5,000,000 in 1893, while the gains on the gold producing sections are unusually large. The Australian production will carry the production of the world, it is thought, to $150,000,000, which is an increase of $12,000,000 for the year. With one or two exceptions this is the largest output ever known. The gold fields of oouth Africa seem to be rapidly taking the place of California, and Australia fields as the bonanza finds of the present decade. Reports from the Witwaterstrandt region alone show a total product for 1893 of 1,478,476 ounces of ore, yielding a product of refined gold of a value in excess of $25,000,000. The production in this region is increasing at an astonishing rate, and South Africa bids fair during the present year to push her wav to the head of the list of gold-producing countries. The figures for 1892 put Australia at the head of the list with a production of $33,870,800; the United States second, at $33,-’ 000,000; Russia third, at $24,806,200, and south Africa fourth, at $23,706,600. The full returns from south Africa for 1893 will probably show a production in excess of $30,000,000, which will force her into third place if the increase continues. She will pass Russia during 1894 and will be beaten in the United States in an aggregate production only by means of a large increase in this country. The same report shows a decrease in the output of silver. The demonetization of silver has created a new “thirst for gold” that has caused a scraping of old mines that were thought to be worthless, and this has contributed largely to the increase in the output The friends of silver may yet see their favorite metal brought to the front by an outcry against the overproduction of gold.