Rensselaer Journal, Volume 10, Number 42, Rensselaer, Jasper County, 28 March 1901 — Less Gold from Australia. [ARTICLE]

Less Gold from Australia.

The returns from the Australasian gold fields show a decrease in output of 286,294 ounces in 1900 as compared with 1899. But there is no occasion to go into hysterics from fear of a gold famine. The output was 4,461,105 ounces in 1899. The decrease for the year, therefore, was not much more than 6 per cent. Expressed in terms of dollars the decrease last year was $5,726,000, round figures, and the output last year was the very respectable sum of 183,500,000, or only about $12,000,000 less than the output of all the gold fields in the world in 1883. ./After England finishes the job of wiping out the republics of South Africa the full resumption of mining in the Transvaal will make up last year’s loss in Australia perhaps six times over.