Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-12-23
az TME P1CIFiC COAST.
FROM thu 8. F. Alta Of yc.tsrday.l

OF THE PACHFIC COASI'
From The G. F. Altao ycsterday.l
The production of precious metals
on this coast for the fiscal year ending
June 80, 1870, was rs follows, per
official records: 4. a
Cola bars and bullion depositcda u ao 80 %
Cold bars and bullion exported BY 1900
sea and land ..........''.. iu,eo''oiS 70
Total production. .......... $2S,6I7,S4l 90
This amount of bullion deposited at
mint comprises the fine bars and crude
bullion of domestic production depos
tied there, but does not include 1928,
7sS IS Of foreign coin and bullion de-
posted. The bars exported are those
which are purchased In the market. 1t
will be observed, then, that the domes-
tic gold which reached this market
comes within a fraction Of go, 000, 00O,
and this result embracesthe gold parted
from the Nevada silver lodged for
coinage, as we'll as from the tine bars
prepared for the China market. The
production Of silver was as follows:
Silver deposited at mint (! -. ~. $1Ieas,6ae 70
Silver Sa1s exported ane s1,7s1.cse %
q eo ar sf SsSs eos, 1902 IS TO- 1ayao 81
Total production. 4 sia,4l8, $40 %
The larger proportion OF the silver
Is exported as Washoe bars that Is,
containing more or less gold. II the
fine bars were counted rs WasliOe bars
the whole value exported would be
$ll, 6C0,0 900, and tho production $l3,-
800, 000. In addition to this silver
which comes here, there Is also much
which Is owned here but which goes
East over the railroad from the mines
of Washoe, White Pine, Reese river,
ETC., thus saving some expense In
transportation. Those shipments sup
ply banks here with credits, against
which to draw, just as much as If the
bullion came here first, and those
credits are increasing.
The whole United States production
Of silver In the year 1870 was rs fol-
lows:
Silver deposited at all the mints, $1,S4,s+O 40
Silver exported from the United -~
Statcs.,,,-.. ......,.......... li,'+o'oo4 w
Total productions .*ls,1 Os,sO o IS
Total production In 1860 ......., l6,4I6,S90 ~
Total production in 1868 ........ 13,SSl,fSS 0S
The decline In tile fiscal year 1870
has been caused mostly by the small
production In Nevada, n production
which has considerably increased since
the close Of that year. The Chollar
mine alone has raised $l,0OO,OOO since
June. The Meadow Valley Is adding
largely to the supply but White Pine
makes, really, no Important addition
to the production. 1t appears, from
the above facts, that the production OF
bullion OH this coast In 1870 was as
follows
Silver product. ................ 12'4ls,s29 %
Total production, gold and silver 81, 200, 60 80
This Is the product as respects the
receipts in this city alone, and 1t re-
suited from q season Of light SHOWS
upon the mountains, and, altogether,
n scant supply Of water, that indis-
pensable agent in extracting the metals
from the recesses Of earth and rock.
This year already the conditions OF a
large supply of water are apparent,
and extensive preparations In long
neglected placers and quartz workings
are made to avail Of the mid thus ex-
tended by nature. A large Increase In
the production may, therefore, reason
| ably be looked for. 1t Is the case,
however, that the supply Of quicksilver
Is short, and the price, as q necessary
consequence, has been greatly en-
HANGED; but this hardly enters into the
cost of producing gold, since the waste
Is very trifling. 1t is q matter Of re.
greet, however, that the quicksilver
mines should, at this time, be such
| small producers. The New Almaden
| gives but about loo TASKS per month,
and the Phoenix and 'Reddington are
nearly exhausted The quicksilver
ore. It r. true, Il found IN pockets, re-
quiring constant explorations to keep
up the supply. The last named mine
has had a few such pockets, but ut
| present it is very meagre, and 1t Is UNI
| derstood that the mine Is for sale. 1t
/, quite probable that, through for
tunate explorations, rs heretofore, the
production of the New Almaden may
again increase, SO as to make a full
supply. But It seems to be the case
| with quicksilver that the market cali
not be forced; with a large supply the
metal is not worth working. When,
however, the supply, as now, runs
short of the demand-l,500 TASKS per
montl-the price rises so rs to give All
average. grg ar aag