Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-29
UNCLE SANS WEALTH.
How the Gold aud Silver Mines Have Adaea
TO it During the Past fear-Pro-
duction Largely Increased.

TO n Daring the Past Year-Pro-
duction Largely Increased.
WASHINGTON, April 2S.-Edward U.
Leech, the Director of the Mint, has SUB
mitted to Congress a report on the produc-
tion of the precious metals for the calendar
year 1889, from which the following hgures
are taken:
The gold product of the United States was
I5S7, 900 fine ounces, of the value of S52SooOOO,
against sS3 100000 in the preceding calendar
year. OF the gold product of the U Un1ted states
SSl, ,959, ,1H was deposited at the mints Ior CON-
age and manufacture into bars
The silver product of our mines ior IN tne o csien-
dar year 1889 was approximately oIVVVU0 W. M me ne
ounces, of the commercial value OF gao, IoooOO
and of the coming value of ST., ,o4o 4o4. against
estimated product for the calendar year
1883 of As 7S3 632 fine ounces. OF the COM
mercial value of S43, ,020, 600 and OF the coming
value of $50 l95. 600, an increase over 1898 OF
about 4,2l6 36S fine ounces of the commercial
value of S. 1SA0QO.
In addition 10 the silver product of our own
mines about 100000 ounces of silver were ex,
tracted from lead ores imported INTO tne = nited
States and smeted in this country ana over
5000 900 ounces from base silver bars imported.
principally from Mexico, making the total
product of our mines, smelters ana rennerleS
about g., 600 600 fine ounces OF silver.
OF this amount the Government purchased
for coinage q, 125S57 ounces; there were used
IN the arIs dDOuI ouhSOSs .oio
exported to Hong Kong, Japan ana the East
Indies about 100000 ounces. and there were
shipped to London for sale ABOUT ZO0oO.Vo0-
ounces
Colorado still maintains first rank among pro-
ducing States with an aggregate prouuct OF
gold and silver of over 0O00 Montana
stands next with product of S22.S940OG CALI
fornia produced Sl4, ,0340OO, OF which sl5
were gold, being about two-hfths OF the total
gold product of the United States. Utah, Ore
gon, Washington, South Dakota, Idaho and
New Mexico report increased products, ana
Arizona and Nevada a reduced product for 1852
The total value of the gold deposited at the
mints during the calendar year was S4S9OS,0IS
OF which S42 5g9, o06 were new deposits and s6.-
303, ,S66 re-deposits.
The total deposits and purchases of silver
aggregated Sc 297. 564 standard ounces, of the
coming value of S42 237, 1866 of which 6.0742 2l2
standard ounces, of the coinIng value OF Sil,-
9i7 265, consisted of new deposits.
The quantity of silver purchased for the sill
costing 81. .379.5l0 an average cost OF SO9a56
hundredths per ounce fine. The amount OF Sill
yer offered the Treasury Department for sale
aggregated A., ,965 700 fine ounces.
The net loss of gold and silver to the United
States by excess of exports over imports of the
precious metals was as follows: Gold. $SS,SS6.-
753; silver Sl4 7SS 666; total. $50 675 4l9.
The amount of gold and silver used in the
industrial arts during the calendar year 1889 in
the United States was: Gold, SIG 697, 900: silver
(coining value) SS766 600; total SIS 46S 900. The
amount of domestic bullion used in the arts
was: Gold, S9.6S6.S27; silver (coining value),
S7,297, g33: total, Slo 9Si. .760.
The total metallic stock of the United States
is estimated to have been on January l. lS9O,
as follows: Gold coin and bullion, S6S9, 21o,0O7;
silver coin and bullion S43S. 3SS 624 total, ST.
127, ,663 63l.