The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-04-29
THE PRECIOUS METALS
Last Years Productions Of Gold and Silver
Show Good Gains Over 1888.
Colorado Still Heads the List
with Montana Close Sec
ond-The Status OF Other
States.

WASHINGTON, April S.-Director OF the
Mint Leech has submitted to congress the
report on the production of precious met
ais for the year 1889. The gold product
of the United States was I ,5S7 600 fine
ounces. OF the valGi Of ss2, ,O0O,O0O, against
$50 100000 the preceding year. OF the
gold product, $31, 1856, ,O47 was deposited at
mints for coinage and manufacture into
bars. The silver product was approxi-
mately $1,000. 600 fine ounces, commercial
value GAG, $50, 600, and coinage value Of
S64, ,646, AGA, against the estimated product
for 1888 OF As, ,7S3,632 fine ounces, COM
mercial value A3,020,00O and coin
aSer aSe ysse isss q sis nSs az iserfnse iine
ounces, commercial value 81, 10000. In
addition to the silver product of our
mines, about seven million ounces OF sill
yer extracted from lead ores imported
into the United States and smelted i'm this
country, and over 5,0OO,0O ounces from
base silver bars imported principally
from Mexico, making the total product OF
our mines, smelters and reflneries about
sixty-two million fine ounces OF silver. Of
this amount the government purchased
for coinage 21,125.S' ounces; there were
used in the arts about six million ounces; I;
East Indias about nine million ounces,
and shipped to London for sale about
twenty million ounces.C Colorado maintains
the first rank among produc-
ing states with an aggregate pro-
duct OF gold and silver OF s2i,-
100000: Montana stands next with pro,
duct OF 81, ,s94 900, California produced
S1i, ,O34 900, of which sl3,00O,000 was gold.
being about two-iifths of the total gold
product Of the United States. Utah shows
q largely increased product, notably in
silver. Idaho and New Mexico report an
increased product, and Arizona and Ne
vada reduced product for 1889. The gold
product of Dakota (South) increased from
T.. .6OO,ODO In 1888 to S2,9O0.Oo0 i'm 1889.
Oregon and Washington both report in
creased products, the former having pro.
duced 81 10000 i'm gold. The states OF the
Appalachian range show slightly in
creased product OF gold over 1888. The
total value of gold deposited I'm the mints
during the calendar year was Sas,903,0i2,
of which S2, So, ,206 were new deposits,
and 81, ,:sO3. .s60 redcposits. The total de-
posits and purchase of silver aggregated
81, 297 ,564 standard ounces of a coming
value of Si2, ,231, ,l65 of which 1854, ,2l2
were standard ounces of a coming value
of S41 ,971, ,255 deposits. The quantity of
silver purchased for silver dollar coinage
%, ,125, ,351 fine ounces costing S25,2I9,5lO,
average cost of 1856 per ounce fine. The
amount of silver offered to the treasury
department for sale aggregated Al, ,966, zoo
fine ounces; net loss OF gold and silver TO
the United States by excess exports over
imports of precious metals was as follows
Gold. S3s, 1886. 153; silver. s14, 1ss, ,6G6; total
S53,675, ,419. The amount of gold and
silver used i'm the industrial arts during
the calendar year 1889, in the United
States was: Gold, S16,797 600; silver
"coining value" $500, 600; total s25. .463,'
600. The amount of domestic bullion
used i'm arts was: Gold, S9,6s6, ,S12; silver
"coining value" s7,297, ,9s,; total si6,9si.'
760. The total metallic stock of til.
United States is estimated to have been
January 1, 1880. as follows: Gold coin
and bullion S6s9, ,215. .0O1, silver coin and
bullion $40, ,;sss ,62i, total 81, ,121 ,663,63l.