Fergus County argus., 1890-05-08
MONTANA SECOND.
The State Of Colorado Only 0utranks Her in
the Production Of Precious Metals.
The Total Product Of Gold and Silver for 1889
Was S22, ,s94. 900, That Of Colo
RADIO s24, 900. 900.

WASHINGTON, April 2S.-Director OF
the Mint I.eech has submitted to con
gress his report on the production OF
precious metals for the year 1889.
The gold product of the United states
was .5S1 900 fine ounces, valued at
S32. 200. 900, against $:,3, ,OOO, 900 for
the preceding year. Of the gold prod
net $3l ,959,Oi7 was deposited at the
mints fOr coinage and manuIact ure
into bars.
The silver product was approx
mately 5O,OOO,O 900 fine ounces ut n
commercial value OF $40, ,75O,o0O and
"a coinage value OF $64 $40, AGA against
an estimated product for 1888 of 49,
1S3. .632 fine ounces at n commercial
value OF SAB, ,O2O,OOO and coinage
value OF 500. 195, 900, an increase o ger
isss Of 4.26l .36s fine ounces; com
n,erciai value. So, ,13O. 900.
In addition to the silver product Of
our mines about 1000, 900 ounces ol
silver WAS extracted from lead ores
imported into the United States and
smelted in this country and over o.
OtO, 5000 ounces from base silver bars
imported principally from Mexico.
snlelt ers and retineries about 62 900,
600 fine ounces Of silver. O tins
amount the government purchased for
coinage "a. l25, ,:,51 ounces; there were
used in the arts about 5000. 600
ounces; exported to Hong Kong and
the East Indies about 5000, 900
ounces, and shipped to London fOr
sale about 2O,Wh' 900 ounces.
| Colorado still maintains first rank
among The producing states with an
aggregate prod,n't al gold and silver oi
over 81 900, 900. Montana sland-
next with product al So. Sol 600.
California produced ~ ,l3I WD, oi
which Sl3,,Mn,, ,MM, WAS gold, being
about two-iith hs oi the toi al gold prod
net of the United States. Utah shows
"a largely increased product, notably
in silver. Idaho and New McNi,o r-
port AN increased product. and Ari
IONA and Nevada reduced product
4 III ioF's -'it w s't
kOta (SOuth increased from 81. 500.
900 in lSSS to $1,000, 900 IN $50.
Oregon and Washinsto on both report
increased products, the former having
produced 81 ,2UO,OOO in gold. Tn,
states OF the Appalachian range show
"A slightly increased product of gold
over lSsS.
The total value OF gold deposited at
the mints during the calendar year
was S4S. .1O3.O12. OF which So. 500,
2O6 were new deposits and S6 BOB. sGu
redeposits. The total deposits and
purchases OF silver aggregat ed 81, ,291 =
564 standard ounces, coinage valli.
Sl2,231, 80, OF which 36, - y =
81 aud.ifd ounces, coinage value SAL
971 ,265, were deposits. The quantity
OF silver purchased for silver dollar
coinage was % ,l25,351 fine ounces
costing S25.319,JlO. at an averag,
cost of S.93J6 per ounce line. Tn.
amount OF silver offered the treasury
department for sale aggregated ~,
36J, 700 line ounces. The net loss %
gold AMI silver to the United States bS
exces. oi exports over imports of pre-
cious metals was as follows: Gold
SIS, sS6, .J:i; silver. Sli s. $3.50
total, S53,6.5, 5,ilo. The amount o
gold and silver used in the inlustria
arts during the calendar year l>so II
the tnitel States was: Gold. SIG.
6ys 900; silver. coinage value, -,
1864 900; total, S2o. I63.OOO tn,
amount OF domestic bullion used in t Ia
arts was; Gold. S3.6s6, ,S21; silver
coinage value, 81 .2y1 1913; total, Sl6,
Snl .IiO IN. nj nl met n Hi, Il ork a
. the nited States IL estimated to hav'
been on Jan. | $50, as follows: Gold
coin and bullion, $3.50, 215. 5.Oo1; silver
coin and bullion, : i3s, ,3ss ,62i; total
81 l2s 1868, ,63l.