Los Angeles herald., 1890-04-29
PRECIOUS METALS.
THE DIRECTOR OF THE MINT'S RE-
PORT FOR 1889.
Silver in the United States, the
Amounts Coined, Etc.

WASHINGTON, April 28.-Director of
the Mint Leech has submitted to Con-
gress report on the production of
precious metals during the year 1889.
The gold product of the United States
was 1857 900 fine ounces, valued at
$32, SOO,0 900, against $33, 900, 900 the pre-
ceding year. OF the gold product $751;
959,O47 was deposited at the mints for
coinage and manufacture into bar. The
silver product was approximately 5O,-
100000 fine ounces, of the commercial
value of $40, 100000 and coinage value
of $64, ,t64, against the estimated
product for 1883 of $45, ,7S3,632 fine
ounces, OF the commercial value of $43.-
100000 and coinage value of $59, ,195, 900,
an increase over 1888 of about a, PIC, 1868
fine ounces, or commercial value of
$3,730,000.
In addition to the silver product of
our mines, the report says about 7,O00,-
OOO ounces OF silver was extracted from
lead ores imported into the United
States and smelted in this country, and
over 5000, 900 ounces from base silver
bars imported principally from Mexico,
-,
smelters and refneries about 62,OOO, 900
fine ounces of silver. OF this amount
the Government purchased for coinage
81, 125, 1857 ounces. There were used in
the arts about 100000 ounces; ex-
ported to Hong Kong, Japan and the
East Indies shout 100000 ounces, and
shipped to London for sale about &c, ,OOO,-
600 ounces.
Colorado still maintains the first rank
among the producing States, with an ag-
gregate product of gold and silver Of
over 100000 Montana stands next,
with product of $22, 1894 900. Califor-
mia produced $14 1884 900 of gold, being
about two-ffths of the total gold pro-
duct OF the United States. Utah shows
largely increased product, notably in
silver. Idaho and New Mexico report
an increased product, and Arizona and
Nevada reduced product for 1889. The
gold product of Dakota (South) in
creased from $4,000, 900 in 1888 to $2,-
100000 in 1889. Oregon and Wash
ington both report increased pro-
ducts, the former having pro-
duced 81 ,200,0 900 in gold. The States of
the Appalachian range show slightly
increased product of gold over '88.
The total value of the gold deposited
during the calendar year was $4S, ,903, ,072,
of which $42, 500, ,206 were new deposits,
and $6,303,866 redeposits. The total
deposits and purchases of silver aggre-
gated SO, 297 ,564 standard ounces, Of the
coinage value of $42, ,237 ,165, of which
36,074, PIP standard ounces, of the coin
age value of $41, ,977 1856, were new de-
posits.
The quantity of silver purchased for
silver-dollar coinage was 27, ,125, 1857 fine
ounces, costing $25, 1879, $40, an average
cost of $.93.56 per ounce fine. The
amount of silver offered the Treasury
Department for sale aggregated AZ $685.
700 fine ounces.
The net loss of gold and silver to the
States by excess of exports over i'm
ports of precious metals was as follows
Gold, $3S, 1856, 1885, silver, 14,7SS, ,666 /;
total, $53,675, ,419.
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 Coinage value),
So, 900; total, $25, ,463, 900.
The amount of domestic bullion used
in the arts was Gold, SO 1886, 1927; silver
Coinage value), $7,297 1888; total, $l6,-
9S4 ,760.
The total metallic stock of the United
States was estimated to have been, Jan
uary /, 1890, as follows: Gold coin and
bullion, $689, ,275,007; silver coin and
bullion, $43S, 1886, ,625 total, $1.127 $685.