The Bessemer indicator., 1894-01-06
Mlhrs AND sMELTERs.
0Me,Ai sta,lst,o. OF Coioredo's Banner
Year Of fr6duotioh.

CoIorxdo's product Of gold during
1893 reached $s, 295, OBI, against s5,-
$50, ,02l. as returned by the director OF
the United States mints for 1892.
This shows gain Of l33, ,760 ounces,
or %, 765, ,0lO, equal to so per cent.
This extraordinary advance was due
primarily to the development. Of the
Cripple Creek district, and, TO the
general resumption cf gold mining in
all the old districts Of the state and to
the discovery Of many new sources OF
supply. The main items Of gain out
side Of Cripple Creek are located in
Lake and Gilpin counties, where work
was resumed in number of mines
that were abandoned ten or twenty
years ago, when the rich silver dcpos-
its of the state first became promi-
nent. The leading smelters of the
state all show gains in the receipt of
gold ores since the middle Of last
August, when they resumed purchas-
ing.
In 1893 Colorado produced 25,304,
$50 ounces Of silver as compared with
26, 542, 1875 in 1892, showing loss of
/, ,237, 1856 ounces. AT an average quo
tation of 1858 cents per ounce the
states production Of silver in 1892
reached $23, OBS, ,573, against $19, 1884,,
657 for 1893 at an average quotation
Of n cents. This shows direct
money loss of 50, 553,916 The differ
ence between the silver product of the
state for 1893, figured at II cents per
ounce, and the same product figured
at the coinage value Of $1.29 per
ounce, is $13, 1853, 40, which, added
to the commodity figure, *19, 4s4, 657,
would credit the state with. 1872, 643,-
1877 for silver during 1893.
The loss Of silver in ores from out
side the state, handled during the
year by the Denver smelters, compared
with 1892. foots up 1000, 900 ounces,
thus show that the silver-lead dis
tricts of and Idaho were more
severely hurt by the fall in the price
of both metals than were the Colorado
districts. The presence of large
amounts of silver in the gold ores of
Lake City, Rico and Idaho Springs
districts accounts for this difference in
Colorado's favor, as this state contains
many gold mines, such as the Golden
Fleece at Lake City and the Rico
Aspen group at Rico, where the silver
contents range from 200 to 1000
ounces per ton. This is a source Of
supply which is not materially affected
by the silver quotation.
Colorado's loss in lead product dur
ing 1893, as compared with the year
previous, foots up 1893 tons, which
at $72. 80 per ton, the average quota
ton. means 1858, SOL. The states
product in lead in 1892 was 81 ,572
tons, valued at *S1 per ton, or a.
9S7, 342. Last year the product was
25 per cent smaller. In other words
it was 46, 179 tons, valued at $685.
741.
Copper, which is largely by-product
of gold, increased 10 per cent. in this
state last year as compared with 1892.
The 1893 product from ores mined in
Colorado reached 5,133, 300 pounds,
which at 10 cents per pound, the av-
srage valuation, figured up $513, 800.
The product in 1892 was 4,66G, 45O
pounds, and this. at II cents per
pound, the average quotation for the
year, reached $513, ,309. The money
value, therefore, is precisely the same
for each year.
Below is given concise statement
Of the output Of gold, silver, lead and
copper in this state during 1893, COM
pared with the approved figures for
1892:
1892. 1893.
Gold, ounces. 267,53s 4o1, 1907
Silver, ounces. .26, ,542, 1875 25,3O4, $50
Lead, tons. .... 6l,572 46, 179
Copper, pounds. 4,666, 45O ,5,l33. O95
The comparative value Of the above
products is largely influenced by the
change in quotations. In the 10" 1 .
below for 1893 gold is figured -. 80 =, y
per ounce, silver at II ccp.d cnnno, !.
lead at $7230 per tor The 1900 aamr,
cents IS per r. poundtiSs dtSunee for gold, lS. ss'
were szo.67 per for silver, ssl per to
fsnis fer lead pf' a"d III cents per pound f'
copper: 1909 1909
rs $3.50, ,02l 8 1895, 03
Gold .'',{ 23.oas,5 10, 4sl 50
1iiVer' 4,9S7, ,332 1888, "a
Cepr, Copper. $4,000 Sls'a
ro,.,. E.ss4,o ,oce, ,2s5 sal, ,ssl, 70
M. ',"'' "a, is to the state on silver an
,.,a iAe :. 'STals s5,2O2, ,5O7, which is pal
@ ~, Offset by the gain in gold s2, 765,
o1sd, d leaving the net loss for 1903, a
compared with 1892, 80, 437, 497.-
Rocky Mountain Mc,os.
n ~