The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1894-01-12
MINrs AND SHELTERS.
Omc,a, statistics of Coiorado's BANNER
Year Of Production.

Year Of Production.
Colorados product Of gold during
1893 reached %, 2s5, OBI, against S.
$50, 02l, as returned by the director Of
tho United States mints for 1892.
This shows gain Of 1873, 760 ounces,
or u, 765, 010, equal to so per cent.
This extraordinary advance was due
primarily to the development Of the
Cripple Creek district, and to the
general resumption Of 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
aide Of Cripple Creek are located in
Lake and Gilpin counties, where work
was resumed in a number Of mines
that were abandoned ten or twenty
years ago, when the rich silver depos-
its Of the state first became promi-
ncnt. Tho 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, 1885 ounces. At an average quo
tation Of 1868 cents per ounce the
states production Of silver in 1892
reached s23, 03s, 573, against $40, 4s4, :
657 for 1893 at an average quotation
Of n cents. This shows direct
money loss Of 90, 553, GIG. 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 1929 per
ounce, is s13, 1853, 40, which, added
to the commodity figure, $40, 4s4, 657,
would credit the state with. s32, SAB, :
1877 for silver during 1893.
The loss of silver in ores from out
side the state, handled during the
year by the Denver shelters, compared
with 1892, foots up 1000, 900 ounces,
thus shov that the silver-lead dis
tricts of aad Idaho were more
severely hur, 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 1888 tons, which
at $72. 30 per ton, the average quota
ton, means sl,GiS, sol. The state s
product in lead in 1892 was 81, 572
tons, valued at sSl per ton, or -, :
9S7, 3l2. Last year the product was
% per cent. smaller. In other words
it was 40, 10 tons, valued at 1898,
al.
Copper, which is largely by-product
Of gold, increased 10 per cent. in this
state last year as compared with 1892,
Colorado reached S,l33, 800 pounds,
which at 10 cents per pound, the av.
cragc valuation, figured up s5l3, 800.
The product in 1892 was 4,666, 45O
pounds, and this, at II cents per
pound, the average quotation for the
year, reached s5l3, 300. The money
value, therefore, is precisely the same
for each year.
Below is given a concise statcme N.
Of the output Of gold, silver, lead and
copper in this state during 1893, com.
pared with the approved figures for
1892.
1892. 1898.
Gold, ounces. 267,53 4Ol, 3O7
Silver, ounces. .2G, 52, 1875 25,304, $50
Lead, TOMS. Gl,572 4G,179
Copper, pounds. 1896, $50 5,l33, 09l
The comparative value Of the above
products is largely Influenced by the
change in quotations. In the table
below for 1893 gold is figured at $50. 81
per ounce, silver at Il cents per ounce,
lead at s72.30 per ton and copper at 10
cents per pound. The 1892 figures
were s2O.G per ounce for gold, SO. 8
cents per ounce for silver, ts1 per ton
for lead and II cents per pound for
copper:
1892. 1899.
Gold ......s 5.530,02l Z 8, 295, OBJ