The daily morning journal and courier., 1898-10-22
THE PRECIOUS METALS.
Notable Increse in Production of Gold
 in the World

~'NNtpAN iilCItS6 III IOuuCllOu Ol bOIu
 in the World.
 Washington, Oct. 21.-The director of the mint in his report upon the produce ton of the precious metals during the calendar year 1897, just submitted to the secretary of the treasury, says that the value of the gold produced in the United States during the calendar year 1897 was $57 000 The South African republic holds first place, producing gold to the value of $57, ,633, ,861, Auscra- lasia $55,6S4,1S2, and Russia $23, ,245, 7G3. There was notable increase in the production of gold in the world during 1897 over 1896. The United States in- creased a,275,O00, the South African re- publican made the remarkable gain of $lS,S54,l92, Australasia increased SlN,- 5O2,249, and Russia $1 1,7O99iO
 The United States produced during the year 5S,S6O,000 fine ounces of silver, and Mexico 53,905, ,1S0 fine ounces, de- crease for the United States of 4,974,- 500 fine ounces. and an increase for Mexico of S,256,7 756 fine ounces.
 The value of the silver produced in the United States was $S3,G5It72. White many of the most productive silver mines of the past are closed down, the increased production from lead and copper mines has offset this loss.
 Of the states and territories, Colo rado led in the production of both gold and silver, the values in that state be- ing: Gold, S19,104200; silver, $27, ,393. Callfornia's gold production was S14,- 6lS,2O0; Montana's gold production, $4,- 3I3, 4oO; It's silver production, $20, 257 ,4S7. The worlds production of gold was $237 5O4,S0O: of silver 1S3 906, 900 ounces line, of the coming value of S236, 730, 300. The worlds production of silver was largely in excess of any previous year, that of 1885, when the production was l61 ,50O96O ounces, being the next larg- est.
 The total value of gold deposited at the hints and assay offices during the year was sS7,924,232
 The value of silver deposited at the same institution are for returns in fine bars, which were used in the industrial arts or exported was $12,707, ,128
 The United States coinage during the year was: Gold, $76,o23, ,4S5, and silver, SIS 4S7, ,297, of which amount $12,651, 751 was in standard silver dollars coined from the silver purchased under act of July IA, 1890. prior to November 1, 1893, the date of the repeal of the pur- chasing clause of said act
 The worlds coinage during the year, including recoinage was: Gold, S437,- 719,342; silver, $142, ,3SO,5SS, or a total of $580, ,o99, ,93o.
 The highest London price for silver 1925 fine, British standard during the year was 29 1916 pence; the lowest 2S 3-4 pence and the average price 27 9-16 pence. equivalent to s060449 in United States money per ounce fine.
 At the average price of silver for the year, the bullion value of the silver dollar was .467
 The value of the net gold exports for the year was s512 ,6o9 OO0 and the value of the net silver exports for the same period was $26, ,2S7, ,612.
 There was consumed in the industrial arts in the United States during the calendar year 1897 gold to the value of $11,S70, ,231 and silver to the value of s11, ,9O1, ,160.
 The worlds consumption of the pre- cous metals in the industrials arts during the same period was gold S59, OO5,970; silver. $40, ,435, BIT. On January 1, 1896, the metallic stock of the United States consisted of gold, s745, ,249, ,953; <; silver, $633 ,310, ,O64, or a total of $1,3S0, 556,017.