Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1898-01-08
WHAT MINERS ARE DOING
GOLD PRODUCT OF THE WORLD.
Nearly n Quarter of IN Billion Added
During the Past Yenr-United
states Contributes Nearly One
Fourth of That Amount

states Contributes Nearly One
Fourth of That Amount
/ The director of the mint, from informa-
/ ton now at hand, says there Is sub
stantial evidence that the world prod
/ net of GOLD for the calendar year of 1897
/ will approximate, if not exceed, $780,
600 600. an increase of nearly 70 per cent
over 1896. The gold product of the Unit
/ ed States for 1896 was So3,lO0,OO0; for
| 1897 it will approximate SCI ,5O0,00O, an
/ increase of $S,4000,000. The product OF
! Africa for 1896 was $44 100000 Returns
received up to December /, 1877 indicate
that the gold product of that country
for the year will be $5o,OOO,o0o, an IN
crease of $l3,G0000O. Australasia, tor
/ 1896. S45.2O0.0O0; for 1897 the indications
are that it will not be less than sol ,OOO,-
600 an increase of $6.80O,OOO. Mexico,
| for 1896. $S,330000; for 1897, estimated
at SlO.OO0.OOO, an increase OF Sl,IOOOOO,
The dominion of Canada. for 1896, -
/ 100000; estimated for 1897, S7,50OOOO,
. q N1,IO
for 1897 is estimated at $7,5OO,OoO, an
increase of 81 100000 over 1876. Rus
sia's cold product for 1896 was $2l 800
600. for 1897, estimated to approximate
/ $4,000 900, an increase of S3,5O0,OO0. The
indications for the United States are that
/ Colorado will lead in the production of
GOLD for 1897, as it is estimated it will
900 O0l California
will follow with a product OF probably
/ Sl0OGOOOO. With the exception of the
South Appalachian range, it is believed
there will be an increase in every produc-
inc state of the gold product over that of
/ 1896.
Option on the lie ROi.
In spite of deniaIs on the part Of some
of the officers of the lie Roi company, 1t
seems to be a fact that the British Amer
lea Corporation has some sort OF an OPP
ton on the property, either of their own
or indirectly through the London and
Globe Finance Corporation. That this is
true is admitted by men heavily interest
ed in the lie Roi who are in position to
know the facts An officer Of the lie Rol
company whose name can not be given for
publication because he deplores giving
publicity to a mining deal until it IS com
pleted, nevertheless admits that the prop
ertv is under option to the Macintosh
people, and that as the report OF their eX-
pert can not reach England before the
latter part of this week, the option was
recently extended from December 81,
when it originally expired, to January 81.
This option was given by Colonel Peyton
and Senator Turner on their recent visit
to London, they having been empowered
to dispose of the property. This gentle
man declined to diyulge the price involv-
ed in the deal, but admitted that his
share would be close to a half-million,
and, as his holdings are known, the pur-
chase price may be figured at $5,OO0,OOO.
Washington's Record.
Henry Landes, state geologist, says:
From the data at hand it is estimated
/ that the output of the precious metals
in Washington for the year 1897 will
amount to about one and onehalf mil
! lions of dollars, which is substantial in
crease over the preceding year The year
/ 1897 has shown a great increase in the
interest taken in Washington mines, and
prospecting, developing and mining have
/ been carried on with great vigor in ev-
/ cry district. Several new rich strikes
/ have been made, many new properties
+ have been developed into shippers of ore,
and all of the mines have increased their
output Not only have the quartz mines
been pushed but the placers as well show
notable increase. Old diggings, as those
of the Swauk, have produced fine mug
gets, and many new grounds have eXhib
tied satisfactory shOwings. The Klon
dixie eXcitment has not materially him
dered the growth of the mining industry
in Washington.
Gold in Oregon.
Statistics prepared for the annual num-
Der of the Oregonian show that Oregon
will produce this year more gold than the
Klondike yielded during the working
season of l996-97. This statement will
come as a surprise to most persons. The
Oregonian estimates the Klondike pro
duction during the last season at $780,
600, while it estimates that Oregon has
produced during the year over $5,000000.
OF this sum, according to the figures of
that journal, Union county has produced
So, l72,0 900, Baker county 100000 and
Grant county 100000, making the total
for eastern Oregon over $4,OO0,000. South
ern Oregon is credited with the produc-
t. IN of 81 100000
nA