The San Francisco call., 1898-08-11
YUKON GOLD
 IS MEASURED Leach of the Mint Says Five Millions. THE TALE OF THE NUGGETS UNCLE SAM GETS ALL THE CAN ADIAN OUTPUT. Most of the Klondike Gold Has Been Weighed and Assayed and the
 Results Are Modest
 Ones.
UNCLE SAM GETS ALL THE CAN
 ADIAN OUTPUT.

The measure of the Klondike gold out put has been officially taken with what appears to be d close approximation to the definite total that will be worked out to a decisive figure in the near future.
 F. A. Leach, superintendent of the United States mint in this city estimates the output at about $5,O0OeVO ana glVes facts and considerations to pacK up HIS eS- timste.
 This is an enormous shrinkage from the s15 900 900 and $20, 900 900 that have been promised by all sorts of authorities, ana IL is a big falling off from the newspaper es- inmates of recent weeks based on the tales of returning miners.
 MT. Leach's estimate is the first official one to be made, based on the actual meas urement of gold dust shipped out from the Yukon region.
 Whatever tales and estimates may be given out by Yukon miners and corre- spondents the fact will remain that the gold produced in that icy Fl Dorado will practically all find its way to the United States assay offices and hints, where US amount and origin will be recorded. Whatever tales and newspaper reports follow the arrival of each party or re- turning Klondikers, their gold dust will soon be weighed and accounted for by Uncle Sam. Gold dust and nuggets are raw material which each owner, be 1t a prospector, a commercial company or a bank, promptly turns into drafts or coined eagles and double eagles
 More than nine-tenths of the gold rom the north or elsewhere in this country soon reaches United States hints, which except for the very small consumption in the arts, are the ultimate repositories of all the raw gold and foreign gold coins which reach the United States.
 The facts that the Klondtke district is in Canadian territory and that a consid- erable percentage of the producers ana shippers of gold dust from there are Ca nadians make no difference. The gold brought to British Columbia by Canadi- ans and the gold dust bought by banks in British Columbia practically all comes here, because this is the natural market for 1t. The Canadians do better by mar keting their gold at Seattle or San Fran cisco than they can by paying express charges and exchange. to Montreal
 Last years output of Yukon gold near ly all reached the San Francisco mint. A little went to the United States assay of flee at Helena, Montana, and some went to the Philadelphia mint. Since then United States assay office has been opened at Seattle Nearly all of the gold which has arrived this year has been cashed at Seattle and at San Francisco. TWO thirds of that marketed in San tranclsco has been sold to the Selby Smelttng Com pany, and one-third directly to the mint That bought by Selby's Is at once re the mint receipts include always the Sel- by deposits
 MT Leach stated yesterday that the re- ceipts at the mint here had amounted 10 about $1 750 GOO since the first arrival of Yukon gold a few weeks ago. This m cludes the Selby receipts to date, and is the amount of Yukon gold which has come to San Francisco. He had just re ceiyed a letter from the superintendent of the assay office at Seattle reporting that the receipts there were about the same amount-$1, ,15O 900. This accounts
 T estimate" said Mir. Leach. that be- tween $200 000 and $30a, ,J0O worth of dust either shipped there to be cashed or taken there by returning miners, who want to show 1t as curiosity. l believe that reaches the assay office at Seattle, Sel- by's or the Mint here. good many depositors have come to the Mint Our biggest single deposit was about l20,0Q0. From all the information that l can gath CT from all sources l believe that less than $4,0O0,000 has so far reached this country This does not include canadian royalties or dust kept at Dawson for a circulating medium. Considerable that has reached us has come from the chan nels of trade up mere. l estimate that there is about $1 900 900 more to come from this seasons output. The receipts or which l speak do not include the quartz mines on the coast Last spring l report ed to the dep artment at Washington that the Yukon output would probably be be- tween sS,000,ooN and S5 5,OOo 'ooO o,.
 It was said by other authorities else where that the dust brought out by the North American Trading and Transporta- ton Company was sent East and was not amount might possibly reach $500 900. From this showing 1t would appear that $6. 900 .000 would be a safe and conserva- five estimate of the entire Yukon output, including the American side as we'll as the KIondike.
 It Is interesting to note that the total gold bullion receipts at the Mint In July were the largest in its history. They were $6 143. .44S, or at the rate of nearly STA 900 000 a year. This included foreSn cons from Australia and Japan, and bull lion from all sources.