The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1898-01-08
WHAT MINERS IRE DOING
GOLD PRODUCT OF THE WORLD.
Nearly n Quarter of "A billion Added
During the Past Nenr-untted
states Contributes Nearly One
Fourth of That Amount

The director of the mint, from informa-
ton now at hand, says there Is sub
.tantial evidence that the worlds prod
uct of gold for the calendar year of 1897
will approximate, if not exceed, $24O,-
100000, an increase of nearly 20 per cent
ever 1896 The gold product of the Unit
ed States for 1896 was $53, 100000; for
1897 it will approximate SCI 100000, an
increase of So, 100000. The product of
Africa for 1896 was $44 100000. Returns |
received up to December /, 1897, indicate
that the gold product of that country
for the year will be $5S,000,00O, an in
crease of $l3,600,000. Australasia, for
1896. S45 100000; for 1897 the indications
are that it will not be less than SOL ,000,-
600, an increase of $6,S00000. Mexico,
for 1896, $9,33O,OOO for 1897, estimated
at $lO,OOO0O0, an increase of $l,7OOOOO.
The dominion of Canada. for 1896, 81
100000 estimated for 1897, 81 900,
an increase of $4,7O0OOO. India's product
for 1897 is estimated at 81 100000, an
increase of 81 100000 over 1896. Rus
sias gold product for 1896 was $2l $50,
600; for 1897, estimated to approximate
$4,000 600, an increase of So, 100000. The
indications for the United States are that
Colorado will lead in the production of
gold for 1897, as it is estimated it will
not be less than $2O,OOO,OOO. California
will follow with a product of probably
Sl9,OOO,0OO. With the exception of the
South Appalachian range, it is believed
there will be an increase in every produc-
ing state of the gold product over that of
1896.
Option the lie ROi.
In spite of denials on the part of some
Of the officers of the lie Roi company, it
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 Roi
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 2l
This option was given by Colonel Peytor
and Senator Turner on their recent visit
to London, they having been empowered
to dispose of the property. This gentle
man declined to divulge the price involv
ed in the deal, but admitted that his
10 oil IN bo1 mi ION,
and, as his holdings are known, the pur-
chase price may be figured at $5,OOO,O00
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 one-half mil
lions of dollars, which is a substantial in
crease over the preceding year. The yeai
1897 has shown a great increase i'll 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 strike:
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 thos,
of the Swauk, have produced fine mug
gets, and many new grounds have exhib
tied satisfactory showings. The Klon
dixie excitment has not materially hin
aered the growth of the mining industry
in Washington.
Ore in the Ymir.
Ore has been struck in the third anC
lower tunnel of the Ymir, in British Co
lumbia, owned by the London and Brit
ish Columbia Gold Fields. On Novembe
"a the second tunnel tapped the ledg,
at depth of 200 feet, but the width a
this depth has not been determined. tn,
length of the tunnel is 500 feet and in
tercepts the ledge directly beneath thu
shaft, which is down nearly 200 feet. A
this level the ledge shows width of q
feet, y feet of which is shipping ore
Most of the work has been done alon,
the footwall, and ali of the three tun
nels 90 to prove the continuity of tn
vein In all here is in the neighborhoo,
of 1000 feet of tunneling, drifting an,
shaft work done on the mine. The gen
eral average of the ore is about the SAM
throughout the mine, and is fully up {,
expectations.
Gold i'm Oregon.