The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-10-26
COLO AND Sill YER OUTPUT
Nearly Three Hundred Millions
in Gold Produced in 1893.
LARGE INCREASE OVER '97
Report OF the Director of the Mint Says
There Is No Reason to Expect
Cessation of Steady An
nual Increase.

Washington, Oct. 25.-Mr. Roberts,
the director of the mint, has made tha
following report upon the production Of
gold and silver during the calendar
year 1898. He says:
THE production of gold in the Unit
ed States in the calendar year 1898
was 3,11S,39S ounces fine, Of the vaus
of S64, AGE, 600. The amount of gold pro-
duced from quartz mines in 1898 was.
in round numbers, 2,S0o,o0 fine ounces,
and fro mpace' rmines 31S,000 fine
ounces.
The South African republic pro-
duced 3,SS1,915 ounces fine, the value Of
which is s79,313,95a; Australasia pro-
duced 3,131,644 ounces fine. of the value
of 64,S60,S 500. These three countries are
the great producers of the world, their
output aggregating i0,0SS,O17 ounces
fine, of the value of S20S, 1857 ,557, or 73
per cent of the product Of the world.
Next comes Russia with $25,463, 400;
Canada, $1S,775, 400: Mexico. $500, 000
India, s7,TSl, 500, and China, $607S,700.
The five aggregate 1856 Kilograms,
valued at SCI, ,599, 900, or over q per
cent Of the whole, leaving 6 per cent
to the remainder of the world.
THE United States still occupies the
second place as a silver producer, to
which it was relegated by Mexico in
1897. In 1898 it produced 54,43S,000 fine
ounces of silver with a commercial
value Of S32,11S.4OO. against the Mexi
can production of J613S,0 fine ounces
with a commercial value of $33 400.
Together they produced 67 per cent Of
the worlds product. No other coun-
try approaches them, the nearest be-
ing Australasia, Bolivia and Peru. The
product of the last two years is some
what uncertain. but none of the three
exceed 12,000,0 900 ounces fine The
amount OF silver produced in the
United States during the year from
quartz mines was, in round numbers.
13,5000o0 fine ounces, and from lead
ores 81 100000 fine ounces and from
copper ores l0,0000O0 fine ounces.
'"rhe worlds gold production in 1898
was 13,904,363 ounces fine, of the value
OF 2ST,i2S, 600 an increase over the
product OF 1887 of 2,351,S31 ounces. val
ued at $4S,616,600."
'Jfhere is no reason, says the re-
port, Ito expect any cessation of this
ste%dy annual increase for some years
to come. lha Transvaal has not near
ly reached its limit; Australasia, par
ticularly West Australia--iS not yet
half developed; Alaska and the Yukon
have only fairly begun to produce.
while the recent steady increases I'M
Colorado and other western states show
no signs of abating. The worlds pro-
duction of silver in 1888 was 165. .295, ,572
ounces fine, showing an increase nyer
1897 of 1,222.4 400 ounces fine.
The worlds consumption of the
precious metals in the arts and manu-
factures during the year was, in new
gold. 81 9O4 Kilograms, OF the value of
| $65, 900 600; and in new silver, 1065, ,289
| Kilograms of a coinage value of S44,-
| 273, 900 and a commercial value of $20,-
| 200, 900.
The following table shows the pro-
| duction of gold and silver in the prin-
| cipal producing countries of the world
| during the year 1898: ~