The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-10-26
wo0L DIS PRECIOUS METALS.
nal. PRODUCTION DURING THE
CALENDAR YEAR 1898.

.5 states Third on the List OF
Ia Producing Countries, and
~, IN Mexico in SiIver-WOrld's
o-..tuction of Gold for the Year
r.,red at S2S7 AIS, GOO-COnsump-
dan of Metals in the Fine Arts.
4 r,s1ington. Oct. 25.-Mr. Roberts, the
tor Of the mint, has made the follow
reaort on the production of gold and
ssr during the calendar year 1888. He
.rba production of gold in the United
..,s. in the calendar year 1888 was S11S,-
. ounces. fine, of the value of S64, $4,000.
ar5e amount of gold produced from
A,rtz mines of 1888 was, in round num-
- $4,000 fine ounces and from placer
,oss $4,000 fine ounces.
The South African Republic produced
.c, OH ounces fine, of the value of $79,-
~q52 Australasia produced S,1S764i
caa If the value OF $64, $50 800. These three
.,,,,,ries are the great gold producers Of
,rs world. their output aggregating 10,
ot7 ounces. fine, of the value of $685.
-5g or rs per cent of the product of
tae world.
..Ievt comes Russia with $25, 463, 400; Can
al, s2.75. 400; India, $7,7Sl 500; Mexico,
q zaoooo and China, S6,O7S,700. These five
.csrarate 90 $50 kilograms, valued at $751;
;aooo or over q per cent of the world,
Laying sir. per cent. to the remainder of
the world
Production of silver.
.Tbe United States sill occupies the
...ord Mace as a silver producer, to
which if was relegated by Mexico in 1897
IN 1875 il produced 81, 4Ss 900 fine ounces Of
silver with a commercial value of $32,-
ffS no against the Mexican production of
ss-gSOO0 fine ounces, with a commercial
,,.Ie of SIS, 475. 400. Together they pro-
dnce 6T per cent of the worlds product
No other country approaches Them, the
nearest being Australasian, Bolivia and
Peru. The product of the last two is
somewhat uncertain, but none of the three
exceed 100000 ounces. fine.
.,rbe amount of silver produced in the
vri-ed states during the year, from quartz
mines was in round numbers, 100000 fine
,nnoes and from lead ores, 31,000000 fine
oYuces. and from copper ores, 100000
fine ounces.
worlds Production.
.'The worlds gold production in 1898 was
r. q9l 1853 ounces fine, of the value of $751;
az zoo. an Increase over the product of
1897 of 2o5i,S51 ounces, valued at S4S,6i6,COO.
Since 1851 when about S106 100000 was
produced each year has shown an in
crease over the preceding year. There is
no reason, says the report, to expect any
cessation of Ihis steady annual increase
for some years to come The Transvaal
has not nearly reached its limit; Australia,
PARTICULARLY West Australia, is not yet
half developed: Alaska and the Yukon
have only fairly begun to produce, while
tae recent steady increases in Colorado ard
other Western states, show no signs of
abatug.
The worlds production of silver in 1895
was 165, 295.572 ounces, fine, showing an in
crease over 1897 of ]. 222, 400 ounces fine.
Consumption of the Metals.
The worlds consumption Of the precious
metals in the arts and manufactures dur
ing the year, was in new gold, 1884 kilo-
grams, of a value of sos 900, 900; and in new
silver, LOS 2S9 kilograms of a coinage
value Of $44 49, 100000 and a commercial
value of $40. 200, Co.,"
The following table shows the production
Of gold and silver in the principal produc-
Ing countries during the year:
NlllN0u oldltSs SOlAls 9Ot,4OO,O SllNSAs liilO
ounces a, 1885, COO; Africa, gold $50, 42S, 600;
Australian, gold, $64. $50, 800; fine ounces, sill
yer l2021, $50.
Canada and Newfoundland. gold, 1885,
70o; fine ounces silver, T. ASP, 1893.
Mexico, gold, $S,50O,OOO; fine ounces sill
Yer 5G.738000.
Russia gold, $25. 1853, 400; fine ounces SD
YER 27S l92.
British India, gold, $7.781, 800.
China, gold, $6,07S,70O.
Germany, gold $79,6OO; fine ounces sill
yer 5,57l Sic.
Bolivia, gold $780, fine ounces sill
Yer S20l,5
Chile gold $40. 700; fine ounces silver,
259l,99
Spain gold, S37, 800; fine ounces silver,
595I965.
British Guinea, gold, $2,04S,7OO
Colombia, gold, $2,26 200; fine ounces
silver 5,4S3,717.