Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-10-26
Production OF GOLD AND SILVER
Report Of Director of the Mint-Ihe
Worlds Consumption.

WASHINGTON, october 25.-Mr. Ro-
berts. the director of the mint, has made
the following report upon the production
OF gold and silver during the year 1898.
Hq says:
"The production Of gold in the United
States I'm the calendar year 1898 was 3'llS,-
39S ounces, fine. Of the value Of S64, 5000
"The amount Of gold produced from
quartz mines in 1898 was, in round num-
beers. 2.So0 eco fine ounces, and from placer
mines. 3ls.000 fine ounces.
"The South African republic produced
1881 go ounces. fine, Of the value Of Sl9,-
2l3.g53; Australia produced 3,6i0,l@ ounces
fine Of the value Of S64sJ0.sO. These three
countries are the great gOld-prOducers OF
the world. their output aggregatng 10
C8SCl7 ounces. fine Of the value Of $685.
587, 753 or a per cent. Of the product Of
the world.
Next comes Russia. with S25 463, 400;
Canada. with Sl3775. 900: Indian. with So
1880: Mexico, with $Sj0O,O00, and China.
with S6O78.700. These five aggregate 81 $50
Kilograms. valued at So 59g 600. or over q
per cent Of the whole leaving per cent.
TO the remainder of the world.
SILVER.
"Tho United States still occupies the Sc
cond place as a silver producer. 20 which
fl was relegated by Mexico i'm 1891 In 1858
IN produced a $4,000 fine ounces Of silver,
with "a commercial value Of $32,llSi00
against a Mexican production Of 55,73S'0O
fine ounces. with a commercial value or
So. ~. 400. Together, they produce 81 per
cent. of the worlds product. No other
country approaches either of them, the
nearest being Australia. Bolivia. and
Peru. The product of the last two Is
somewhat uncertain. but none of the
three exceeds 100000 ounces fine The
amount OF silver produced I'm the United
States during the year from quartz mines
was. in round numbers, 10000 Inc
ounces: from lead ores 100000 fine
ounces. and from copper ores 100000 fine
ounces.
"The worlds gold production i'm 1893 was
IL q0i363 ounces fine, Of the value OF
s2S7. 42S 600. an increase over the product
Of 1897 of 2.351.S3l ounces, valued at so
6lG6C0. $4,000, oo, $1,000.
since 1857. when about $l06oOO00O was
produced. each year has shown an IN
crease over the preceding year.
",Vbere is no reason" says the report
"to expect any cessation OF TINS steduy
annual increase for some years to come.
THE Transvaal has not nearly reached
lis limit. Australia, particularly Wes'
Australia. is not yet half developed
Alaska and the Yukon have only tair.y
/ begun 10 produce. while the recent sled"s
increases i'm Colorado and other western
/ states show no signs Of abatins.
"The worlds production Of silver IN Ioy'
was 165. 295.572 ounces, fine, showing an
increase over 1897 OF /, 222 400 ounces fine
CONSUMPTION.
"The worlds consumption Of the pre-
| cious metals i'm the arts and manufacture
during the year was, in new gold, $50
kiloerams. of a value OF SGj.O0OWO' ana II
new silver. Loss. 2S9 Kilograms. OF com
ing value of Sil 273,OOO and Commercial
! value Of S2O.2Oo,0OO"
/ The following table shows the produc
tion of gold and silver in the principa
nroduclnc countries during the year 1898
| United states. gold. $Gi,i54,0OO; silver, nm
! ounces. a4SS.O00. Africa. gold, $50 4Zs'oOO
Australia. gold. S64 S6O.s00 fine ounces
silver p OPT $50: Canada and Newfound
land gold. sl3.S3S7O0 fine ounces OF sil
YER 4 52 1893: Mexico, gold, SS,ooooo' NM
ounces Of silver. 56,73S,0Oo; Russia, gold
s25 ar 400. fine ounces OF silver, zNfz
british India. gold. N,7sl50; China, gold
Is O7S 700. Germany. gold, S@'0vi mn
! ounces of silver, 57l5l6: Bolivia. gold
s9ig 500. fine ounces Of silver. s,2oi5i9
! Chile gold. $40 700: fine ounces OF silver
.. 59i s9s: Spain. gold. $3.50. me ounce
~ silver. E .e57 96j; British Guiana, gold
60 0tS.7OO: Colombia. gold, 2,263.20O; fin
ounces Of silver, 5,i8,1lL