Daily press. [volume] (Newport News, Va.) 1896-current, 1910-01-30

2e5 in United states com, anu ~
I7l7.7s5 IN foreign coin. the excess oil
exports over imports thus being $751;
1 GAS aga. In 1908 there was an excess
of expor,s over imports valued al
$50, $3.50, i63. The imports In 1909 were
made up chiefly OF ore and bu'iiioh
from Mexico and 10 a smaller &C.
gree from Canada and South Amerr
en-. The exports consisted largely oil
coin and went chiefly to South Amer
lea. though large amounts OF goid
were sent 10 Japan. the United KING
dom, and France. 80
Silver.
During 1899 the silver mining IN
dustry suffered from low market
prices for the metal and for copper
and lead, from whose ores nearly o"
ner cent OF the annual production
OF silver is recovered. The average
price of silver in 1908 was 90 cents
per ounce. but is declined in 1909 TO
40 cents, or rs cents below the aver
age for the last thirty years. value
not sufficiently attractive TO JUSTIFY
the mining. under ordinary conditions
of l,w.grade silver ores. Notwitn-
standing the low market prices OF
lead and copper, however, the output
OF these metals was greater In 1919
than in any previous year, and 1t was
chiefly for this reason. more especi-
ally on account of the increase In cop
per OUTPUT, that the production OF
silver was maintained at about the
same figures as in 1908, and at about
3, 500. 900 fine ounces above the aver
age output for the last thirty years.
even though the value was over sio,-
goo 900 less than the average for this
period.
The preliminary figures OF the d.
rector OF the mint give an estimated
production in the United states IN
1909 OF 53,s4s,OoO fine ounces OF sill
yer. valued at s2s,0l0.l00. This indi-
Gates an increase Of l.40S.29U ine
ounces In quantity. but decline OF
s4O,5OO in. value from the figures for
1908.
The most notable increase OF pro-
duction in 1909. as compared with
1908, were in Montana, Utah, and Ari-
IONA. which are large copper pro-
ducers and where the smelling indus
tries we're generally active in 1903.
The indicated increases are 1,643,soo
| fine ounces In Utah, and 732,20o me
ounces in Arizona. In Colorado there
was little profit in mining and smeit-
ing low grade ores, and a heavy de-
, crease of 1855 fine ounces. or
about 10 per cent of the output OF
1908, Is indicated In both idaho and
Nevada decreased output is indicat-
ed amounting to more than 100000
ounces In each state. Smaller losses
I are attributed to Alaska, Missouri
New Mexico. Texas. and Washington.
The market for silver in 1909 Of
fered little encouragement, as large
i ly increased foreign output, especi-
ally from the Colbat district in Can
ada, was In competition with the do
nestle production The failure OF
India TO buy as largely as usual was
only partly offset by better sales to
China.
From estimates OF the bureau OF
statistics, the imports In 1909 were
valued at $so,332.0ss for silver in
foreign ore, sl2,43l.150 for silver in
foreign bullion, and $2.s67,7ss for
silver In foreign coin. During the
same year exports Of silver were
valued az follows: Domestic ore
ss4o,s47; foreign ore, ses.27s; domes-
tic bullion, s54.s3s.so4: foreign bull
| lion. Si,22s,42s; United States coiu'
s170,25s and foreign coin. $s10,sSl.
The value in excess OF total exports
over that OF imports in 1909 was
therefor s1l,279, 33s. The imports OF
silver we're chiefly in the form OF
ore and bullion, and came largely
from Mexico and Canada. about twice
as much from Mexico SIS from Canada
The exports consisted almost wholly
of ore and bullion. and went chiefly
to the United Kingdom. although I'm
portant shipments were made also 70
Honekong direct and to France