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Show I UTAH MINES ADD jj TO SILVER OUTPUT H Preliminary estimates of the United H SlatCB geological survey and the bu- rcau of the mint luaicatu a domestic H silver production in 1912 of 62,869,974 H lln ounces, valued at .7,982.414. the B greatest output (though not the great H est value) since 1892, when the pro- duction was estimaUd at 03.5oo OHO ounce. In 1892 It was given as 60,-fm 60,-fm 000,000 ounces, and not since then ua-M, ua-M, W 1911, when the production as mi-: mi-: 399.400 ounces, has tho figure been fl above 60,000.000. Final figures may gl show an even greater output for 1912 M, as early estimates from the inlns made by the western offices of the W geological survey indicate a total ill gjj Ter production of approximately 64,- rfl 000,000 ounces, or the largest output Ijl in tbo history of the country. 5j3 Tni8 increase in production may be Sj attributed chiefly to tho notable In- B crease in the output of copper orea. M especially those of Butte, Mont 4 wnich contain considerable silver, and j 1 argentiferous lead ores, notably of the Tintic and Park city districts. S'J UUh, the Plochfl district, Nevada; 1 and the San Juan region and tho J Lcadvillo and Aspen districts. Colo M rado. There was apparently a small m detrease in silver produced from tho 3 groat Coeur d'Alono lead mines of laa R. bo, whose ores have a lower average I silver content than formerly High prices generally for sliver, cop 1 Pr and lead In 1912 materially added I to tbe profits of production. The av i ersgc New York price for silver In January. 1912. was 56 3 cents a fine a ounce; by May It had risen with var ious fluctuations to 60 9 cents, by October Oc-tober to 63.5 cents and the Decemhor average price was about 63.6 cents The average price for the year mn be taken at t;n 9 cents a fine ounce, against r? centa in 1911 and ioos. r,4 cents in 1910 and 52 ceuts iu 1909 It was the highest, therefore since 1907. when the average price was 66 cents Tho year 1912 was one of general business bus-iness prosperity and buy Inn was liberal lib-eral in all metals. For shipment to the far east, especially to India, large purchases of silver W9tt recorded. According to foreign estimates made by the bureau of foreign and domestic domes-tic commerce, the lmiorts of silver In 1912 were valued at $4 7.N"iMiii0 The exports of silver during the same year were valued nt $70,272,000, or 199,472,000 In exce. of the value of the Import? In 1911 the value of the excess of exports over imports of sit ver was 121,918,076, The Imports of silver In 1911 were, as usual, chiefly in ore and bullion and came mainly from Mexico and Canada. The exports were almost i anaun. rne exports were aimo?i wholly in refined bullion and coin and went, as usual, chiefly to the United Kingdom, although larj;e amounts were also sent to France and Hongkong, Hong-kong, and smaller shipments to China Chi-na ind British India |