OFFICIAL ESTIMATES from the national 

 capital do not correspond witb the figures 

 given out at the Western mining camps in 

 regard to the production of the precious 

 metals for the year just closed. It is an- 

 nounced from Washington that the Direc- 

 tor of the Mint has received approximate 

 estimates of the gold and silver product of 

 the United States in 1895 from the mint 

 officers and other agents employed to col- 

 lect these statistics. The value of the 

 gold and the number of fine ounces of 

 silver produced by the several States and 

 Territories is estimated to have been as 

 follows: 



Silver ounces. 

 Source. Gold value, fine. 



Alaska $ 1,500,000 



Arizona 2,067,100 1,000,000 



California 15,600,000 154,700 



Colorado 15,000,000 22,000,000 



Idaho 2,790.700 4,000,000 



Michigan 40,000 35,000 



Montana 4,392,700 14,500,000 



Nevada 1,700.000 622,600 



New Mexico 1,075,000 154,700 



Oregon 2,200.000 7,700 



So. Appalachian States. 316,200 1,200 



South Dakota 4,255,000 82.200 



Texas 206,000 



Utah 1,352,300 8,223,800 



Washington 300,000 11,600 



All others 25,000 500 



Total for 1895 $52,614,000 51,000,000 



In 1894 39,500,000 49,500,000 



Increase $13,114,000 1,500,000 



VISITORS were present on the opening 

 day of the Chicago Mineral and Mining 

 Board from all over the West, Colorado 

 being especially well represented. The 

 committees are going slow, and trying to be 

 safe and sure, and thus far but fifteen stocks 

 are listed, though many more are clamor- 

 ing to be listed. Those already admitted 

 are mostly Cripple Creek properties which 

 produce and pay dividends. In his open- 

 ing address President John Marder said: 

 :< The management desires to have it dis- 

 tinctly understood that the board is not 

 limited to affording facilities for dealing 

 in properties, stocks, bonds, and securities 

 connected with the precious metals only, 



100 



but that especial facilities will be afforded 

 for the presentation of coal, iron, copper, 

 zinc, phosphates, and all other mineral 

 properties, by bringing into immediate 

 contact and intimate relations those who 

 have mineral properties to sell or develop 

 with those who have capital to make them 

 productive. ' ' 



TUNNEL- MINING is being resorted to more 

 than ever in the Cripple Creek region. 

 The laws of Colorado allow tunneling 

 under other men's property. Tunnels are 

 now being run under Gold Hill mountain, 

 on which are a number of the great pro- 

 ducing mines. 



A WELL-INFORMED WRITER states that the 

 best known plan and safest for the invest- 

 ment of outside capital in mining is the 

 formation of a close corporation for the 

 actual purchase, development and opera- 

 tion of mining property. 



STOCKS listed on the Chicago Mineral 

 and Mining Board thus far are Isa- 

 bella, Anaconda, Pharmacist, Portland, 

 Union Gold, Favorite, Sleepy Hollow, 

 Jefferson, Justice, Squaw Mountain, 

 Finance and Rhyolite Gold. 



THE values of the Colorado products for 

 1895 are claimed to be as follows: Gold, 

 $18,605,000; silver, $14,259,049; copper, 

 $877,492; lead, $2,^55,114: coal, $6,665,- 

 136; iron, $1,586,200; steel rails, $1,348,- 

 500. 



JOHN MACKIN and John J. Philbin, Jr. , 

 of Chicago, have bought gold lands near 

 Prescott, Ariz., within fifty miles of the 

 locality selected by N. K. Fairbank, 

 Marshall Field, and Lyman Gage. 



REPRESENTATIVES of all the mining ex- 

 changes of the West are attending the 

 opening of the New York Exchange. 

 A big excursion train was run from 

 Denver. 



THE Mechem Investment Company have 

 opened a mining exchange in the Western 

 Union Building, Chicago, confining the 

 lists wholly to Colorado properties. 



