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118                                          MINERAL RESOUECES.
the mines report has $2,617,313 against $2,664,000 of the mint report; in Utah, $5,121,646 against $5,121,600. A very serious differ­ence is shown in Nevada, where the mines report has $12,099,455 against $15,411,000 of the mint report. This difference will be dis­cussed in greater detail on a succeeding page.
UNITS OF MEASUREMENTS.
Gold and silver are measured by the fine ounce. In the comput­ing tables prepared by the Bureau of the Mint and the Geological Survey gold is counted as $20.671834625323 per fine ounce. The average commercial price of silver in New York in 1907 was 66 cents per fine ounce. The monthly average price of the metal fluctuated between 68.84 and 54.57 cents, the latter figure being reached in December.
The standard unit for ore production is the short ton of 2,000 pounds.
PRODUCTION OF GOLD AND SILVER REPORTED FROM THE MINES.
The following table gives the quantity and the value of gold and silver reported from the producing mines in 1907 to the officers of the United States Geological Survey. The last column in the table gives the increase or decrease in value as compared with the mines report of the preceding year as recorded in Mineral Resources for 1906.
Production of gold and silver in the United States in 1907 as reported from the mines to the United States Geological Survey, by States and Territories, in fine ounces.