Ch. 1: Gold and Silver in 1919

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	GOLD AND SILVER.	677

	The average prices for silver in 1916, 1917, and 1919 are based on the dealers' buying price at New York, and the average price for silver in 1918, used in computing the mine output, was that given by the Bureau of the Mint as the approximate actual selling price of all silver sold. The average commercial prices (or dealers' prices) for silver 0.999 fine at New York are those quoted from day to day on the market and run uniformly somewhat below the prices as given elsewhere by years. PRODUCTION OF GOLD AND SILVER REPORTED PROM THE MINES. The following table gives the quantity and value of the output of recoverable gold and silver ("mine production") by States reported from the producing mines in 1919 to the United States Geological Survey. The increase or decrease of production shows results by comparison with the corresponding Geological Survey mine figures for 1918. Mine production of gold and silver in the United States in 1919.



	A decrease in production of gold from mines of the United States of $9,476,824 is shown for 1919, following a decrease of $14,330,809 in 1918 and of $10,789,685 in 1917. A decrease of 16,155,221 ounces of silver is shown, following a decrease of 2,602,441 ounces in 1918. The principal gold-producing States in 1919 were California, Colorado, Alaska, South Dakota, Nevada, and Arizona, and these six States together made about 86 per cent of the total output. The only notable increase in gold was in California, which produced about $167,002 more in 1919 than in 1918. The most notable decreases in gold were $2,865,091 in Colorado, $928,614 in Arizona, $2,078,435 in

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