262 VALUATION, DEPRECIATION AND THE RATE-BASE 
TABLE 17. LEAD IN THE UNITED STATES 
ANNUAL PRODUCTION 
(Based on smelter returns and prices at New York City) 
(1880-1914) 
Annual production. 
yest ; i RTT 
Pounds. Total value. 
1880 195,650,000 $ 9,782,500 2.7 $o.050 
1881 234,170,000 11,240,160 24.4 0.048 
1882 265,780,000 12,624,550 26.2 0.049 
1883 287,914,000 12,322,719 20.3 0.043 
1884 279,794,000 10,537,042 29.1 0.037 
1883 258,824,000 10,469,431 26.4 0.039 
1886 261,258,000 12,200,749 24.3 0.046 
1887 201,400,000 13,113,000 24.9 0.045 
1888 302,838,000 13,399,256 24.8 0.044 
1889 312,794,000 13,794,235 26.0 0.039 
1890 287,260,000 12,668,166 21.6 0.045 
1891 357,108,000 15,534,198 26.4 0.043 
1892 347,308,000 13,892,320 22.7 0.040 
1893 327,964,000 11,839,590 23.3 0.037 
1894 318,662,000 9,942,254 23.4 0.033 
1895 340,000,000 11,220,000 23.8 0.032 
1896 376,000,000 10,528,000 25.3 0.030 
1897 424,000,000 14,885,728 26.8 0.036 
1898 444,000,000 16,650,000 25.9 0.038 
1899 421,000,000 18,945,000 29.9 0.045 
1900 541,648,000 23,561,688 29.0 0.044 
1901 541,400,000 23,280,200 27.6 0.043 
1902 540,000,000 22,140,000 27.3 0.041 
1903 564,000,000 23,520,000 28.0 0.042 
1004 614,000,000 26,402,000 20.4 0.043 
1905 604,000,000 28,690,000 29.0 0.047 
1906 700,306,000 39,917,442 33.7 0.057 
1907 750,198,000 39,760,494 35.0 0.053 
1908 621,524,000 26,104,008 27.0 0.042 
1909 726,638,000 31,245,434 32.6 0.043 
1910 778,422,000 34,250,568 32.2 0.044 
1911 811,726,000 36,527,670 33.1 0.045 
1912 830,790,000 37,385,550 32.4 0.045 
1913 872,860,000 38,405,840 34.4 0.044 
1914 1,025,588,000 39,997,932 AR 0.039