The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-25

Value mdzs put on market week ending April 1913 ass
= dry goods . g 17l2,16S
Total. .....................s 50, $40 sos
Previously this month. Observation-Disclosures. $3.50 SS3
Total three weeks ending April %, 1858 30, 4so 4sl
This not far in advance of the corresponding period
last and the aggregates for the month Of April ths
year and last will compare very favorably The principal
items Of import last week follows Books TIT;
coffee s34 342 msdder $50 141 earthenware "a l3l
furs %. 129 hatters goods, S32 7ss; hemp s34 411
indigo 1885, undressed SKINS $59770 copper sheath
ing, $72 27o iron, ssS 0s5 railroad ron 077 cut
lery, s44 $685. hardware s4se5s steel, s67, GOT; ta
$2c5 $780, oil lineed $40 7os sugar. $780, e7 tea $685.
167; watches, $41, 6ls.
The following circular from the director of the Unitsd
States Mint Philadelphia explains the system to be pur
sued in issuing gold ingots:-
MINT OF ruE UNITED SrAns
PHIr.ADEIPHA, April Is, 1853
The Director the Mint gives notice that the prepsrs
ons are now complete for the issue of bars Of reRns
gold to such parties may prefer the to CON- in
payment of their deposits Of gold bullion.
MINI GSrs T ee s.smpeS with the inscription ~
in ounces and hupdredths and the fneness in thou
sandhs In addition to these particulars, which IN
cude all that are required to be stated BY law, Label
will be attached to each bar covering information % 70
the gross value of the bar and Its net value returned
10 the mint for coinage after deduction made Of half ps
cent, as the legal charge therefor.
The cost Of procuring the bars from the mint In add
ton TO the charge Tor parting when that operation
qured has been fixed by the Secretary Of the Treasury
fix cents rer hundred dollars worth The cost Of
curing CON- in addition to the parting charge has
been fixed by law at fifty cents hundred dollars worth.
1t manifest therefore, that there il economy
procuring bars instead Of coin amounting to forty
cents In the hundred dollars.
So far then the issues demanded from the mint are
designed for other purposes than domestic Circulation
there be doubt OF the economical advantage -
other of selecting bars instead Of coin. II may conss-
quenty be anticipated that the of coin for nanu-
lures and for expectation viii IN great measure cease
any economy growing out of the mint tariffs there
some special advantages in the opfne bars instead
Of COIN for manufacture and export Their high STAN
dar fits them at once for tho OF gold beaters and
ciates the preparation by mixture With base bulusu
OF any quality Of metal required in gold manufactures
ard, their expectation TO Great Britain and sale -
the Bank Of England precudes the refining charge nov
imposed on American COIN and possibly the delays and
expense incident to re melting and re assay.
To what extent these bars may prove useful subs
mine. The facility with which large may be count
ed in Them and their freedom, with moderate care from
the abrasion and loss consequent upon the Of co
advantages which must be taken into account In
forming judgment that point II also be eft
TO experience to determine at what rate these bars shall
PASS whether at the gross valuethat Ia At the
which would be equivalent thereto In conor at the net
value pa able deposit at the mint being half por
cent less than the value BY Of the coinage
cbarye-Or at value intermediate between the gross
stances Of demand and supply On this point It may b.
remarked that at all events the bars should never Be
mated at less than their net value since they -
csshed for that at the mint and hereafter st tho
New York Assay Office On the other hand for export
manufacture hearc ntrinsicay worth the gross vAlue
ard purchasers will always find il to their advantage
pay that amount for them rather than coin for suo
purposes. 7. N. PETIT Director.