New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-11-22
TIE NATIONAL MINIS.
DIR. LINDERMAN's REPORT.

DR. IINDERMAN'S REPORT
THE COINAGE AND SPECIE OBSERVATION-DISCLOSURES
SILVER THAN WE CAN MINT-ExPoRTs OF Bull
IION-THE DEMAND FOR SILVER AND GOLD
ABRoAD-CAUsEs AFFECTING PRICES.
WASHINGTON, Nov. 1.-THE report of DR..
Inderman Director OF the Mint, shows tho amount OF
gold aud silver deposits and purchases, coins struck ana
bars manufactured Tor the ending June 30 was
as follows; 20
Gold deposits 0o
silver deposits and purchases. lsoI4 W
Total omOunt received and operated upon 81
Deductug rodcposits, bars made ana
issued by one institution and deposited at
Gn nG INC u' po'i'N ..... Ss,556293 90
A
Coinage Cold 7Sa062 pieces Tslue s6S 900
coinage Minor i46 $500 pieces 2So876 90
Coinage Total 50 1871 IT'S pieces 7OS 90
The total gold and silver bullion deposited ana phf
&ai at rR RSsS sy"yc'i'o va" 5S s e "a
i carson 5' 49, lf9 q
Hss5v once New York ......... 13.4752t7 u
Ass9y once Boise CITY Idaho Territory. 1I77g Is
Assay Ofice Charlotte n. C................ 6d9o o.
The coinage at the different mints was as follows:
At Phradelpha--Gold coinage. 27s25S pieces value
$500 s70 silver trade dollars 40 500 pieces value
$476.su0; subsidiary coin Ol01oo piccesi vaue e
@23O37j total 1914 95s pieces value S9o5s 700.
value S26 200. 900: silver. tado dollars $4,000
pieces value S33790OO; silver subsidiary CONS A.N2,
900 pieces value S9lS OOO total 9toooo pieces value
Al Carson-God coinage 1870 ao4 pieces value s. 49,
ZOO subsidiary e2n l@2o3le piece pie 3 value s2o0l''
total 3,192S2O pieces Nalne Gl,-9',jo1 10 a., 100
Total coinage. 3,l0l.77S pieces; value @i3'9o''O9'
CHANGES AT THE MINIS.
AT the Assay Oifco in NewYork the business has in
creased such extent to render necessary the occ
pancy Of the in the Wast building which have
until recently been rented to banking firms The capacity
for melting and refining bullion has thereby been doubled
careful examination by the Supervising Architect Of
the Treasury Of the building in which refining by
suphurc acid has been carried for number of years,
having developed the fact that the iron beams we're cor
rOded by suphurOus acid gas to such an extent rs 10
weaken them and render additional supports necessary,
the latter have been provided and put in place The du
plication OF tho coming machinery at the mint In
Carson, for which appropriation was made Two
| Years ago, has been completed. and the coin
! ing capacy doubled At the mint at Phiindel,
! phia the anncamg capacity ha i oceh louna
ard the coming capacity thereby Increased. WIN these
improvements the Mnls and Assay Offices are IN very
demonstrated the insucncy OF the facilities OF The
Treasury and its Offices for the convenient ana SALE
more silver coin has of late been retained IN the custody
Of the Nuts than could he r9pery cared iot ~ - 'us
undertaken at an early day. The Mint al Scw-oreaus
has been prepared for reopeung a. Tar u the limited
| appropriations therefor would permit
| THE MARKET PRICE or SILVER
In tine latter part Of s72 il became apparent that the
change In the German monetary stem ana other causes
would produce serious decline in silver aud lnurously
affect our -ilyerminng interests TO provide market
Tor silver mined in county coin OF standard likely
to make Il acceptable in China was authorized early in
| the following year 1873. In January, 1875, law
looking TO tho substitution Of silver for our paper
fractional currency was enacted The coinage Of The
trado dollar has not tho least effect on the general mar
kct price Of silver The effect is to make something
Of a local market at san Francisco; ant If our annual
/ could com The silver produced on the Pacific
coast v"nId command slightly better rates But the
ici the coming capacity Of the nuts for SILVER CONS
~ rss nomination than the dollar Is not equal "a more
thau hi the production aud two years yield Of
manufacture all the fractional coin that can he adyan-
tagrl,ly used IN The country Small silver COINS with
! thc exception OF tho trade dollar, can only be
Issued exchange at par FOL gold coins rms VIII he
barrier Ia thrir excessive coinage The demand for hui
lion that purpose must, after two az three years,
be quite small The coinage rate OF silver
- pc cent the nominal yaue equal to 2oo cents
per JuncD gives return L. the deOsitor n iha com Of
price vi silver purchased lO The fractional coins has been
only 1lli per- standard o"hc c proves ,rcoEt
| the trade dollar coinage has not lhnu
| gnced the price 10 any pGcpGbio extent;
states. aud since n NOT part 81 on the Pacific Const Is
exported % London, The trade dollar COINAGE should To-"
eoainged IL Tor 40 oiHCT pg tI@n 10 inHs 0ri
nave national coinage Of silver. ani IN
/ tho mean time more eAlGnsFe use Oh o., w..
ouly 90 thr Chinese bat likewise Go to e resident. ~
the different ports. The American trade dollar has brcn
well received in that Empire, ana II authority we're given
90 coin 40 oar Western WIus D. 10 20, ud Jpc,nt pieces
81 the same standard, tncy would doubt find ready
luIlrGf 81 tic different commercial pOrio aHd gradually
/ worn tncir way into the interior of tine Empire
PURCHASES FOR SMALL COINAGE.
Inc purchases silver bullion under the Specie Re-
sumption act from Jan. IA TO Oct. 81, 1870 have
amounted to $S3l977 %. at an average piico. with
t, 49, filming cgr n added for the dOYs bullion OF ~ 4
por ounce standard The average price OF silver IN Lon
don dur NJ tine same pcr0. has been ~ 124. The pur-
cba-cs begun soon after tide pls-ace o.! the aci;
condition of the u1rhcts was carefully lnqduei
nt1 the London rates G-,eraiHed, aud me respective
Sl.crufcu lcIs instructed O. purchase at tue lowest
market rate. and above the limit authorized The
coiu OF the fractional SILVER beng dollar -
cents aud .uiii5 per STANDARD ounce, and the alesr
cost on the bullion dollar II cents, and MILF, the
-C .1Ioragr gain on il coinage VIII DC 10 cents per
ounce about - per cont The fractional SILVER com
manufactured during he same period WHs ~ follows
j ...--. "a. - -Ll LI-... A--.- E-..... 900