Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1886-08-11
AMERICAS PRECIOUS METALS.
Prof. Kimball's Report upon the Pree-
iOus Metals Product
I Of 1885.
"A Very Considerable Reduction In the
Estimated Circulation Of
Gold Coin.
The Unexpected Output Of Montana
and Idaho. ...Other Interest
- ing Figures. u

WAsaNa1oH, August S.-Prof. Jas. p
Kimball. Director Of the Mint, has completed
his report ON the production of god and
silver in the United States during the cal
endar year, 1855. The production OF gold
is $1i, SOC. 90, an increase OF 81 900, ,O0C
over the estimate for the calendar year o.
1854. The production Of silver for the
calendar year Of 1885, calculated at the
$oinine rate in silver dollars. is estimated
1851 800, 900, against $4s, 500, 900 in 1884,
In increase Of $4,000, 900. Colorado still
retains the foremost rank as the largest
producer of the precious metals, California
maintaining the second place. The most not.
ablefhanges have been in Montana ard Ida
no. The production OF the former has in
creased from 100000 in 1884 to nearly
$13 500, 900 in 1885 and the latter from
So, go, 900 in 1884 to S., 800. 900 in 1885.
Nevada, Utah, New Mexico and Dakota
still hold their own, while the production
Of Arizona has slightly increased.
THE COINAGE.
The coinage executed during the calendar
year at coinage .mints consisted OF 47.544,-
521 pieces OF the face value Of $a6, 928. $40:
OF this amount 3,OO2 ,313 pieces, valued at
$27,773,O12 consisted ofgold coin and
81, ,925, ,544 pieces, valued at $2S, 962 L 176,
OF silver coin. The remainder was minor
coin. The number OF silver dollars coined
during the calendar year 1855 was 2S. .697,-
167. In addition to the coinage OF gold
and silver bars OF the value OF SGT AGO.
O95 were manufactured by the mints and
assay Offices during the year. The total
value OF the bullion and coin imported
into tho United States during the calendar
year WAS SAL AIS, ,139, OF which 50 e,322.-
3O9 consisted OF bullion and $33. .O95, 100
al coin. OF the total exports, $23 3,645,-
all consisted Of gold and SIT, 7,772.716 Of
silver. The total exports OF gold and sill
yer from the United States during the same
2O7 was gold and S33, 3,28O,5 silver.
While the United States lost by exporta-
tion during the year. $15, sos, OS4 in silver,
It gained s., 1928, $50 by net importation
81 gold. The report contains an elaborate
review of the coin circulation of the United
States. The Directors advance estimate
a January l, 1886, is reviewed, as we'll as
the estimates OF his predecessor. Some
errors in his still earlier estimates have
been corrected. The deduction from the
stock OF gold coin OF 215, ,9Sl is made
from the stock OF bullion in the Treasury,
July L.. 1873, heretofore included as coin
and fcr an error in the export OF gold coin
as reported for 1874 OF 81 ,654, ; TIA, a total
of $40, 1924, ,695. This, with $4,000, 900
deducted in his annual fiscal report makes
u total reduction of $50, 1874. .695 from the
estimates by his predecessor of the stock
of gold coin in the United States. The
Director estimates the amount OF gold
coin in the United States on January
l., 1886, to have been $533, ,485, ,453;
of silver dollars, S218, ,259, 761; subsidiary
silver, SIS, ,O34. Ill; or o total stock OF
coin OF $S26.779. 1926; Of stock OF gold
coin in the United States Treasury held
over and above outstanding gold certifi-
Gates. SIS, ,434, ,379; National banks, $780,
$50, ,592, including treasury and clearing
house certificates.
One thousand and fifteen State banks
and trust companies held November l,
1885, $31, 1856, 78S, which left in the hands
of the people and other banks, $27O, ,441,-
G93 OF silver dollars. which have been
coined in the United States Treasury.
The result of his inquiries leads the pi-
rector to the conclusion either that the
OF gold aud silver in the in
dustries has fallen off since 1883 or that
there is less duplication in the returns than
heretofore as between the original and
secondary manufacturers.