St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-09
THE PRECIOUS METALS.
Official Statistics Regarding Their
Production and Distribution.

WASHINGTON, Aug. S.-Dr. James P.
Kimball the director of the mint has COM
pleted his report on the production of gold
and silver in the United States during the
calendar year 1885. The production of
gold is estimated at S31, 500, 900, an increase
of $1,000, 900 over the estimate for the
calendar year 1884. The production of
silver for the calendar year 1885, calculated
mated $51, 100000, against S4S, 500, 900 in
1884, an increase of So. 800, 600. Colorado
still retains the foremost rank as the largest
producer of the precious metals, California
retaining second position. The most
notable change has been in Montana and
Idaho the production of the former having
increased from 100000 in 1884, to
nearly $13, $780, 900 III 1885. and
the latter from 3.97O,O 900 in 1884,
to SIS, 800, 600 in 1885. Nevada, Utah, New
Mexico and Dakota still hold their own,
while the production of Arizona has slightly
decreased. The coinage executed during
the calendar year at the coinage minis con-
sisted of Al, 544. 21O pieces of the face value
of $50, 926,S1O. Of this amount 5000, 313
pieces, valued at S27, 773,O12 consisted of
gold coin, and 81, 925, 544 pieces, valued at
$2S, $685. 176, of silver coin. the remainder
being minor coin. The
NUMBER OF SILVER DOLLARS COINED
during the calendar year 1885 was 2S,697,-
767. In addition to the coinage gold and
silver bars of the value of $27, 400, 095 were
manufactured by the minis and assay Of
fees during the year. The total value of
the bullion and coin imported into the
United States during the calendar year
was $41, AS, 1919, of which IS, 1872, 909 con-
-. 10y nd Of
Of the total imports $23, 645, 81 consisted
of gold and 81, 772, us of silver. The to-
tai exports of gold and silver from the
United States during the same year was
S44, 697, 749, of which $11, All, 207 was gold
and $50, $50, 542 silver. While the United
States lost by net expectation during the
year SIS, 5O7, s24 in silver, it gained $12,-
22S, 104 by net importation of gold. The
report contains an elaborate review of the
coin circulation of the United States. The
directors advance estimate of Jan. 1, 1886,
is reviewed, as well as the estimates of his
predecessor, Some errors IN still earlier
estimates have been corrected. A deduc-
ton from the stock of gold coin of S15,-
500, 9S1 is made for bullion in the treasury
july 1, 1878, heretofore included as coin,
and for an error in exports of gold coin as
reported for 1874, $4.654, TIA, a total of
$40, 324, 695. This, with the $50, 900, 900
deducted in his annual fiscal report, makes
total deduction of $50, 324, 695 from the
estimates by his predecessor of
THE STOCK OF GOLD COIN.
in the United States. The director esti-
mates that the amount of gold coin in the
United States on Jan. 1, 1886, to have been
$3.50. 4S5, 453, of silver dollars $21s, 259, 761,
subsidiary silver SIS, 034, Ill, OF a total
stock of coin of 1926, 779, 1875. Of the stock
of gold coin, the United States treasury
held over and above outstanding gold GER
tificates SIS. 434. 279, and the national
banks S156, 453, $685. including treasury and
clearing house certificates. One thousand
and fifteen state banks and trust companies
held Nov. 1, 1885, S31, 255, 7s9, which left
in the hands of the people and other banks
S27O,44 ,693. Of the silver dollars which
have been coined, the United States treas
ury owns (not represented by sill
yer certifcates) S72, 53S, 725, the
national banks Sc, 94O, 62S. The
amount owned by private individuals
and other banks Including those in the
treasury represented by certificates outstand-
ing) was $13S, $50. 408. Of the subsidiary
silver about $27, 600, 900 was in the treas
ury and $47, 900, 900 outstanding. The di-
rector reviews the estimates of coin in cir
cuIation by various private and public
writers and adduces facts and figures in
support of the correctness of his own esti-