Los Angeles daily herald., 1888-12-03
THE PRECIOUS METALS.
Gold and silver COinage-DirectO
of the NIint,S ReDOrt


WASHINGTON, December 2.-Dr. Kim
ball, Director of the Mint, has submitted
to the Secretary of the Treasury report
on the operations of the Mint service for
the fiscal year ended June 30 1888. The
value OF the deposits of geld was $50, 1884,
456, including $S S,66S,959 of re-deposits.
The deposits and purchases of silver weie
SO, ,99l ,507 ounces of value, at the coin
ing rate, of SAL 1922 ,S46. This included
re-deposits of the value of $491 ,S31. OF
the gold deposited $32, ,406 .306 was cias-
sifed as Of domestic production, against
$32 ,973, ,027 in the preceding year. The
figures tend to show a reduction OF half a
in the United States.
The foreign gold bullion deposited
aggregated $2l ,74l ,042; foreign gold coin,
$32 ,467 $40 in the year preceding. Tie
deposited for recoinage was 1892, ,5l2.
Old material was deposited in the form
of jewelry and bars, plate, etc., contain
the silver bullion deposited and pur-
chased $37, 1893, ,64S (32, ,315, ,l56. 70 stand
ard ounces) was classified as of domes-
| VIZ PiOuuOtlOhy PlyOOcjCCI do lOlClSI
silver bullion $S7, 1856 as foreign silver
coin.
The total coinage was 109, ,O3O, ,547
pieces, of the value of $63, ,719, ,242, of
which $28, ,364 ,170 was gold, $92, 1852
silver dollars, 81 ,417 ,422 subsidiary silver
coin, and 81 ,21S,976 was minor coins.
The minor coinage of the mint at Phila-
delphia was the largest in the history OF
| fha ,,,tc cnruino ~ hni,n c;oroI h,
the demand for scent nickels and 1-cent
bronze pieces.
Gold bars were exchanged for full
weight United States gold coin as
authorized by the act of May 26, 1882. OF
059 in the preceding year. Silver bars
913, ,015, and l 1897 medals were manu-.
| factured
The average cost per fine ounce of all
dollar was 95 AZ cents. The seigniorage
the year was So, ,407 1922, and on subsidi-
on the coinage of silver from July l,
536,6S0 The earnings of the mints and
| doSdN OlilSCS liO
to 50, ,7SS, ,592, and the expenditure and
operative losses were 81, ,554 ,209.
The total imports of gold coin and bull
lion during the year were $43, 1874 ,3l7
and the total exports SIS, $40, ,234, or al
excess OF imports OF $15 ,55S, ,OS3. There
was a net loss OF (S,23S, ,7SS by the ex
port OF silver.
The production OF gold and silver ir
the United States for the calendar yea,
1887 is estimated to have been $33, ,0OO,.
000 gold and $53 ,357 900 silver. The pro.
duction of gold throughout the world has
remained nearly constant, while the pro-
duction Of silver has increased in the
last four years about $25 900 900.
The aggregate coinage of the world, in.
cluding recoinage during the calendar
year 1887, was 1924 1892 1865 gold, and
$3.50. ,S77 silver.
The value OF gold bars furnished fol-
industrial use during the calendar year
1887 was $11 ,672 COG; silver bars, IS, ,241 ;.
99S; total, $6l6, Ala 600.
The stock of gold and silver coins in
the United States on July l, 1888, is esti
mated to have been: Gold coin
$685., ,349 1887; silver dollars, $299. .7OS, 100
subsidiary silver coin, SIC, ,406, ,376. Al
the same date there was gold bullior
awaiting coinage in the mints OF the
value Of $110, 0,469 .019; silver bullion
1880, 1888; melted trade dollars, Sc, ,545,
554; making a total metallic stock o
81 ,092, ,439 1858. OF this there was in the
Treasury of the United States, 1894, ,53333,
172; in the National banks, $1O5 ,435 ,492
and in other banks and in genera
| circulation $500 461 900