Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1888-12-08
PRECIOUS METALS.
Mint Director KimbalPs Report to
Secretary OF Treasury.

DR.. Kimball, Director Of TIE Mint, has
submitted to the Secretary Of the Treasury
his report on the operations Of the Mint for
the fiscal year ending June goth, 1888. The
value of deposits Of gold was 1884, $50,
including $S,66S,e5e of redeposits. The
deposits and purchases of silver were 3d.
o4I,5o7 standard ounces of value, at the
coming rate Of $4I,822,S46. This includes
redeposits Of the value Of $4oI,S3I. OF the
gold deposited, $32,4o6, goo was classified
as of domestic production, against $37, S73,
oa7 in the preceding year. These figures
tend to show reduction Of half million
dollars in the production Of gold in the
United States.
The foreign gold bullion deposited aggre-
gated $zI,74I,o42; foreign gold coin, $I4,-
se6,SSs-a total of s36337,ez7, against
s32,467,S4o in the year preceding. The
value Of the United States light gold coin
deposited for recoinage was s4e2,sIz, old
material was deposited in the form Of bars,
jewelry, plate, ETC., containing gold Of the
value Of s2,eSS,7so.
Of the silver bullion deposited and pur-
chased $3z 3o3,64S (32,3I5,I57.7e standard
ounces) was classified as Of domestic pro-
duction, 81, 66S,35 as foreign silver Blu lion,
and $S7,336 as foreign silver coin. The
total coinage was $Ioo,43o,547 pieces of the
value Of $63,7ie, 242, of which SIS, GOAL
were gold, $32,7I8,672 silver dollars, 81,
4I7,422 subsidiary silver coin and $I,2IS,-
o76 minor coins. The minor coinage of the
Mint at Philadelphia was the largest in the
history Of the Mint service, being occasioned
by the demand of ive-cent nickels and one.
cent bronze pieces.
Gold bars were exchanged for full weight
United States gold coin, as authorized by
the Act of May 26, 1882, of the value of
sI5,s46, 1886, against $7,6o4,o55 in the pre-
ceding year. Silver bars were manufactured
to the value of $5o,3I3,oI5, and 1897 med
ais were manufactured. The average cost
per fine ounce of all the silver purchased
for the coinage of standard silver dollars
was o7.4S cents. The seignorage on the
coinage OF silver dollars during the year
was $S,4o7, o22, and on subsidiary coinage
$71,IoI. The seignorage on the coinage
of silver from July 1, 1878, to June 80, 1883,
amounted to $47.536,6So. The earnings Of
the MINIS and assay offices from all sources
amounted to So,7SS,5ez, and the expendi-
lures and operative losses to sL534,2oo.
The total imports of gold coin and bullion
during the year were s43,934,3I7, and total
exports $I8, 376,235, or an excess of imports
of $40, 55S,o83. There was net less of
says, 7SS by the export of silver.
The production of gold and silver in the
United States for the calendar year 1887 is
estimated to have been 500, DOC, 900 of gold
and $53,357,ooo Of silver. The production
of gold throughout the werld has remained
nearly constant while the production Of sill
yer has increased in the last four years about
SIS 900, 900. The aggregate coinage of the
world, including recoinage, during the cal
endar year of 1857, was $I24,992,365 gold
and $3.50, eS4,S77 silver. The value of gold
bars furnished for industrial use during the
calendar year of 1887 was $H,67e, 600; sill.
yer bars, S ,24I,9oS; total, $I6,eI4,5I4.