New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-05
The coinage Of the minis was as follows :.
HHsH sHas q
GOLD EARS.

GOLD EARS
In addition TO the coinage gold bars were manu-
featured OF the value Of s22 24121 AZ ard silver bars
Of the value Of 5000 3f6 u. oal Of So ~ 367 81
Fine gold bars were exchanged for gold Cola free
Of 'aa s Ss "e 81 q, a sea s Office at N'~Y0k
PURCHASES OF SILVER
The purchases Of silver by tie Secretary OF the
gated 1857 20 standard oinces cost M SO 90s-
763 AZ, an average cost OF S0.03375 per fine.
MINIS less than 10 600 ounces aggreeatins
'4tOl'I ~ standard ounces, costing e300l3 u. viii
silver, contained I'm gold deposits and remnants OF
standard ounces costing so0.O77 33.
The Total purchases for the silverdOllar coinage
during the year aggregated 20 400 s45.59 standard
ounces, costing So 500 ~. average OF
Tho Total amount Of silver purchased for the coin.
age Of the silver dollar, from february %. 1879. ~
Ounces ing SEED, $50 G33 Ca an average cost OF
silver dollar at the average cost for the whole period,
Ia S0.s22.
The profit on the cOnage Of silver to the close e
which 97aI. EDS - have been pad for expenses of
distributing the coin, and e24e6I7 70 for rsmburse-
men OF operative wastaee Ond loss silver sold IN
sweeps. l.aving a net profit Of $j6,349.737 81.
The price o. silver huctualed during the hsca year
1859, from ~ I'D the opening prce on July 1855.
closing az 42d. juno 30, 1899.
The average price Of silver in London during the
fiscal wear was ~ I'D. equivalent at the average
rate OF ght sterling exchange to SOg35 per ounce
fine At his price the bullion value of the standard
silver dollar Is ~ cents.
EARNINGS AND EXPENDITURES.
The earnings OF the minis from all sources during
the fiscal year Aggregated slo35l 7o1 A.. while the
expenditure ana losses Of al. kinds amounted to
IMfORfs AND EXPORTS
The loss OF the procOus metals by net export dur
Ing the year was: 90, -,
Silver $780,. l2O35Ios
Total sG COS 5O4
The export OF gold a. we'll as the ne, loss OF gold,
wa materially larger duing the last fiscal year Than
any year since $50.
The heavy movement OF gold from the United States.
which commenced in May, 1855. continued with some
htcrrup' Ons until the end Of July 1880.
to France. England and Germany. since May, 1895,
aggregated %Gl AS $50. This large loss OF gold IS
attributed TO various causes, among which may be
mcniiorci first. the mfsvorable balance OF trade;
second the high price Of eNcha'ge on London; thiri,
the high rate II interest by the Bank Of England and.
fourth. the expenditures by Americans IN Europe,
principally on account Of the Paris ExEsi'ion
found article treating 'n detail Of this movement
PEODTCT
The mines OF the United states yielded during the
calendar year 1853 precious metals as follows:
Gold
va VIZ ounce. .s5 il, 3"
Silver
Commercial vIluc ....... s47f2 90
Coming value S. l5 0o
The product Of gold and silver in the world IS cstl-
mated by hc Director Of the Mint 10 have been for
cle same year:
bOll slOF y To-
Commercial value ................ 1903 $50 2Go
coiring valve ................. 14o4s7I5o
WORLDS COINAGE.
The coinage Of the world. for tho calendar year
1893, 30 far a. reported,
GuiI ......-........... ....... sf2i 70 $50
sll,e~ o.. 10 sac
Deiuciiue rCoinagcs rep9riel. ana the coinage OF
Mexican silver dollars, the odd ton TO the world
stock Of coin during the year was:
91 d dea 10
METALLIC STOCK.
The stock Of gold and silver IN the United states Is
cstlmated 10 have been November /. 1850 s1.115.
379 G99 OF which 1854 1914 $50 consisted Of gold cclr
and bullion; s3i3 OO1 OF standard silver dollars
F76.O2s.7si. 81 subsidiary silver cOins; and slO,
81 III, OF silver bullion in the minis
INDUSTRIAL CONSUMPTION.
The consumption Of gold and silver IN the industrial
arts in the United STATES Is reported TO have been for
the last year approx imat"y, gold Sl66OOOOO silver
81 900. 900. OF the gold about $1,000 900 represents
domestic coin meltrd, about S3.OOo,O 900, old ana
foreign material; and SlO0O0OOO, new gold. the
product OF our mines.
OF the silver used ia the arts, not less than
10000 900 consisted ~ new silver.
LEGISLATION
Legislation f. recommended looking toward the dis
continuance III the coinage Of tho threedolsr and one