Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-11-06
NATIONAL MINT DROPS

| Figures of Interest from the Annual Re-
| port of the Director of the Mint to the
| Secretary of the Treasury, Showing the
Product and Disposition of the Precious
Metai-The Coin ige of the World for
the Year, Etc.
| WASHINGTON, Nov. 2.-Edward u.
Leech, the Director of the Mint, has
submitted to the Secretary of the Treas
ury his annual report of the operations
OF the bureau during the fiscal year
ended June 80. 1881 The report pre-
sents some very interesting statistics
bearing on the coinage. production and
distribution of the money metals of the
United States and other countries, from
which the following extracts are made:
The value Of the gold received was $40, 22S,-
e23, OF which $40. 414 81 was domestic bull
ion -! 81 7nG for, ign DIN and ullon, 3d.
4fi light weight domestic gold COINS, 81, AZ
bI3 Old plate, jswclry, etc, and sc, o65 49, re.
deposits
Tie silver aggregated 81, iS3,7ss standard
ounces OF the coming value of S53 $50. 13o OF
which = 81 1882 was domestic bars, 1894, 106
foreign silver bullion, S1.229, 7s4 foreign sill
yer coins, ,ss3 unGercurrent subsidiary
coins, 500 trade dollars, 63i,43o Old plate,
Jewelry, etc, and 1870, 4l6 redept sits.
The co mage during the year was the
! largest in the history of the mint, aggre-
eating ll2.G95,0Il pieces, valued at St PSI 436.
The value of gold pieces coined was s29, d.
14S so; of silver dollars, $35,92'sI6; of subSid-
larry silver, sS9I, 02L 10, and minor coins, ST.
416 sol 7S.
Gold and silver bars were manufactured
as follows: Gold, S23. I.453.3i silver, $1,oi1,-
$3.50; total. $50 3s7. 79i.li
The imports and exports of the precious
metals during the ii seal year aggregated as
follows: Gold: Imports, s13 o., 1f6. ex-
ports, Si1,35o 49,; net loss, S4,253.047. Silver:
Imports. 27.5lI.I41; exports. 5 6069, fo2; net
loss, sS,54j, $50 The total amount of silver
purchased during the fiscal var for the
coinage OF silver dollars was I,9I2, i'll stand
ard silver ounces, costing S256, 1895, an
average of 9ifS cents per ounce.
From the Close of the fiscal year to Au-
gust ID. the date the new silver act went into
effect, the amount OF silver purchas I'd was
5,iOS 1873 standlrt ounces, sSting :3,049,
426, The total purchases of silver for
the coinage of silver dollars from March
l. 1878 to August Y, 1899, 323, SIS
standard ounces, COS Jag :3lo 10 PSI,
average of Sl.05.S per fine ounce The
amount OF silver bullion pun c.lases under
the act of July IA, 1890, which went into
effect August Is to October H. has been H.
2f3, IS fine ounces ut cost of $l4 ,0aS, 1853,
average of s11l34a per fine ounce.
The scigniorage on tine coinage of silver
dollars during the year aggregated 1885,,
4l6, and on subsidiary silver $3.50 IA total of
$685., 066. The net profits on the coinage of
silver during the II years ended June 20.
1880, including the balance in the coinage
mInts July l. 1875 has been $65, 6, ,O5741. The
number of silver dollars distribut ID from
the mints during the fiscal year was II, 423,-
$50 There was Il marke d Improvement the
price of silver during the last fiscal year At
the commencement of the year the price
was AZ pence Per ounce, and at the close ABA
pence, an advance of 584 pence, equal to
l26 cents. The ayerag, price of silver for
the fiscal year was 96 SS3 cents per fine
ounce.
Since the close of the fiscal year the fiuct-
nations in the price of silver have covered a
wide range. TO July IL, the price advanced
q *IGS an ounce, and to August Ii to l IL
per ounce. The highest price reached in
New York was Sl.21 August 49, and in
London SIS pence, equivalent to sL19S4. IN
September 3. The price in New York did
not vaiy materially from the 18TH of Auguse
to the 3d of September, when Il decline took
place, extending, with occasions slight adj
Vances, to the present price, SLOT.
The prices of silver London at the date
of the passage of the act of February %,
1878, was 81 cnce, equivalent to sI.2J per
fine ounce. From that time until May 10,
1883. when the lowest price was reache |, the
decline in the price OF silver was, with
slight intermssions, uniform, the lowest
price reached being ass pence, equivalent
to 9l.2i cents per fine ounces. The Di-
rector of the Mint estimates the stock of
metallic money in the United Stltes on July
!, 1890. to have been: Gold, S645. 5G3,0-9; sill
Yer, Si63, 1,9y. Total LIS, TABS.
The total amount of metallic and paper
money in circulation, exclusive of the hold
ings of the Treasury on January 30, 1897,
was $1,435,610,6I2, a per capita of S22. 90,
against $3.50. 41S,ISI at the commencement
of tie fisc Il year, an increase in circulation
of 500 1851.
The number of silver dollars in circula-
tion June 30, 1899, was 56.27S 7i9, against 81
1929 at the common cement Of she year.
while the number of silver dollars owned
Il tl,n.
silver certificates in actual crcnlation-ag-
gregated s53 S3i,98i, against 3li,6ll,s6i at
the commencement of the fiscal year. The
mum Der OF silver dollars owned by the treas
ury June 3D. 1892, was 15,59l,479, against H.
SS9,7G on July l. 1897.
The value of tn. precious metals used
during the last year in the industrial arts in
the United States was approximately: Gold,
S1660 GOO; silver, $S,757,0)0; of which $685.
S27 gold, 81 ,297, 933 silver was domestic gold
and silver bullion.
The product of gold from the mines of the
United States during the calendar year wa
$23 10000; silver, 5000 900 fine ounces OF
the commercial value of SAG. 100000 and coin
ing value Of $6l,6i6 46i.
The product of the mines and smelters of
the United States during the same year was:
Gold, 2,227.S62 troy ounces; silver, tO,256 469
troy ounces.
Revised tables were presented showing
the product of gold and silver in the world
IT. 1887 gold, sos "a, 900; silver, SPA 3o4 900;
1883, gold, S1l0,2i40Op: silver, $140,7s4 900;
1889, gold sl21, ,'0G; silver. sl61, 3ls oo,.
The coinage of the world for the same call
endar years was as follows: In 1877, gold,
$l2i ,99!,465; silver, S163, All ,397; 1885, gold,
$l34 S-S,sjj silver. $lsf922,3li; 1889, gold.
$16S 90l $40; silver, $135, ,2064
The total expenses OF the mint service
during the year aggregated 81, 319,436 The
total earnings from all sources were S1O,S19-
S57, and the total loss and expenditures ST.
SIS 9!7 leaving a net profit of earning. over
expenditures during the fiscal year of g, 232,-
92a
Director Leech reviews the COMA &c Iegis
lation of the Fifty first Congress and rec
ommends the following measure for the ac-
ton of Congress; Repeal or modification of
the act of May rs, 1882, authorizing the ex-
change of gold bars for gold coin Recon-
age of the subsidiary coins in the Treasury.
The use of the proceeds of by products of
the acid refineries for the EXPENSES of tho
same. new mint at Philadelphia.
Copper in New Jersey.
New YORK, Nov. Cooper has been
found on farm at Middlebush, a few
miles from New Brunswick, n. j. A !
quantity of ore was sent to this city for
yesterday which assays thir- |
ty per cent. of copper. The farmers in |
the vicinity are examining their fields |
with the hope of striking vein.
The Petersburg Battle Field and Land /
Improvement Company Organized.
PETERSBURG, Va, Nov. 2.-The Pc
terShurC Rattle Field and land Inn