New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-01
N-ORE OF THE MINT SERVICE
ANIMAL REPORT OF TIE DIRECTOR.
THE COINAGE LAST YEAR THE LARGEST IN
THE HISTORY OF THE MINT -FLucTUA'

TIoNS IN THE PRICE OF SILVER
Washington. Oct. 31.-Edward o. Leech the III
rector OF the Mint has submitted To the secretary 's
Treasury report OF the operations % the MINIS CIV,
ASSAY Offices for The fiscal wear ended June ~
Tho value OF the gold received was Si922o'o-o % ;
NJ which $40 47a 900 % was domestic bullion @'"'o
7o6 o2 foreign coin and bullion. So'''f'f w ~
weight domestic gold co'ls, s3542oi3 - VI" p'''''
iewelry. etc. ard sc. 565.2S 30 redeposi'N'
Tho silver aggregated 81 43s7S5i1 standa,u so
of the coming value Of Si3 565l33 10: OF woh pa
-oc ooo q, rss domestic bars S2.394,1o 10 foreign
oliver bullion. sl229.7 $40 foreign SILVER co"s'
$50. $50 "a uncuIrent subsidiary coins Sooio ~ tc
dollars $3.50 $50 % old plate, jewery, ETC. ana F"-0'
4I6 - redeposs. ,,.., ~, ola,
r,. .o,,acc WAS the largest in the history OF the
mint asgresating 1l2G9sO'i pieces as 'oiio"s "o.u
,,- o0- uicces value 5000 Las; SILVER ooiars'
m o,a s1e nieces value $50 923,slG subsidiary silver
. : "a oGo nisces value 1892 020; minor CONS, 3D.
SEQ 20 pleces value s1.416,S3l; total, 112,oo5o'l
pieces : value, s6O.2J4431' ~
Cold and silver bars were manufactured as follows
Gold. sa3 34s, 433 silver. s7Oi3,3os; total S'o'-
3s1 701. L.. .,
,;o,d bars were exchanged for gold CON- free OF
charge of the value of sIG.357 ,G77. The imports and
eyno,,s OF the precious metals during the fiscal year
aggregated as follows; -. To-,
Imports; @, ES5 l" ,.a sa Ne, iSs;
S SiI,er 27.5o4IA7 3G,odo,eO2 o,1i"'fo'
The total amount of silver purchased during the
fiscal wear for the coinage Of silver dollars WV
3O9Iolll standard ounces. costing S2oso"''-"' al
average of SO96G8 per fine ounce FROM ''c tio'0 W
the fiscal wear to August 49, the date on WHO" 'i0
NOW silver ac, went into effect, the amount OF silver
nnrch,sed was 3les,1s9 standard ounces. eOsuhs
80 o4o 4a6 The amount of silver bullion purchased
u,dsr the act of July IA 1890 which went l'o ehco'
Aucust IA 10 October 81, has leen 12,2'0o'o me
mpces. at cost Of Sl4O35,l6S. an average Oh
Sl.l4349 per fine ounce
There was marked Improvement in the pr'oe Vi
silver during the fiscal year. AT the beginning Vi
the wear the price was AZ pence. and at tic close
d. 81 an advance OF "a pencc, equal 10 gull DIV
The average price OF silver for the fiscal year was
so 96. Ss3 per fine ounce.
since Tie close of the fiscal year the nuctlauohs ia
tle price of silver have covered wide range 10
July IA the price advanced 10 81 % an OUNCE anu "
August 10, &c 81 10 per ounce. The highest price
reached in New York 81 81, on August " anu J"
London "a 5.S, pence, equivalent 10 81 ~ 80 OH
September g. The price In New-lorK ala ho' vary
materially from August 10 to September D. when
decline took place extending, with occasional silgh'
advances 70 the present price 81 90 The price OF
silver in London al the date of the passage oil e ae'
of February IS 1878, was % pence, equivalent "
81 2oS per fine From that time ahui May w.
1855 when the lowest price was reached the decline
in the price of silver with slight intermssiohs
equivalent TO so 9124 per fine ounce.
The Director estimates the stock of metallic money
IN the United states July !, 1890, 70 have been
Gold. $685., 563 O29; silver, si63,2ll,0l9; TOTAL
s1.15s, 713,948. The total amount OF metallic ana
paper money in circulation exclusive of the holdings
of the Treasury June so, 1890 was 81 ,d3361O
a per capita of 81 o. against 81 ,3oo4lsO9, at the
beginning of the fiscal year, increase in circulation
of S55,19o,521.
The number of silver dollars in circulation June 80
1890 was 5627s .7s9. against 544SI 2S9 at the beg
ming OF the year. Willie the number OF silver collars
owned by the people, that is silver dollars and silver
certificates in actual circulation, Aggregated &303,s34
os7 against s3ll sG4 at the beginning of the fiscal
wear The number Of silver dollars owned by the
Treasury June 30. 1890, was 13,1ol ,47S against H.
The value Of the precious metals used during the last
year in the industrial arts in the United sa se C ws
OF which $50, s27 gold and $7297,932 silver was
domestic gold and silver bullion. ,-,,.,
The product OF gold from the mines OF the United
States during the calendar year 1883 was go
silver, 90 fine st qa. y poSus Of
the mines and smelters Of the United states during
the same year was Cold I527 s9s troy ounces slef
showing the product Of gold and silver In the world
during the calendar years 1887 1855 and 1851 its
follows
Fine Commercial Coming
1857 900 &C. 600 ss4 c@s 600 s1a4 Soi 900
1855 600 IOs sse 900 1O2 PAS 600 I40 900
1850 I2I l62 900 1o4769 900 1854 900 16l31SOoo
The coinage OF the world for the calendar years
was as follows 1857, 1924 ,992, 4O5 gold, and Sl83
all 1897 silver; 1858, $134, s2s.o55 GOLD, anu Sl34
922 344 silver; 1859. $I6S,9O1.519 gold, and $l3o
oO2O84 silver. The reconages reported to the
Bureau were a. follows 1855 125, 500 O61 gold, and
sl3,616,249 silver; 1888, l7.s15,766 gold. aud
SIS G5l 30. silver The total purchases Of silver for
the coinage Of silver dollars from March 1879. 10
August L. 1870. 1923 635 o7610 standard ounces,
costing S3Os. l99 o6I7I, average Of 81 o5.o per
fine ounce.
The total expenses OF the Mint Service aggregated
81 81 .436 Tie total earnings from all sources
SIC, e57 and the total loss and expenditures
81 576,92s, leaving a net profit of earnings over
pendtlues during the fiscal year Of 50 $4,000
The Director reviews the coinage legislation Of the
Mint Congress- and recommends the following measures
for the action of Congress Repeal modification Of
the act of May 26 1882 authorizing the exchange of
gold bars for gold coin Iecoinage of the subsidiary
Coins in the Treasury the Of the proceeds Of by
products Of the acid reinees for the expenses of the
same, and u new mint at Philadelphia