New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-02-27
INTERESTING FIGURES COMPILED BY THE
DIRECTOR OF THE MINT.

INJECTOR OF TIE MINT.
Washington, Feb. 2G.-Edward o. Leech, the Director
Of the Mint, has unlimited to Congress a report on the
production OF the precious metals for the calendar year
1880. Tie cId product Of the United states was
I.5ss,es0 fine ounccs troy, OF the value of $32,si5.-
GOO. an increase Of $4,000 over the product Of tho
preceding gear. The silver product Of American mines
app@pXimatcd 5i.o0O,000 ounces, corresponding at the
average price o. silver during the year TO 957,225.O 600,
ard at the coming value Of silver to $7O,iGi,'i1.
against a product Of jO,O0O.OOO fine ounces of the com.
mcrc!al yal1e Of siG.75O,00o. and coming value Of
$GtfcLiG4 in the preceding year, an Increase Of
100000 fine ounces in the silver product of the
United statcs last year. The silver product Of shelters
and reGncries was 81. 800, 927 fine ounces.
Tie to.al value Of the gold deposited Mt the mints
during the calendar year was sj6,217 100, Of which
81. 23i.3l2 was domestic brit ~, S4,3j2,422 foreign
gold bullion, s5.s57.ii7 foreig. gold coin. $555,386
lght weight domestic gold coins, $3,765,3d4 Old
jcyelry. Plate. etc. and a~7.4i0,14l r~edeposltS.
The total amount Of silver offered for sale to the
Government dnrlng the year was G6,l3O,1J7 fine
ounces. and the amount purchased 81 .594,373.75 fine
OInccs, costing $780, 91, 10, the average cost belns
81 OG q fine ounce.
The coinage executed during the last calendar year
was the largest in tho history OF the Mint service. aG'
~gfceating 12i.02j,3d3 pieces OF the value Oh 0l'o'i-
So 81. ~ follows: Gold. S20A67,152; silver dol
lars. S35.Ol3COi; subsidiary silver coins Sl'l10'"Oi'
minor coins. 1854 02. In addition TO the coinage
gold and silver bars were manufactured to the value
~ 37,5931 los. II which 800, 406, 1906 was gold and
1904. J92 silver. Gold bars were exchanged for gold
coin, principally at the Assay Office in Ne"-lork.
OF the value Of 1913. C3G. $50. There was a marked
Improvement in the price Of silver during the last
calendar year. the price reaching the highest point
In twelve years. The fluctuations covered a range
Of 20 per cent. At the beginning Of the wear silver
was quoted at % cents a fine ounce. 1t reached
81 II on August 10. and closed on December 81 at
~ OF Il. The average price during the year was:
In London. 81 "a 30: in New York, 81 0j. AT the
lowest price reached during the year the value OF
the silver contained in the silver dollar was 7i.a cents:
at tho highest price, 02.G cents the average price
being 500 cents.
The total gold imports we're S2O.379,456; exports.
S2f,O95, los, a net loss Of S3.715,7l2. Tho total silver
imports aggregated S3O,7a2.531 exports, $26,6l4'Oo3'
a gain Of silver of 3i,1Go,5@7.
Tho amount Of precious metals used In the arts
in the United states during the calendar year was;
Gold. al4.1O6 sol silver, 1921 ,178. The metallic
stock Of the United states was. approximately, on jan
uary /. l-0I: Gold. S7Oi,5 9T rs; silver, @io6,o4o,-
O76: total. i .l0l ,l42,2Oi.
owing to the brief time since the close OF the Isl
calendar year the statistics Of the product ,ot gold and
silver in tho world for 1890 are not c%ompl:te.. .oh-
plctc returns. however. have been received from
Russia. Australia, south Africa. British India,
Vcnczucla and a few other countries baScd upon
which tho Director estimates, as a mere approXinla
ton. that the gold product ~ the world for the veal
1880 was 91ls, 100000, a falling on Of Fi'ooIu,H
from I--0: and that the silver product OF the woIIl
was 13O.G3O,OOO tine ounces, an Increase Oh "o10'0'o
fine ounces over 1850.