The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1891-03-25
PRECIOUS METALS.
Statistics Compiled by the d.
rector of the Mint.
Largest Amount Of Coinage in the
Governments History.

Edward o. Leech, the Director Of the
United States Mint, has submitted to Con-
yress report on the production of the pre-
:ious metals for the calendar year 1890. The
gold product Of tho United States was l.
Bs, $50 fine ounces troy, Of the value or
b32, S45, 900, an increase Of SIS, 900 over the
product Of the preceding year. The silver
product Of American mines approximated
H,5C0.0O0 ounces, Corresponding at the
average price of silver during the year to
S57, 225, ,OGO, and at the coinage value OF ST.
yer to SO, 4e4, CAS-, against a product OF So
100000 fine ounces OF the commercial value
,f S48, $50, 900, and coming value OF $o4 49,.
l84 In the preceding year, an increase OF
l,50O, 900 fine ounces III tne silver product or
the United States last year. The silver pro-
duct Of smelters and rehneries was "a, 92o,Sf
ane ounces.
Tha total value of the gold deposited at the
mints during the calendar year was S8.2l7.-
los, Of which $3l, 1884, S42 was domestic bull
lion, 81 352, ,422 foreign gold bullion, 1881
AZ foreign gold coin, S55S, ,3S6 Light weight
domestic gold coins, So, 765, 364 old jewelry,
plate, etc., and 81. .449, l4l redeposits.
Thu total amount Of silver offered for sale
10 tho Government during the year was o.
,457 fine ounces, and the amount pur-
ct,O0 0f,O
s9l, $40, the average cost being $l.O6 fine
ounce.
The coinage executed during the last cal.
sndar year was the largest in the history OF
the mint M service vice.. aggsssgaa:ip@g a @ "a fa sSs
Lows: Gold, $50, ,4e7, 1872; silver dollars,
tS8, ,O43, ,OOi; subsidiary silver coins,
81, i599O4; minor coins, 81, SS4,-
792. In addition to the coinage.
gold and silver bars were manufactured to
Che value of s3s, 593, 1893, Of which $29. 4ss COS
was gold and So, 500 silver. Gold bars
were exchanged for gold coin, principally at
the Assay Office in New York, Of the value
Of 1928. .636, ,S65. There was marked improve
ment in the price Of silver during the last
calendar year the price reaching the bigh-
est point in twelve years. The fluctuations
covered range Of 20 per cont. At the be.
ginning OF the year silver was quoted at 98
cents a fine ouncs. 1t reached $l.2l on
August 10, aud closed on December 81 at
sl.04 1-2. The average price during the
wear was: In London, $1.Q 3-5; in New
during the year the value Of the silver con-
tained in the silver dollar was 74.0S cents; at
the highest price, 92 06 cents; the average
price being 500 cents.
The total gold imports were $50, 379, 456;
exports, $24, OBS, 1853, net loss OF 49, 7l5, ~.
The total silver imports aggregated $50, 7s2,.
6S1; exports, s26, 1914, DOB gain OF silver OF
"a, 16s, ,52S.
The amount of precious metals used in the
arts in the United States during the calendar
year was: Gold, s1s, 1o5, ,90l; silver 90 2s1, ,l7a
The metallic stock Of the United STATES was
approximately, on January ] 1871: Goid,
ss4, 597, 1928; Silver, s4Se,54s. .076; total ST.
1911, 142, ,20t.
Owing to the brief time since the close OF
the last calen9!.:.i Year sas s.Atae.tHa af tns
product Of gold and silver in the world for
1890 are not complete. Complete returns,
however, have been received from
Russia, Australia. South Africa,
British India, Venezuela and q
few other countries based upon
which the Director estimates, as mere ap-
proximation, that the gold product Of the
world for the year 1890 was Sl1s, 400 000, a
falling of of s5, ,OO7, 900 from 1889; and that
the silver product Of the world ~ Tss
ounces over 1882