The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-11-03
OPERATIONS OF THE MINIS.

Director Leech Submits a Report TO
the Secretary of the Treasury.
WASHINGTON, Nov. az. o. Leech, di.
rector OF the mint, has submitted TO the
Secretary OF the Treasury a report or the
operations of the minis and assay offices of
the United States for tie fiscal year ended
June 80, 1892. The value Of ths gold de-
posted at the mines and assay offices dur
Ing the year was $66, 476. SIG, of which Sol =
I31 400 was original deposits and S., 345, SIC
rsdeposits. or the original deposits S3l,
e6I, $40 was the product Of our own mints
S24. 975, 342 foreign gold coin and bullion,
SS57, 1868 lightweight domestic gold coin
and s., 6S6, 6o4 old material.
The deposits and purchases of silver az-
xrecated n. l2l, 26S standard ounces of the
coming value Of S8S, 992 $50, of which $40, 46I
standard ounces of the coming value of
S745, 264 we're redeposits. or the silver re-
ceived $3.50, 500 standard ounces. of the
coming value of S73, As, e72 were the
product Of domestic mines and refineries
Ais, O7S standard ounces, of the coming
value of 50, 464, 672 we're foreign SILVER
bullion aud coin; 5, 593, 907 standard ounces
of the coming value of 500 pa were I'M
current domestic coins of recoinage; l, 1921
standard ounces of the coming value of
az. 236 trade dollars melted, and $50, 290
standard ounces of the coming value OF
s74O,411 old plate, jewelry, etc.
COINAGE OF THE MINIS.
The coinage Of the minis during the last ifs
cal YEAR aggregated lis, 556, 1874 pieces valued
as follows: Gold, $35, SOC 1867; silver dollars
IS, 1923, 467; subsidiary silver. S6,659 Sl2;
minor coins, 81, 1876, no; total value S5l, 1922
QT6 The number of silver dollars coined
during the fiscal year from bullion pur-
chased under the act Of July IA, 1890, was
$3.50. 1896, and from trade dollar bullion
4,87s,472, a total Of S,S29,467 silver
dollars, upon which the seignor-
age, or profit, was s93, 4S7. The
total coinage Of silver dollars under the act
of Feb. Is, 1878, TO the close Of such coinage
was s37S, 166, 1893, under the act OF 1890 20
Nov. l, 1899, S3S, 167 $40. and under the act
of March 3, 1891, $5,07S, 472, a total coinage
of silver dollars since March l, 1878, OF
$4l6, $50.
The purchases of silver by the govern
ment during the last fiscal year were all
made under the mandatory provisions of
the act Of July H. 1890, requiring the
purchase of 4,500,00O ounces of
silver in each month. The total amount
purchased during the year aggregated 81,
355, 74S fine ounces, costing $5l, l0S, COS, at
an average cost of ~ cents per fac ounce.
The total amount of silver bullion purchased
under the act Of Feb. 81 1878, from the
commencement March /, 1878, to Aug. 13,
1892, was 423. 635, SIG standard ounces cost
ing S30S, 1919 POI, an average cost Of $1.058
per fine ounce.
FLUCTUATIONS IN PRICES.
The price Of silver fuctuated during the
last fiscal year from 81 % per fine ounce,
which was the price at the beginning of the
year, to S5.5 cents March %, the lowest
price, closing June 80 at s1.3 cents, a varia-
ton OF II cents an ounce during the last
fiscal year. Since July J, 1892, the price Of
silver still further declined. until on Aug.
II. 1892, 1t reached So cents fine ounce,
the lowest price silver ever reached Since
then the price has advanced, and
at the present writing, Nov. l.
1899, il ia Sc cents per
fine ounce. At the lowest price of silver
during the fiscal year, the commercial value
of pure silver contained In a silver dollSr
was 66 cents; at the highest price it was 49,
cents, aud at the average price 72.4 cents.
The number of silver dollars distributed
from the minis during last fiscal year was
9,401 .920, being 3,S00874 less than in the
previous wear