The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-11-28
WORK OF THE MINIS.
Director Preston-s Annual Report
Gold and silver Coinage.

IL
Gold and silver Coinage.
WASHINGTON, Nov. A.--Mr. r. L. Pres
ton. the director OF the mint has submitted
10 the Secretary of the Treasury his re-
port on the mints and assay Offices for the
fiscal year 1894 The value of the gold de-
posted is stated at $1409i2. .545. Of which
ssg, ,sss SOL was of domestic production. KS
COZ. .525 foreign bullion and coin, S, G1 old
material. and S2,09s6l5 worn and uncurrent
United states gold coin deposited for re-
coinage The deposits and purchases or
silver during the year were e.
74s61 fine ounces. the coming
value OF the same in silver dol
lars being S2S. 409, ,Sz5. OF which s,77.7W
was of domestic production. s1,ss2.sso for
eign bullion and coin. $S.4sl,4o4 worn and
uncurrent United States coin and the re-
mainder. ss05,0s6 old material.
The amount OF silver bullion purchased
under the act of July Ia, 1890. was n.si7.-
6s9 fine ounces. at a cost of $Ssi5.53l- the
average cost per fine ounce being 1913
cents The total amount OF silver pur-
chased under the act OF July IA, 1880. from
Aug. 1s iS30-the date the law went into
effect-to Nov. I, 1sss-the date OF the re-
peal of the purchasing clause OF that act
was lss. .6s2 fine ounces. costing si55.ssl.
0Ca. the average price per fine ounce being
~. cents.
The total coinage of silver dollars under
the act of July H. 1890. 10 July I. 1884, was
500 943; consuming zzsil.76s fine ounces.
which cost $29.li06F. The seigniorage on
silver coined under the act of July L. 1880.
TO July i. 1884, was ss.sT,29s. From July
l. 1894. 10 Nov. I. 1894. 2.443.2o0 dollars were
coined. The seigniorage on the same was
~ a. .tf
dollars coined under the act OF July IA
1880. 3s 5S1,1f3 and the total seigniorage S.-
764 o6e The total coinage during the year
was
Gold $S,4fi,slz ~
Silver dollar rs;....-..-..-.....-..-. sss .s :"
Subsidiary siyer.-..-...-..--..--. o,z4.l0D
Minor coins ho,sts1o
Total .slo6. .sle. TOO
The gold coinage for the year MSS the
largest ever executed at the mints OF the
United States in any one year
wear was 7s45 cents, and the lowest S. IS
showing fiuctuation OF 17.3 cents per fine
or-ce.
were si.l72.6 .6s5, as against sss.ss7z75 for the
prior fiscal year. The net exports Of silver
,,ans for 5he sss yesr for the %srs scs Ssss m
The director estimates the vale OF the
gold used in the Industrial arts In the
is5s a''s az sis5ssses, and silver at @ss4z7i; OF
the the gold ss.35i, ,iSs and OF the silver $3.50 ~
was new bullion The estimated METALLIC
stock OF coin and bullion In the United
States on July !. 1894. was: Gold. <sz7. 80
2oi: silver, s624.3i7. .s57; a total OF N,e5l. .sto
95s
The production OF gold and silver in the
United States during the calendar year
was: Cold 1.z39.323 fine ounces. OF the value
of <ss. .s55. .0oo; silver, 100000 fine ounces.
the commercial value of the same being
sl6 500 900. and the coming value $77.5760oo.
Revised estimates OF the worlds produc-
ton Of the precious metals for the calendar
year 1898 shows the same to have been
$i57 22s. 100 in gold. and SOC $4,000 in silver.
The worlds coinage for the calendar
year 1893 Is stated 10 have been se32 <S5 SIS
In gold and $l3S.3ss.753 in silver. The di-
rector estimates the stock of gold I'm the
world at the eld OF 1896. for monetary pur.
poses. 10 have been So Sc. 10000. and OF sill
yer sf.o55, ,so0, 900; total metallic stock IN
the world Of SSo2l, ,6oo.00o