The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1894-11-30

Director Prsston's Annual Report
Coinage Statistics.
WAsnINeToN, Nov. 27.-Mr. r. E..
Preston, the director OF the mint, has
submitted to the secretary OF the treas
ury his report of the mints and assay
Offices for the fiscal year 1894.
The face value of the gold deposited
is stated 90 $240, 942. 545; $SS, 696, 951 was
of domestic production; $4,000, 525
foreign bullion and coin. and IS. 1854
old material; So O93, 615 worn and incur
rent United States old coin deposited
for recoinsge.
The deposits and purchases OF silver
during the year was 500, 400. 1926; S19.-
100 was of domestic production !;
81 1852. 800 foreign bullion and coin; $6,-
4S1, AGA worn and uncurrent United
States coin, and the remainder, $780,
036. old material.
The amount of silver bullion pur-
chased under the act of July II. 1890,
was 11.9l7 ,659 fine ounces at a cost of
$S,7l5, 522, the average cost per fine
ounce being 50 1918. The total amount
OF silver purchased under the act of
July IA. 1890, from August 10. 1S90-the
date the law went into effsct-to No
vember l, 189S-the date OF the repeal
OF the purchasing clause of that aot--
was 16S,674, SS2 fine ounces. costing
$l55. 93l .002. the average price per fne
ounce being so 9244.
The total coinage OF silver under the
act of July IA, 1890. to July /, 1894, WAS
$50. 087 .943, consuming 279l1,76S fine
OUNCES, which COST SO. ii0. 647.
The aeigniorage OF eilver coined under
the act OF July IA. 1890, to July l. 1894,
Was $6,977, 296. FROM July l, 1894. to
Novem bsr l., 1894, 81. 443, 200 was coined.
The seigniorage OF the same was 1886.
764.27. making the total amount of sill
$38,531, 143 and the total eeigniorsge
$7,766. 900.
The total coinage during the year was /:
Gold. 500, 474, 9l2.50 silver dollars, $75S; ;
subsidiary silver, $6,O24, l40. so; minor
coins, SIG. 919.26; total. $lO6. ZIG, 730. O6.
The gold coinage was the largest ever
executed at the minis of the Unised
States in any one year.
The highest price of silver during the
year WAS S0.7645 and the lowest SO. 1913.
showing 1uctuation Of $0.l725 per fine
ounce.
The net gold exports for the fiscal
year we're $40.172.655 as against $685.
1877. 275 for the prior fiscal year. The
net exports of silver for the facal year
were $3l ,04l, 35e, as against 81, sos, 1913
for the fiscel year 1898.
The director estimates the value OF
tho gold used in the industrial arts in
the United States during the calendar
year 1898 at 1888. 52S and silver at
$9,534,2 OF the gold SIS, 364, 4S2 and
OF the silver $500 30 was now bullion.
The estimated metallic stock OF coin
and bullion in the United States on July
l. 1894. was: Gold. 1927, 1913, pol silver.
1924, 347 .757, a total Of 81, 25l $40. 1858.
The production of gold and silver In
the United States during the calendar
year was: Gold, 1879, 1928 fine ounces,
Of the value OF $50, $3.50 600; silver. co.
000.00 fine ounces. tho commercial
value of the same being SAG. SOC, 900, and
the coinage valus ST. ,576, 900.
Revised estimates OF the worlds pro-
duction OF the precious metals ior the
calendar year 1898. show the came to
have been $l57 ,228. 100 in gold and $780,
1876, 900 in silver.
The worlds coinage for the calendar
year 1898 10 stated to have been $232.-
4S5,668 in gold and $135, 1856. 054 in
silver.
The director estimates the stock OF
gold in the world at the end of 1898 for
money purposes to have been So. 965, $780,
600 and silver $4,055. 100000 total
metallic stock in the world Of s8,02l,-
900 0{lC