Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1894-12-01
WORK OF THE MINT.
Director Preston submits Ills Annual
Report to Secretary Carlisle.

Director Preston submits Ills Annual
Report to Secretary Carlisle.
WASHINGTON. Nov. 2s.-Mr. r. z.
Preston, the director OF the mint, has
submitted to the secretary OF the
treasury his report Of the mint and
the assay offices for the fiscal year
1894. The value Of the gold deposited
is stated rs Si40, 0ia .5i5; S3s, COG, 951
was of domestic productions; sas, 900, 5a5
foreign bullion and coin. and 80. 49,
4ol old material; 1908 6l5 worn and
uncurrent United States gold coin
deposited for recoinage.
The deposits and purchases OF
silver during the year was ~, 7lG, GGl
fine ounces, the coming value of the
same in silver dollars being SEQ. 4O3,-
sa5; sl0,77., 700 was OF domestic pro-
duction, Sl,s32, $50 foreign bullion
and coin, s6.4sl i04 worn AMI incur
rent United States coin, and the re-
maIndtr, sG05. 03G, old material.
The amount Of silver bullion pur-
chased under the act of July II, 1890,
was ll.9l7, $50 fine ounces, at cost Of
ss.7i5, 5aa: average cost per fine Dunes
being S0.13l3.
The total amount OF silver pur-
chased under the act Of July II. 1880.
from August l3. .s9o-the date the
law went into effect-to November /,
ls93--the date Of the repeal Of the
purchasing clause of the act-was
los, GA. 6sa fine ounces. costing Sl5j.-
93l, OO2; the average price per fine
ounce being s0.9244.
The total coinage OF silver dollars
un er the act of July II, 1890. to July
!, 1894. was $50, 0S7. 943. consuming
27,9il, 7Gs fine ounces, which cost
geo. 1864. The seign.orage. OF sill.
yer coined under act OF July II. 1890,
to July /. 1894. was S6.971.a96. From
July /. 1894, to November l, 1894,
2.4i3. 200 dollars were coined. The
seigniorage OF the same wos $780,
76i27, making the total amount of
silver dollars coined under the act Of
July II, 1880. 80, j3l. li3, and the total
seigniorage S7,7Gi,060.
The total coinage during the year
was: Gold, 500, 41i, 9l2. 80; silver dollars,
75s; subsidiary silver, s6,O9l, 40. 30;
minor coins, S7l6,9l9.a6; total, slOj,-
2l6, 1906.
The gold coinage for the year was
the largest ever executed at the
minis OF the United States in any one
year.
The highest price Of silver during
the year was So 164j and the lowest
50 59ls. showing fiuctuation CT
so. l125 per fine ounce.
The net gold exports for the fiscal
year were 81, l7a.665 as against $780,
s97,2,5 for the prior fiscal year. The
net exports OF silver for the fiscal
year were S3l,oii3j9 as against
s7,653. si3 for the fiscal year 1898.
The director estimates the value Of
the gold used in the industrial arts
in the United States dur ny the cal
endar year 1893 ut Sl2. sea, 52s and
silver at 81. 534 o77; of the gold IS. 35i,-
4sa and of the silver 81 570,737 was
new bullion.
The estimated metallic stock OF coin
and bullion in the United States on
July I, 1894, was: Gold, sGa7. 293, col;
silver, 1924. 3l7, 757, total of Si,25l,-
Si0,95S.
The production OF gold and silver
in the United States the calendar
year was: Gold, l.73J, 3a3 fine ounces
Of the value Of $685. 900; silver, co.
000. 900 fine ounces, the commercial
value of the same being $40, 800, 900
and the coinage value ST., $40, 900.
Revised estimates of the worlds
production of the precious metals for
the calendar year 1893 SLOW the same
to have been sl57,s2s, 100 in gold and
500. los, 900 in silver.
The worlds coinage for the calen-
dar year 1893 Is stated to have been
se39, ass, 1868 IN gold and sl35, 3s6,75 in
silver.
The director estimates the stock Of
gold in the world ut the end of 1898
for monetary purposes TO have been
50. 965. 900, 900 and silver s4,O55. 700. 900;
a total metallic stock in the world Of
s., Oal, 600 O0o