Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1894-12-06
GOLD AND SILVER.
The Director Of the Mint Submits
His Annual Report.
The COINAGE DURING The YEAR.


EOkoo ~ Auchva8UA-&sss-
mater Submitted.
WASHINGTON, Nov. 2S.--Mr. R. Z.
Preston the director Of the mint, has
submitted to the secretary Of the treas.
ury his report Of the mints and the as
say Offices for the fiscal year OF 1894.
The value Of the gold deposited is
stated as s14O, ,o4e, ,545; $ss, ,s5l was OF
domestic production, $4,000, 5s5 foreign
bullion and coin and $3, 1854 old ma
terial; s2,093,6l5 worn and uncurrent
United States gold coin deposited for
recoinage.
The deposits and purchases of silver
during the year were 22,764,66l fine
ounces, the coming value Of the same
in silver dollars being $50, 400, S25; sls,-
777,7OO was Of domestic production,
sl,SS2, 800 foreign coin and bullion, g..
4Sl, 404 worn and uncurrent United
States coin and the remainder, s605, ,036,
old material. The amount Of silver
bullion purchased under the act Of
July "A, 1880, was ll,ol7, $50 fine ounces,
at cost Of $S,7l5, 5s2; average cost per
fine ounce being eO.73l3.
The amount Of silver purchased under
the act Of July IA, 1890, from August 10,
1890, the date the law went into effect,
to November /, 1903, the date Of the
repeal Of the purchase clause Of that
act, was lss, s,e74,6S2 Ane ounces, costing
sl5s, ,SSl, l,9Os, the average price per dne
ounce beIng so.os44. The total coinage
Of silver dollars under the act Of July
IA, 1890, 70 July l, 1924, was S36,0S7, 943,
consuming 27,sll,7es fine ounces, which
cost ss9, lloel7. The seigniorage Of
silver coined under the act Of July II,
1890, to July /, 1894, was ee,o77, ,2oe.
From July l, 1894, to November l, 1894,
S2,443,2OO were coined. The seignior-
age Of the same was $3.50, 764.27, making
the total amount Of silver dollars coined
under the act Of July IA, 1890, s3s,5al,-
l4S, and the total seigniorage 81, ,764, ,Oe0.
The total coinage during the year
was: Gold, 500, ,474, ,9l2.50; silver, S75S;
subsidiary silver, @,Oa4, ,l40.S0; minor
coius s7,a aI0 "a. total. siO8 2i6. 7so o..
The gold coinage for the year was the
largest ever executed at the mints Of
the United States in anv one vear. The
hiohest price Of silver during the wear
was No. 7645 and the lowest 80. 5o1s.
showing a fiuctuation of 80. 1928 per
fine ounce.
The net rold exports for the fiscal
year were s4.l79 865 as against $780,.
s97. s7s for the prior fiscal wear. The
net exports of silver for the fiscal year
were All 041. .a5o. as against s7.e5s.sls
Tor the fiscal wear 1893
The director estimates the value Of
the cold used in the industrial arts
In tho un;ted States during the cal.
endar vear 1909 nj sI9 se3 5ss. and sill
YER at 40 5s4 s77 OF the gold ss. 354. .4ss
and of the silver $3.50, 737 was new
bullion
The estimated metallic stock Of coin
and bullion in tbe limited States on
Iulv / was. Gold sse7 9aa sot. silver
sGoi a4- 757. n total Of 81 9s1 s4O o5s
Tbe nroduction Of cold and silver in
the United states during the calendar
vear was. Gold 1 739 a93 fine ounces.
of tbe value of Az os5 0o0. silver 60.
ooo ooo era ounces the commercial
value Of the same being s,C. 500 Ooo and
tho coin;no value S77 576 000 Revised
ast;mates ~ tbe worlds nroduction Of
tbe nrecious metals for The calendar
rear 1soa show the same to have been
s,sy @ oos i'm in oold and 5000 1ss ooo IN
s;,rar Tha worlds co,naoe for the
oa,ordar vear lsoa is stated IN have
hssn soso ia sss in cold and s1as 3ss.
VA in silver The director estimates
ia s,ooL ~ cold IN tho world at tbo
and an of lsoa for monetary purposes to
havo heer a. OAK o0o Oo0 and silver
q oS, 7oo nm a total metallic stock in
the world of 81. .09l 900. 900,
rur srcRErARy OF THE NAyy's REPORT.
WAsu1varoN Nov 2a-The most inn