The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1894-11-30
THE PRECIOUS METALS.
Report of the Director of the dint-Coin-
ago During the Year.

Report Of the Director Of tho Mlnt-Coin-
ago During the Year.
WASHINGTON, Nov. 2s.-Mr. r. E.
Preston the director of the mint, has
submitted to the secretary of the treas
ury his report of the minis and the as
say Offices for the fiscal year of 1894
The value of the gold deposited is
stated as SAC, 942, 545; $Ss, COG, 951 was of
domestic production, SOS, 600, SOS foreign
bullion and coin and Ills, 42l old ma
terial; So, O93,61 worn and uncurrent
United States gold coin deposited for
recoinage.
The deposits and purchases of silver
during the year were 22,764, 661 fine
ounces. the coming value of the same
TIT, 700 was of domestic production,
81, s32, 800 foreign coin and bullion, So
4s1, 4O4 worn and uncurrent United
States coin and the remainder, S6O5, O36,
old material. The amount of silver
bullion purchased under the act of
July IA, 1890, was II, OF, $50 fine ounces,
at a cost of s., Ills, 522; average cost per
fine ounce being SO7a13.
The amount of silver purchased under
the act of July IA, 1890. from August 13,
1890, the date the law went into effect,
to November 1, 1898, the date of the
repeal of the purchase clause of that
act, was 6s.674, $50 fine ounces, costing
$155, 931, 002, the average price per fine
ounce being SO.9244. The total coinage
of silver dollars under the act of July
IA, 1890, to July 1, 1894, was $50. Os7, 943,
consuming 27,9i1, 76S fine ounces, which
cost $50, 11O,647. The seigniorage Of
silver coined under the act of July IA,
1890, to July 1, 1894, was $6,977, 296.
From July 1, 1894, to November 1, 1894,
So, 443, 200 were coined. The seignior-
age of the same was S7s6, 764.27, making
the total amount of silver dollars coined
under the act of July IA, 1890, S3s, $751;
143, and the total seigniorage 81, rs, O6O.
The total coinage during the year
was: Gold, 500, 474, 912. SO; silver, S75s;
subsidiary silver, 5000. 14O 80; minor
coins, SIG, 919.26; total, $1O6, ZIG, 73O. O6.
The gold coinage for the year was the
largest ever executed at the mints of
the United States in any one year. The
highest price of silver during the year
was so. 7645, and the lowest So 591S,
showing fluctuation of $O.1725 per
fine ounce.
The net gold exports for the fiscal
year were S4,172, 665, as against $780,
s97,275 for the prior fiscal year. The
net exports of silver for the fiscal year
were s31, O41, 1859, as against 1868, s13
for the fiscal year 1898.
The director estimates the value Of
the gold used in the industrial arts
in the United States during the cal
endar year 1898 at S12,523, 52s, and sill
yer at SO, 534, 277 OF the gold So, 354, 4s2
and of the silver S6,57O,737 was new
bullion.
The estimated metallic stock of coin
and bullion in the United States on
July 1 was: Gold, S627, 293, 2O1; silver,
s624, 347. 757; total of S1,251, siO,95s.
The production of gold and silver in
the United States during the calendar
year was: Gold, 1,739,323 fine ounces,
of the value of $50, 955, 900; silver, co.
OOO,OO fine ounces, the commercial
value of the same being SAG, 500, 900, and
the coming value, 1876, 900. Revised
estimates of the worlds production of
the precious metals for the calendar
year 1893 show the same to have been
1857, 22S, 100 in gold. and 500, 165, 900 in
silver. The worlds coinage for the
calendar year 1898 is stated to have
been $685., 4s5, 66s in gold, and Sl35, $780,
754 in silver. The director estimates
the stock of gold in the world at the
end of 1898 for monetary purposes t.
have been $3,965, 100000, and silver
81 ,O55, zoe. 900, total metallic stock in
the world of Ss,O21 600, 600.