The Coconino weekly sun., 1894-12-06
THE PRECIOUS METALS.
Report of the Director of the Mint-Coin-
 age During the Year.


 age During the Year.
 WASHINGTON, Nov. 2s.-Mr. K. E. Preston the director of the mint, has submitted to the secretary of the treas ury his report of the hints and the as- say offices for the fiscal year of 1894. The value of the gold deposited is stated as $40, ,942, ,545; $3s, ,696, 951 was of domestic production, $2s, 900, 525 foreign bullion and coin and S3, 11s, 42l old ma terial; g., ,O93,615 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 coining value of the same in silver dollars being S29, 409, ,s25; S19,- TT, 700 was of domestic production, S1, ,s32, 800 foreign coin and bullion, &C., 4S1, 4O4 worn and uncurrent United States coin and the remainder, S605, ,036, bullion purchased under the act of July IA, 1890, was II, ,917, ,659 fine ounces, at cost of Ss,715,522; average cost per fine ounce being $0.7313.
 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, 1893, the date of the repeal of the purchase clause of that act, was 16S, ,674, 6S2 fine ounces, costing S155, ,931 ,O02, the average price per fine ounce being SO.9244. The total coinage of silver dollars under the act of July l4, 1890, to July 1, 1894, was S36. .0s7. 943, consuming 27,9il, ,76S fine ounces, which cost $29, 110,647. The seigniorage of silver coined under the act of July IA, 1890, to July 1, 1894, was S6,s77 ,296. From July 1, 1894, to November !, 1894, s2, ,443, 200 were coined. The seignior. age of the same was S7s6, 764. P, making the total amount of silver dollars coined under the act of July 14, 1890, S3s,531,- l43, and the total seigniorage S7, ,764, ,O60.
 The total coinage during the year was: Gold, S99, ,474, 9l2.50; silver, S75S; subsidiary silver, s6,024, 14O 30; minor coins, S716, ,9l926; total, S1O6, ,2l6, ,7S0.O6. The gold coinage for the year was the largest ever executed at the hints of the United States in any one year. The highest price of silver during the year was So. 7645, and the lowest 80 O591s, showing a fuctuation of SO.1725 per fine ounce.
 The net gold exports for the fiscal year were S4, ,665, as against ss6,- s07,275 for the prior fiscal year. The net exports of silver for the fiscal year were S3l, ,04l, 359, as against S7,653, sl3 for the fiscal year 1893.
 The director estimates the value of the gold used in the industrial arts in the United States during the cal endar year 1893 at SIP, ,523, ,52s, and sil- yer at S9, 534,277 Of the gold ss, 354, 4s2 and of the silver S6,57O,737 was new bullion.
 The estimated metallic stock of coin md bullion in the United States on July was: Gold, S627, 293, ,2O1 silver, s624, ,347, ,757; a total of s1 ,25l, $40 95s.
 The production of gold and silver in the United States during the calendar year was: Gold, 1,739, 1893 fine ounces, of the value of s35, ,955, 900; silver, CO., oOO,00 fine ounces, the commercial value of the same being S46. 500, 900, and the coining value, S77,576,O ,OoO Revised estimates of the worlds production of the precious metals for the calendar year 1893 show the same to have been sl57, ,22s, 100 in gold, and s2O9, 165, ,O0O in silver The worlds coinage for the calendar year 1893 is stated to have been S232, ,4s5, ,66s in gold, and s135, ,3s6, !5i in silver. The director estimates the stock of gold in the world at the end of 1893 for monetary purposes to have been S3,065, 100000, and silver, S4, ,O55, 700, 900, total metallic stock in the world of Ss, ,021 600, ,OO0.