Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-12-05
GOLD AND SILVER.
Repori of II. y. Prrstnn. Director of
tho Mint.

WASHINGTON, Dec. 4.-The report OF
IL. h. Preston, director OF the mint,
SHOVE that the original gold bullion de-
posted ut the minte ami asesy Offices
during the year was valued al SOS, 769,
1888. Tho original silver bullion de.
posted represented a coinage value OF
81 ,072,077. The purchase VI silver bul.
non Tor subeiuinry coinage wss 1884,
57S fne ounces, costing Sl22, 429.
The coinage executed at the minis
during the fiscal year was as ioliowt:
Gold, sos, 1878, 400; silver dollars, 7,700.-
SS2; subsidiary silver, $3.50 ,Sl9.
m,uor coins, sS09,S77; toiaI, 81, 1885,.
52S.
There was total coinage under the
act OF July ID, 1890, up to November /,
1896, Of 500. 1861 with a ssigniorage
OF Sl3,3O4, UoB, leaving on hand at the
mints u balance OF 126. 06l ,262 fine
ounces, costing SIZE, S05, o25. The bal.
ance on hand July l, 1896, available for
subsidiary silver coinage was ,l6l, 70s
foe ounces, costing Sl,5l4.520.
The total amount OF miaor coins
Issued by the mint at Philadelphia
since 1892 to June 80, 1895, was S27.
sis, JOY. OF this smOunt S2,3S2, 46l
has been remelled, leaving S25, 435, $40
ss the total amount outstanding on
June 30, 1896. Deductipg tue balance
on hand at the miuis, July /, 1875,
the net seigniorage or profit on the
coinage Of silver from tnst date TO
June 80, 1896, was S7S, As sos.
Gold anu SILVER bars were manufac-
iured at the mint anu assay office dur
lug the fiscal year az follows: Gold,
s53, 42s 1872; silyer, $780, 54,
The average London price OF silver
bullion during the fiscal year was
equivalent to S0.6S0O5; the New York
price was S0.GSi0l, and the average
price at the par OF exchange was
SO,67bS6. The highest quotation dur.
Ing the year was equivalent to
sO.IO2O4, the lowest quotation 50 660Sl.
phe commercial fatio OF gold to
silver wss ! TO 80 5S, and the bullion
value OF U Dited states silver dollar
at the average price was 50 52262. The
number OF grains OF pure silver, at
the average price, purchasable with q
United States silver dollar was no.
equivalent to ! 479 fine ounces.
The net GOLD exports for the fiscal
year were SIS, 90i ,5l2, as against $780,.
ll7,376 for tue previous year. The net
silver exports were $33, 262,25S, as
81. 63l, 7S9 for the previous year.
Ine employment OF precious metals
In the industrial arts in the United
States during the calendar year 1895,
wts: Gold, sl3, i29,Os5; silver, ST..
777,U24.
The new material consumed in the
manufacture OF these bars was: Coli,
IS, ISL .729; silver, s9,S25,SS7.
The metallic stock IN the United
Stnlee on July 1886. was: Gold,
1888, 597, 1854; silver, $500, 72S,07l. A
total OF 81 ,22s, 326, 035.
PRODUCTION OF PRECIOUS METALS.
The estimated production OF the
precious metals In the United States
during the calendar year 1895, wal:
$780, Fine Commercial Coming
Cola 900 e,2s4,lCo s,6,Gia 600 s,dGi 200
silyer.... 55,574,OUo 3G.ilb,oOO 5!V5i,vSS
The estimated pit duction of gold and
silver In the world for the calendar
year 1895, WAS as iolIUwt:
Fine Commercial Coming
Gold 49,. S.t9i,6iO s.tCi'G.ooo ,2oS.sS.ooo
SILVER. ..ios. aVs.st5 nO,Gs.7CO 2i7.5i0,s'O
The total coinage o. gold and silver
by tae various countries OF the world
was as follows:
Gold, 1921 ,0sS, 43S; silver, Sl2l, 6lO,-
2l9. Total, $685., b9s. 657.
The total melsIiic stOck md unc0y.
cred paper in the world was estimated
on January l, 1885, ss follow:
ul legal tender silyar.... $3.50 5eO 900
Limited tenaer siivor.........-.... ~ 100 900
Iothl metAlnc stocE.,.,s.,........ $3.50 GOO 900
llucONpreu
Grand total. .y5s 90, 900
The director in hrs report states there
ls 10 doubt that the silver coipa OF the
Quilted States are now being counter
ieited exactly similar TO the genuine
size, weight aud devices. Some OF
these coins canuut DO distinguished
from the genuine even by experts. A
very dangerous counterfeit silver half
iollar has made Its appearance In the
East and Wosi, the weight OF which ~ |
I92 graine, with q 6neness of s87},
while ths weight OF ihG geuiue Ia 1872 . |
II the fineness q 800. The prom, t. |
he counterleiter l. now about 100 per |
per cent. So far the best known pIo.
cotton against the counterieitinK Of |
,oint has bseu found to le the lelterinp