Kansas City daily journal. [volume] (Kansas City, Mo.) 1892-1897, 1896-12-05
LAST YEARS COINAGE
MINT DIRECTOR PRESTON'S INTER-
ESTING REPORT.
TOTAL COINAGE, S71,1ss,468.
OF THIS, $5s.s7s.49O WAS GOLD AND
S11,44O,7O1 SILVER.
Average Value of the SiIveE Dollar
Last Year Was 81 I-4c-Nct Gold
Exports More Than Double
the Net Silver Ex-
ports.

Washington. Dec. 4.-The report of r. f.
Preston, the director of the mint, shows
the operations of the mints and assay Of
fees during the fiscal year 1896. together
with statistics of foreign countries relative
to the production, coinage and monetary
condition of each
The original gold bullion deposited at the
mints and assay Offices during the year
was valued at SIS, ,769 $50. The original sill
yer bullion deposited represented a coinage
value of Sl1,6I207.
The coinage executed at the mints dur
ing the fiscal year was as follows: Gold,
SIS SIS 49O silver dollars, $500 So; subsidiary
silver S. s39 S19; minor coins, $3.50 337; total,
81, ,lSS, 46S.
There was total coinage under the act
of July IA, 1880, up to November 1, 1896. of
$50 800, Sc, with seigniorage of $l3,3e4, ,O3i;
| leaving on hand at the mints a balance or
rs D61, ,262 fine ounces. costing SIP, s65,62j.
The average London price OF silver bull
hon during the fiscal year was equivalent
to $0.6S0GT; the New York price Was S0.Ssi9l,
and the average price at the par OF eX-
change was S0675SS. The highest quotation
during the year was equivalent to $.T02A
the lowest quotation, 0.66OSl. The CONNER
cial ratio of gold to silver was l to SOS,
and the bullion value of a United States
silver dollar. at the yearly average price,
was S0.52262.
The net gold exports for the fiscal year
were SIS,904,6 ST. as against $3O,ll7.375 for the
previous year. The net silver exports were
S23 To-, ,25S as against S21,6Sl,7 ,7s9 for the pre-
vious year.
The employment of precious metals in the
| industrial arts in the United States during
the calendar year 1895 was: Gold, Sl3, -, ,0S5;
silver, $12.Z77.024.
The metallic stock in the United States
on July /, 1896 was: Gold. $59a 597. .954; silver,
s62s. .72s OIL. a total OF Sl.22S 325. .o35
The estimated production of the precious
metals in the United States during the
calendar year. 1895. was:
Fine Commercial Coming
Metals. ounces. value. value.
Gold :. "a 80 s46,61NoOo s46.61o 600
Silver e. ......55 ~, ,00O Sc 445OO0 -. 2.05I 90
The estimated production of gold and sill
yer in the world for the calendar year.
1895, was as follows:
Fine Commercial Coming
Metals. ounces. value value
Gold 80. ..... 1884 $40 $500 i0 nD0 500 4O6 OOl
Silver e. ......I6S 3OS,S53 110073.7o0 2I7,5lOSOO
The total coinage of gold and silver by
the various countries of the world was as
follows:
Gold. s2S1 1Os7.42s; silver, 1921 .61o,21s; total.
SS52, ,6g7. $50.
The total metallic stock ana uncovered
paper in the world was estimated on jan
uary !, 1895, as follows: Gold. s4.143. 7O9. 90:
fun legal tender silver, So SIS 700 ESQ: limited
tender silver. $3.50. 600: total metallic
stock, $3.50, 800 OOO; uncovered paper. S2.55S-
| 10000; grand total, SlO.9aS, ,60OO0A.
The director in his report states there IS
no doubt that the silver coins OF the United
| States are now being counterfeiteti. exactly
similar to the genuine in size, weight and