The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-10-19
SHERMAN ACT BULLION USED.
MILLION STANDARD
DOLLARS THE OUTPUT AS
OFFICIALLY REPORTED.
WORLDS TOTAL MONEY SUPPLY
Estimated by the Director of the
Mint at Eleven Billions OF
Dollars.

secretary OF the treasury his report for
the fiscal year 1897, covering the opera
lions Of the minis and assay offices,
together with the statistics Of foreign
countries relative to production, coin
age and the monetary condition of
each
The value of the gold deposited at
the minis and assay offices during the
fiscal year 1897, cents omitted, was
S129, 1O5, 800; of this amount S7,O0S, 337
were original deposits, and $42,102, 1852
re-deposits.
The original deposits were classified
as follows:
Domestic bullion ..................S6 $50, 6lS, 2Ss
Mut.lated and uncurrent domestic
Fc coin bullion and coin 35 S5s 81
Old plate and jewelry ............. 2,Sol, ZUo
The coinage value of silver bullion received
during the year was $9.725, O22; of this am
cunt, SO, 4O7, 623 were original deposits, and
the remainder 1854, 1898, re-deposits.
The original deposits were classified as fol-
lows:
Domestic bullion ..... "a ,961, 799
Uncurrent domestic coin .... z,S56 ol lS
Foreign material go. .............. $40, 272
Old plate and jewelry ..... ......... 6l25S2
The purchases of silver bullion for
subsidiary silver coinage, under the
provisions of section 1926, Revised
Statutes of the United States. aggre-
gated 259, 248 fine ounces, costing $l7l,-
455.
The face value of uncurrent domestic
gold coin, received at the minis and
assay Offices, was $1,025,121; of this
amount, $623,751 was transferred from
the treasury for recoinage, and the
remainder, $4O1,370, was deposited by
individuals, the total coinage value OF
which was $1,O15,314.
The coin executed during the year
was as follows: Gold, ST., 646, 705; silver
dollars, $21, 2O3, 701; subsidiary silver,
So 124, 0S6; minor, 1884 500.
The silver dollars coined were from
silver bullion on hand, purchased I'M
der the act of July IA, 1890. The total
coinage of silver dollars from bullion
purchased under that act, from Aug.
-, 1890 (the date the law took effect,
to July l, 1897, has been 6S, 74S,477 pieces,
containing 53.172, $50 ounces of fine sill
yer, costing $51, 632, 154, giving seign-
forage of ST., 216,322.
Of the subsidiary silver coinage, $780,
042 489 were coined from uncurrent sill
yer coin transferred from the treasury
for recoinage, and $S1, 595 from bullion
purchased under the provisions of sec
ton 1926, Revised Statutes, for the
subsidiary silver coinage. On the lat
ter the seigniorage was $40, 322.
The balance of silver bullion on hand
at the minis for the coinage of silver
dollars and subsidiary silver coins, July
l, 1897, was:
Fine Ounces. Costs.
Purchase under act July
A. 1890 -. -. Sis, 4sS,461 $1o4, $780, l2
For o6iDa subsidiary SILVER 1s4ss5s 1sn 900
At United States assay
Office, New York, for
payments of deposits
Includ ng the ba lance on hand at the minis
July 1, 1873 the net seigniorage on the coin
age of silver from that date to June 80, 1897,
was $S4 49,, S21.
The value of the gold and silver bars manu-
featured at the minis and assay offices dur
ing the fiscal year was:
Silver ..... -. 49,. ,................. 6,59S ISL
The highest quotation for silver.
0925, in the London market during the
year was 311a pence, equal to s0.69051
per ounce, fine United States money;
the lowest quotation was 271A pence,
equal to $060357
9,S41, as against SIS, 904, 612 net exports
for the previous fiscal year
The net exports of silver were 1872,
$50, 1885, as against $33,26225S for the
fiscal year 1895.
The product of gold and silver in the
United States for the calendar year
1896 was: Gold, $50, O8S 900; silver, coin
ing value, $76, 069, 236
The stock of gold and silver in the
United States on July 1. 1897, is esti-
mated to have been: Gold, $685., 270, $40;
silver, 1894, 500, ISL; total, 81, $3.50. 7SO,323.
The total metallic stock and uncov-
cred paper of the world compiled from
the latest reports. is estimated to have
been, on Jan. 1, 1897 Gold, s4,359, $780,
900; full legal tender silver $685.. 800 900;
total metallic stock, SS,627, 900, 900; I'M
covered paper, $3.50, 100000; total, Sill
1877, 10O,O 900.
The worlds product of gold and sill
yer for the calendar year 1896 was:
Gold, $2O4, 1876, 900; silver commercial
value), $109 4O6,SO0; silver Coming val
ue), $215, 242, 700.
The coinage of gold and silver by the
various countries of the world, so far
as reported, was; Gold, S195, S99, ST;
silver, 1888, ,740.