The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-10-18
WORK OF THE MINTS.
Director of the Mint Submits His Re
port for the Last Fiscal Year.

Washington, Oct. 18.-The director of
the mint has submitted to the secreta-
ry of the treasury his report for the
fiscal year 1897, covering the operations
of the mints and assay offices together
with the statistics of foreign countries
relative to production, coinage and
the monetary condition of each.
The value of gold deposited at the
mintS and assay offices during the fiscal
year 1897, cents omitted was $129, ,105 500,
of this amount S81, ,003, ,337 were original
deposits and $40, ,102, 1862 re-deposits
The coinage value OF silver bullion
received during the year was SO, ,725, ,022;
of this amount $9,470,623 We're original
deposits, and the remaining $254, 1893, re-
deposits.
The purchases of silver bullion for
subsidiary silver coinage, aggregated
259, ,24S fine ounces costing $171, ,455.
The coin executed during the year
was as follows: Gold $71,646, 705; silver
dollars $21, 203, ,701; subsidiary silver So
124,0S6 minor 1884, 509.
The silver dollars coined were from
silver bullion on hand, purchased under
the act of July IA, 1890.
The total coinage of silver dollars
from bullion purchased under that act,
from August 18th, 1890 date the law
took effecD, to July L, 1897 has been 6S,-
74S, AT pieces, containing 53, ,172, $50 Ounc-
es of fine silver, costing $51, ,532, ,154 Civ
ing seigniOrage of ST, PIG, 1922.
Including the balance on hand at the
mints July 1, 1878, the net seigniorage
on the coinage of silver, from that date
to June 80, 1897, was $S4. .S22, ,821.
The highest quotation for silver in the
London market during the year was
BIZ pence, equal to S0.69O51 per ounce,
fine, United States money; the lowest
.-tiI1otation was 2772 pence, equal to
$060357.
The average quotation for the year
was 29 9-16 pence, equal to $0.64794 per
ounce fine at the average prices of sill
yer for the year. The commercial ratio
between gold and silver remains 1 to
31.94; at the average price of silver for
three years 81 would purchase 741.65
grains.
The net imports of gold were S44. .6O9, =
Sal as against SIS, ,904. 612 net exports for
the previous fiscal year.
The net exports of silver were S32-
$685. as against $3S, ,262, ,258 for the fis-
cal year of 1895.
The product of gold and silver in the
United States for the calendar year
1885 was gold $50, ,08S, 600; silver, coming
value, SIG, ,069, ,23S.
The value of the precious metals en-
ployed in the industrial arts in the
United States during the calendar year
1886, was: Gold $11, 1896, ,934; silver $40, ,2O4, :
273.
The stock of gold and silver in the
United States on July 1, 1897, is estimat-
ed to have beeT1.s Gold, 1896 27O. .542; silver
$634, 500, 781; total 81, 800, $50, ,32S.
The total metallic stock and uncov-
cred paper of the world, compiled from
the latest reports. is estimated to have
been on January 1, 1897: Gold 81, 395, SOC, :
600; full legal tender silver SO 615, SOC, 900
limited tender silver 1862, 500, 900; total
metallic stock S8, ,627, 900, 600; uncovered
paper 50, $50 200, ,000; total $11 1877 100 600.
The worlds product of gold and silver
Tor the calendar year 1896 was: Gold
500, 1886. 500; silver commercial value)
$109. 400, 800; silver Coming vaIue) $215,-
242, 700.
The coinage of gold and silver by the
various countries of the world, so far
as reported was: Gold $195,S99 517; sill
Ver$153, 1856, TAO.