Rocky Ford enterprise., 1897-10-21
REPORT OF THE MINT.
GOLD AND SILVER STATISTICS.
Industrial Art. Used sa1, 1,soo.1o7-
Worlds Product of Gold and silver
About sssS, 100000.

Washington, Oct. 1S.LThe director of
the mint has submitted to the secre-
tnry 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 the gold deposited at
the mints and assay offices during the
fiscal year, 1897, cents omitted. was
$3.50, 1O5, 800. OF this amount $S7. .O08,-
237 were original deposits and $42, ,1O2,-
162 redepOsfts
The coinage value of silver bullion re-
cefved during the year WIS $0,212,0 ,022;
of this amount $0,47OB23 were original
and the remainder, $2o4. 1903, redeposits.
The coin executed during the year
was as follows:
Gold. $71,G48.7O5; silver dollars. $21.-
oO3,7O1; subsidiary silver. $8,124.Oe0;
minor. $5S4,5O0. The silver dollars
coined We're 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, 1900 date the law
took effect, to July 1st, 1897, has been
GS.74S.477 pieces, containing 53,112.GJO
ounces OF fine silver, costing SOL ,532,-
154. giving Il se'gnicrage Of $17, ,216,322.
The balance OF silver bullion on hand
at the mints for the coinage of silver
dollars and subsidiary, silver coins,
July l. 1897. was:
Purchased under act OF July IA. 1880,
fine ounces. 115, ,43S, ,4G1; cost. $1O4 1885,
312. For subsidiary silver coinage. fine
ounces. 1,34S,353; cost. $1,A2,O9O. At
the United States assay office, New
York, for payments Of deposits In fine
bars. fine ounces. 5O5.99S. cost $312,I
Including the balance on hand at the
mints July 1. 1873. the net selgniorage
on the coinage Of silver. from that date
to June 30, 1897, was SS4.S22,S21.
The net imports of gold were S44.-
O0,S41. rs against SIS.8O4,G1 net ex-
ports for the previous fiscal year.
The net exports OF silver were S32.-
GIG S35, as against S33. .2Go.25S for the
fiscal year of 1906.
The product Of gold and silver in the
United States for the calendar year
1886 was: Gold. s,3.Oss. COO; silver, colin
ing value. $7GOf0,23S
The value of the precious metals en-
p.oyed in the industrial arts In the
United States during the calendar year
1905 was: Gold, $11, DO, ,034; silver, $1O.-
aO4.2I3.
The stock of gold and silver in the
United States on July I. 1897. is es:i-
nated to have been: Gold, $G96.2IO.o42;
silver, $l34. 500, ,7SG; total, 1880, $780,
32S.
The total metallic stock and uncov-
cred paper Of the world. compiled from
the latest reports. ls estimated to have
been on January 1. 1907: Gold. $4.350.-
GOO.G0O: full legal tender silver. $3,-
GI5. $4,000; limited tender silver. 1867
500 900; total metallic stock. $S.62IA0O.-
600; uncovered paper. S2,569, ,20O.OO0
total. 81. .19T. 100000.
The worlds product of gold and sill
yer for the calendar year 1896 was:
Gold, S2Oi .3!6G GOO: silver Commercial
yalue). 800. 4OG. 400; silver coinage val
ue). $o15.242. 700.
The coinage OF gold and silver by the
vurious countries of the world. so far
as reported. was: Gold. S105.S09,o1I;
silver. S153.30j.7iO.
The director of the mint, In bis re-
pert, reviews the decline Of silver since
1873 and attributes the decline to the
great increase in production.