The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-19


Point For the Year 60 Cea,s; Low Point
60; Average 64.s9 Per Ounce. Fine
Net Imports Of Gold Forty.five Mill
ions Against Seventy.rine Millions Net
Exports Last Year
Washington, Oct 1s.-The director Of
the mint has submitted 10 the secretary
OF the treasury MS report for the fiscal
year 1897. covering the operations of the
minis and assay offices. together with
the statistics Of foreign countries rela-
tive ID production. coinage and none
tary conditions of each.
The value Of the gold deposited al
the minis and assay offices during the
fiscal year 1897. cents omitted, was
sl29. l05, 800. OF this amount ST. zoos. 3S7
was original deposits and si2102,l62 re-
deposits.
The original deposits were classified
fed as follows: Domestic bullion $780,
1929; mutils;ed and uncurrent domes-
tic coin sl.OO5.3i4; foreign bullion and
coin s22.559. 534; old plate and jewelry
s., so, POS.
The coinage value OF silver bullion re-
ceived during the year was SO, 725. 022; OF
this amount s9470.633 was original de-
posts and the remainder, s254, 39S, re-
deposits.
The original deposits were classified
as follows: Domestic bullion $4,96l, 799;
uncurrent domestic coin s2.S5e,olS; for
eign material s94O,272; old plate and
jewelry s612.552.
The purchases OF silver bullion for
subsidiary silver coinage, under the pro-
visions Of section 1926. revised statutes
OF the United States, aggregated 259,-
24S fine ounces, costing sl71,455.
The face value OF uncurrent domestic
gold coin received at the minis and as
say offices was 81 OBS, 121; OF this amount
s623,l51 was transferred from the trea-
sury for Te-coinage ana the raminder,
s4O1,370, was deposited by individuals,
the total coinage value of which was
81 ,015, 314.
The coin executed during the year
was as follows: Gold 81 .6i6, 705: silver
dollars s21, 203. 7Ol; subsidiary silver So
124, 0S6; minor s9S4.509.
The silver dollars coined were from
silver bullion on hand, purchased under
the act Of July a. 1890.
The total coinage of silver dollars
from bullion purchased under that act,
from August 13. 1890 date the law took
effect, TO July 1. 1897, has been 6S,74s,-
Al pieces, containing 53.172.s50 ounces
Of fine silver. costing SOL ,532.154, giving
a seigniorage OF s17.2l6.322.
Of the subsidiary silver coined $780,
0i2, 4S9 was coined from uncurrent sill
yer coin transferred from the treasury
for recoinage, and SSl ,595 from bullion
purchased under the provisions of Sec
ton 526. revised statutes, for the SUD-
sidiary silver coinage. On the latter the
seigniorage was So, 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: Purchased under act OF
July IA, 1890. fine ounces 5.i3S. 461:
cost s1O4 ,312. For subsidiary silver
coinage, fine ounces, 1,34S, 1888. cost ST.
GIL 600 At United States assay office.
New York, for payments of deposits in
fine bars. fine ounces 5O5.ssS; cost
s51,7S6
Including the balance on hand at the
minis July l. 1873. the net seigniorage
on the coinage OF silver from that date
% June 80. 1897, was Ss4.S22, S21.
The value Of the gold and silver bars
manufactured at the minis and assay
offices during the fiscal year was: Gold
s54 .1O9; silver s6.59S.751; total SOL
019. SOL
The highest quotation for silver in
the London market during me year was
3l1s pence. equal to $06905l per ounce,
fine. United States money; the lowest
quotation was 2712 pence, equal To
sO60357
The average quotation for the year
was % 9-16 pence. equal to sO64794 per
ounce. fine.
At the average price OF silver for the
year. the commercial ratio between
gold and silver was l 10 1894. At the
average price OF silver for the year 81
would purchase al So grains. equive
lent 70 1.54 ounces.
The net imports OF gold were s44609.-
SAL, as against s7s.90i,6I2 net exports for
the previous fiscal year
The next exports OF silver we're S32.-
636 ,S35 as against &C., 262. 25S for the ifs
cal year of 1896.
Tee product Of gold ami silver in the
United States for the calendar year
1896 was: Cold s53. 0Ss. 600; silver, coin
ing value. SIS es9, 23S.
The value Of the precious metals en-
ployed in the Industrial arts. in the
United States during the calendar year
1895. was: Gold sI1.395s3i; silver &c.
20i.27
The stock OF gold and silver in the
United States on July /. 1897. IS estma1-
ed 70 have been: Gold $685.. 27O.542; 81
yer 1884. 500, Isl; total s. $50. 7s0.32s.
The total metallic stock and uncover
Ell paper o: the world. compiled from
the lates; reports. is estimated - have
been on January !, 1897: Gold 1888
500 900: full legal tender silver s3.a5.-
500. o00: limited silver 1852 5C0. 900: tots.
metallic stock sss2,. 900. 90: uncovered
paper ss56s. 800. 900: total. 81. Is7. 100 90.
The worlds product 0: gold and sill
yer fo- the calendar year slss vas:
Gold 500 .3ss. 500; silver commercial
value 500. ace 500; silver Coming valge)
:2l5. 242.7o
The coinage u god end silver BY the
various countries y the world. - Ear
as reported. was: Gold $ls5.ss3. 81; 81
yer sl55.Ss5.7iJ.