Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-10-19
vim MILLIONS COINED.
i, ADDING TO THE VOLUME OF CURRENCY
.t, cold and silver. the Buliion
on Hand, and other Interesting
Information.

r.sbtnrton, oct. 1s.-The director OF
,,Irt has submitted to the sec
~ Of the treasury his report for
.., gscal year 500 covering the opera
NJ M mints and assay offices, to-
w ,ser with the statisctics for foreign
e,rtrles relative to production, coin
s.e and monetary condition.
The value of the gold deposited at
..a nints and assay offices during the
e,.i year 1897 was s129, 1906 500; of this
-sannt $50 OO3. s37 were original de-
a"s,ts and S42. 1902, 162 redeposts. The
I'd, executed during the year was as
tV Gold. 81 $40 O5; silver dol
lars s2l.2O3, 7Oi; subsidiary silver 49,
,sioS6; minor, s5s45Os.
Tbe silver dollars coined were from
,n,cr bulilon on hand. purchased I'M
~ The act of July H. 1880. The total
coirare OF silver dollars of the bullion
rTrrbases under that act. from August
IA lSgO date the law took effect. to
I,ly l. 1871, has been 6S,i4S,4tI pieces,
SSrtainlng 53172, $50 ounces of fine sill
CSr costing s5l. 532 1854. giving n seign-
I'rare of slI ZIG, 3222 OF the subsidiary
rliysr coinage 5000, iS9 were coined
S-,,n uuc,irrent silver coin transferred
,rom the treasury for recoinage and
tJ59l from bullion purchased under
The provisions of section 3526 revised
statutes for the subsidiary silver coin
I'D. ON the latter the seigniorage as
Ng322.
nj the mints for the coinage OF silver
dotiars and subsidiary silver coins Jul
10 / 1897. was: Purchased under act Of
inry IA 1880. fine ounces, Nl5,i3S,i6l;
rost SOi 336,3l2. For subsidiary silver
Nell 0gO. At United states assay office,
New York, for payment of deposits In
fine bars fine ounces, 5O5,95si cost.
j5i27S6 Including the balance on hand
NJ the mlnts July l, 1878. the net seign-
Iorage ON the coinage Of silver from
tb5t date to June 80, 1897. was SSiS22,-
The value of the gold and silver bars
manufactured at the mints and assay
oliees during the fiscal year was: Gold
100: silver, s6,5Sj,5yl; total, SOL
09SGl.
The highest quotation for silver
pe2s. in the London market during the
vsar 8lts pence. equal to S0.690l per
ounce. fine. United States money; the
lowest quotation was 21is pence, equal
10 s0G037. The average quotation for
The yenr was 30 9-1G pence, equal to
.ei7gi per ounce fine. At the average
mice Of silver for the year, the COM
Ynarclal ratio between gold and silver
was to 1874. $780,.
The net imports of gold We're $4,000
sn. as against S1s.9O4,612 net exports
Tor the previous fiscal year. The net
EXPORTS Of silver We're S32 686,S55' as
against s3s. 262,25s for the fiscal year
Al 1SqG The product of gold and silver
IN the United states for the CONNER
clal wear Of 1894 was gold, S53,OsS,0OO;
silver. coinage value, S76,0G9, 28S The
value ofthe precious metals employed
IN the Industrial arts in the United
States during the commercial yenr
ending 1896 was: Gold, Sl1 1885, 1884; sill
yer. sl020i273.
The stock Of gold and silver in the
United States on July 1, 1897 is esti-
mated to have been: Cold 1896 .21O.5i2;
f.ver. 1894 500. 1856 total. 81 $3.50, 1SO32S
The otal metallic stock and uncov-
cred paper Of the world. compiled from
the latest reports, Is estimated to have
been on January l, 1897: Gold, $500
tt0O0o; full legal tender silver, $685.
10000: limited tender silver, 1862 50O-
t0) total metallic stocks. S,621 ,eOO,O 600;
uncovered paper. $3.50, 100000; total,
t1ls7l0OOOO
The worlds product of gold and sill
yer for the calendar year 1896 was:
Gold, t2Oi 1906 600 silver. Commercial
yalue), t10s 400 900; silver (coining
yaluel, S2i5 2i2 700 The coinage OF
gold and silver by the various coun-
tries for the world so far as reported,
vas Gold, 1g5,S99,5l7; silver, $153, 1885,
10
The director OF the mint reviews the
decline OF silver since 1873 and attri-
lutcs the decline to the great increase
In production.