The record-union., 1897-10-19

WASHINGTON, Oct. 1S.-The Direc-
tor Of the Mint submitted to the Sec
retary Of the Treasury his report Tor
the fiscal year 1897, covering the op-
erations of the mints and assay OF
finances, together with the statistics
of foreign countries relative TO pro-
duction. coinage and monetary condi-
ton.
The value of the gold deposited at
the mints and assay offices during the
fiscal year 1897 was S129, 105, 500. OF
this amount SS7 003, ,337 was original
deposits and S42, 102, 162 redeposits.
The coin executed during the year was
as follows: Gold, S11, GAG, 703; silver
dollars. $21, ,203, 701: subsidiary silver,
S3.124. .US6: minor, $50 500. 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 13, 1890 date the law took
effectl. to July /, 1897, has been 6S,-
74S.477 pieces, containing 53,1T2,630
ounces of fine silver, costing $5l532,-
154. giving a seigniorage of S17,2l6,322
OF The subsidiary silver coinage So O42,-
4S9 were coined from uncurrent silver
coin transferred from the treasury for
recoinage. and S61, ,391 from bullion un-
der the provisions of Section 1926, Re-
vised Statutes, for the subsidiary sill
yer coirage. On the latter the seign-
forage was $42. .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, 1890 fine ounces 115.
43S, 461. cost $1O4, 336. .312; for subsi-
diary silver coinage fine ounces l.
34S. .353, cost 81 GAL 600; at the United
States assay Office at New York for
payments of deposits in fine bars, fine
ounces .505, 1913, cost S512. 1856. Includ
ing the balance on hand at the mints
July l. 1873, the seigniorage on the
coinage of silver from that date to
June 80, 1897, was $S4, ,S22, ,S21.
The value of the gold and silver bars
manufactured at the mints and assay
Offices during the fiscal year was: Gold,
S54. .511 100; silver, $3.50, ,591; total,
S61 09n SOL
The highest quotation for silver was
O.925; in the London market during the
year 311a pence, equal to S06901 per
ounce fine. United States money. The
lowest quotation was 2112 pence, equal
to S06037. The average quotation for
the year was % GIG pence, equal to
S064T94 per ounce fine.
The net imports of gold We're S44,-
600 S41. as against $7S, ,904. 612 net ex-
ports for the previous fiscal year. The
net exports of silver were So. .636, ,S35,
as against S33, ,262, ,25S for the fiscal
year Of 1896
The product of gold and silver in the
United States for the calendar year
1896 was: Gold. $50, ,OTS coo; silver,
coming value, $76,069. .23S.
The value of precious metals employ
ed in the industrial arts during the
calendar year 1896 was: Gold. SILL
395.934: silver, S10.204. 273.
The stock of gold and silver on July
l. 1897. is estimated to have been:
Gold. 5000 270.542; silver, 1854, 500, $50;
total 81. $3.50, 7s0, ,32S.
The total metallic stock and uncov-
cred paper of the world, compiled from
the latest reports, is estimated 10 have
been on January 1. 1897: Gold. S4,-
359. 100000; full legal tender silver, 49, :
615, 800, 600: limited tender silver, 1862, :
500O 900; total metallic stock, IS, ,627, :
900 600: uncovered paper, 50, ,569, 200, :
0o0; total, 81 ,197. 100000
The worlds product of gold and sill
Yer for the calendar year 1896 was:
Gold. $204. 1896 600: silver Commercial
value). 500 406.400; silver (coining
valual, S215. .242, 700.
The coinage of gold and silver by the
various countries of the world, so far
as reported. was: Gold, S195, ,S99, ,517; f;
silver. S153. 395, TAO.
The Director OF the Mint reviews the
decline of silver since 1873. and attri-
butes the decline to the great increase
in production.