The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-10-19
THE MONEY FACTORY.
REPORT OF TUE DIRECTOR on THE
MINT FOR THE YEAR.
Production OF Gold and silver,
Amount Coined and Amount seiEn-
forage fn Year Ending June aa.
Ise--CommerciaI Ratio, 3t.aa tn 4.

WASHINGTON. oct. E,-The director
o. the rnlnt has submitted 20 the secretary
of rhe treasury hss report Ter the nscAa
year ISS7 covering the operations - t1s
TaInts and assay olt2ces. sosetaeF WIKI ina
statistics % foreign countries relative 70.
production. Coinage and monstS-y ooAdA-i
ton.
The value ~ The eola deposited st the
Mats ard assay offices during Tie fseal.
year 1887 was Sl2a it6. 500. OF this aHaounI
81 eG.sss were original deposits and ST.
la1I69 reGeposits. The coin executed dar-
ing the year was as follows; Gold. ST.
et5 76. silver dollars, 81 2os. sels subsidiary
SILVER SSls40S6. minor. $5s4.So9.
The silver dollars coined were frcs0 sill
YER pUliioG On hand. purchased under The
act 81 July a. lSSa. The total coinage %
silver dollars a tke hullion purchases u0-
der that act, from August Is, $50 data
the law took effecD. 10 JAY l. ISL, has
been SS.sS.4T pieces. containing aS.is2eS9
ounces OF nne silve<, costing S.. SSS.lS@,
giving a seignioraEe Of 81, sl6.ssa
The balance OF silver bullion on hand at
the nlnts Tor the coinage OF silver dol
lars ard subsidiary silver colnes July I.
1885,, was: Purchased under the act July
"a iSa9. rne ounces. lis. Is t6I. cost xle4.-
s162i2; Tor subsidiary silver coinage, me
ounces. l-9ASSs5, cost Si.sll, o9o; az United
States assay ofiice. New York. for pay
rnent Of deposits IA fine bars. fine ounces.
s6.9sS. cost s5ls. 80. Including the balance
on hand az the mints July I. 1878. the net
Selgni0rage On the coinage OF silver. from
that Gate to June 81. 1877, was sS4.SasS1i-
The value of the gold and silver bars
manufactured at thu nlints ana assay Of
fees during the fiscal year was: Geld ssA-
bii, Ice silver. S66SS, ISL: total, SSi. ST.
The highest quotation for silver In tina
London market during the year was yta
pence. equal TO s0.e.al per ounce fne.
United States money. the lowest quota
ton was sgia pence. equal 10 so0Cs7. The
average quotation for the year was - s-is
pence. equal 20 sae4sQ4 per ounce fiae AT
the average price % silver for the year.
the commercial ratio between gold and
silver was l 70 Sl.94.
The net imports Of gold we're 81 soc SCI
as against s7S.a9.6l2 net exports for tina
previous fiscal year The net exports Of
silver were 81 So. SIS as against So, asa. IS
for the fiscal year OF 1896.
The product or gold and silver ia the
United States for the commercial year 1894
was: Gold. SO, as. Geo; silver coming value.
$'so69, ~ The value or the precious metals
employed IN the Industrial arts In thu
United States during the commercial year
ending 1875 was; Cold. 81. ssa a54; silver.
slo-A4,s51 The stock OF gold and silver ID
the United States on July !, 1897. is esti-
mated 90 have been: Gold. s6sf go. ys2; all.
Yer. SG34 kta. 7s6: total, 81. so. 7sa rs
The total metallic stock and uncovered
paper OF the world. compiled from thu
latest reports is estimated 20 have bean ON
January !. 1857; Gold. 1859 90. 600: fun
legal tender silver. Ss6la, 500. COO, limited
tender. silver. Ss>2. 500 ooa: total metallic
stocks. S.6z'.sseea; uncovered paper.
s.. so 90 900; total. ST. fg7. 10000.
The worlds product Of sold and oliver
for the calendar year 1898 was: Gold.
sos. coo; silver Commercial valued. slna
4oS.teo: silver Oconang vaiue), s2l5. ai2 7no.
The coinage OF gold and silver By the vari-
Gus countries OF the world. 50 far as re-
ported. was; Gold. siss. So. sI7: silver, siss.-
sg5. TO. $3.50
The director of the mint revtews tha a.
chne'ot silver since 1873 and attributes tina
decline TO the great increase In prodnc-
ton.