Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-12-02
REPORT OF DIRECTOR ROBERTS.
Coinage of the MINIS in the Past
Year.

The annual report of Director Roberts
of the United States mint bureau shows
that the coinage minis at Philadelphia, New
Orleans and San Francisco were in opera
ton during the year and the output was
greater in the number of pieces than in any
previous year, aggregating 2O0, S72, 4S2. The
pressure for small domestic coins and for
Philippine coins reduced the aggregate of
gold coinage to $40. 721, 1873 and the stock of
gold bullion in the minis increased from
$124 ,S23 to $107 81 81. This bullion is
included In all figures of treasury reserves.
The net gain in the gold stock of the
country during the year is estimated to
have been s57. 151 ,149.
During November the total coinage exc
cuted at the mints of the United States was
SO, 425, 120, follows: Gold, So. 1914, 600;
silver, 81 4O1 900; minor coins 1928, $50.
OF the silver bullion purchased for dollar
coinage under the act of July IA, 1890
38 712 fine ounces were on hand at the
beginning of the year and II, 5O2, 93S at the
close of the year. This amount will be en-
tirely exhausted during the current fiscal
year No other provision exists for the
coinage Of dollars or subsidiary silver coin.
The total deposits of gold bullion at the
various offices of the mint service during
the year were Of the value of $127, 004, 443.
The value of gold bars disposed Of by the
mint service during the year was $43 49,
2S6, of which 81, 559, S54 was for export and
$21 ,432 for use in manufactures. The
value of bars sold by private refiners to
manufacturers during the year was s. SOL,
400, of which all but 1888, 1853 was from old
material. The inquiry to United States
gold coin melted down during the year re-
suited in returns aggregaung 50 .04, 400, and
the directors estimate of the total Is 49,,
100000. The amount Of new gold bullion
and Of gold coin used in manufactures In
this country during the year is estimated
to have been S23, ,29S the largest on
record.
The gold imports for the fiscal year We're
$44 $685. OPT. coming mainly from Canada,
Mexico, Australia, France and Great Brit
ain. The total exports of gold were SAT-
900, 595. OF this 500. s9O9S6 were in mint
bars shipped to France and Germany, 3d.
274, 1856 were in private refinery bars shipped
to Japan, $40, 100,S $50 We're in domestic gold
coin shipped to South America, s5s47 ,239
of same shipped to Canada and the balance
in bullion and coin to various countries.
The value of silver imports during the
year 500, 163, 491 and of silver exports
$44, 250,259.
Inquiry addressed to every bank In Can
ada and replies from each showed the stock
of United States gold coin in Canadian
banks on June 30, 1903, to be $40 S75 800
The stock in the dominion treasury on the
same date was S34, 430, 3S4.
A summary of all earnings and expendi-
lures, including seigniorage silver and
minor coin. shows that the total earnings
and gains exceeded expenditures by s6,S97-
1913, the total earnings having been S., Cos
$40 and the expenditures 81 ,s01 ,1S7.
1t is announced that the new coinage
mint at Denver will be ready for equipment
during the coming year. A new building is
urged for the assay office in New York.
The table of monetary stocks shows a
gain in the estimate of gold stocks of the
world from December 81, 1901, to December
l. 1902, Of s20S,OGO. 600.