The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-02
COINAGE OF THE MINIS
POINTS FROM THE ANNUAL REPORT
OF DIRECTOR ROBERTS.
Total of 2O5, s72. 4s2 Pieces Turned Out
at Philadelphia, New Orleans and
San Francisco in a Year.

WASHINGTON, Dec. 1.-The annual re-
port of Director Roberts, of the United
States Mint Bureau, shows that the coin
age minis at Philadelphia, New Orleans
and San Francisco were in operation during
the year and that the output was greater
in the number of pieces than in any pre-
vious year, aggregating 205,S72,4S2. The
pressure for small domestic coins and for
Philippine coins reduced the aggregate of
gold coinage to s45.721.7Ss. and the stock of
gold bullion in the minis increased from
sl24,OS3, S23 to $751;, 11,57l This bullion is in
cluded in all figures of treasury reserves.
The net gain in the gold stock of the coun-
try during the year is estimated to have
been s57,157,1 49.
OF the silver bullion purchased for dollar
coinage under the act of July IA. $780, 3d.
2lS,7l2 fine ounces were on hand at the be-
ginning of the year, and 7,5029SS 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 $l2I,VO4, 443.
The value of gold bars disposed or by the
mint service during the year was s4S, ll6, 2S6,
2l6,432 for use in manufactures. The value
of bars sold by private refiners to manu-
facturers during the year was s. 1891. 400, OF
which all but 1858 763 was from old material.
The injury to United States gold coin melt
ed down during the year resulted In re-
turns aggregating 5000, $50. and the direc-
tors estimate of the total is 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
81, ,29o, the largest on record.
The gold imports for the fiscal year were
$44 9S2,027 coming mainly from Canada.
Mexico, Australia, France and Great Brit
ain The total exports of gold were $1,000
$685. OF this $685. 1856 were in mint bars
shipped to France and Germany, 81, ga, 156
in private refinery bars shipped to Japan.
$40, zoe, S55 in domestic gold shipped to South
America, s5,S47, 239 in domestic gold shipped
to Canada and the balance in bullion and
coin to various countries.
The value of silver imports during the
year was s24 163, 491 and of silver exports
S44. 250, 259.
Inquiry was addressed to every bank in
Canada and replies from each showed the
stock of United States gold coin in Canad-
ian banks on June 30, 1903, to be siOS75, $50.
| The stock in the Dominion treasury at the
same date was $34 430.3S4
A summary Of all earnings and expendi-
| lures, including seigniorage on silver and
minor coin, shows that the total earnings
| and gains exceeded expenditures by $685.
| and the expenditures 81, ,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 gain in
from Dec. 81, 1901, to Dec. 1, 1902. OF
| sos 000, 600.