The sun., 1908-12-14
OPERATIONS or fHE HINTS.
SI07, ,sSs, SIT IN GOLD COINED IN
b TIE LAST FISCAL YEAR.


Subsidiary silver Co,nage 20 the Amount
0FSl0, $50. .SSS and Minor Coinage Of
eI,OA0, ,OOe.7s Rxeeuted-stook Of
Geld In the Country ~ .B0S. los, $40.
WARRINGTON. Dec. 1s.--The annual re-
port OF Frank A. Leach. Director Of the
Mint. covering the operations Of the mints
and assay Offices for the fiscal year ended
June 30 last says that the original deposits
Of gold bullion in the mints and assay
Offices during the 6scal year 1907 amounted
to S207. .4i5.oS4. Uncurrent United States
gold coin Of the face value Of q ,03o ,ees 80
was received for recoinage. Silver bull
lion purchased for subsidiary silver coin
age during the year aggregated 1884,
270l4 standard ounces, end mutilated
and unourrent United States silver coin
Of the face value OF 81, ,162 ,es2 was received
for recoinage. There were purchased
SIS, ,833.si ounces Of silver bullion for the
Philippine Government, the cost Of which
s2a5. .0545S. was reimbursed to the United
States by that Government. .' ~
The coinage executed by. the mints
during the fiscal year 1908 amounted to
S197, ,2sS, ,sT7.SO in gold. OF this amount
sio6, ,1s2, 40 was In double eagles and
A, ,82o. 900 In eagles Of the designs prepared
by the American sculptor the late Angus
tus Saint Gaudens. The amount of sub
sidlary silver coinage executed was $16.-
$50. .477.25! which Is the largest subsidiary
silver coinage executed In any one year
since 1877. when the Governments was
preparing for the resumption Of specie
payments. issuing subsidiary silver coins
In redemption of fractional currency.
The amount of minor coinage executed
was si.94 6.00s.22.
There were coined for the Government
Of the Philippine Islands q, ,0o3, ,915 pieces
Of silver coin. of the value of IL. s.1S1. 1890
pesos, and for the Government Of Mexico |
1897. .29i silver so centavo pieces.
The Director OF the Mint estimates the |
production OF gold in the United States
during the calendar year 1907 to have
been 800, ,435, 200 and silver for the same
period 56.514. 700 fine ounces. OF the com-
niercial value OF s37, 200. 700 at the average
New York price of silver for the calendar
year 1s01-namely. 90 cents an ounce.
The Director OF the Mint estimates the
world during the calendar year 1907 to
haye been s4lo.5S5. 800 in gold and 1885,
Oh ,623 fine ounces of silver. OF the CONNER
cial value OF $122, 900 900 at tho averaged
price Of silver for the year. The increase
In the production OF silver for 1907 over
that Of 1906 was 10. 200 900 fine ounces.
The consumption Of the precious metals
In the United States in the industrial arts
during the calendar year 1907 is estimated
TO have been in gold $40. .727.O70. and in
silver q. .s6o, ,7S4 fine ounces or the gold
consumed In the arts $S3,54s, ,te0 was new
material and $7.l77,575 old material.
OF the silver used in the arts 22,137.243
flno ounces was new material and 2.232,-
5i1 fine ounces old material.
Tho total receipts OF the Mint Service
during the fiscal year 1908 amounted to
SlO. .e43, ,900.9S. OF this amount sS,n3,-
4ls.S5 was profits on the coinage Of sub
sidiary silver tand $l.527.9SS. profits
on the manufacture of five cent nickel
and one cent bronze pieces. There were
Philippine islands charges for the execu-
ton OF coinage for those islands amount
ing to $2O3, ,2s7.72 and from the Mexican
Governmeut for coinage executed for that
S9lit.22 the balance Of
$3.50. .i274e being derived from charges on
deposits, the manufacture OF medals and
from miscellaneous sources.
= The stock Of gold coin in the United
States June 20, 1905 Ia estimated by the
TO have been 81 .535, Zee, s2S and
Tho stook Of silver coin $71S ,ei5. SOS. inolud-
ng S50s, ,259. .8i2 In silver dollars. The stock
of gold bullion held by the Treasury on
Iune so. 1908, amounted to $40, ,a7l PAT and
he silver bullion (co5t value) $7,979, 900.
The stock Of gold coin In the world on
January /, 1908, 10 estimated to have been
u ,0i4. 600. 900; silver coin, $3.50. .700, 600,
md the uncovered papen 81 80, SOC. 900.