The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-12-16
MAKES
NICE
prof. II
On Coins

Washington. D. c.. Dcc. i6.-Thc
government made q profit during the
fiscal year ended 5une 30. 1908. of $40,
s4 ,STl on the coinage II silver, nickel
and 1-ccnt bronze pieces This repre-
aents the difference setwcgn the price
paid by the governmnt for the metal
aud their coinage value. Director or
the Mint Frank A. leach giyes these
figures IN his annual report
The original deposits Of gol5 hallion
il the month assay offices during
the fiscal yet amounted to s20I4i5,
9Si and incur nj Juited Saates gold
coin Of the face value OF s4,020,66S
was received for rceomage. Silver
bullion purchased for subsidiary sill
vcr coinage during TIE year aggre-
gated 1S,S19279 standard ounces and
mutilated and unchrrent United
States silver coin face value Of ST.,
1862. 9G2 was received f-r recoinagc
There were purchased 535, 1876 ounces
ef silver bullion for the Philippine gov
ernmtnt the cost OF which. s295.05i.
was reimbursed to the United States
by that government
The coinage executed by the mints
during the fiscal year 1908. amounted
to $l97 23s .377 in gold, of which S106,-
lS2,A20 were in d5uble eagles and 81
S29.060 in eagles Of the designs pre-
pared by the American sculptor the
late Augustus Saint Gaudens. TIE
amount OF subsidiary silver coinage
executed was S16.530,477. which is the
largest subsidiary silver coinage exc
cuted in any one year since 1877 when
'he government was prepared for the
Presumption OF specie payments issuing
subsidiary silver coins in redemption
OF fracti nal currency. The amount
OF minor coinage executed was ST..
SAC, COS.
Estimate OF Production.
There were coined for the govern
ment Of the Philippine islands 25,003,-
9l5 pieces of silver coin of the value
II 1881 ,793 pesos and for the govern
ment OF Mexico 1,397,29l silver so.
centayo pieces.
The director OF the mint estimates
the production Of gold in the United
States during uae year 1907 TO have
been $90,435,700 and silver for the
same period o6,514700 fine ounces OF
the G. mmercial valGe of $50 ,299,700 al
the average New York price of silver
for the calendar year 1907, namely 66
cents fine ounce,
The director estimates the proiiIc-
tion OF the precious metals III the
world during the calendar year 1907 10
have been s4lO,555, ,30C in gold and 1885,.
0l4.623 fine ounces Of silver ~ the
commercial value of s122,090,000 at ihe
average price Of silver for the year
The Increased production wf silver tor
1907 over that OF 1906 was l9,260.V00
fine ounces.
The consumption OF the precious
metals In the United States in the in
tusiriaf arts during the calendar year
1907 Is estimated In gold sac. .727, ,070
and IN SILVER 24.369.7SA iine ounces. OF
the gold consumed in the arts S33.5f9.-
l95 was new material aad $7i75,5g5
IN old OF the silver used in the arts
22, 1925 Fine ouTees we're new ma
tertaf aud 2232 .54i fine ounces old.
The total receipts of the mints ser.
vice duriDg the fiscal year 1908 amoml.
ted 10 $l0,942. 500.
stock Of Gold and Silver.
The stock of gold coin in the United
81 ates June 80 last 70 estimated at ~
BS6269. .32S: silver coin $7l5.6l5,ae5,
lnchding s56S ,25a,8l2 IN silver dollars;
gold bullion held by the treasury S79f
97l 247. ard the silver bullion (cosl
Yaluel sf,979,0O0
Tho stock OF gold coin Ia the " rid
Jan Z last Is estimated at S70l4,5O0,.
000, silver cola, 81, $50 100000 and the
uncovered paper, Sf.302, ,5Qe,000.