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GOLD AND SILVER.
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39
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Highest,
lowest, and average price in London of silver hnllion, 925-thousandths
fine, and value of a fine ounce, each month, during the calendar year 1888.
[Compiled from daily telegraphic cable dispatches to the Bureau of the Mint.]
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The
Government purchased 28,920,398 standard ounces of silver during the
year, costing $24,491,340, an average price of 94 cents per fine ounce.
The total amount of silver purchased for the coinage of the silver
dollar since March 1,1878, has been 275,007,939 standard ounces,
costing $260,091,445, an average price of $1,075 per fine ounce or
$0,967 per standard ounce.
The
value of the gold deposited at the mints during the year, not
including re-deposits, was $41,496,410, or, including re-deposits,
$48,794,988. The foreign material comprised in this was $7,055,046. The
amount of silver deposited and purchased was 35,512,789 standard ounces
of the coining value of $41,323,973, exclusive of re-deposits.
The coinage, iu comparison with that of the precediug calendar year, is exhibited in the following table:
Coinage executed at the mints of the United States during the calendar years 1887 and
1888.
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In
addition to the coinage, bars were manufactured at the mints
containing gold of the value of $21,650,798 and of silver $7,635,490.
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