QUANTITY AND COST OF SILVER PURCHASED FOR SUBSIDIARY COINAGE AT EACH MINT AND AT THE ASSAY OFFICE, NEW YORK, DURING THE FISAL YEAR, 1906.

QUANTITY AND COST OF SILVER OBTAINED BY TRANSFER AND PURCHASE FOR SUBSIDIARY SILVER COINAGE, AMOUNT AND COST USED IN COINAGE, COINAGE DERIVED THEREFROM, AND SEIGNIORAGE ON SAME DURING THE FISCAL YEAR, 1906.

679,241.95

$487, 670. 07

811, 121.71 1,009, 171.65 992, 709. 29 $1,285,097.10 $1,235,097.10

137, 167.59

61, 657.95

2,845.23 260, 795. 72

1,424.96 138,002. 27

196.03 2,270.00 9,518, 07

243.90 1,274. 13 5,710. 84

315, 287.83 164,032.90 392,271.00 $228, 238. 10

1,903, 156. 30 1,705, 155. 77 1, 307, 997. 12 1,449, 130.00 1,627, 368. 10 228, 238. 10

1,307,997. 12 1,399, 130. 00

1,903, 156. 30 1,705, 155. 77

2,093,566. 12 1,610,257. 24

2,218, 184. 45 1,707,719. 26 1,153,381 251, 155, 476. 161, 435,000.00 279,523 84

1,153,381.25 1,155, 476. 16

QUANTITY AND COST OF SILVER OBTAINED BY TRANSFER AND PURCHASE FOR SUBSIDIARY SILVER COINAGE, ETC.-Continued.

QUANTITY AND COST OF SILVER OBTAINED BY TRANSFER AND PURCHASE FOR SUBSIDIARY SILVER COINAGE, ETC.-Continued.

196.03

3,287.55

$243.90 1.877.46 10,702.07

19, 216.21

5, 113, 124. 23 4,527, 775. 79 3, 228, 155. 87 $3,508,606.16 $4,016,368.10 $507,761.94

BALANCE OF SILVER BULLION.

The balances of silver bullion on hand June 30, 1906, at the mints. and assay offices of the United States for the coinage of subsidiary silver, coinage for Philippine Islands, and for payment of deposits of silver bullion in fine bars were as follows:

Item.

Standard

Cost.

ounces.

$1,431, 327.05

For subsidiary silver coinage..

Held at United States assay office, New York, for payment of deposits in fine bars..

Total.

Silver bullion for Philippine coinage..

2,677, 215.95

32,434.09

Grand total..

MARKET PRICE OF SILVER DURING THE FISCAL YEAR 1906.

The price of silver 0.925 fine (British standard), in London, for the twelve months ended June 30, 1905, ranged from 263d. (July, 1905) to 31 d. (May, 1906), the average price for the year being 29.4298d. At the lowest price, the equivalent for a fine ounce in New York with exchange at par was 58.958 cents; at the highest 68.777 and at the average for the year 64.513 cents.

The following table exhibits the monthly fluctuations:

HIGHEST, LOWEST, AND AVERAGE PRICE OF SILVER BULLION AND VALUE OF A FINE OUNCE, EACH MONTH DURING THE FISCAL YEAR 1906.

DISTRIBUTION OF SILVER DOLLARS.

The number of silver dollars distributed from the mints during the fiscal year 1906 was 837,293, against 815,479 for the previous year, an increase in the distribution of these pieces of 21,814 during the

year.

The number of dollars on hand June 30, 1905 and 1906, and the distribution from each mint during the year was as follows:

DISTRIBUTION OF SILVER DOLLARS FROM THE MINTS, FISCAL YEAR 1906.

The balance of profits on the coinage of silver on hand in the mints June 30, 1905, was $144.17.

The total seigniorage on the coinage of silver during the fiscal year 1906 was $507,906.11, from the coinage of subsidiary silver coins. Including the balance on hand at the mints July 1, 1878, the net seigniorage on silver coined from that date to June 30, 1906, aggregated $136,307,059.19.

The amount of seigniorage deposited in the Treasury during the fiscal year was $253,311.13, leaving a balance on hand at the mints on June 30, 1906, of $105,689.97.

A table showing the seigniorage on silver coinage at each mint, and the disposition of the same, will be found in the appendix.

APPROPRIATIONS AND EXPENDITURES.

The act approved February 3, 1905, making appropriations for the legislative, executive, and judicial expenses of the Government for the fiscal year ended June 30, 1906, contained specific appropriations for the support of the mints and assay offices of the United States, amounting in the aggregate to $1,322,120.

In addition to the specific appropriations contained in the above act, the mints at Philadelphia and San Francisco collected $105,438.09 as charges on foreign coinage and for the manufacture of appliances for Government institutions, which amount was deposited in the Treasury to the credit of the appropriations for wages of workmen and contingent expenses of said institutions.

Acts approved June 6, 1900, March 3, 1903, April 28, 1904, and March 3, 1905, contained the following specific appropriations: New machinery and appliances, mint at Philadelphia.. New machinery and appliances, mint at Denver..

$440, 185

345, 055

In addition to the specific appropriation of $440,185 for the mint at Philadelphia, that institution has collected $4,600 from the mint at Denver for the manufacture of steel rolls, which amount has been deposited in the Treasury to the credit of the appropriation "New machinery, mint at Philadelphia."

The expenditures from these appropriations during the fiscal year

were:

Mint at Philadelphia..

$13, 322.60

Mint at Denver....

131, 130. 61

The total expenditures from the above appropriations to June 30, 1906, have been:

a Includes $40,995 received from the Government of Mexico as charges on coinage; $8,100 received from the Government of Panama as charges on coinage; $4,977 received from the Government of Costa Rica as charges on coinage; $13.40 received from Philippine revenues as charges on proof coins; $187.26 received from Government of Mexico for manufacturing dies and counting hoppers; $12,258.75 received from mints at San Francisco, New Orleans, and Denver, charges for manufacturing machinery, etc.; $482.82 received from assistant treasurers of United States at Philadelphia and Chicago, charges on manufacturing counting hoppers, and $383.46 received from War and Navy Departments as charges on manufacturing medals, etc.; $23.78 received from Louisiana Purchase Exposition Company for shipping boxes for medals. Includes $14,130 received from Government of Mexico as charges on coinage; $2.120 received from Government of Panama as charges on coinage; $354 received from Government of Costa Rica as charges on coinage; $3 received from Philippine revenues as charges on proof coins; $84.60 received from Government of Mexico, charges on manufacturing dies and counting hoppers; $5,067.05 received from mints at San Francisco, New Orleans, and Denver for manufacturing machinery, etc.; $260.49 received from assistant treasurers of the United States at Philadelphia and Chicago, charges on manufacture of counting hoppers; $31.83 received from War and Navy Departments as charges on manufacturing medals, etc., and $19.72 received from Louisiana Purchase Exposition Company for shipping boxes for medals. c Includes $12,843.79 received from Philippine revenues as charges on coinage. d Includes $3,102.14 received from Philippine revenues as charges on coinage.