Show 1 FINANCE AND MINING 7 Summary of the Financial Situation ORE AND BULLION RECEIPTS InactlceliusinesEZ C 31 Sale MIn las Notes Lead Market Mar-ket Decisions The PAst Week 1 Business in this city during the past week has been generally inactive In contradistinction to the generally reporfed prevailing dullness in local business circles Secretary T G Webber Web-ber of Z C M I informs us that the sales of that institution for the past six and a half months of this year are fully up to those of the same period of last year The sales of this month July so far show an increase over the same portion of last July Carefully compiled statements like these are a true barometer of commercial affairs We trust that the improvement will continue The potato crop of Colorado it is estimated will 1105 this year exceed fifty per cent of last season This means a continued and bitter market there this fall for the Utah spuds The prospects of war between Russia and England has already given an upward up-ward tendency to the price of wheat m the eastern and foreign markets Ve are pleased to chronicle the growing grow-ing demand of Coloradofor Utah wheat About thirty car loads have been I shipped from Thistle Station to a Pueblo i mill during the last month The wool crop of Utah this season is rather above the average in quality The greater pprtion of the clip perhaps threefourthsis already in the hands of the dealers The local advance in prices is mainly due to the sharp competition com-petition among buyers not being altogether alto-gether warranted by the eastern markets mar-kets which butslightly firmer While our shipments of cereals and vegetable products will unquestionably continue yet our future mainstay of revenue will be in the movement of livestock live-stock One of our Denver exchanges says on this subject An official of the Denver Rio Grande said to the Record but yesterday Our road has hauled five thousand cattle over the Marshall Pass into western Colorado this spring and the travel of this kind has only commenced A gentleman competent to know says that there will be twenty thousand fat steers in southern Utah by the first of September that will be marketed in Denver should there be buyers here to take them The Rio Grand will haul them out of that country Recent Decisions From Bradslr eta we obtain the following follow-ing recent legal decisions In the case of the Western Union Telegraph Company Com-pany vs Heysers the appellees recovered recov-ered a judgment against the telegraph company for the sum of 122 5o a damages for failing to transmit a message mes-sage ordering certain machine attachments attach-ments for a reaper and binder It wa shown on the trial that by reason of the failure of the company to deliver the message the appellees machine wa ide for several das during which time their wheat crop was greatly damaged the appellees being unable to harvest ti e same with their imperfect machine The evidence further showed that the appellant was fully informed of the im portanre of the message and of the injury in-jury likely to arise if delivery of the I same was delayed The Texas Court of Appeals held this evidence ample to fix negligence upon the appellant and to sustain the judgment II Liability bank as collecting agents The owner of an indorsed promissory note left it for collection with the First I I National Bank of Gallipohs Ohio at which place the note was dated though no place or payment was named in it I The note was not paid when due anti was put into the hands of a notary for protest The notary failed to mark demand de-mand but protested the note and gave notice The owner paid the bank the amount of the notarys fee and then sued the endorser who was adjudged not liable on account of the nutun negligence It appeared that the bank had no agreement for compenstion as collecting agent nor any expectation thare hnrn tl 1t Ct thereof other than the incidental advantage ad-vantage pertaining to such service and in an action against the bank Bank vs Butler the Ohio Supreme Court held that the bank was the subagent of the owner and was not liable for the failure of the notarv to present the note for pavment whereby the indorser was re leased from liability Ore and Bullion The receipts ore and bullion at the various batiks in this city for the weekending week-ending Saturday July 18th amounted to 10901690 agalnst134C5690 for the week previous they were distributed as follows I I fly JfrCornifk d Co 10 Tan Hammer bullion 30000CIO I i I i Queen of the Hills ore 5410O1 2 Bar btorniont 334000 1 lot JinjHonerore 35fOOOi i i Nevada ores lCOOOO I Total w 4391000 I By Welts Fargo Co 45 Bar Ontario bullion 2979244 I 1 small silver bar 1841 I I Total u f2997eM I I By the Union National I J I 41 hars Alice 35i5J52I Total hipmentb for week lOG4n I f I I Base metal and ore output for the I week enI imp July 18th Ibs i 17 car + liullimu 4309lv5 I 7carslead errs I 80 3 6 5 car ore r 1330 o13SOIr6 I 1 Total 1992 lb 41 ex The exp ectedjshpmentsof J 1Ytm ipk havebeth madeahd are now ° lying i utl the 1 City Sampling York in fti1d = = = lots of twenty tons and fifty tons The samples will arrive so tlfatr the assays can be made in this city tomorrow when values will be known a Lead HarKot We clip from the latest number of The Engineering and Mining Journal i The lead market is very strong and advancing II ad-vancing The combination is advancing the market steadily and today the cholera in Spain came to its assistance I I by advancing the price of soft Spanish lead in London to 13 10s from 1110 yesterday and zlO 17s Cd a week ago At this rate foreign lead could not be laid down herebelowS cents Naturally this ha strengthened the market here Sales have been made during the week of LOO or 700 tons at 4i5c for the most 1 part and a few small lots l at we are told 407J c There is every probability that the price will advance to 4X probably before the date of our next issue and some believe that even a higher figure is in store for us The statistical position of the metal is undoubtedly un-doubtedly strong The stoppage of the Horn Silver mine has cut off some 7000 tons from the years supply Notes The Deseret Bank reports a sale on Friday of 200 shares of Horn Silver at S2CO No record of transactions in stocks of Utah mines are reported in our New Yerk exchanges for the past week Local securities are quiescent We learn that 20 shares of Gas Company stock were offered at GS sad six shares of Coop stock were offered at 90 but no buyers 190 prove very uncertain and consequently 4 very interesting Horse racing by many is regarded as demoralizing in its influence but to an unprejudiced mind it is the noblest sport ofnlI Going > Go-ing to the races doesnt neceSsariy imply that a person plays the pool box 01 that plunges on a certain horse 1 e may be partial to For if he avoids the I betting ring there can be no contamination contamin-ation even to the strictest of church members The management offer the very liberal sum of GOO for the days racing and should be encouraged by a liberal turnout of the people |