Show FLfANCE AND MINING Business of October Compared with Last Year j WEEK IN MINING CIRCLES I THE j f I Dank peposits Kcteipts of Ore and BullionThe Orescent 1 Other Mines II The month of October is usually the heaviest one in business circles during toe year the rush of shipments that assoccurs just before the snow flies al Ivrays fhe dried fruit crop the harvests and onferencc combined make the thirty co days in that month witness a greater yo lame of trade than any corresponding in the twelve months ing period It is a somewhat curious fact and one rise to the wonder whether that gives there is not a great deal imaginary in the cry of dull timesthat the largest report the month of October of houses this year as fully equaling in the i volume of business done the same 4month in 1883 A HERALD reporter yesterday asked Mr Hills cashier of Deseret National Bank how the de nosits in the two months compared 1 It is a little singular Mr Hills rePlied in view of the general com Plied l blaints that our deposits are fully up p to those of 1883 and last year was generally counted a good one ° The bulk of your deposits comes from merchants does it not the reporter re-porter inquired r Yes from merchants and cattle men cattle are off somewhat now but it is remarkable how the trade in the Territory Ter-ritory holds up dealers go through every now and then and from the number they drive out you will think they had depopulated our ranges but next year finds apparently as many as 1 ever again E How does the banking business now ampare with wh at t was in the p THS J J It is much better the deposits this fill Lave been considerably heavier First National Bank of Provo stock od during the week at 105the par slue being 100 the stock pays 10 per eat and has a heavy surplus A block of Z C M I stock sold at UOeidividend The semiannual dividend of 5 per ent on Coop stock was payable yesterday yes-terday Utah Central bonds were offered dur g the week at 935 900 was bid J Ore Bullion and Mines iL8 receipts of ore and bullion at the IKS in this city Jor the week ending rday November 1st amounted to la 1091against 13334630 for the laf previous I receipts were distributed as fol 1 ells i Fargo c0 Co Value pi 1 + Cars Horn Silv bullion 5400000 Jd B < Bars Ontario 3174091 t 1 Bar Christy 199090 Total 8773091 eo t + Hi I McGomick c0 Go i Value 9 I Cars Hanauer bullion 2118000 i Queen of the Hills ore 650000 Jj 2 Lots Crescent ore 505000 hot Wood River ore 130000 2 Bars Stormont Silver k 340000 2 cars Nevada ore 350000 al J Idaho ore 405000 n Total 4498000 Total shipments week 13271091 d0 Thc Lead Mine Mr Hanauer informs s us that the J sual heavy force is still employed at his property The concentrating mill 3 om only running during the day now f s during the night ds well Twenty r tons of concentrates are daily sent l the Morgan Smelter J The Queen r Conklin states that advices from fiine and mill indicate no diminu i the output of firstclass oreand trates Forty menare employed rifle the superintendency of Captain and about fourteeirrtons per day at to this market No recent sales ock are recorded TIle Hiatt r Cummings has an assay of a pie from this property whio goes J 1 ounces in silver He was on the verge j of making a shipment and when sauntering saun-tering past the Wasatch corner one day jwas run in on the open venire and Kept p close confinement for several days i Jaad nights on the Connelly case He J 1 s now at liberty andAvill carry out his I 1 intention 4 4 The Emma not the English Emma but the 1 jood River property owned by Ol Shaugh aessy and Mr A Jessen will not make any active shipments this winterbut all Operations will be conducted with anew a-new to putting the mine into the best jlossible shape for production next ea A mm will be erected on the pro lefty next spring with a sufficient num ber of stamps to crush twenty tons ofT Ore of-T day The assay m average assay at pre e IK iop ounces of silver and ashght b Owing in gold Arizona Copper Product The Arizona Gazette thinks Arizonas total J product of copper this rear is ex roan 1ected i last to be near y 50 Per cent greater tf years yield which amounted Over 1 000000 pounds Immense Tramway 31 A T tramway is being put up at Butte I for r the Helena tin Mining Reduc tion tive n company WIlen finished it wilt be total largest of its hind in the world Its length is three miles t fa requiring a 1 t ii 1tt tt Shell SIX The contract stipulates J tons t shill be capable of transporting of or aura ore in the given time of ten 1 t 23wnf and that too at a cost of less Cents rw itt eoi t her ton The present ex ran jlt i i about 290 per ton I I Halley Ore Shipments The ore shipments from the Hailey sampling works the last month says the Tuscarora Nev Times aggregated 1911258 pounds or 97 tons of the average value of 150 per ton or a total value of about 150000 ° The Anaconda 15As evidence tJ remarks the Nevada City Transcript of the capital required to maintain and develop some mining properties itis stated that 4000000 has been expended on the Anaconda mine and properties in Montana The mine is owned by J H Haggin and George Hearst It is supposed to contain one of the largest deposits of copper found in roe country The smelting works recently re-cently erected at the mine are said to be the largest and most complete improvements im-provements of the kind in the world The Emma Little Cottonwood Mr Cullin superintendent of the mine stated yesterday that the water was now under control and that ship ments would soon be commenced Twentytwo men are at present employed em-ployed Alta he says is dead The Crescent Mr Arthur Brown who has just returned re-turned from visit to the mine states that everything is working in good order or-der and that the concentrating mill which has been doing some experimental experi-mental running for the past few days promises to fulfill all expectations The tramway is working finely Mr Brown says that despite the vast quantities of ore which have been taken out of the Cresent siuce his last visit the property really looks better than ever so many new ore bodies have been opened up in the working The Michigan Mich-igan stockholders are in the city in readiness for the annual meeting which convenes tomorrow morning at 10 oclock A meeting of the directors was held last evening at which Mr Ferry presided No business of any importance import-ance was transacted the only proceeding proceed-ing being to inspect the report preliminary prelim-inary to presenting it to the stockholders stock-holders t 1 The Frisco Mr W S Godbe yesterdayinformed a HERALD reporter that only sufficient ore was being shipped to enable the min to keep ahead of expenses The sale he said was by no means an assured as-sured fact If it was not accomplished the company would build a smelter of its own near Sandy and operations would be conducteeTon a large scale Ontario was last quoted at21 per sharer l The full number stamps resumed working at 2 pm on Friday |