Show pjNANCE AND MINING The Opening up of the Usual Spring Trade LEAD AND SILVER ARE DORMANT Ore and Bullion Output Tea and Coffee Market Hallway Earnings Xevs From Many Jlincs The Potato Outlook Spring is here and with the marked chcfnge in timperature the uncovered and tillable fields the impetus given to building build-ing and all kinds of outdoor work we may expect the increase of business that we invariably look for at this season of the business houses i year Inquiries at leading reveal the fast that the two months o the new year have been satisfactory Collections Collec-tions are somewhat slow and remittances rather tardy The failure on the part of the railroads to come to the relief of the overstocked farmers of Utah and thus enable them to dispose of their tubers is a matter of regret re-gret This is especially so when as will be seen by reference to the appropriate heading head-ing a Union Pacific agent hast cm exerting exert-ing his energies in favor of the people of Idaho ignoring entirely the requests from Utah The real estate deals during February were not nearly equal to those of the preceding pre-ceding month If However the prognostication prognosti-cation of dealers in reality can be relied upon the present month will bring a rush Just as soon as the inauguration is over1 fecd a dealer yesterday course he was a if jiublican you will see a great many people heading west No I do not look for sic AWcs as were witnessed further west a couple of years ago neither do I nor anyone else who has the interest of Utah at heart desire them Overbooming for a time no matter how long or how short means a reaction for the same period yes in some cases for ten times as loner Apt A-pt > n < lv trrewtb is what we want is what ive are assured The Shale Beds lv A Hodges tae wellknown assayer giv s the following as the result of an analysis of Parleys cafion shale PERCENT Silica 1S91 Alummu JilU Se uioxideo Iron 308 Carbonate of lime 77C rahnnate of majjnesia 247 tZ JJagnesia o trace 1U9G lhis would give after calcination a substance sub-stance of the composition given below and which does not greatly differ from the composition of a cement made and used in Germany u partial analysis of which is given as a means of comparison CAMIIXEI SHALE Silica h 1057 Alumina 392 Sesqul oxide of iron 4M Lime OST3 Magnesia 184 GERMAN CEMENT Silica 2111 vma nia u I1IO 1Ulna Lime KU3 Magnesia h 293 Old Claims Allowed The court of claims has given judgment lor 1002517 in favor of the Central Pacific railroad company in its suit against the Knited States for withheld dividends Judgments have also been awarded to Charles A Perry and J C Erwin Co for 5326 and 7755 respectively on claims arising out of the expedition to Utah under command of General Albert S Johnston f The Output of Quicksilver The output of quicksilver iij the United States is increased from a9Sl flasks valued at l00OO0 in 1SS7 to fi51l flasks 0 worth 1420000 in 1SSS Hallway Earnings The Denver Rio Grande earnings for January were 8572000 against S5Si47 for the same month in 1SSS Denver Sa Rio Grande Western 11302o as against ScO j in January Icnb The Baltimore Ohio railroad reports its gross earnings for January at Sl5 < 0207 an increase of 101iK as compared with the Ji ii corresponding month of ISSfj operating expenses ex-penses 41is22S an increase of 542M and lift earnings S3J7J79 an increase oft of-t J The Bank of England Statement The weekly statement of the Bank of England shows an increase in bullion equal t O The proportion of bank reserve to liaouity which last week was 4485 percent per-cent is now 4540 per cent The weekly statement of the Bank of France shows an increase of 6730000 gold and 775000 silver An Improvement in Dry Goods There has been a decided improvement in tae general dry goods trade this week says the Chicago Time and a further cut in prices for staple ginghams in response to hostile movements upon the part of New York wholesale merchants made a lively l demand for the goods The fight between vJCew York to secure the western trade has 1cw 4 fesulteq m a sharp decline in the most popular pop-ular prints and ginghams and they ere gnghas consequently having an unusually large sale Such printed dress goods as satin chaUies lawns batistes chambrays PC calcs cambrics wide indigoblues blacl sand s-and gold fancies and turkey reds are me ting t-ing with a good demand right along St ch soft wool fabrics as tricots plaids strip sand s-and novelties are in fair demand and fan < y worsteds cashmeres Henriettas luster mohair printed allwool and cottonwa p challics printed beiges etc claim a 101 d deal of attention from most buyers whlc lowgrade fancy cotton fabrics in mixtures V plaids checks and stripes are very popular lead and Silver Advices from New York show that 300 ions of lead sold at 3G2 500 tons at 6 and 5 tons at 375 Sellers there to believe that arc jubilant and they begin t the end of the long depression has at last arrived at the same time however consumers con-sumers remain indifferent insisting that the deliveries are too poor to guarantee any t advance at present and with a unanimity of purpose that ind cates a perfect understanding under-standing they abstain from the market St Louis reports a business of 700 tons at 8345 with 350 asked and Chicago 500 tons at 5 The surplus stock at New York has been but slightly diminished there being some arrival which has O e into store It is estimated that there is L tat int tast 15000 tons surplus and unfortjn jiLJejtclv it is in the hands of those whose ciily object is to get rid of a their connection connec-tion with lead A New York exehancc publishes a semiofFcial statement of tre affairs of N Corwith oS Co showing lir bilities of 1100000 assets of 5003 and cash of 1 with a claim against G Coi with of ssooooo In Salt Lake lead has been inactive It opened a week ago at7365 and closed yesterday yes-terday at 3TO Silver has held its ownthat is it has been dull and lifeless Opening a week ago at 03K it fell to 03t1 and 93K the latter lat-ter being the figure quoted yesterday The Products of ou Neighbors Statistics of Canada and Mexican commerce com-merce show that the United States despite the barrier of a high tariff continues to absorb an increasing share ot the products of her neighbors while the exports from Canada and Mexico t Europe relatively decrease Of agricultural products especially ially the United States is rapidly becoming the consumer of their surplus production The Tea and Coffee Market 13 Jj Advices from the east by mail say coffee is becoming firmer ant Rio is likely to adVance vance on account of the poor crop prospects < i iii in Brazil There are SMCOO bags of coffee in Holland SC 4000 bags in Rio and 415552 bas in this country and afloat for our shores The United States is the largest consumer of coffee in the world requiring for its wants more than is consumed by Germany the United Kingdom Austria Hungary and France combined Of the coffee imported into this cointry Brazil supplies 73 per cent Venezuela 10 percent per-cent Central America 7 per cent and British Brit-ish West India Hayti Mexico and Columbia the remainder Teas are generally held rather firmly on account of the recently large speculative buying and tho short crops in China It is stated that almost onehalf of the entire crop of Amoy Oolongs has arrived in New York on the vessel Henrietta which also had 11000 packages of Formosas The cheapest class of teas are the better grades of Formosas which the market is temporarily tempo-rarily oversupplied with Japan teas of the early receipts of last years crop are becoming scarce and firmer The Potato Outlook The following letter received by a prominent prom-inent shipper from a big produce house in Kansas is but one of the many that arrive arve weekly in this city all of the same tone Your favor of the ISth received this morning Mr G W Cowen handed us your letter of the 12th to him requesting us t answer it We think we understand the situation your people are in in regard t potatoes a about the same state of affairs exists through the States of Iowa Illinois Dakota Minnesota Wisconsin and Michigan and wo are constantly in receipt of quotations from these different States at what seems to us ruinously low prices and yet we are able t handle but a small portion por-tion of sjme offered We think however if you could make prices low enough that we could move a large quantity of your stock in this Territory this spring but owing t the straightened financial condition condi-tion of southern and western Kmsa3 ard I also to the fact that tie eastern crop is I exceptionally good in size and quality this season you will be obliged to make prcc more nearly to those offered from fie east than heretofore We can now buy choice Iowa notatoes at 20 cents to 22 cents We enclose you a quotation of February 4th ranging from 23 cents to 25 cents from one of the largest firms in Iowa the only one we have available just at present but since then there has been a decline of 2 cents 1 o 3 cents now the freight from thereto i there-to this point is 3 cents per hundred or about 20 cents per bushel sacks say 5 I cents which would make the cost delivered here range from 45 cents to 47 cents sacked I per bushel Now points west of this to the State line there would be an increase of freight of from 1 cent to 7 cents per bushel owing to the distance to the southern south-ern part of the State and Indian Territory about the same increase Your potatoes at the price you mention G cents f o b would cost 72 cents per bushel to any station tion in Kansas and SI cents to any station in the Indian Territory or take it all through an average difference in favor of eastern stock of at least 22 cents per bushel Now for reasons stated above the consumers will not pay this difference for your goods and we are satisfied that if you wish to move your stock it will be absolutely ab-solutely necessary to reduce the delivered cost at least 12 or 15 cents per bushel Possibly you can get the railroads to help you out in the form of a better rate if not then in our opinion it will require heroic measures in the way of reducing your prices We would suggest further that it is a matter that will require prompt action as the first spell of pleasant weather will see our country overrun with eastern potatoes Could wo get out on the road before this occurs we might be able to dispose dis-pose of a quantity of Utah stock but you know when the country is once supplied even if it be with inferior goods there is little chance of effecting sales Wcaie willing to make an arrangement with the Utah produce exchange of this kind to pay our own traveling expenses and push your potatoes in western and southern Kansas Indian Territory and Texas for a commission of 10 cent per hundred pounds you giving us to a reasonable rea-sonable extent the power making prices nil goofs to be shipped by the exchange direct to the parties t whom sold the exchange ex-change assuming all risks of accents we however agreeing to use due care in making mak-ing sales only to responsible parties Should our proposition meet with your favor and you can make prices that in our judgment will permit your potatoes being used in this market we will be glad to hear from you prmptl or if it docs not meet ypur views in all respects will bo pleased to have you write us suggesting what changes you like As to the matter of commission however we have placed it as low as it is possible It is learned from what should be reliable sources that there is but little prospects of the railways coming to the assistance of our shippers a it was once thought they would do At one time there was every reason to believe that tho Union Pacific at least would make an effort to relieve our overburdened farmers So far however there are no indications that any concessions conces-sions will be made And apropos of their refusal or neglect the following from an Idaho paper will not be without interest Mr J V Parker general agent of the Union Pacific railroad has been endeavoring endeavor-ing t find a market for all the Idaho potatoes pota-toes now on hand and from report we believe be-lieve he has secured a market for all the potatoes that Idaho can furnish He desires de-sires to ascertain from every rancher in this vicinity the number of pounds or bushels he can furnish for shipment giving fia hr the quality and variety i IhIut he will make arrangements with parties for buy ing and handling them I any rancher in this section of the country tributary to Eagle Pock Camas or Market Lake will send a statement to the Ilcyistcr giving this information we wil see to it that the in formatic n sea7l es Mr Parker at once He I desires this iuiormation by Saturday March 2 For the benefit of those who desire de-sire t furnish this information we have prepared a blank form at the bottom of the last two columns of the opposite page of this paper which can be clipped and filled in with a pencil and mailed t us Attend to it at once It is a matter that every rancher is interested in In addition to this it would tc well for many of those who are convenient to town to put up a fair sample of some of their potatoes in a small cloth sack and bring them to the depot to Agent Barker who will forward them to Mr Parker who will have them placed where they will do the most good Oar Wholesale Markets The following wholesale figures were obtained ob-tained yesterday from a prominent member of the Utah produce exchange They maybe may-be relied upon as correct on the date mentioned men-tioned WHEAT Light demand mills are stocked up Buying SOc selling 83c3S OATS Xo demand lug supply of Oregon and Montana on hand Buying f5f 5125 C30 BAIUEY Xo demand except for seed Buy ing ISle selling 8l003SIlO KVE A demand is looked for as large amount of acreage will be sown within a short time Buying S100S110 1 selling SI2J3JS1SO Cous Demand light and market well stockel Utah buying 90cl selling iUUgilSO Eastern selling SI 120 LUCEIIN SEED Demand continues in excess of supply Growers of this article can find a ready market at fair prices FlXUii Mills continue overstocked and the export trade is not as heavy a i has lAjen Selling generally at jobbing prices even for a single sack Market demoralized Patent 5275 fancy 200 family 53TO BOAN Good demand i supply fully equal Buying 70c selling Soc SHOUTS Good demand supply fully equal Buying Sic selling Cc < SIO > BKAN AND Siioirrs MIxEDDemand active large supply which is now being quoted at Soc P5c HAYBad roads have caused the demand 1o improve although rrces have fallen Baled timothy buying 13 13514 selling SlGlb Uplandbuying I UJ sellng 103514 Alfalfa buying JI selling Sllff12 PoTATOES now locks as though the railroads rail-roads would not grant the concession asked for by the shippers and in this case prices must drop to EOc sacked fob here The same state I of affairs exists here as throughout Illinois Iowa Dakota Minnesota and Michigan I ONIONS Unchanged supply g od no ship ments BUTTER Good demand for firstclass choice is sold wholesale at from 18 to 2 20c EGGS Good supply fresh case lots sell at 20cSALT SALT Stationary prices for Butto shipments SI10 f o b at Salt Lake Table and dairy 5s and lO delivered t jobbers at S3 per ton Cattle salt good outside demand lake lump S3 Nephi mountain rock r o b at Nephi 350 Salina mountain rock SO mount rock roTe ro-Te Future of Copper She French copper syndct Is not find Rl ing life the same sweet bed of rosjs it first lay down upon says ths Slintny Industry It is loaded up now with 130000 tons of copper which cost about 45000000 And the product of the world which has been greater than the demand for the metal is constantly increasing The result must be to still further increase its holdings The capital of the s syndicate probably never exceeded ex-ceeded 25000000 at least that is the greatest great-est amount that rumor ever gave it qnd rumor is never below facts when it deals with big figures The syndicate must consequently sequently have borrowed very largely upon its stocks of copper It looks as if it had reached the limit of its ability to borrow because it is trying t organize a metal bank in London to assume its load In other words the Frenchmen appear t be I I trying to unload upon the Bloody English Eng-lish The syndicate cannot be far from its end According to the London papers it is losing credit and the largest metal brokerage houses decline its business Copper in London market can be bought for JE1 per ton less than the syndicate is paying for it or agreeing to pay for it payng It should not surprise any one if the collapse col-lapse came any day When it docs come I the market for copper will be demoralized and the price probably fall below 10 cents per pound The uncertainty about when that time will come affects the market for ore very serio usly and is to some I slight extent checking operations looking to extensive future production Ore buyers buy-ers will not make contracts for copper ore extending into the future because they feel that the future has no promise in store I that is not dangerous The syndicate attempted an impossibility It tried to control permanently the price of a commodity by a policy that would increase in-crease production and reduce consumption without power to control either It is the greatest and apparently the most foolish attempt to overturn one of natures unchangeable un-changeable laws that the financial world has ever seen I is a pity that it would not act as a deterrent and warning to many other enterprises offered the dear public which in the future must take a place with it as comiserables The Situation in the East Advices from New York are to the effect that it can hardly be said that business has improved during the past week and the accounts from interior points almost uniformly uni-formly represent trade as rather quiet or at best fair The clearing house reports continue to show gins over last year at a majority of cities but the number falling behind is larger than it has been of late This weeks report show in the aggregate outside of New York a gain of 107 percent per-cent but a large part of it is due to stock speculation at Boston In January and hal of February that city recorded an increase in-crease of SC000000 m payments over last year but the increase due to sales of stock alone was 01000000 so that other business does not appear to have increased at all At Chicago and some other western points grain speculation has in like manner inflated in-flated bank transactions The evidence of an increase in the volume of business is therefore less clear than it seemed recently but general confidence in the future continues con-tinues unabated The failure of railroads to assent to the interstate agreement and the decision to organize without several which were at first considered essential to success have weakened confidence in the efficiency of that arrangement The net carings over operating expenses on 127 railroads for 1SSS amounted to 235145 < OG against 253 972020 in 1SS7 showing a loss of about 9 percent per-cent for the year of which the greater part was on northwestern railroads The refusal of the Iowa commission to modify its new schedule of rates is also announced and their enforcement is expected to affect earnings unfavorably In breadstuffs there has been a strong market with the usual lack of definite reason Atlantic exports do not improve and corn goes to Europe in great quantities in place of wheat while the exports of wheat from the Pacific ports are remarkably large But wheat has risen 28 cents since last week without change in corn while oats have declined a quarter Pork is steady and lard stronger while hogs arc weaker each by 15 cents per 100 pounds Cotton has risen an eighth with sales here of 400000 bales but the receipts re-ceipts this week have been 90350 bales against C1024 last year and tho exports only 70418 against 100130 last year Coffee is a quarter stronger with sales of 21X3000 bags and oil nearly a cent lower The general gen-eral average of prices for commodities has declined during the week and has now lost more than the entire advance early in February Feb-ruary The prevailing tendency still seems to be toward a lower level Interior cities all report money in ample supply and nearly all report collections slow or somewhat some-what backward The treasury has again increased the circulation about nine hundred hun-dred thousand dollars by excess of disbursements dis-bursements over receipts for the week A noteworthy improvement is seen in exports from New York for the week making the gain for three weeks of February 17 percent per-cent against an increase of 4 per cent on imports As there is no longer a prospect of tariff legislation of any kind at this session while a reduction of internal revenue is possible the monetary prospect is at least as favorable as it has been at any tie this year but the uncertainty uncer-tainty as to the movement of securities does not diminish A considerable withdrawal with-drawal of foreign capital seems just now the only apprehended change which could seriously disturb the money market for some time to come and of this there is as yet little indication The business failures throughout the country during the last seven days as reported to R G Dun Co number for the United States 229 and for Canada 41 or a total of 270 as compared with a total of 2S9 last week and 303 the week previous to the last For the corresponding corres-ponding week of last year the figures were 270 made up of 237 in the United States and 3 in the Dominion of Canada At the Banks The ore and bullion receipts at the various banks in the city for the week ending Saturday Sat-urday March 2 were 7300000 as compared with 9358000 for the week previous They were reported as follows By JcConiiot < fc Co JcUorni < f Hanauer bullion 18TfiO 0 Silver and lead ores 3710J 03 Total S 53400 CD ill Welts Fargo f Co Silver and lead ores 12373 r Base bullion 910703 Gold bar 1003 03 Total 22510 O Total shipments for the weekS idOl O |