Show FINANCE AND MINIM The Fall Trade Booms Beyond Anticipation OUR ORE AND BULLION OUTPUT Lead and Silver The American Brewers to CombineNews From Utah and Idaho Mining Properties The fall trade is upon us ill full force In fact it has been here for some time Inquiry at that great barometer of finance Z C M yesterday revealed the fact that the volume of business transacted bi that institution is away in advance of that of the same period a year ago Trade during dur-ing August was unusually heavy and considerably con-siderably ill excess of the same month of 1SSS A tour through the various departments depart-ments of the institution confirmed all that bad been uttered in the general office September said one of the leading lights rromises to be the biggest month in the history of the institution And to what do you attribute this remarkable re-markable increase Well that is a difficult thing to answer The chief cause however would seem to lie in the fact that our country merchants have reason to believe they will be favored with a large fall and winter trade and ate making preparations to meet it The rush now upon us is from three to four weeks ahead of time and we aro several days behind be-hind with our orders notwithstanding the packers are being worked overtime Isnt it possible that the railway activ itj1 in and near this city has had something to do with the remarkable increase you I speak of I Yes I am inclined to believe that is true as the amount of goods sent out to contractors on the Rio Grande Western is something enormous but this docs not explain ex-plain the big increase I have spoken of by any manner of means It must be that the territory generally is in a healthier condition condi-tion than we had any reason to suppose it COL be when the scarcity of water in ioiue sections is considered A member of another large firm was seen later Yes he said trade with us is remarkably good and the fall rush struck us almost before we were prepared for it Asked what ill his opinion was the cause ol the improved condition of trade he said The increase of population has consider blc to do with it I tell you as a city we wowing a much faster rate than anj waite atraugers are coming most of us bcra than mutiy of us m in greater nuu 1heletV3t a 03111 when have any idea of There llilirols I 1 knew personally most of mv now I do not oven know the faces o QIlC J half of them The present condition of trade and the future outlook is very satisfactory and encouraging en-couraging then Decidedly so I do not remember when it was ever better than now i The permanent mineral exhibit at the forthcoming fair should not be lost sight of b our miners and mineowners One of the most important movements in I I business circles during the week past was the acceptance of thoplfins for the chamber of commerce building ground for whicti I Will be broken IvVng the prcscn Wcl Lcail and Silver Lead closed at 5lPO when our last report was made in these columns It opened on Monday at the same ligure rose to S393 and remained firm until Friday when it fell back to 3K at which point it closed last evening Advices from Eumpt nrc to the effect that the market remains steady In Chicago the market wns quiet < < and but little of the metal changed hands Prices were steady and firm In St Louis the market was practically unchanged Buyers are holding off in anticipation of a decline and purchase only ellough to supply their immediate wants Silver crawled up to m I during the week but soon fell to ttJ4 at which figure it closed last evening A Jlrewers Trust It now looks as though the American brewers would combine against the English syndicate that has been making such inroads in-roads upon our malt establishments lately According to our latest advices the Americans Ameri-cans have projected a gigantic syndicate or pool l In an interview lately Charles Men Itch vicepresident of the KransMerkel malting company said There will be formed a gigantic stock company that will buy up or control all the more important breweries of the country Its capital stock will be 1000000K Tho breweries of St Louis have already organized to this end and are ready to join the combine The important im-portant brewing centers of New York Milwaukee Mil-waukee Cincinnati St Louis Chicago New Orleans and Kansas City will be visited and brought into the scheme Captain Fred 1abst president of the Pabst Brewing company August Mihloin of the Schlitz company Val Blatz and other brewers brew-ers of Milwaukee have cxnressed themselves them-selves in favor of the projected combine I Domestic and Foreign Coin The following are the latest market quotations for American and other coin Illd Asked Trade dollars S 7i 1 Mexican dollars < 71i Vj 74 Peruvian solos Chillian pesos 79 73 tngllsh sliver 4 I 85 4 SO Five francs 04 95 Victoria sovereigns u 4 K 4 hJ Twenty francs u KS a m Twenty marks 4 T4 4 7 M Spanish doubloons 13 J > 5 15 I 7T Spanish pesetas 4 I HO 4 ta Mexican doubloons 15 M 15 ro Mexican PCW 1PM ifl 1 > Ten gulldcrs u 1 M 400 Foreign Bank Statements The governors of the bank of England at their weekly meeting made no change in its minimum rate for discount and it remains at 4 per cent During the week the bank gained 149000 sterling bullion and the proportion pro-portion of its reserves to its liabilities was raised from 4080 to 422 per cent against a decrease from 4455 to 44 per cent in the same week last year when its rate of discount dis-count was 4 per cent The weekly statement state-ment of the bank of France shows a decrease de-crease of 225000 francs gold and 975000 francs silver An Alaska Gold Mine The Par gold mine or as it is commonly called in Juneau Alaska tho TreaUwel mine is immensely valuable It is owned by Colonel J D Frye an urbane white haired San Francisco millionaire and several other nabobs of the California metropolis It has been operated only a few years The largest stamp mill in the world 240 stamps has been erected on it and is producing such rich returns as to put the value of the mine way up in the aristocratic neighborhood of 100OOU000 The Pars enters at a narrow gulch into the base of one of the rugged mountains which make up Douglas island The vein of ore is forty seven feet wide and has been followed downward to a depth of 2 feet without the bottom of the ore being found Is it any wonder that Colonel Frye wears a smiling countenance just above his necktie The ore is of a low grade yielding from C to 12 per ton but the immense quanti i et ties of rock which are crushed make the gross product immensely profitable the cheap chlorine process being used t extract ex-tract the metal from the pulverized mass As each stamp breaks two and a half tons per day and as the Paris has 240 of these iron and steel masticators Colonel Frye can get away with COO tons of Douglas island every day that his mill runs at its full speed and capacity Douglas island is six miles wide and twenty miles long How much of its rock is auriferous n body knows Claims have been staked off in every direction An English company is nor erecting a 120 stamp mill on the claim adjoining the Paris and expects to pick golden eggs out of the Bears Nest as its property is called within a short time Our Trade With Canada The trade report of Canada for last year shows that her dealings with the United States are heavier than with the mother country Canada sold t the United States in 18S8 merchandise t the value of 425J OG3 and to Great Britain 42094984 showing show-ing an excess of sales to the United States of OO The imports of the United States were 4S4S1S4S 9000000 greater than from Great Britain The volume of trade with Great Britainimports and exports ex-ports was smaller lOSS than in any year since the formation of the Canadian confederation con-federation in 1837 while the transactions with the United States were larger than in any preceding year except in 188i and ISSJ Onehalf the exports of Canada of lumber and other products are disposed olin ol-in the United States and threefourths of i the minerals twothirds of the agricultural products nearly onehalf f her fish 40 near onehal 1sh percent per-cent of her manufactured articles and practically all ot the miscellaneous products pro-ducts reach the same market Trade in the East In the east the wars of railways do not cease but on the contrary are increasing in number and importance The exports of products are remarkably large for the season for two weeks 40 per cent above last years but the imports of merchandise aro also very heavy and the unrecorded imports of securities returned from abroad tend to turn the scales At every western and southern center money is in fair supply sup-ply with u demand generally good but brisk at Milwaukee and such at Chicago that an advance in rates is expected At Boston financial weather is still called cloudy and caution in scrutinizing paper makes the rate of less consequence for selected corporation paper sells at 4 to p per cent while most commercial loans are pr at 6 per cent The violent storm has disturbed business not a little along the seacoast and affected purchases for the interior Nearly all interior in-terior cities report trade as active or improving im-proving and the clearings through all banks outside of New York still exceeds last years by 2T per cent Though the government crop report was thought slightly unfavorable other accounts all concur con-cur in very satisfactory views and the course of trade at interior points manifests the confidence of local dealers But in some other branches and notably in dry goods and clothing evidence continually comes to light that past purchases in excess of actual consumption have left stocks on Kind which hinder new operations The wool market is nominally linn but If manufacturers rcfuse to buy the ex > ected lower prices will come The grocery 1 trade has been much affected by the I yfiather and sugar is also weakened by h conviction that a fall impends Bread ¼ been > inactive sutts vavc ee omparatively wheat is hi a cfnt higher with sales for the week of rij 19000009 bushels and lower with sales of 0500 I corn a quarter Wih ialcf J 000 COrl1 bushels On the wfciJCj speculation in products is making unusually little disturbance disturb-ance this year and the large cops arc therefore all the more likely togo into con I 1 and lit piodenite I sumption promptly 11d lt pldcmte prices The business failures occurring througl I out the country during the last seven days as reported to K G DlP elL number tel tbe United Stales ttil and for Canada 23 I l i total of iro as compared with a total of 201 last week and 211 the wed totl I previous to the last For tit coirrr161 lug week of last year the figures were 217 made up of lIlt in the United States and 27 I in Canada At tie Unnlw I The ore uml bullion receipts tit the various vari-ous batiks in this city for the week ending Saturday September tits were iU t5540 as compared With 14842971 for the week previous fliey were reported as fol lows Jill McCoriuck < t to Silver and lead ores 21100 00 lanauer bullion L1C50 O Total 4BJ5U m lit Wells fargo < f Co Ore 0 ti Base bullion 184S12 1 Fine bars HMHO 00 Total SS11510 Total shipments for the tccclt1184165 40 NEWS FROM THE MIXES At the office of Mr Hanauer the week reported as a very far one In addition to the usual shipments from Park city Bingham Stockton and Frisco were heard from as usual and there were several small lots of ore from Nevada The Jlorn Silver The stock was in good demand during the week at from SI I 25 to diO There were few sellers The usual shipments were made durincr the week The Ontario The usual monthly dividend has been declared de-clared payable on the Wth The Daly Stock is held at 20 and few are disposed to sell at that figure The usual dividend will be paid on the 30th The Wasatch The lletiril is authority for the statement state-ment that an eastern syndicate has purchased pur-chased the bulk of the Wasatch companys stock and that an assessment may be looked for soon The Alliance The assessment is due and payable on October 15th I The Union I The recent assessment of 1 cent a share ou the capital stock of the Union is payable on the 10th of October The Anchor The stock has stiffened I is now held by sonic at fS a share The Comstoek Continual improvement is shown The AVoodsidc Ors found in the shaft at a depth of sixtyfive feet proves to be antimonia silver going 48 silver and 50 lead The Mayflower Regular shipments come Iron the Mayflower May-flower tower The Crescent The Crescent was represanted ill the market by one of its usual shipments The Brooklyn The Brooklyn was the principal shipper I from Bingham I scat in 400 tons of con I ccntrates and second class ore Tne Spanish The Spanish shippel 150 tons of various grade of ore oreTe Triwankee One carload came dn from the Tri waukee I contained 16 lead 105 silver and some god The Saratov One carload cane from the Saratoga 4 i lead and ± i silver The Northern liht One carload oing 32 lead aol 1 silver Yoscmite No2 Ninety tons of the usual quality camo from the No 2 2The The South Galena Regular shipments continue to the Ger mania The BullionBeck Increased shipments characterize this property The Enreka lUll Foremost among the paying properties of Utah is the Eureka HilL The Hidden Treasure Sixty tons of ore came down from this property The Calumet One lot of concentrates was shipped by the Calumet The Honorlne The Honorine is a regular shipper the output going Sandy The Blue Bird One carload went 34 lead and 25 silver The Eagle A carload assayed 5 silver and a little gold King of the West A carload of ore has reached the Salt silver Lake market It assayed Ii lead and 15C The Ogden Properties Although considerable has been said about the Ogden mines none of the ore has yet reached the buyers in this city Whether there is anything in the Mun chausen stories afloat remains to be seen The Monday A lease has been taken by Morwick Bros and Will Dayton on this property The mine has always been of a pockety nature na-ture and the leasers will endeavor to find I the ledge by running a tunnel below the present workings I The Idaho Twentyone and a half tons of ore from the Idaho mine at Boyle mountain yielded as follows First class 140 silver 7 lead and 4 gold Second class 53 silver 40 cass lead and 75fi gold There is said to be plenty more of the second class ore insight cass sight The Allen Groan These mines are on Warm Springs creek A shipment during the week showed 94 silver and 45 lead The Rob R y This property has been leased by John Anderson and William Goring The mine has a good reputation and has produced heretofore large quantities of high grade ore I The Nellie Stoddard I This mine is now being opened under the immediate supervision of Mr Shuman ands and-s showing good ore about twentyfive tons of which are now being put through the Oro Fino mill as a test The 1oornian A tunnel is now being run to tap the reins of several of the group I will be cars large enough to allow a double track for I The Oiihir I The building of the Qphir mill and hoisting I hoist-ing works is now nn established fact Twentyfive men arc working on the grade for the mill site As soon as the contracts for lumber etc are left there will be employment em-ployment for 150 men I is expected the mill will bo in good riimrng order within ninety days I The CuiiiiiCrlaili this company is working its group of lines ih Rdss valleys ad is electing with 1 he best of success The claims cover a whole mountain tot litailo Tim Washington The mill will be started up in a few days Operations are retarded to some extent on account of a scarcity of the water supply In Sawtooth Although none of the large companies xcepting the Vienna who own mines in the Sawtooth district are working their properties still there is considerable work being done on many different mines in the district by individual owners and lesees None of the Sawtooth mines have ever petered out but all of them respond promptly to systematic work and improve i with every stroke of the pick The district will come to the top some time All it nee s is capital and labor judiciously ap ilicd Keystone |