Show FiNANCE AND MINING 1 a Utah Wheat Going to Liyer pool t AND BULLION RECEIPTS lORE A j SC P Ogdtrn Street Railway Dividend Southern J2xten slung Bannock Other Mines Business has ranged rather dull through the week though the du lln ss is nothing more than is usual at this period of the year A few features of local trade deserve mention A dividend of 2 per cent on the capital stock 50000 of the Ogden Street Railway Company was declared during the week This is the initial idend of this company and was eeted with dtcided satisfaction bj the Weber County investors In view of general business conditions it reflect credit on Mr Young who has main charge of the companys affairs Utah Southern Extensions in New York had risen to 81 > at last accounts A feature of the past fortnight has been the denand for Utah wheat for Liverpool shipment Bailey di Son the shippers repot 150 car loads ordered at Porta Costa Cal at once and as fast as they can be loaded they are now going forward The price paid here is 60 cents ber bushel at Nephi 55 cents and the railroad has given a special spe-cial rate from Ogden which enables the shippers to clear up 7 or 8 a car load From Duns review of trade we quofe the following Rarely has ayear opened with greater disheartenment than the year 1886 Rarely has a year closed with more confidence The disheartenment dishearten-ment was not wholly justified and there is some reason to fear that the confidence may be partly unwarranted The failures for the year have been fewer than in 1885 and the aggregate of liabilities has been smaller But the average for the year has been scarcely lower and for the last quarter failures have been both more numerous and larger than for the same quarter of 18s5 the increase in amount of liabilities liabili-ties for that period being no less than 44 per cent During the past month the failures havi Jbeen unusual in amount of liabilities liabili-ties Without known disturbance or depression in important branches of trade to cause them they come like bolts out ot the blue and seem to indicate in-dicate an unexpected expansion of credits When it is remembered that familiar causes of such expansion have existed that the currency has been increased in-creased and that wild speculation ran riot a month ago in StOck and produce markets these failures with their rising volumes of indebtedness justify a fear that confidence has grown too fast 8e natural inference is that some firms anxious to recover in a few months the losses of several weary years have gone beyond their depth How much of unsoundness un-soundness in commercial credits has I thus been produced it is not possible yet to judge During the past week legitimate business busi-ness has not been large in volume The dullness usual in the doting week of the year is reported from all quarters But though dealers are busy in making up accounts there is everywhere a feeling of great confidence Trade during the past halfyear has been very large and generally remunerative The prevailing tendency is to count upon a continued enlargement for the next season and it would be wise not to forget that it is possible to build too largely on the future even in a time of real and healthy l improvement Prices have advanced during the week in nearly all speculative markets A flood of money from abroad stimu lates trading here while stringency is noted at Boston and Chicago bank anxious to keep Western money out of this city are talking of paying interest on deposits Stocks are stronger in spite of a ise in the rate of exchange which indicates that foreigners are sel ling to some extent Wheat has been active war rumors ruling and has advanced ad-vanced 1i cents with sales of 31000000 bushels in five days The earnings of the D R G for December 1856 were 615626 as against 501175 for December 1835 For the whole of 1SS6 they were 56740 622 as against 6119050 for the whole of 1SS5 Bradstreets this week presents an admirably ad-mirably compiled tableof the total of bank clearings in thirtytwo principal cities of the Union for the years 1886 1835 and 1881 The following selection s show the general drift 1SS6 1855 lSSl NewYork 33676000 I 2S152000 30935000 Boston 4095000 3453000 3213000 Philadel 2912000 2374000 2514000 Chicago 26Ot 000 2318000 2266000 St Louis 810000 759000 785000 San Fran 642000 56200C 556000 The grand totals are as follows 1886 54863L35200018854l 1SS4 439S40SS000 Ore and Bullion The ore and bullion receipts at the various banks in this city for the weekending week-ending Saturday January 15 1SS7 amounted to 13469741 against 191 467 53 for the week previous They were repoted as follows By JtfcCbmtcfc tfc Co Hanauer bullion 2692900 Silver and lead ores 98600 Bannock bars 643ooO Total 4331900 I By Wcllt Fargo S Co Base bullion 1710000 Ores 2317550 Fine bars 3701195 Gold bars 551000 Total 7373345 By T R Jones Co Selected < lead I 586120 r Lead and silver ores A 188376 Total 74190 Total for the week 13469L41 The shipments outward over both roads for the week were as follows 17 cars bullion 435474 lbs 8 II lead 227070 19 silver ore 558950 10 copper ore 250320 54 cars 1469811 Ibs It is expected that the Germaniawill commence shipping bulliorf during the coming weik i a HanDock John A Groesbeck and David James are at the mine and mill and letters i from them convey the information that the mill is running famously and that the showing for January will run ahead i of that ot any previous month while ii i all continues favorable the February output will exceed the January During Dur-ing the coming wees Mr James writes they expect to strike the vein in the new workings In the old shaft they made a new strike and uncovered wha by measurement was estimated to be 2000 tons of rock going about 100 The stock is stiff on the street 4 being offered of-fered but no one desiring to sell at that price Crescent Small sales haye taken place during the week at 30 cents The output of the mine now goes to the Holden Smelter ter in Denver Apex This stock has overtaken Crescent and run ahead of it Sales at 32 cents are recorded during the week Mammoth The Deseret National lately received an order from the east to buy this stock The order was filled at 85 cents Calumet One car of ore from this mine going 10 per cent lead and 18 ounces silver and bringing about 28 in this market was sold yesterday Mnacatlne Two car loads of ore from the I mca tine came in yesterday and was sold It was much the same grade of ore as that of the Calumet Ontario and Daly The Ontario and Daly Companies ore has increased in lead of late running from 20 to 25 per cent All ores that come above 10 per cent are shipped to market as the lead would be wasted by milling The Ontario output goes cast the Daly is sold to Mr Hanauer under contract and brings from 10 to 100 a ton at the sampler in the Park About I 300 tons a month comprise the saleFThe Ontario realizes from its sales from SO to 100 per ton The Brooklyn Lead No sales of ore were made during the past week The December output is now being hauled to the sampler The Weeks Market Local dealers report that the ore market mar-ket for the week has been very dull the main receipts being from Stockton Bingham Tin tic the Park and Nevada Waite Pine and Eureka have sent in some good ore from our neighboring state Stormont Official advices to us state that the production for 1886 was 15182983 ounces of silver which was sold at from 1 to 90 cents an onnce yieldinc 14339597 The product for November and December was reduced by the steel wire hoisting cable breaking on November Novem-ber 22d which rendered necessary a shutdown until December 6th to put in a new cable and complete necessary repairsJournal Alice Three hundred shares sold at 150 curing the week |