Show FINANCE AND MINING The Mining Outlook for Spring and Summer ORE IflD BULLION OUTPUT Events of the WeekIn Business Haunts News From the Mined = A General Glimpse The past week was a fairly busy one wholesalers and retailers reporting a good business done Yesterday however how-ever was rather qniot the rainstoru keeping many at home who would have otherwise been out Business is eener I ally better tan at the same period a I year ago and a big increase in volume is expected as soon as the spring building build-ing boom fairly opensand which has been delayed for obvious reasons The local mining stock market has been under cloud for seveial month past owing in a great measure to the fact that real estate has been and i the uppermost topic in the minds ol buyers and sellers of every grade Dealers however are of the opinion that the coming spring and somme will see a great revival in the mining industry throughout the west and Utahs mines than which there are none better will be a conspicuous object ob-ject to draw hither and hold the aten tion and interest of th3 eastern capitalist capi-talist That the eyes of eastern people who are anxious to invest in tho west are tamed this way is manifest from a glance through the mining and financial finan-cial journals of the great cities The Mining Review says that while there is as yet no activity manifested in the direction of mining investment there is nevertheless a marked undercurrent setting in in the direction of the mines of the west Capitalists and investors it says have so often gone out with drums beating and colors flying to capture an attractive fortune just within their grasp and returned disappointed ace dejected that their tactics and methods have been entirely changed that it is difficultfrom a superficial observation to determine with accuracy the condition con-dition of affairs The cauious inquiry in regard to different sections of the country the investigation of inducement induce-ment offered more generally by personal per-sonal inspection and the preparations that are being made for more thorough and determined prosecution of reliable property all indicate that while the volume of the outging tide is quieter and Jess demonstrative it has lost none of its proportions but will doubtltss be found to have gained in depth and force Reports from the mining coun try indicate a general movement in the direction of a thorough thor-ough prosecution of the work in many localities both upon the steady and wellknown producers and also upon other properties known to be valuable but idle from mismanagement j mismanage-ment and lack of capital There appears ap-pears also to be a general feeling throughout the country that a marked revival may be anticinated during the coming season in the direction of mining min-ing investment and development The conditions so far as manifested are healthy and satisfactory and give every evidence that this great industry I has at last reached the basis of substantial I substan-tial and permanent prosperity I Steam stamps are now extensively used The stem of each stamp works in a steam cylinder as the piston works in the cylinder of an ordinary engine the whole standing in a vertical position posi-tion It is claimed that one steam stamp will do the work of twenty ordinary ordi-nary stamps The Anaconda at Butte the Homestake and other companies in the Black Hills are named as the owners and if all reports concerning con-cerning the invention be true it would be a good idea to introduce it in Utah It is claimed that it is a most valuable adjunct in the working of low grade ores Lead has been on its good behavior during the week just passed It closed on the 17th at 510 while yesterday il was quoted at 517 Silver dropped 1 cent during the week being quoted yesterday at 9JX The paralysis of business in New York by tho recent storm the stoppage of communications and mails throughout through-out the Eastern States and the costly conditions under which the scanty business busi-ness has been transacted make statis tical comparisons for the moment of no value It would not be far from right to reckon an entire weeks business as ost throughout the region most affected fected by the unprecedented storm Under the circumstances it is of no service as an indication of the future to know that exchanges aro small railroad traffic light exports below those of the corresponding week last year and local prices rising because of the temporary scarcity ot certain articles As yet business at the various exchanges has not been so far resumed that quotations have much value The statement of iron furnaces in blast March 1 however is of especial significance The weekly output of anthracite hracite and bituminous iron was 97490 tons against 103 901 February 1st ana 07487 November 1 Clearly the furnaces naces which were forced to stop by the strIkes in the coal regions have not found it expedient to resume since tho strikes terminated i other furnaces elsewhere else-where have blown out and the report as to charcoal iron though still incomplete incom-plete shows there has been some shrink ice in that branch also A decrease < f 5 A per cent in one month and 25 per > cent since November in the quality of iron produced implies a change of largo importance in many branches of manufacture Prices for the best grades riK rcmi s M i < of pig are unchanged but offers of all other grades continue at concessions Pr ces of manufactured iron are unsettled unset-tled not only by western but by foreign competition foreign iron being offered duty paid at 2 tier ton below current prices at Philadelphia Coal declines 25 cents again tnough stocks are light i Ihe Lfhigh strike after six months of suffering suf-fering ends in defeat of the demand for higher wages With transportation arrested no indications in-dications of value are obtaii ied as to the textile manufactures or the dry goods trade Transactions arc light but prices have yielded no further and tne lull in cotton goods it is stated causes no uneasiness The strike at tje Wamantta Mills has ended in agreement agree-ment and a decline of an eighth occur tn raw cotton notwithstanding the large exports iu February The qutn uty of cotton sent abroad was 193627 813 pounds against 195106667 last ye rOUt r-OUt at au increase ot 79J 000 in value The exports of breads liftS iu Febru try were in value 1600000 below las years and of wheat and Hour m quite ti y equivalent to 9100479 bushels agains 11204167 last your For eigh uoutns of tho crop year the decrees has been 10800000 bushels which fore suadows a large surplus to be carried over in July The Bureau report uf wheat in farmers hands March 1st entirely en-tirely accords with previous estimtttt of the crop and have yielded 1 cents ior wheat and 1 cent for corn In othe markets few changes of importance im-portance are noted though the coin plaint of duluets becomes more genera Juffee is nominally 13 to 13U cents for spot against 14last week whilo oil Has auvanced 2 cents Tee railroad strike at the west spreads to other reads though the Burlington appears to have wrcouie its difficulties and it is said to Have agreed to au dvance in rates Its heavy loss of half a million in earnings earn-ings for January before the strike DB gan shows how important to many wads at the west is the settlement ul their quarres But New York Contral nuigi show a deficit for the first quarter and the general tendency is to wtuus reduction of profits The reports received from interior points show a continuance of trade teemed fair for the season at moat ilis with alight improvement at two or three but with complaint of unsatisfactory unsatis-factory trade at as many At Milwaukee Mil-waukee heavy losses by tire are not expected ex-pected to affect business generally and at Detroit it is observed that dealers in Michigan find collections from farmers unsatisfactory and the output of goods is not large At Cleveland there is soul closeness in money and slownes in collections col-lections But the general tenor of rr pnrts does not indicate scarcity 01 money in the interior or unusual delay de-lay in settlements The Treasury oper atioub for the past week are not ye definitely known communications having hav-ing been interrupted but indicate in tbsorption of 500000 The partial statements of foreign trade indicate considerable excess of imports over exports ex-ports for February and a large ezces ibis month but there are reports 01 foreign inquiry for good bonds In thE absence of large dealings prices o stocks have slightly advanced the report re-port that the western war of rates will boon end being credited Tho business failures occurring throughout the country during the la oven days as reported to R G Dun i Co by telegraph number for ttu United States 202 and for Canada JJri or a total of 228 as compared with t total of 253 last week and 244 the wnl previous to the last The I Iln1 the corresponding week in 1887 were 282 Ore auu Bunion The ore and bullion receipts at tin various banks in this city for the weel ending Saturday March 24th 1888 were 10560314 as compared with 87 87813 for the week previous They were reported as follows ByMcCornick Co Hanauer bullion 1387500 Silver and lead ores 180000 Queen of the Hills ore 1350 00 Total 3J2250 By T R Jones S Co Germnnla bulMon 15 612 If Silver and lead ores 2250217 Total 38111 22 By Wells Fargo d Co FIne bars 34263 92 Total 3426392 Total shipments for the week 10360314 Railroad Shipments The railroad shipments for last week weie 16 cars bullion 385875 pounds 9 cars ir m slag 293230 39 cars silver aud lead ores 1079750 1 car copper ore 28300 65 cars 1787203 pounds A Rather Dull Week Such was the report received at Mr Hanauers office yesterday afternoon the shipments all being detailed below save the usual output from the Daly Ontario and Crescent Born Silver had the usual two lots of the usual grade The Sampson sent in a 40ton lot going 30 lead and 60 silver and some gold It brought about55 per ton The Hidden Treasure shipped a carload of oe going 36 lead 24 silver and brining 32 a ton I The Maxfield contributed a 50ton lot of highgrado ore going 70 lead 77 silver and bring lag very nearly 100 per ton The Lead Minis Min-is now sending out about 60 tons a day of firstclass and concentrating pres The Xait A 55ton lot bringing 33per ton was received from this mine during the week US U > w < The Wasatch I Had a carload of 50 per cent ore containing con-taining some little silver It brought 25 Yosemite No S sent in a 60ton lot of ore going 60 percent per-cent lead and containing some silver It brought about 25 a ton The Yoseulto Encouraging reports come from Col Kaighns Bingham property Fifty tons a week is the regular output with an extra lot occasionally Two new ore bodies have been recently uncovered A 60ton shipment was reported yester day going 43 lead 16 silver and some gold It brought about 25 per ton Summit and Ked Bird The sale of all stock on which the recent re-cent assessment shall remain unpaid will take place on the 4th prox The Montreal The annual meeting of the stockholders stockhold-ers of the Montreal will be held on the 2d of April Tha Daly Dividends 12 and 13 amounting to 75000 are payable March 31st Minnie Moore A new strike is reported in the Minnie Moore and the mine is said to be looking look-ing better than ever before There are about 112 men at present on the payroll pay-roll The output for March will be nearly doable that of February The Deep Create tIlnCIJ Mr J F Woodman has recently returned re-turned from the Deep Creek country where he is deeply interested The Florence Mining Companys properties he says are looming up in grand shape and pitch shot fired shows an improvement improve-ment in the extent and quality of the ore Both he and Mr Le Moyne will return to the camp within a few days Tho JUpbaltiitu Works The buildings for the asphaltum works at Thistle are nearing completion comple-tion and will be ready for the reception of the machinery on the 6th of April The buildings when completed will be the main building 63 by 40 feet three stories high the engine houo12 by 40 leet the boiler house 30 by 42 feet and he still house 30 feet square A drying dry-ing house 30 by CO feet squaw will be reeled at an early date and also a building in which to manufacture barrels i bar-rels The company expect to make the barrels themselves but some reliable I arson could cetthe contract for sup lying the forty or fifty that will he needed each day which of itself would be quite a business as the company does ot care to bother with thu matter unless it becomes necessary for them I o do eo American |