| Show FINANCE AND MINING I I A General Review of the Business Busi-ness of the Week TSEWS FROST ALL THE CAMPS Utahs Great Industry and the Improvements Going on ThereinThe Condition of Trade Everywhere Business in Salt Lake during the past i Week was interrupted by the holiday but the volume was quite satisfactory Real estate remains quiet and Inactive building operations are being pushed ahead with Vigor and money in large sums at least IB not in as great demand as it was a few months ago Unseasonable weather retards re-tards trade in some lines that are usually lively at this season but on the whole every Indication shows that Salt Lake is the most prosperous city in the west There are croakers it is true who see hard times ahead but they are few and far between and their predictions are based upon their own inability rather than uDon the signs l of the times In New York much has happened of late to depress business and shake confidence and yet confidence is not shaken and the volume of business is still close to the greatest ever attained The failure of the speculative banks at Berlin was industriously used to depress stocks but witnout avail This country begins to realize says a financial authority that with the only supplies of grain to keep millions In Europe from starvation besides meat cotton and oil which other countries must have the UnitedeStates is in stronger position than any other nation and need not quake at every European alarm Alarm about the money market has passed and no disturb sate is apprehended this year Reports from cities outside of New York are most encouraging At Boston improvement im-provement is soon in many lines and amore a-more active demand The boot and shoe factories are well supplied with orders dry goods are more active and heavy goods Belling well on account of colder weather WDue WOOl sellS ratncr moro lreeIJ At Philadelphia bettor spirit is seen in dry goods and clothing and other important trades are fairly active though building has been overdone and many houses are unoccupied At Pittsburg the iron market Is weaker glass works are all in operation and coal miners have resumed At Clove land trade in leading branches is good At Cincinnati general business is active but heavy lumber failures cause some uneasiness uneasi-ness in that line Chicago reports merchandise mer-chandise sales much increased the cold weather having helped many branches and while receipts of corn cured meats lard butter and cheese and cattle show some decrease gain appears to flour and wheat 25 per cent in oats 50 per cent in hides 75 per cent in dressed beef and fourfold in rye At Milwaukee St Paul Kansas City and St Louis trade has distinctly improved with colder weather and is fairly brisk at Omaha and in all lines at St Louis strong but the car famine there grows worse with a grain blockade northward and a cotton and coal blockade southward At Nashville trade is fair and money close At Memphis business is rather sluggish but at Now Orleans good in groceries and provisions with better prospects receipts of cotton being heavy of sugar fair and trade in rico steady At Savannah and Charleston trade is somewhat depressed apparently by tho very low price of cotton and money is rather tight At Jacksonville business is very brisk but at Richmond dry weather prevents marketing of tobacco and low prices and short crops of cotton but manu factures are active A distinctly better tono in woolen goods is due to the appearance of a spot demand clothiers having worked off old stocks to a great extent The demand for overcoat ings and heavy goods is stimulated by the cold weather Wool sales continue of good volume though western fleece are rather weaker Exports of Merchandise Exports of merchandise from New York in three weeks of November has been 825 251719 in value against 15545237 last year an increase of 33 per cent while Imports Im-ports for November thus far are about 18 per cent smaller than a year ago which I points to an enormous balance to be settled by other countries in specie One danger is that a great quantity of wheat is now carried abroad as well as in this country on margins and loans and there is a possi bility that a sharp decline might cause some trouble The Business Failures The business failures occurring throughout through-out the country during the last seven days as reported to R G Dun S Co number for the United States 252 and for Canada + 33 or a total of 285 as compared with totals of 291 last week and 206 the week previous to the last For the correspond ing week of last year the figures were 244 ropresentine 247 failures in the United States and 27 in the Dominion of Canada New Western Banks East Denver East Denver Savings bank George W Williams president 25000 Denver Western Bankand Safe Deposit company Fred C Kilham president to do do a banking business etc in Denver 100000 > SeattleOccidental Loan and Investment Invest-ment company W C Cowie president 520000 Monterey Cal Bank of Monterey JOSPO D Carr president to do a general banking business 100000 Ore and Bullion Ell Jcaorntek d Co Hanauer bullion 8 20600 00 Ores e 36450 00 Total 8 03050 00 J3y Welt Fargo dk Co Bullion w 8 53139 00 Ores 35505 00 Gold bar n 3341 00 Silver bars 73234 00 Total I62219 00 By T 11 Jones A Co sOres s-Ores S 11300 CO Bullion V 2200 00 Totalu 3 33500 00 Total shipments for the week 8 253769 00 The Blair Minfne Company Among the recent articles filed with the secretary of tho territory is the certificate of incorporation of the Blair Mining company com-pany with a capital stock of 500000 It is authorized to carry on a general mining and milling business and the term of existence is fixed at fifty years The principal places of business are designated at Logan and Salt Lake and the properties belonging to tho company are the Flower of the West the Mountain Lion the Blair the Putnam and the Lily all located in Pinto mining district Iron county Utah The directors of the association asso-ciation are J M Blair president R S Campbell vicepresident Jos T Hammond Ham-mond secretary Geo E Blair assistant secretary and Edward Homer J Z Stew art and T X Smith New Western Mining Companies SeattleFairhaven Mining and Milling company J Eugene Jordan president 500000 Spokane FallsSpokane and Great Northern Mining company Arthur B Keeler president 82000000 ColoradoFrance Mining company Louis Ehrich president to operate in PItkin and Gunnison counties 2000000 Leadvillo Star of Hope Mining company Senator John P Jones president Mayor Bohn general manager to operate the Bohn consolidation 2500000 FROM THE MINES At the office of Mr Hanauer the week was reported as a very fair one All the big Utah camps were heard from and there were also several shipments from Idaho and Nevada From TIntlc1 BullionBeck The usual steady shipments come in Eureka Hill The Sphynx is a shipper as usual Centennial Eureka First class and second class ore came in The Noble Oak The Noble Oak Mining company com menced work on their claim which is a northerly extension of the Revenue of tho Tone and Hopper group last Wednesday There is a great deposit of magnetic iron on this property that is believed to be tho capping of a rich silver lead ore body by local exports JUfncr The Caroline The Caroline sent in several shipments during the week The Mammoth Regular shipments continue The late dividend has raised the spirits of many o I the stockholders The Tetro A small streak of ore was struck in the Tetro tunnel this week which is considered very promising It is a carbonate ore lying l close to a well defined wall and penetrating the same The tunnel will 1 now be continued along the wall for a time and if larger bodies of ore are not found the streak will be followed Taking everything into consideration the Tetro i s looking well and owners of stook in thi property may congratulate themselves on their gocd luck Miner The Gemini The Gemini sent in over 400 tons Eureka Consolidated One carload of ore came in Northern Spy Development is being pushed ahead Tho Ilormolne Work on tho Hermoino tunnol in North Tintic has been suspended for the season The owners Messrs Peebles and Zehrung will resume work early in the spring and ink until they strike a pay mine or the change In gravitation whore everything falls up the shaft Miner i tjlver Moon The last shipment averaged 45 per ton General Logan A body of ore was struck in the General LORan this week which runs 18 ounces in silver and a trace in gold The General Logan is in a very good locality and IB sure to develop into a paying property Miner From Park City The Ontario The usual dividend is payable on the 30th The Daly The regular dividend of 37500 will bo paid on the 30th The Mayflower Several shipments were made during the week The Anchor Several shipments of Anchor concentrates concen-trates came in The Alliance Work is being pushed at the usual pace South Galena From Bingham Two hundred tons were shipped The Highland Two hundred tons came in Tno Brooklyn About 200 tons of ore was shipped The Petro The Petro sent in a carload From Marysvale The Webster The Webster sent in one carload The assay showed 25 load GO silver and 1 gold The Dalton Ono carload showed 8 ounces silver and 12 ounces gold The Utah From Fish Springs The Utah sent in two carloads of excel lent ore Eighth of January From Ophir Twentyfive tons of good ore came In The Sweetwater The work bolne done shows good indica tions The Horn SlIver From Frisco The usual shipments were made di oIL |
