| Show L FINANCE AND MINING 1 ° Crops Good Silver and Lead Higli and Building Booming Y THE CLEARING HOUSE INCREASE the Wood River PropcrtlcsBIff Ore and Bullion Output Nous From Hany of the Utah Mines The fall trade may now be considered to have fairly begun and so far it is exceeding exceed-ing the expectations of our most sanguine merchants It is safe to say if there is nny dissatisfied merchant the cause of his disgruntlement is due to lack of business ability rather than with the state of trade With very rare exceptions the crops have been better than average and this I brings wealth to the farming portion of I our territory the rise in the prices of silver and lead has stimulated the mining industry Indus-try the buildingboom In Salt Lake city = in partlOular and to a lesser extent In other cities and towns sen rounding gives employment to tho architect archi-tect contractor mechanic and laborer No idle men save those who prefer that conS con-S dltion to a life of industry can be found among us Each day placards are carried around the city announcing that hundreds of men can find employment on the railroads rail-roads noxv building in the south and THE HEUALD knows of one Salt Lake company which is vainly endeavoring to secure the services of 200 men to whom good wages will be paid Thus far they have not succeeded suc-ceeded and as a result their business is i T being injured for lack of help 1 Under these circumstances it would r be folly to suppose our merchants could be in other than a prosperous condition 1 So long as tho present weather continues the building boom will go ahead and although al-though the storms of winter will compel the cessation of outofdoor work by the time the snow flies and the thermometer commences to dally with zero the buildings will be in such a condition as to be ready L for the inside work t it L As will be noticed from our real estateS I estate-S columns the week has shown a marked advance ad-vance in the clearing house and real estate business and these are as we have before said decided grounds for the belief that the realty marknt will soon take on more lively airsOne One of the important events of the week V was the reopening of the stock exchange fend the business done since the 1st has been more than satisfactory lead and Silver In Salt Lake the prices for lead during the week have been very firm and with a decided upward tendency Tne metal opened on Monday last at M67M maintained main-tained that flgu re until Wednesday when it advanced to 475 and closed at that figure last evening In New York the metal has had a further i and considerable advance and the western smelters have almost entirely abstained from making offers for September shipment ship-ment and show a decided unwillingness to r I part with any lead for October shipment unit s at very high prices Stocks on the spot arc evidently low and in few hands only John VVahl Co of St Louis say V There has been no abatement in the demand de-mand for piglead since our last report Duo to there being more buyers than sellers sel-lers the price of the metal has advanced from 447 > < rt 55c at which figure it is no easy matterat present to procure much lead Probably eight hundred tons have been sold within the range above named We think the present prices are healthy and fully warranted The production of lead Is not keeping pace with the continued increased consumption lQ Chicago lead has been strong and active during the week and has been held at high prices under large inquiry from the eas > t The market i very strong and it is generally believed that a big advance is not far away V Silver has been fickle and variable with V a downward tendency It opened on Monday Mon-day last at Sl10 but on Wednesday fell to L17 and close last evening at 11G V V The Consumption of TIn I is estimated that the consumption oft of-t in the year 15SS amounted to 52500 tons dist but d as follows Tons United States 10003 Europe 8000 Other CiUntresnu n 0000 Used for tin plates 5 rotaluu u u 53500 t The first three items refer t pig tin only the tin used for tin plate being separately enumerated In the fourth line It is estimated esti-mated that another 4000 tons would be in F i store as follows and afloat The sources of supply are Tons Great Britain Unu 9241 The Kands of Banca Billerton Sing lib and Java Malacca and Siaku 27990 I Austialtu 053J Mexl o Bolivia Peru Chill Argentine Republic Tasmania China Spain France Belgium Holland Germany Russia and other parts 12710 V TotaUi 50500 The amount manufactured into tin plate I was a follows I Boxes Tons United States5500030 363300 t Great BrtalnnlUO C7COO Elsewhere1900000 127200 Total S 40 0 532500 The Wood River Properties Hundreds of good properties are lying V idle In and about tho Wood River country said a gentleman who recently came down IT V from that section of tho world I they are such good and valuable properties why are they in the condition you speak of why have not some of the many people who are looking for good investments in-vestments taken hold of them t One reason In the past has been the low price offered for lead and silver Not long since some of these mines mentioned would not more than pay expenses Now however the present prices offered for lead and silver put a new faco on things Speaking of the work being done the gentleman t gen-tleman further said William Griffiths of Salt Lake city and a brother of Johnny k Griffiths of the sampling works of Bailey rV bonded a mine near Era last week The F assays run from 40 to GO silver and G per p per cent lead There are over one hunt hun-t dred tons of ore on the dump and a vein of three feet actual measurement Now I this may be an exception t a man getting something soft but there are more mines I nearly if not quite as good This ore IF I carbonate and resembles that of Lead ville and as greater depth is attained V at-tained it generally becomes richer I The Big Copper No2 was sold a few weeks ago by Frank Brown of Salt Lake and Bcunner Bros of Hailey t New F York parties This is a copper mine a I largo in every respect as tho famous p V Anaconda of Butt City Montana and richer This claim has been located for r several years and could never be sold although al-though offered at a reasonable price V Its reported Frank Martin the discoverer 5r discov-erer of the Horn Silver mine at Era has made another rich discovery There is i V 0 considerable excitement in mining circles V ail over that country since silver and lead have advanced Bellevue alittleduHinconsequenceof V the Queen of the Hills the Overland and V Minnie Moore being closed down People who seem t know say tharo was plenty of V ore insight when the Minnie shut downS down-S = and also in the Queen of the His The F Park is a good cam owned by W S Met Me-t V I Cornick of this city The McQuaid boys I have bonded one group of mines situated I in Slaughter House gulch for 12000 I Those are good claims glch Cushing of American Pork Utah it is claimed was I trying to buy them out for cash Trade in the East The great relief in the money market in New York caused by treasury purchases pur-chases of 434 per cent bonds J the refusal of the labor federation take and to lke up extend ex-tend the strike on the Central railroad and the prospect that the Senate will soon reach final action on the tariff bill have all tended to improve the state of business At the same time better crop prospects have brought a distinct reaction in the speculations which most retarded exports Thus while the volume of domestic trade continues greater than in any previous year at this season bank clearings for August outside New York exceeding last I years by 21 per cent the outlook for the future is clearer and brighter Wool sales at Boston reached 3005000 pounds and many mills have substituted territory warp for fleece wool in use the market for fleece has been weak Better orders for woolen goods are reported by the mills particularly in mens wear and dress goods Accounts from other cities are even more favorable than usual exccptingas to money markets Boston notes especial activity leather and firmer prices in lumber with tteady trade At Philadelphia groceries are dull tobacco quiet tho cigar trade disturbed dis-turbed by strikes and collections in many branches rendered slow by monetary pressure pres-sure Chicago on the contrary reports money plenty at 5 per cent on call and collections col-lections oasy better trade than last years u dry goods and clothing a reduction of 75 per cent in stock yard business since tho strike a decrease of 50 per cent in wool compared with last year 20 per cent in butter and steady decrease in dressed beef but large increase in cured meats lard cheese cattle hides and 10 per cent In hogs St Louis has a fair volume of trade and Milwaukee notes rapid absorption of money by grain movement at increased prices At Detroit Cleveland Omaha and St Paul trade satisfactory and at Minneapolis Minne-apolis the flour output is 170000 barrels and the lumber trade is firm At Kansas City no change is noted and at Pittsburg a good demand for manufactured the window glass works have agreed to resume September Septem-ber 15 Savannah reports brisk trade but Jacksonville much discouragement at Atlanta At-lanta very promising trade is good and the crop outlook Interior money markets do not yet feel the relief seen in New York and at Philadelphia delphia the market is tight at 5X t 0 percent per-cent for commercial paper at Pittsburg active at 6 to 7 at Cleveland demand exceeds ex-ceeds supply at Detroit demand is strong at 7 at Milwaukee the market is very firm at 7 and at St Paul tight a i is at St Louis with 7 t 8 ruling and at Savannah I and Atlanta Presumably this pressure will continue as business expands and products go forward to market Here the rate on call has dropped to 4 per cent though the treasury has paid out only 1500000 more than It has taken in for the week There is still some doubt whether the future of the money market is assured but in other respects the outlook is plainly improved The business failures occurring throughout through-out the country during the last seven days as reported to R G Dun is Co number for the United States 165 and for Canada 24 or a total of 189 as compared with a total of 192 last week and 197 the week previous to the last For the corresponding correspond-ing week of last year the figures were 211 representing ISO failures in the United States and 22 in Canada At the Banks The ore and bullion shipments as reported re-ported by the various banks in this city for the week ending yesterday were 5312 45300 as compared with 24974500 for the week previous They were reported a follows ByMcCornick e Co Hanauer bullion S 25150 0 Sliver and lead ores 98250 0 Queen of the Hills 1500 0 Xotlu u 1124000 0 By Wells Fargo O1 V Bullion 51455 0 Fine Tsars u 27000 0 Ore 53591 03 Total uun 8137040 0 By T U Jones dl Co Selected lead 8 3400 0 Fine bars 12500 0 Ores 3400700 Total S 10507 0 Total shipments for the weekE312453 0 Increase 502703 C NEWS FBOM THE MINES At the office of Mr Hanauer the week was reported as a very good one Park City sent down her usual big shipments ship-ments Tintic lost none of her previous reputation reputa-tion V tionTho The old reliable Bingham was on deck as usual Frisco was represented by the Horn Sil I ver only V Stockton had several shipments credited to her Virginia City and other portions of Nevada Ne-vada were also heard from The Horn SUrer The Horn Silver sent in seven lots aggregating aggre-gating 950 tons The ore was of th usual grade TIle Kalamazoo Ten tons of ore came from this American Fork property and was taken in by the Mlngo I assayed SO load and 5 silver ThcBnlllonBeck The BullionBeck make its regular showing show-ing This Tintic property is now sending 1 over 1500 tons per month The Enreka Hi There is nothing but tho usual report to make Everything appears to be moving along in good style and tho usual quota of ore is coming out V The CentennlalEureka Shipments are lively and the ore is rich The Caroline She was represented as uaual The Northern Spy Each day makes this property more valuable valu-able and adds to the bank account of its owners V The Mammoth There are no dissatisfied owners of Mammoth Mam-moth stock Shes all right ThoCycnut One carload went 51 load and 15 silver V The CarE 1 V One carload went 2 lead and 31 silver The Red Hose This mine is located half a mile from the Mammoth I had been idle for about seven years until the Groesbeck Brothers took hold of it It is an ascertained fact that it is on what is known as tho Bulllon > Beck and tho Eureka vein which in the opinion of the best experts Is a true fissure They have a fine a body of ore ascan be seen in tho amount f development work that they have done as anywhere in the Tintic district Recent asseys have shown most flattering returns and there is every reason rea-son to believe that the Red Rose will yet proye t be one of the best of the many rich properties in the great Tintic district The Ontario Stock continuesto climb upward a will be noticed from the table elsowhero b j The Daly Those who a few months ago thought 17 = a big price for Daly have changed their j opinions No one in authority seems to know anything about the alleged contemplated contempla-ted improvements but there can be little doubt but that they will be made The Anchor Sixtyfour tons of firstclass ore went 31 lead and 32 silver There was also a shipment ship-ment cf concentrates c t The Brooklyn Four hundredand fifty tons represented the Brooklyn first class second class and concentrates The South Galena Steady shipments continue V The Ilisrhland Fifty tons went 35 lead and 12 silver Yosemite No 2 S A shipment showed 50 lead ant 15 silver V The Buckhorn V A carload went 37 lead and 16 silver The Legal Tender V i The Legal Tender seems to bo pushing the front The last shipment was seventy tons of good fair ore The Tiptop Thirty tons assayed 31 lead and 9 silver the Miners Delight The Delight shipped seventyfive tons of good concentrates From Nevada There wore several rgo and important hipments from Nevada Among them was lot of very rich Alta concentrates |
