Show i t FINANCE AND MINING I Lead Goes Down but Silver l Holds Up Well I I I THE ORE AND BULLION OUTPUT I Annual Beport of the Clearing House Marys Tale MattersBusiness at Home and Abroad i L It goes without saying that business during dur-ing the week past bas not been very brisk If there is a season of the entire year when I trade is slow it is the two months from I the close of the holidays to the first of March Wholesale dealers as a rule report a fair trade only but dealers in miners supplies say their jobbing is away I ahead of that of a year ago due in a great measure of course to the opening of I many new districts and the immense amount of prospecting that is going on over the entire territory The opening of the spring will see the mining activity doubled over its present proportions Real estate sales are very few and considerable con-siderable distance apart Building Is notES not-ES active as it has been owing to the unusually un-usually severe weather of the past two I months which has caused a cessation of many classes of work which were in full blast a year ago at this time At the present pres-ent however the prospects for a prosperous prosper-ous year were never better A year ago there were grave apprehensions expressed by many and with good reason that the limited snowfall meant a scarcity of water during the spring and summer of 1891 The fears however were not realized There was a cool spring a moderate summer and the snow piled up in the hills melted only as fast as was necessary thus giving a steady and ample supply of water during the entire year This year however an abundant supply of water is everywhere assured and this means bountiful crops of every kind with mining prosecuted vigorously and an easy I money market which now seems certain I there is no reason why 1892 should not be the most prosperous year in the entire history his-tory to the territory In other leading trade centres of the country trade is very fair for the season In Now York there are no unfavorable indications in-dications In Boston business is better in some lines with considerable activity in dry goods new goods Doing openea ana selling freely Boots and shoes improve slowly manufacturers having fair omplpy ment but being anxious for further orders At Hartford wool hardware and groceries are in fair demand and dry goods dull At Philadelphia liberal orders are noted for spring materials and while trade in other branches is now very light the prospect is considered good Baltimore reports a healthy money market and Cincinnati activity ac-tivity in clothing and moderate trade In whiskeys with a favorable start for the year Cleveland trade is good for the season sea-son and rolled iron in good demand At Plttsburg the outlook seems better pig iron Isstronger and finished iron in good demand Chicago reports some increase in receipts of barley cured meats cheese and cattle receipts of oats nearly double last years of flour corn rye and pressed beef fully double and wheat three times last years Dry goods sales are light though payments are better sales of clothing and shoes are larger than a year ago and money Is in fair demand with tho supply ample for legitimate trade Milwaukee finds good Indications for the spring trade and heavy snow helps the lumber business At St Paul trade is quiet as usual with excellent prospects At Minneapolis the car famine is overand the output of flour 172000 barrels bar-rels against 114000 last year with lumber sales of 1891 exceeding those of 1890 by 67000000 feet At St Louis cold woather causes better trade in heavy clothing and other trade is seasonable the grain blockade block-ade having broken Trade at Kansas City is quiet and money In light demand Collections Col-lections throughout the northwest are very lair though slow at most other points The Great Industries The threat industries report no important change though in iron a large business is being done and the tone is improved Some Improvement is seen in bar ana plates and fair business in structural iron The coal trade is ragged though the demand de-mand Is beyond all precedent Less demand de-mand is seen for copper though large sales have occurred tin is weaker and load dull The money market has been well supplied at Now York and other markets throughout through-out the north are easier The treasury has been disbursing freely during the week and while sales of stock on foreign account have lifted the rate of foreign exchange half a cent the swelling exports appear to ensure further imports of gold In brief the business prospects of the country are remarkably favorable for the beginning of a new year excepting at the south and while the depression in that section may considerably affect some trades and I branches of manufacture the uplifting influence in-fluence of large northern crops and of unprecedented un-precedented foreign demand for northern products gives substantial ground for the great confidence which prevails Business Failures The business failures occurring throughout through-out the country during the eight days from December 31 as reported to R G Dun Co number for the United States 393 and for Canada 42 or a total of 435 as compared with a total of 329 last week and and 292 the week previous to the last For the corresponding week of last year the figures wore 403 representing 375 failures in the United States and 2S in the Dominion Domin-ion of Canada Lead and Silver Lead still continues on the down grade It opened on Monday at 415 and closed last evening at 410 Silver on the contrary while far below whore it should be has shown a higher tendency The metal opened at 92X and closed at 933 The ClearIng House Report Manager Hawley has submitted the following fol-lowing report to the clearing house show the business of the year I beg to submit herewith a summary of the business which passed through the clearing house during the year 1891 Clearing Balances January u 5677 171 437O February uuu 7393928 443800 lIlarchuuu 6162 COJ 3205805 April 000 7125029 3010600 May u 547008 2223382 June 6891914 2126010 July uu 7JOOCJo 26973 August 0949017 2550SS September 3087332 ISS9OO9 October u 6619619 168ttI05 November uuuuu 6S7iO ll60MO December 00 7314611 21t694 Total S8t65i82a S32G937G5 The average monthly clearings were 86821235 a decrease of 8115577 or 1G10 per cent from the average monthly clearings clear-ings of the previous year The average weekly clearings were SI 674131 The average daily clearings were 207 496 a decrease of 2667 or 1 G10 from the average daily clearings of the previous year Decrease in the country at large 7 210 per cent The largest weekly clearings were for tho week ending December 5 2241943 The smallest weeldy clearings were for the week ending May 21 936787 The largest days clearings were on DecemberS December-S o74SO The smallest days clearings I were on May 27 131840 The largest days balances were on December De-cember 2347bC2 The smallest days balances bal-ances were November 16 28869 The messengers are to be commended for their promptness and accuracy Cases of tardiness are uncommon only once during the year was a messenger more than five moments late The Mines at Marysvale I There seems to be a general feeling of I anxiety in and about Marysvale There wia unite a lively move among the miners I p for claims on Now Years day in both districts dis-tricts locating and relocating and each man getting the best and among the jumpers jump-ers were Ed Skews superintendent of the Pearl mine and Tom Ferguson The news is afloat here that Mr Skews telegraphed to the Dalton company to the effect that the shipping ore was worked out of the mine and that it was a detriment to continue work longer I saw Mr Wllbru secretary of the company and asked him If I the above rumor was correct but he declined I de-clined to say anything for publication on the subject Ho stated that a Mr Jennings son of exMayor Jennings of Salt Lake was ready with money and reputation to back the Dalton property Mr Tennings talks as though ho intended to do business here as he says he has come to stay that is ho has come to use his money and influence in the camp Of course ho has other business that will require part of his time Ho and Mr Ferguson hail a little wordy tilt over some of the jumping business on Friday last Mr D C Tate is feeling jubilant over the Brancn property Ho says the mine is in excellent shape and that the vein recently struck varies some in size from four to ten inches but it holds its own in value which is from 5400 to 500 per ton He expects to I muke a shipment < < soon Advocate Ore and Bullion The ore and bullion shipments made during I dur-ing the past week reached 16346100 in value They were reported by the various banks as follows BvMcCornick Ho Hanauer bullion 8 25300 00 Ores u uu 00 u un u u 33976 00 I Total uu E 59270 00 Sy Welts Fargo cfi Co Bullion 8 57919 00 Ores 18500 00 I Total uuu 8 76485 00 By T 11 Jones cS Co Base bullion 3 22100 00 Ores nuuu 10600 CO Totnlu S 32700 00 Total shipments for the weekS 168461 00 NEWS FEOil THE MINES Mr Hanauer reports the week as being a fair one only due mainly to the low price of lead the heavy snows in the mountains and theconsequent bad roads From Tintlc The Eureka Hill o shipments were reported and it is generally understood that none will be made until the oro can be sent in via the Rio Grande Western a switch being now built to that end Bnl1l0n Beck Tho annual report to the stockholders is now being prepared and it will be a most satisfactory one in every respect CentennlalEnreka Several car loads of 50 ore came in The Caroline The Caroline does not make much noise in tho world but is a steady shinper just the same The Mammoth Ore is being mined as usual but none was sent in during the week The Iron Duke This big Tintic property sent in the usual output of iron ores The Scotia I This old mine In West Tintic is being I steadily worked but no ore is being 1 shipped Under the terms of the contract it must all be sacked and hold until the lease expires Many thousands of tons of rich ore have been taken from this property in past years and there is every reason to believe that it will yet produce thousands more General Logan A good looking six foot vein of ore has been uncovered in the General Logan at the depth of 165 feet No assay has been received from this last strike but a previous previ-ous one make of rock not nearly so good looking as this run 20 ounces in silver 20 per cent lead and a trace of gold The Diamond The shaft on the Diamond is now down 220 feet and two shifts are being run We are not losing a moments time says Mr Shiek and will yet have a mine of which Eureka will be proud The Lucite BIddlecome and Bartlett are doing considerable con-siderable work on thelucile claim in West Tintio this winter They have erectea anew a-new whim and lumber house and are now sinking at a depth of 75 feet in black quartz heavily stained with copper and bromide Assays run 15 to 73 in gold 23 ounces silver and 12per cent lead They have an eightinch vein of this ore which lies between be-tween two well defined walls of blue line Miner The Bed nose Nelson Sandberg general manager of the Rod Rose was in Eureka luesday and reports a very rich strike in that mine on the 400foot level They run into a 24foot vein of ore Tuesday morning which will assay from 1000 to 1500 ounces to the ton and 20 per cent lead Mr Sandberg is an old timer in Tintic and understands his business well and to him is due the success attained by the owners of the Red Rose Jllner From BIngham Tho Brooklyn Two hundred and fifty tons came in from the Brooklyn June Blosom Thirty tons went 24 lead and 12 silver South Galena Three hundred tons came from the South Galena The Miners Dream Sixty tons of very rich ore came from this property Yosemito No2 One hundred tons represented the Yosemite Yo-semite It was of the usual grade I The Highland The working force of tho Highland was increased during the week and larger shipments ship-ments may be expected from now on The Utah From Fish Springs The Utah sent in two shipments but the assay had not been given out yesterday The Bnckhorn From Dugwar One carload from the Buckhorn showed 188 silver and gold From ParkCltr I IThe The Ontario There was the usual output during the week The Daly The reputation of the Daly wasfully sustained sus-tained during the week Iho North Star The North Star on Pioneer ridge wil be worked during the entire winter The Alliance A shipment from the Alliance showed 33 lead and 50 silver From Stockton Monarch and Northern Light Ono carload went 12 lead and 33 silver The Leonard A carload of Leonard ore assayed 25 lead and 27 silver |