Show FINANCE AND HIM Silver is Shaky but Lead JBe mains I Firm THE OREAND BULLION OUTPUT > Business at Home and Abroad The Financial S1tuatonThe Skies rlhtenIDI A f Around I The volume ol trade in Salt Lvke during the week Just closed was if anything slightly below that of the previous six days as all the conference visitors had departed I I A very far business wa done however 1 t and the outlook is more encouraging than it has been for some time past That tho money markets in the east aro improving has been evident In many ways 4 of late but in no manner more forcibly J 4an by the price paid and the struggle fore for-e 150000 city bonds which were sold last week It i but a very shore time since bonds ot Salt Lake wetft a begging Salt Lakers who have been seeking money in the eastern marts say they havo met with unexpected success in quarters where a year ago not B penny could be raised Ono trust company alone ha I I made arrangements for at least S2SOOOU which will be spent in Salt Lake this year for buildIngs in the various parts of the city and there are also other financial 1 redound movements on foot which will greatly to the advantage of Salt Lakers I Trade in the East I In New York another week has brought additional proof of actual improvement in 1 1 business at many point That trade hasp I disappointed expectations t some extent 4 is obvious and there are some who claim that a reaction has begun of unknown duration du-ration which appeared in Europe last year and which was only deferred here because I of extraordinary crops These have to support sup-port them unusually prices and in some departments a shrinkage in sales But others argue that disappointment is due to excessive expectations and especially of I the failure to take into account the great volume of indebtedness left from real estate speculation at the west and south and the influence here of bad crops and financial depression abroad These have to support them much evidence that the actual business busi-ness transacted all branches considered is greater than ever before at this season t in spite of all obstacles and complaints The reports from other cities are on the I whole favorable At Boston there is I further improvement and a large retail L I trade dry goods jobbers are active and L I mills very well employed western reports I II I are favorable and southern better The boot and sboe trade is active with demand up to present capacity Leather is in steady I demand at full prices and hides are more active and firmer The clothing trade is I better and wool firmer onraccount of London Lon-don prices At Hartford trade in hardware is cuite good in groceries good in wool and dry goods fair At Philadelphia the failure of an iron house following that of the Lehigh Iron company depresses that of tradeobut the dry goods trade is better with satisfactory demand No improvement improve-ment il seen in wool and groceries are dull though sales for the year appear greater than last years Tobacco is improving the liquor trade good and chemicals steady and in paints and building materials an exceptional trade ip seen At Pittsburgh iron stocks increase and there is no improvement im-provement in products shipments of coke being the lowest for the year thus far but I the glass trade steady and trade in hardware 1 hard-ware brighter At Cincinnati the bat trade exceeds last years But in building prospects are clouded by S threatened threat-ened strike At Cleveland all lines improve im-prove excent pg iron and ore and money is in more demand At Detroit trade equals last years but freights are less firm Chicago reports largely increased sales of merchandise with collections easy in all branches Receipts of corn and barley increase in-crease threeIolc1 of wheat oats and rye twofold compared with last year ryf dressed beef onehalf and ot flour onethird and some increase is seen in hogs cattle and wool with decrease in lard butter ant cheese and especially cured meats At St Paul jobbing trade is brisk and at Minneapolis Min-neapolis there is a marked increase with unusual prospects for the lumber trade but flour is dull and low At St Louis i trade is reasonably strong with especial improvement in all building materials in I spite of bad country roads and a railroad waHbout Trade at Kansas City Is quiet though receipts of grain and cattle are light because of bad weather At Omaha business in dry goods and shoes is very active ac-tive and other trade fair At Louisville business is quite satisfactory but dull at Memphis sacking at Savannah though prospects are bright and only fair atNew Orleans though in cotton there it some Improvement Im-provement and sugar isstrong and active The Clearing House Returns Salt Lake shovrsff decrease during the week of 67 as compared with the same period a year ago and is about on a par with Seattle Out of the twenty important cities reporting thirteen show an increase i in-crease for the week Yesterdays clearings 5303537 same day last voar 27ti913 weeks clearings el l < 7437 sumo week last year 1742110 The Eastern Financial Situation I In their monthly review L H Taylor Co of Philadelphia say I is not entirely proper to assert that the big bank deposits are due to un inability to use the money in business Mercantile and manufacturing concerns have now in use their ordinary resources They have not had a big business busi-ness revival simply by reason of the fact that the farmers having paid off debts are waiting t market their surplus of 1S91 crops before indulging in rural extravagances extrava-gances Western railroad officials say that the farmers always hold on to enormous grain reserves until tho next seasons crops can bs judged The months of May June July and August of 1892 may witness a greater tonnage than in 1891 and yet those earnings for the farmers and railroads will be from a crop garnered a year ago It will then be that the money spent in country towns and villages for goods and not debts will find its way into the pockets of city merchants who in turn will call on the furnaces factories and mills for fresh stocks of products When business men reach the latter stage their additional money requirements will havo to be supplied sup-plied and not until then In the meantime mean-time the investing public and institutions who are compelled to find employment for capital ere looking with anxiety at the low rates for loans the enormous supply of funds an < 3 the scarcity of good investment invest-ment securities Business Failures The business failures occurring throughout through-out the country during the last seven days as reported to I R G Dun Co number for the United States 177 end for Canada 31 or a total of 20S as compared with totals of 218 last week and 231 the week previous to the lat For the corresponding week of last year the figures were 243 representing 211 failures in gres United States and 32 in the DoaJn ion of Canada Box Elder Countys Mineral Thomas Youngqutets City Bellemine in Lewis cafiou north of Brigham i looming up Some fine samples of gold quartz were I brought in recently This ore was obtained II I only a few feet from the surface I assays I 30 gold and 2 silver This was found In small pockets but the indications are that a big body of richer ore is close at hand TEE GEORGE CHEEK MIXES Today four miners of Brigham trill II I leave for the George Creek mines in the western part of Box Elder county Their intention io to sink two shafts one on the Antelope and the other on the Brigham mine The indications of the country are lat tv will strike something valuable h near the surfac The results of their labors will be watched with keen interest THEEAST SIt S-It is said that the East Mountain mining region will come to the front this summer This is not far from the Twin Saw mills or between eight and ten miles on a direct line west of the flourishing camp of La Plata Tho place was but hurriedly prospected pros-pected before winter came on last year but notwithstanding this 0 number of good claims were found located and slightly developed de-veloped ana with satisfactory results Some good oldtime miners have considerable consider-able faith in this section and say before it is thoroughly gone over after the snow disappears dis-appears many other valuable claims will be discovered It is in this neighborhood I where tho Hendricksen tie Richard and other promising mines have been lately started BuoZcr The Finds Near Mompelier Tho finds made near Montpelier a short time sinco are said to be showing up better than ever and the last rock taken out ran over 15 to the ton the ore growing richer as developments increased Coinage of the Mints of jlio United States Tho following statement shows the coinage coin-age executed at tho mints of the United States during March 1S92 1S92Piece Piece Valise Double eaglesouo 155516 f27l03i0 00 1356 lo32 0 Englesuuu hh 41973 339730 00 4tJ7 30 0 Halfeagles ouo 179178 f5S9 0 QuartCreaglesou 2S a750 Total gold 359G90 5405599750 C59 I Standard dollars 350620 35160 00 I 362Q 36 0 HaUUollara hn 50aCJO 23J810 00 5G6 0 Quarterdollars I 145luo 8rl5ft 0 S6 Dimes lTa > 3lG 173231 0 Total silver 3791176 51092315 0 Five cents 2a50817 117540 85 One cent 3312507 33125 07 Total minor 5CG3324 8150605 92 Total coinage0Sl7100 55298979 12 La Platas Outlook There is no doubt but that La Plata is d estined t one day become a big and prosperous pros-perous mining camp She has the resources s re-sources the brains the muscle and the japital to back her All admit that great b lodiea t > f untold wealth still lie there undis t nrbed Men of money have invested con liderablo money in developing tho place and they wont rest easy until they secure satisfactory returns for these expenditures They have their fingers in the pie and wont pull out before they hook up several I rich luscious plums Some 250 energetic I people are there now new business houses II I ire being opened substantial homes are in Bourse of construction and from twenty to hirty very promising mines now being worked These things all go to tell a flattering Bugler flat-tering story of the future of La Plata In the Henry Mountains Reports from the recent finds in the Kenry mountains are meagre but the lat esV news is very encouraging assays from the Summer mine showing 90 to the ton Tho ore is free milling Lead and Silver Lead has been steady at L22 < during he entire week Silver opened at 8 went t o SGj then to 6M and closed last evening even-ing at 86 Ore and Bullion The ore and bullion shipments for tho week as reported by the various banks tvoralSO35000 as compared with 214520 for the week previous They were as follows fol-lows By McCornick Co Silver and lead ores 5 86050 0 Banauer Bullion o 27100 00 0C Totlu U13750 0 By T R Jones Co Bullion llEOO COres 0 C-Ores u 50400 0 Total S 07600 0 Total shipments for the weekn S18060 0 NEWS FROM TIE MINKS Mr Han uer reports the week as a very I quiet onedue to the low price of the metals bad roads end other things over which the miner or mineowner has no control Park City Bingham Tintic Frisco Stockton and Fish Springs wet e the only camps heard from The Cottonwoods Cotton-woods are still shrouded in snow From Tin tic 1 Northern Spy The Spy has closed down The low price of the metals is alleged as the cause but other information is to the effect that work will be resumed in about a month The Swansea The Swansea is apparently not affectei by the low price of the metals as a larg force of men was put to work last week and extent development will be pushed to its fullest CentenniaKEurefea The regular monthly dividend was paid on the loth There are rumors that work hereafter until the metals advance will be confined t development the taking out os enough ore to pay the working expenses which indicates that the dividends will not be forthcoming as usual I South wlnaea Tommy Croxallthe discoverer and owner of the South Swansea has been in the city for several days Ho says the Swansea shipped eighty tons of ore last l month averaging 2 to 31 silver S to 1G3 lead and 34 iron and there is any amount of the same rock in sight Mr Croxalls friends here will be more than pleased to learn that his persistence and pluck are being so richly rewarded The BullionBeck The shipments from the B B w ere some whatiighter than usual The Caroline Becks Caroline sent in its usual heavy II output I The Eagle There is another reported sale of the Eagle which will be consummated on April 30th Ilia Dnmflcarc Three men only are at work on this property The Diamond I has been rumored on the streets the past few days tnat a body of ore had been struck In the Diamond property It has oeen impossible to learn from any reliable source whether the report is true or not but it is generally believed that it is true I has been expected for some time and that the ore is there is not questioned only a matter of depth was considered Jlfiner The Gemini An unusally large force of men ore at work on the new Gemini double compartment compart-ment shaft Miner Jmrcka Hill I Tho ore piled UP in the bins awaiting tho i construction of the Rio Grande Western is coming in almost daily The pnhonso Stock is quoted at 25c per share but no deals have been reported The Snowflake Stock is offered on the open market at 1 fins Gumdrop A small shipment came from the Gumdrop Gum-drop From Bingham The Brooklyn Three hundred tons came from the I Brooklyn last week weekThe The Petr The Petro is among the steadiest and I heaviest shippers of Utah and promises to I continue so Stewart No 2 I The Bulletin says preparations are being I J Ji f J mate for tho beginning or work on tne Stewart No 2 I Ihe JDixon The operators of the upper workings of the old Dixon mine are now taking out ore d aily The Alamo The operators oC the Alamo are experi ncing considerable difficulty with water The Argonaut As shown by the large volume of water coursing down the Argonaut placer fume hat valuable property is being even more v Igorously worked thIs spring than over b I efore Bulletin sprng Gold Extracting Company Manager Charles Humphrey has a good force of men at work on the new leaching slant being erected by the Bingham Gold Sxtracting company and is getting things in shape in quick order I the present a active wor worA on the plant continues it will b IB ready to begin operations sooner than it was first expected that it would be Mr Humphrey tells us he thinks everything w ill bo in readiness for the treating of ore iy tho first of next montte Bulletin The Peabody The Peabody mill and mine will be sa started up again ina very short time1 ran r-an absolute silence of several months Mohawk Consolidated B F Butler who has the contract for ds riving long tunnel on the Mohawk Consol Con-sol ated says he is working three shifts s itbadlly but is uot making very rapid headway at present owing to the fact that the ground through which they ground are now passing is of an exceedingly hard forma t ion Bulletin From Park City Tho Ontario Ontaro The usual monthly dividend has been announced an-nounced Shipments are light on account of the bad roads The Daly The regular dividend has been declared payable the 30th The Mayflower There were tho regular shipments of ore I and concentrates The Anchor The anchor was among the regular shIppers From Fish SprngsThe The Cactus Work is being rapidly pushed on I the Cactus the recent rich find having had a 1 most stimulating effect The Spanish Late assays from the Spanish have shown from 150 t 200 ounces silver and GO to 70 per cent lead The owners believe they have a bonanza the equal of beleve anything f ever yet known in the Deep Creek section The Manuel The Manuel joins the Cactus on the south I shows a voin of iron ore going 45 ounces in silver The Wildcat A small shipment came from the Wildcat From La Plata The Hardecrabble A splendid showing has been made con sidering the amount of work done Several Sev-eral Ogden parties aro negotiating for an interest and it is expected that work will wi be resumed as soon as tho transfer of stock has been made The Daisy The shaft is now down forty feet and feet work will soon be resumed a contraol having been let for the 100foot level level The Santa Rosa There are rumors of a sale of the Santa Rosa The Hunter The shaft is now down fifty feet some good mineral has been found but not m place It is thought tho contact will be found at eighty or ninety feet The Lost Sheep The Lost Sheep is still idle and will not be worked until the Ogden road is opened 1 I The Bullr Boy The Bully Boy is merely n prospect the shaft being down only twenty feet but the indications ture are of a most encouraging na The La Belle There are rumors of the sale of the Li Bell and if this is i consummated the prop erty will be thoroughly doveloped during I the coming summer Old Abc Fine carbonates have been taken from a shaft ten feet deep The Red Jacket Tho Red Jacket people are working four men at present but it is said that they w ill put on a force 01 men stfon and pUSh wi opment work This is a great nroparty Jroperty Where ever in you go their workings you can see the metal shining and can dig some tine specimens out almost anywhere with your candlestickEx L The Sunrise A iwoiooi vein 01 gaiena reported in the Sunrise There are seven tons of oren o ore-n the dump awaiting shipment The Jlonteznma Work has been recommenced on the Montezuma which is on the La Plata contact con-tact From Stockton 1 The Bullion Ono carload came from the Bullion going b 272 lead and 15 silver The Buckhorn Ono carload of ore went 3S lead and 3 silver |