The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1883-11-11
COMMERCIAL.
Trade, Mining and Stocks.


The dissgreeable state of the weather
during the greater part of the past week
contributed to make trade somewhat dull
until Yesterday when there was q heavy
IL lux Of country customers, and very
6risk Saturdays business was the result.
1be money msrket which bore
some signs Of easing up several weeks
ago has now suddenly lightened again
and the best Of loans are going bee gipg
IN all directions. Several heavy Dor
rowers with such undenisble securities as
4. y. M. l. stock and U. q. r &. bonds
and stock have been refused at the banks.
and II they have found accommodation st
all they have been forced to pay high
rates 10 private lenders. It is always
difficult to ascribe reason for the sudden
scarcity of money in this market but 81
Inc present time it seems to be due mainly
to The demands Of the merchants who
are taking advantage OF the freight war
10 lay IN heavy stocks Of N erchsndise;
another reason is I'll q. all the heavy mil ca
an smelters pay Of their hands from the
Let to the 10Th OF each month. and the
banks where they DO business usually
curtsis the supply OF currency until this
class CT their customers is satisfied. Pres.
ent Indicate ns seem 10 point to q more
plentiful supply of money towards the
latter part Of the month.
The bad weather has hGd the effect OF
closing up the canyon roads go that they
are well nigh impossible. For this
reason The weeks shipments have been
comparatively light from Park City,
iEougB the Apex hss sent down several
small lots, all of which were SUI
prisingly inferior to its shipments i'm
medlstely previous; the assays ran
10 the neighborhood of % ounce silver
snd IS per cent. lead, fact which con-
firms the opinion that the Apex is only q
continuation Of the Crescent vein.
Sampson will have shipment down
the early part Of the week.
The Michigan syndicate controlling
the great Crescent properly have been on
the ground for the past several days,
surveying the mine and holding meet
ings in the Park. There is practically
no dimunition Of the great ore bodies in
this property, Notwithstanding the enor.
nous output from day 10 day; an i'm
mense amount Of ore is in the orehouses
awaiting the time when the roads enable
it to be reached by the teams engaged in
! hauling.
The past week has seen but little
activity in local stocks. unless we accept
the feverish operations in Horn Silver
There WAS great anxiety among dealers
, al the commencement Of the week t
| know whether the dividend would b.
paid as usual, and an inability to learr
anything positive caused several heavy
owners to sell at something below cost
When the dividend came, the stock raj
lied and hiss been going up point Thy
| point for the last forty.eight hours, JUS
keeping far enough ahead of this limit K
dissppoint several people here who hat
sent in orders to buy at q certsin figure.
Apex hiss been on the ascent ever iinc
the result Of It's last assays was known
This, in the face Of . delinquent assess
ment mex! Saturday, looks encouraging
for the executive M mansion. Several SIS. g
took place ca Friday ct Zoe. per share
Sampson and Crescent remain withou
any material change, though the genert
tendency Of the latter is upward. Ontari
glsddensd many herrt BY resuming il
dividends during the past week. III
expectations are thst there will be q
] further break in its distribution o.profu