The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1883-11-18
COMMERCIAL.
Local Trade, Mining and Stocks.

Local Trade, Mining and Stocks.
The money y srket still continues tight,
thoush the demand is trife less active
than in the ca lier part OF the month.
A prominent money lender, who ia usu.
silly found flush Wien the banks shut
down on loan. alt, gether, yesterday said
to HERALD man that never refore in
his experience I'D be r. en- loaned ~ -
close" as at The present time. LDe and
a halt per cent. per month has readily
seen paid for Z oney, even witl reel es-
To- e for eecuri y. and on such c0llaterals
as Or. 9 snt mining stock.
The feas tnat Walker Brother i'm
mense stt OK would De thrown on the
market, .ded to the fact tt ct 80 nsDy
of our heavy merchants are cram ming
their warehouses while he freight war
lGsts, has had the effect Of creating
grest dea Of nervou ness among
the Smaller dealers in the city; this class
of merchants, whose capital Is limited,
can reap very little benefit from the cut
in freighte, and they look upon the an-
lions If their larger brethren with con-
siderable ar x,ety, although the amount
Of freight daily arriving in the city is
something stupendous, there are several
leading institutions who have done very
lit e more than to order their usual sup
plies. With these firms there is q belief
that the next move of the railroads will
be sill further cut, instead of an ad.
vsncPment Of rates. One Of our heaviest
shippers in recent VersstlOn ex-
pressed himself as follows: "I'Il tell you
on what l base my theory that Is cent
rate will be the next one esta blished; the
L toll hnv mi nm yrrap ny1fa
shippers here q rsta of 80 cents per hun.
make good to those shippers the differ
ence between so cents and any
lower rate d. & r. g. may es.
tablisb. Now. under these circumstance,
will it not be natural for the Denver road
to come down Csc. hundred, when, if
they gained no other point, they could
force the Union Pacific to rebate to its
shippers Csc. . hundred on all goods
shipped since the commencement Of the
cut? On 500 carloads this would amount
to $25, 600. and il the Union Pacific re-
fused TO disgorge (which think prob
sble-the Denver & Rio Grspde would
gain every shipper in the town." One Of
our leading bankers in referring to the
same subject, said the oatlook was not
an encouraging oue' Inc mercnaats,
said he, 'are piling up their shelves
with goods-the most Of them entirely
forgetful Of those interesting periods
thirty, sixty and ninety days hence,
when the papers for tn. Sc goods begin
to fall due. A few have enough capital
to carry their stocks, the rest must either
pay heavy loads OF interest, or 90 to the
wall. A few months ahead / think we
may look for the first disastrous results
of this freight war"
Thee opinions only confirm those pre-
viously expressed by HE HERALD; we
reiterste our advice: ''Go Slow" in the
case OF such staples as sugar, naila, ETC.,
the uIofts on which are at all times
snail, it msy be we'll to take advantage
OF the cheap transportation offered; but
they will be wisest who avoid overload
ing themselves with those other articles
OF stock which it takes time to dispose Of.
The week just passed has been 8 rather
dull one in The ore market, though the
bullion output has kept up as we'll "a
usual. Following is an sccount Of the
shipments made by the banks named be-
low, for the week ending Nov. 18th:
MCCORMICK & 90.