The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-03-22
FINANCE AND MINING.
Matters of Trade During the
Week.
i TRIP TO THE GOLD FIELDS.
Recent Decisions-Bank Receipts
The Gold Fraud-General
Mining News.

1t is generally thought that the dd-
vertising columns of q newspaper fur
nish a very fair index to the business OF
a community; if this be true, there are
unmistakable signs of an awakening
abroad, as can be very readily seen by
reference to the fresh announcements
the SUNDAY HERALD this morning. The
FIRST disappointment consequent on the
changing of Conference is wearing of,
and merchants are hoping that if the
railroads give cheap rates and long
limits on tickets, Salt Lake will still
be visited by a great number OF the
country population. 1t is certain that
Logan cannot hope to obtain the usual
Conference influx, as the people of Cache
County alone would overflow the little
city. There is certainly no. money for
the railroads in the Logan Conference.
unless they make rates to Salt Lake as
veil.
There are no movements in local Sc
curities. y. C. NJ. 1. shipped two car
loads of dried fruit to- the east, and
wheat, principally gathered in the north,
is again being shipped by the Institution
TO Chicago; the Coop. makes nothing by
its wheat shipments, beyond the profit
on the merchandise it gives in exchange;
1t is content to find an outlet for the
vast surplusage at prices which will save
itself from loss
Bradstreet'S contains the following re-
cent legal decisions:
PRINCIPAL AND AGENT-LIEN.-Whe
principal consigns goods to an agent |
To sell under an agreement that the lat |
ter will accept bills drawn on HIM by |
the former to the amount of goods SO !
consigned on hand, it is a necessary in |
ference that the drafts are to be drawn
on the credit of the goods, and to the |
amount of acceptances outstanding the |
agent has a lien on the goods in his t
hands as security, and is entitled to re- |
tain the same until the acceptances are /
paid. The law implies or infers the |
lien from the relations between the
parties. So held by the New York
Court of Appeals in the case of Nagle
rs. McFeeters.
NATIONAL BANK-PowER TO PURCHASE
LAED.-A national bank has the power
TO purchase such real estate as shall be
mortgaged to it in good faith by way of
security for debts previously contracted,
and If in order to secure the same debt !
it purchases other real estate not
toit that does not affect the
title to the land it was authorized to |
purchase. So held by the Supreme
Court of the United States in the case
of Reynolds VS.. the First National {
Bank of Charlottesville. hssssa
Ore and Bullion L
The receipts of ore and bullion at the
various banks in this city for the week
ending Saturday, March 21st,
amounted to s99, 7s4.72 against SOB,
1878 for the week previous. They
were distributed as follows:
BIZ Wells, FARCE d Co.: Il
IS Bars Ontario bullion. $36, 26O. rs
2 Bars Christy ................- 3,055.53
Total. S89, BIG. 81
By HcOorniek d Co.: i
Hanauer bullion ......... $23.000OO
Wood River ore. .-............ $4,000
2 Bars Stormont silver ........ 2,s5OOO
Crescent ore ..................2 100000
l lot Eureka ore. .4.......... 1,15OO0
Total Observation-Disclosures. $34,S5O.OO
By Walker Bros:
% Bars Alice bullion, value. s25,s1s.41