Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1886-11-11
BUSINESS NOTES.
Upward Tendency OF SilVer-Bear-
= s--s.-s-ssIisl,--..1 EndsL is" aud
Whining Items.

Mining items.
Silver is slowly but surely creeping up.
1t is 81 OF, and lead holds its thrifty leap
at $3.50. Miners look out from their holes
in the ground with Frightening faces, and
the goose hangs high" in the mining
camps.
Stocks were slightly depressed in the
New York market, in view OF the pre-
sumed possibility OF Mr.. Georges cleo
ton. 1t was hardly complimentary to
far-seeing stock operators to base bear
movement on so shadowy foundation.
Brddstreets of a late date says, money
was much easier; the arrival Of a large
amount of gold from Europe tending to
give less stringent tone. Wheat has
been stronger and higher again after a
reaction from the advance in the early
part of the last week in October. Specu-
lation, foreign war rumors, and the grow
ing opinion that importing nations will
yet have to buy largely from the United
States, are underneath most recent adj
vances. From number of points word
comes that mercantile collections are
made with less ease, which is attributed
in part to the low prices OF staple farm
products.
Over Is 900 Montana sheep were sold
in Chicago last week, for feeding pur-
poses, at from So .65 to $3.50.
The Dustin bank failure, at Lincoln,
Illinois, affects Montana creditors to the
extent OF sos, 900.
The horses of the Boulder vicinity are
afflicted with the same disease troubling
| those of Silver Bow COunty-catarrhal
influenza.
John w. Mackay's Postal Telegraph
| line has been commenced at Dunsmuir
| to run southwark. Post holes are dug to
Big Castle Creek. The cars containing
the outfit were switched off at Hazel last
Wednesday. Mr.. Tracy, who has charge
of the work. says he is instructed to keep
the line sixty feet from the centre OF the
railroad track, and will keep down the
Sacramento direct to San Francisco that
the line will run through Redding, and
will be composed OF four wires. A tenn
porary line is to be built from Dunsmuir
to connect with the line now being built
the line will be completed from between
Portland and San Francisco.
George O'Bannon, an old time prospec-
|
suicide near the Uncompahgre Cantone-
ment, last week.
The product of the Cnur dAlene this
season is estimated at 81 100000 gold,
silver and lead.
The Stormont Company's mill, which
was closed down for few days to make
some repairs, has again dropped her
stamps and is running to her full capacity
,, There is nothing now to report from the
!, Buckeye and Thompson; the output for
last week is similar to the previous week
, the 600 and 700 slopes are still looking
we'll
The material for the Bayles q Holland
teachers is being shipped to the mine. -
! S. Utah Times.
The failures in the United States for the
. year up to the 18th OF October were ac
? cording to BradStreePs as follows:
Middle States Observation-Disclosures. ,902
, New England. NEUTRALITY-SUSPICIOUS.. ...... 9oi
, southern ...''.''....''''.'''.' ''''''.' ,0l
I western $3.50; :'''''''''''' ['oodl
Pacific States and Territories. ......... SSe
/ Total, United States. ................7,S9 S
t The latest news by mail from the Com
stocks shows that Consolidated Califor
mia carries all before it in its upward
march, and instead of an expected reac
ton, II general advance in prices wa
c made all along the line last Monday. A
the morning session on that day, Ophi
opened at $3.50 and rose to 1913. Bes
s e Belcher reached $500, ConsolidateC
. California, went from the morning quota
= tons OF 81, to $l2 at the forenoon ses
II sion, Mexican went to $3.50 and Best
n Belcher jumped to $4.30.
e John w. Mackay was in San Fran
cisco on Monday last but was intending
to return TO the Comstock shortly. Tn
d presence OF Mr.. Mackay with other OLE
L mining salts at their former stamping
ground has Il serious look.
9 In their former haste to go to the dec
J. after undiscovered bonanzas, the man
Is ayers left behind them untouched thu
| deposits upon which at present the ris
!, of stock is founded. The superintendent
Ne OF the Con. California q Virginia says
!. During the past week 03S tons AM
d l,Ol0 pounds of ore were shipped to tin
!, Morgan mill, and / ,7O3 tons and ,S2
e pounds to the Eureka mill. The averag
V value OF the ore milled during the week
v according to the assays from the batter
e samples, was $3.50 for that milled a
v the Morgan mill, and $500 for tina
d crushed at the Eureka mill During tin
s week bullion valued at $76,544.33 wa
n shipped to the Office in San Francisco.