Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1886-11-19
BUSINESS AND MINING NOTES.
Railroad Earnings-SIIver and Gold
Items-Trade ana Failures
Mining and stocks.

Bradstreers OF the 18th inst, gives
| tabulated statement OF revenue, mileage
and capitalization OF seventy-nine repre-
tentative railroads, together with rail-
way earnings for October and for ten
months in 1886, 1885 and 1884. The
total earnings OF these roads for October
was, in 1884, S21 ,643, 24j, or an average
OF 1918 per mile. In 1885, the total
earnings, 500, 1888, 1865, or an average OF
| 1927 per mile. In 1886, the total earn
ings, 1923, 63S, Ala, or 5l4 per mile. The
aggregate mileage increased from II $50
miles in 1884 to 43,60S miles in 1886.
The present construction Of railroads
is mainly west OF the Missouri river,
and shows conclusive that, "West-
ward the course OF Empire takes
its way" Indirectly it serves to
emphasize the fact alluded to in
! the DEMOCRAT heretofore under the
head OF business Notes." that new
roads were building in the direction OF
our mineral districts, indicating that the
mining industry was about to take new
lease OF life, and that railway and min
ing development walked hand in hand.
In this connection it may be OF interest
to note the exceptionally large increase
of earnings Of the ID. q r. G. Railway,
for the ten months in 1886 over 1884.
The gross earnings OF 1884 were 1857 ,2S5,
the earnings over the same number OF
miles in 1886, amounted to $7I3,2l2.
Moreton Frewen writing to Bradstreets
in advocacy Of silver currency says: "The
position we have really drifted into is
q oil, 1,t,
instance two other mere commodities,
say beef and mutton. Just as silver and
gold were before 1875 consumed in the
currencies all the world over, so it is now
lawful to eat beef and mutton. But sup
pose the state, in a moment OF unwisdom,
treated mutton as it has treated silver,
and refused to permit its consumption.
The price of mutton would fall enor-
mously, the price of beef would appre-
ciate Beef, like gold, would go TO a
famine price in consequence OF the de-
mand OF those who formerly eat mutton
chops"
The Director OF the United States Mint
reports the total coinage of gold for the
year ut 1888 ,077 1880, of silver at $50 022, 347
the production of gold and silver in the
world during the calendar year 1885 is
estimated at SOL $4,000 in gold; silver
calculated at its coming value, $l25,000,-
600. The production OF this country is
estimated at 1888, 100000 in gold and sill
yer, about two-fifths the production OF
the whole world.
Trade generally, especially in the dry
goods line, is reported dull. Labor trou-
bles and the labor vote and less foreign
demand for American securities, affects
unfavOrably the stock market. Money is
easy, gold is coming from Europe, and
disbursements from the United States
Treasury are liberal. There have been
less failures throughout the country this
current year than last. Idle money is
accommodating in Great Britain.
The Secretary of the Treasury gives
notice that the interest due on the lst of
December next on U. S. AZ per cent
coupon bonds will be paid without re-
bate. Interest on the per cents due
January LIST, 1887, will be paid at any
time upon rebate OF interest at the rate
OF per cent per annum, showing that
Uncle Sam has plenty of money.
The London market for silver is firm
and advancing. Lead is huctuating and
sales are light. Copper is higher, with
prospects OF an advance,
In mining matters, Comstocks are
climbing up. Con. Cal. & Vir. shares
have touched $50. Its daily output OF
ore is about 400 tons.
1t is reported that +. j. Travis q Co.,
have sold their ranch at American Falls,
to Mr.. Burke, formerly OF the firm OF Lo-
nergan & Burke. Price unknown.
The Virginia City Chronicle OF the
9TH inst says; Assays made from sam
pies Of ore cut in advancing the south
drift on the 800 level in the Savage mine
are said to have ranged from 81 to Sl2 per
ton. This is considered encouraging
when it is mentioned that the samples
tested were taken from the rim of the
vein The strength evidenced by Chol-
lar is said to be due to a rumor that a
two-foot streak OF fabulous value has been
recently developed in prospecting the
large belt of low-grade ore on the 80
level. Rich streaks were frequently cut
in the apper part OF this ore belt while
the mine was under lease to w. Il.
Sharon"