The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-10-21

but these are small deposits and ore
streaks only occasionally met with.
This does not indicate character too
variable for successful working as all
developments up to the present time
prove the existence of ores in quantity
and value which yield a handsome
profit to the mine owners. The Eureka
Hill Mining Company's property is the
most extensively worked mine in the
district, and it consists of several
patented claims opened by deep verti-
cal working shaft: and is operated by
powerful engine; the underground
workings, consisting of levels, drifts.
wines, etc., will approximate $4,000
linear feet. The average shipment of
ore for the year may be set down at
l ,00G tons per month.
Colonel Switzler, chief of the Bureau
of Statistics, in his second monthly
statement for the fiscal year ending
June Both, 1888, corrected to September
22d, shows the following movement of
gold and silver for the year ending
August 31st:
Exports-Gold, domestic SIS, 4s5, $50
colo, foreign. ........... 4,b0I ,oeS
Total gold. Observation-Disclosures $40 ,143, 1888
Silver, domestic -. ..$16. 941, 759
Silver, foreign. ....s.... 12,742,556
Total silver. $29, 694. 3l5
Gross total exports gold & silver. $49. sS7, 653
Imports-Gold Observation-Disclosures 6, 1888. 17S
Silver Observation-Disclosures. 14,774, 099
Gross total imports gold & silver ISL, Joy ,274
Excess of imports over exports,
gold dnC silver. ,269 ,621
This shows balance of exports over
imports of silver of $14 ,920, 2I9, and that
such excess OF silver was used to pay
foreign obligations.
For the corresponding year of 1887,
we exported $26,226. 276 of silver and
imported $17, 428, 72S, being an excess OF
export over import of silver of So ,S07,-
$40.
The increased export of 1888 over 1887,
is, therefore, Sc, 112.67l.
Advices as to the condition of trade
in the east are to the effect that bust
ness continues satisfactorily active, ex-
cepting where traffic is still interrupted
by guarantees at the south. The gov
eminent crop reports has strengthened
wheat, pointing to a yield of about
407 900 600 bushels by measure. Flour
has advanced from $1.15 for shipping
grades to $2.40 per barrel for patents, |
or 80 to 43 per cent, and such an adj
vance is likely to cause great decrease
in consumption. If the rise in the
price of bread, as yet only one-sixth. |
leads to fall of sixth in the quantity |
purchased, the difference would be |
greater than the shr1nkage in weight of |
wheat, at the largest estimate. Exports
have been virtually stopped. The
cheapness in corn tends to lessen the |
home demand for wheat. At current |
figures there is scarcely any margin for
profit in exports. In dry goods, there
is general complaint of dulness, and
many look for no change until after !
the election. The business failures
occurring throughout the country dur
ing the last seven days, as reported to
r. G. Dun & Co., number for the
United States 1913, and for Canada 81,
or total of 227 failures. as compared
with total of I'll last week, and 220
the week previous to the last. For the
corresponding week of last year, the
figures were 202, made up of 1872 in
the United States and 20 IN Canada.