The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-09-16

shall remain unpaid will be sold on
October Both.
The local stock market islvery fiat :
Few stocks are ever even heard of.
Lead has been vscillating little dur
ing the week. In the early part of the
week, it reached S. 05; afterwards re-
coded to $4.97H, and closed yesterday
at the same figure.
Silver is on the move, and rose at a
satisfactory rate during the week. 1t is
thought by some that the rise will con-
tinue until the 81 mark is reached, even,
indeed, If the price does not go beyond
that figure.
With lead at or near SIS, with silver
climbing towards 81, and the three
smelters going to their full capacity, it
would really seem as though new era
of prosperity should dawn upon us.
| Add to this the recent reduction in the
bullion rate to the east and the saving
of 81 per ton ON coke, and the out
look would appear to be even brighter
still.
The sugar famine is nearing the end.
Retail merchants had enough on hand
yesterday to supply their customers,
but no accumulation. Wholesale
dealers report being able to partially
fill many of the country ord rs on file
by cutting them down from 25 to so
per cent. 1t is now thought that by
the middle of the week, the supply will
be fully equal to the demand.
In the Engineering and Mining Jour
nal Of late date is an obituary notice
of the late Mr.. ]. N. Tileman, general
managerial the Mingo Smeltering Com
psny. whose death recently occurred ID
this city. 1t is written by f. G. Blake,
superintendent of the Pennsylvania
the many positions of honor and trust
held by the deceased, it says: Sin each
and all of these positions Mr.. Tile
man has displayed rare ability, energy
and thoreughness, and an integrity
and honesty of purpose and action
which cannot be too highly valued, and
his death is great loss to the profess
sion. There was rare quality in his
character that impressed every one
with the fact that he was generally true
to the right in all of his dealings, and
this truth of purpose, and thought, and
action, was just as strongly shown in
the theoretical and scientific side of his
mind as in his practical life.
A'Strike that has caused no little in
terest in Park City, occurred in Wood
oh
lease had bsen taken on the old Wood
side property, owned by E. P. Ferry.
An examination of the upper tunnel
workings was made, and small seam
posed course of the ledge was after
wards trayersed, and a boulder met
with - was broken open in al
aimless sort of way. The roc K fell to
pieces and created small surprise |
party then and there. A few minutes
digging showed that the boulder was |
the outcropping of vein. at last &C |
counts, body of ore five feet wide ed |
been uncovered, and there appeared to |
be no reason why it should not prove |
bonanza. Assays made show results |
of 100 silver and Do lead, while some of
the picked samples reached the fabu-
lous figure OF 600 ounces to the ton.
1t is surprising that this valuable find
should not have been uncovered before,
because the spot is familiar to hundreds
OF prospectors who have been over the
ground time and time again.
A scheme is on foot in Deadwood,
OAK, to build system of narrow guage
roads from that city to the various
mining camps in the neighborhood
thus making it the centre of the min
ing interests in the Black Hills. The
system of roads necessary to the end
aimed at will cost mint of money, but
the enterprise is said to be well backed
by capital.
The Black Hills people are suffering
from very bad case of gold fever.
The prospectors recall with consider
able relish that the number has been
celebrated for its discover es of rich de-
posts OF the precious metals. Cali |
fOrnia in 1919, Pixies Peak in 1859 |
Nevada IN 1869, LeadvilIe in 1879. ali |
seem to bear out this statement. and |
why, it is argued, should not the Black |
Hills figure in like manner in 1889 |
That the gold is there. and in generous
quantities. not even the most sceptical |
question; the only difficulty is to get it
cut.
From the east come the advices that
the wool and iron industries respond |
at last, though with some hesitation
yet, to the stimulous afforded by good
crop prospects. The increased de-
mand for wool is shown in higher prices
for nearly all grades. While many
n anutaosufing works are still idle, and
tt Q advance in raw material is largely
b sad on the belief that the Clip Is
much below last years, there hes been
a di stinct improvement in the purchas-
ing by manufacturers. and in dress and
knit goods more activity. The specu
latlVe markets are higher. The ac-
counts from interior cities continue