The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-06-03
FINANCE AND MINING.
The Past Week in Our Bust
ness circles.
THE UTAH EXPOSITION CAR
Orc and Bullion Output-News From
MiLes-rrade East-Lead aud
S1ver-Gsneral


Mil es-rrade East Lead aud
Suver-G sneral
It is done. 1t is an assured fact.
Yesterday morning, the Utah Exposl-
ton Palace Car, briet description OF
which was given in THE HERALD of
Yesterday, was rolled up to point OPP
posite the Temple gates, and from that
time until dark last evening, it was
surrounded by a crowd, who were Curl
Gus to know Just what had been &C
complIshed by the gentlemen having
the matter in charge. Painters were
still at work on the roof of the interior,
and half dozen men were engaged IN
getting the exhibits into presentable
shape. Until this last labor had been
accomplished. the puolic were not ad
mitted to the interior, and stood around
in little gro1ps, admiring the car from
afar. There was but one verdict-from
an artistic standpoint-and that one
Will BE Cbl L4IAC
of yesterday morning. Just as to how
much coed the fitting up and sending
out of the car will accomplish is yet a
matter on which opinions differ. Yet
it is safe to say that the idea has gained
many converts since it was first sprung
upon the public. Even those who are
bitterly opposed to the idea, draw
some co.'s olation from the thought
"Well. it may not be productive of
much good. but it certainly can do NJ
harm, aud il will have the effect, even
from an external view, of proving to
thousands OF people who have been
educated to so believe that we are not
such barbarIsns as they had supposed,
and that there is at last. some symptoms
of enterprise amongst US
"a year ago." said another gentle
man, "such an undertaking would have
been deemed far too big for us-the
magnitude of the scheme would have
knocked the breath out of many who
now lay back on their dignity and al
AuO6 " AbO L41bb0i oS LhClS OoE tSAASG
and cry for something more substan-
tisl."
TIE HERALD Will receive daily reports
from the car, arrangements having
been perfected whereby a complete
record of its movements, the towns
visited, etc.. will be kept.
There was a Sight awakening in bust
ness circles last week. Reports from
various business houses, received yes
tsrday, are varied and conflicting, but
not at all unsatisfactory or dishearten-
ing. One large concern reports fall
ing off ia its trade as compared with
that of year ago. Other and smaller
establishments say their business is at
least % per cent. in advance mp to the
same period of last year. Wholesale
trade generally may be set down as
quiet, though not By any means stag
nant. Retail trade IS in a healthy con-
dition, and but few complaints have
been heard. There was the usual
Saturday boom yesterday, and 1t was
most satisfactory one.
Speaking of the local mining stock
market, we are again compelled to re-
port II as fat-Very fiat. But few
stocks are offered, and still fewer taken.
There seems to be little disposition to
sell, and less to buy.
Money is easy, ON good security
farms and other real estate being pre-
ferred as collateral. However, there
are but few loans being made.
The downward movement of lead
which has been going on for some
time past, seems to have come to an
end. The week just passed showed a
slight rise, the metal being quoted
at 4O5 for several days, but it went
back to zero again Yesterday. Latest
adYices from the east are to
this effect that some OF the
larger consumers are evidently
more disposed TO take advantage oil
nrasent quotations to secure some stock.
Although the current price may be
deemed low when compared with the
figure touched during the last advance
vet Judged on its merits, the future oil
lead does not command much conf
dence, not because lower prices are e1
pected, but the general public can mo-
see any grounds for an advance witt
stocks in New York still very l9rge snC
consumption not very satisfactory
while production not only continue
tinues undim nished, but shows signs o
O large increase before long.
Silver has been making desperate
struggles once again. At the openin
Of the week, it was quoted at 9lk,
then advapced to 91N then to 9lT an
yesterday, 92X was the figure named.
The copper market has not expert
encsd any change during the week.
is still feverish, however, purchasin
still continuing in behalf of the bi
syndicate at 1850, but very little b.
been rendered at that figure. There
Ii.tle more steadiness notable than
week ago.
The Union Consolidated Gold Minir
Company has filed its articles OF asst
citation with Clerk Mcmillan, of Il