The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-04-22

J
taken from the ground OF the plaintiff
company by the defendant, and iudg-
ment was obtained tor $4,000. The
Little Chief set up counter claim OF
SIC, 900 for ore taken from its ground
by The Little Pitt sburg, and on The ap-
peal this claim wa! allowed, causing q
Judgment of abo IT $40 600 in favor of
the defendants against the plaintiffs.
One placer mine in Alturas County,
Idaho, located a couple of miles below
Salmon Falls, is yielding about 81 900
month, six men being employed. 1t is
the only claim patented IN the county,
and it is estimated that with the present
water supply. it will not be exhausted
for neary twenty years.
Some of the residents of Manti,
Sanpete County, have been doing con-
siderable prospecting in the neighbor-
hood of Lost Greek, of late, with the
result of discovering and locating what
would appear to be bonanza, and
which, if very extensive, as claimed,
will IevolutioniZe matters IN the south
ern county. The ore so far extracted
contains large percentage of copper,
and an assay shows value OF over 500
per ton. The sample from which the
assay was made was taken from depth
of ten feet. Work on the newly dis
covered property has been commenced
in earnest, and the owners are sanguine
that better results will follow, as depth
is attained.
If dulness in trade were always bad
sign, the present outlook in the east
according to the latest advices, could
not be called hopeful. At only one or
two interior points is the actual bust
ness transacted satisfactory in volume /;
nearly all report comparative inactivity
in the present, with hopeful anticipa-
tions, though at several points, con-
siderable s|ackeDing Of trade is now
noticed. Money has become tight at
some western and southern points, the
complaints of poor collections being
much more frequent The clearing
house returns for the first week Of
April, which included large deferred
payments as well as quarterly settle
ments, showed gain OF per cent. over
last year, outside of New York, but
current transactions do not increase to
that extent, if at all. The inactivity has
caused a yielding in general prices,
notwlthstandn a slight advance in
some speculative markets.
The government report, showing in
| Jury to wheat, was the occasion OF q
sharp adyancein breadstuffs, and wheat
! is still cents higher, tn ough it has lost
part of the gain, ana corn gains also,
but oats closed 10 higher than a week
ago. A Chicago corner" io pork bled
some short sellers, but prices quickly
reacted. Cotton is shade stronger,
for though the crop already IN sight
exceeds the entire crop of last year,
and the falsity of short crop estimates
is proved receipts are now falling off
| Exports last months were Isl QUO QUO
pounds against 232 600 900 in March,
1887. Oil has risen 81 cents, and sx-
ports last month were AZ 600, 900 gallons
against 43 600 900 last year. Sugar has
! also gained traction, but coffee is I'M
certain, and by some shaded to secure
trade, and teas are slow and hesitating.
Butter is weak, eggs lower, and beef
does not improve.
In the dry goods trade, there is on
moderate business, with some cutting
to secure Transactions. PriLt cloths
have declined to 81 cents, and the tone
seems weaker for cotton goods gener-
ally, except for the most favored makes.
In woolens no change appears, and the
weakening wool market distinctly re-
! fleets the disposition of manufacturers
to confine purchases to present needs.
a large sale of Ohio Xxx at 90 is re-
ported. The boot and shoe trade con-
tinues more active and cheerful than
most others, and the demand is good,
but prices realized are slightly lower.
Leather is quiet, with fair volume of
| trade, and heavy sales of selected South
| American hides at 16 to 16X are re-
ported. Rubber is very firm at IS for
Para fine.
The report of iron furnaces in blast
April 1st, indicates slight increase
since March st, the capacity of few
large furnaces which have resumed ex-
cesding thai OF the more numerous
furnaces hich have ceased production.
But it is reported that further decline
this month Is to be expected. The de-
mand is so far satisfactory that the
Thomas Company report sales as large
as last years to date, and other COLI
Germs report fairly liberal sales. but the
offering of southern iron at $40 to 500
for No. 1. and SIG toSl6 80 for No. 3, still
disturbs the trade. Sales of 10000 tons
steel rails at the east, and 10 000 at the
west, are reported at unchanged prices,
but bar iron is low and irregular on
account of western offerings; wire rods
and wrought iron pipe are lower, and
nails are slow, the Western Association
having virtually reduced rates far be-
low 20d.
The stock market, after some rise and
reaction, stands precisely where 1t did
q week ago. Large foreign purchases
of bonds are constantly coming out
and there are signs that foreign buying
exceeds selling of stocks, but the end
ing Of the strike does not restore har-
mony among western roads. Eastern
trunk lines have met without action,
on the complaint that export rates
worked unfairly, aud suits are COM
menced for unjust discrimination in
eastern dressed beef rates. based on the
allowance to the Grand Trunk. The
Treasury has decidedly helped the