The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-09-02

sill and seven at the bottom, and the
work is being done il the most thor
ough manner. 1t is In over sixty feet,
ID hard rock, and an average of one
foot pr shift is driven; but as soon
as the power drills are in opera
ton, probably by October 1st, much
faster progress can be made.
1t is r1mored that the litigation be-
tween Grant and Shaughnessy in refer
ence to the Glencoe property at the
Park, has come to an end, and that
Shaughnessy will be here within few
days, to make arrangements for re-
Stunning work.
Two OF three companies are at work
in the old Galens District, in Washoe
County. The mines were discovered in
1860, and for a time, there was much
excitement about them. The veins are
argentiferous galena, with a mixture of
antim0ny and other metals. The first
smelling furnace ever seen in Nevada
was erected at Galena in the early days
by Mr.. Hatch, inventor of the Hatch
matchmaking process-a process which
was used in many Of the first silver
mills. Owing to the base metals in the
ore and to some other troubles and
lacks, the smelter was not success.
Now iron ore and other material for
use as fux have been found on the spot.
1t seems probable that the mines will
soon be successfully worked.
The Phoebe Record says: A prospector
named Ouhna has made what promises
to be lucky find over near Deep
Spring, in the Inyo Range. He struck
q vein of metal that was new to him,
and he could not tell wlat it was. He
sent samples to Selby & Co., San Fran
cisco, who assayed them and reported
that it was bismuth and the ore car
ried 90 per cent. of that metal. Bis
muth is said to be worth 81 500 per ton.
Cuhna is nov taking out a quantity of
the ore, which he will send to Selby Il
Co. as working test. There appears
to be large quantity of the ore in
sight.
According TO the latest adYices from
New York, better feeling is prevalent
in business circles, and it is noticed in
every direction. Crop prospects i'm
prove. manufacturers are gaining con-
idence, and dealers, no longer operat-
ing on fall market, keenly appreciate
the difference. 1t would be premature
to assume that no setback will come,
for in several directions the possibilities
OF an adverse change are obvious. The
movement in foreign exchange may be
significant; but the present state of
business is clearly encouraging, larger
in volume than year ago, and growing
moro confident in tone. Extensive
crop reports within the past week
strengthen the belief that the corn
crop will De large. the oat crop large the
yield of wheat not below recent esti-
mates. Injury TO corn proves really
serious in some quarters, particularly
in Southern Kansas. Oats have been
seriously damaged also in some quar-
ters, and yet the aggregate yield is
likely to prove the largest on record.
Reports from all parts of the country
are more favorable. Though dull or
quiet, trade is still noticed at many
points, improvement is more frequently
reported. Money is firmer at many
points with an increasing demand, but
scarcely anywhere is there complaint
OF closeness, and collections do not
seem to be more backward than is usual
at this season. The business failures
occurring throughout the country dur
ing the last seven days, as repor ed to
4. G. Dun & Co.. number for the United
States lS7, and for Cauada 81, or total
of pa, as compared with q total of 2l9
last week, and 233 the week previous to
the last. For the corresponding week
OF last year the figures were 1856. made
up OF 153 in the United States, and %
in Canada.