The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-11-25

AHO OOACoO VA SGabiOL4So 1CPO4Lo IAO
exports of hog products in the twelve
months ended October 81 at 4o9, O6S. 5S2
pounds of meats, including mess pork
against 4S9, OH 299 pounds in 1867, and
the exports of lard at 273 ,877 ,4I6 pounds
against 800. 137, 1856 pounds in 1867.
The total product exported was &c.,
945,0C3 pounds in 1878 against 8O9,-
ISL ,4S5 pounds in 1857. The deficiency
of the twelve months just closed is 1866
FOG. 4S2 pounds.
Lead has held its own firmly, and not
withstanding the vigorous efforts of in
terested parties to secure lower prices
the depression in values has been very
slight. At New York, sales were made
all the way from 1921 to 1915 footing
up 700 tons, and for January, the latter
price was paid for 300 tons more. At
st. Louis there was an active demand,
and fully 1000 tons were sold at $3.50 to
So So, while the same figures were OBJ
tanned at Chicago for another 600 tons.
The situation is still very abnormal.
The stock east and west, which is for
the moment entirely surplus, cannot
be less than Is 900 tons, mostly in bank
ers' hands, aud not likely to come out
until the price touches 81 % in New
York, but on the other hand, we find
that the supply of ore from many camps
is diminishing, and it is merely ques-
ton as to how soon the absence of the
fuller supplies will create reaction. It
is not likely to be this year, but 1t is
certain to come before summer. Lon
don has shown a weaker tendency IN,
der the re-shipment to that point from
New York of over 1 200 tons. and from
el3 7-6 the quotation fell TO el3-5, and
is likely to ease off shade further.
The sensation of the week was the
claim that fraud had crept into the
affairs of n. Corwith & Co., and suit
has been begun for $750, 900, obtained
through false pretenses, but their mat
tiers are in such an inextricable tangle
that the eXact truth is hard to obtain.
In Salt Lake, there has been but slight
change during the week past. 1t opened
at So. IS, and remained at that figure
until Friday, when it declined to $3.50,
and yesterday the figure was the same.
Copper has not shown any special
movement. Prices at New York eased
off to 917.50 for Lake and 916.25 for
casting brands, but the demand is still
slack Meanwhile, curiosity is alive to
know what the next price is to be on
the pool sale, for deliveries on the pres
ent one will soon expire. Every indica.
ton points to q repetition of previous
figures, or to II cents, but certainly
to nothing lower than the last. The
talk of new contracts has been more
active. and all the indications point TO
the probability of a long and binding
contract to be made by most of the pro-
ducers. In fact, the whole matter is
resolving itself into a sort of copper
trust. The amount of capital is now
placed at So 900, 900, and the companies
are to reduce their output 20 per cent,
and are to receive some additional BEN
eft above the last contract, otherwise
their situation does not seem to be very
promising, for the stock on hand has
increased to nearly 81 600 tons, without
counting the added supply at the Ana
conda and some of the continental
mines. so that the statement of the
bears seems in a fair way to be con-
firmed, and 100 600 tons will be piled up
by January LIST. Chill bars have been
steady at Els spots, and futures 979,
with G. NJ BIS equalin value, and best
selected $81 10. Speculation at london
has become very slack, and it is very
questionable whether operators will be
willing to play much longer at the one
sided game.
According to our latest advices from
the east, the revival of trade resulting
from the removal of political uncer-
tainty has made some progress during
the past week, though not in extent or
direction quite according to anticipa-
tons. The speculative tendency has
been distinctly repressed by singular
com 5ination of influences. The volume
of legitimate trade continues large, but
in important branches the transactions
in anticipation of an improvement in
prices were so large prior to the election
that comparative dulness has followed.
The war of rates between trunk lines is
the chief cause of disturbance in spec
ulative circles, but there is also some
foreign realizing, and men are beginning
to consider whether disputes between
this country and Great Britain may not