The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-01-29
AND MINING.
The Activity in the Real Is
tate Market.
NEWS FROM MANY MINES
Ore and Bullion Output-The Bu iness
Of the Wsek-Lead Still Buoy
ant-Generzl.

1hS~0OAoE5l'
The liveliest business .laces in the
city now are the real estate offices.
There is not one agent but who does not
complain of being rushed 10 death"
with business, and several of them who
have heretofore been conducting their
business alone have come to the conclu-
sion that partner is an absolute Eeces.
sity. Il have" said one agent yester-
day, engagements ahead for at leas
TIM e days, and must neglect my office
work to attend to them"
There was tim" said another,
when we were compelled to hunt fot q
buyer; now the buyer calls upon u.s."
Several new firms have opened Offices
during the week, and those who have,
heretofore, been operating in quiet
and lostentatious manner, have flurg
their banners to the breeze, and are
coming out in all the glory of gold let
tiers and attractive signs. Some OF the
dealers deprecate the publishing of the
real estate transactions made from day
to day, as tending to initiate prices and
make property harder to get at. Others
pooh-pooh this idea, and point to the
columns devoted daily by the journals
of the Eastsrn and Western boom cities
to tn, real estate transactions. Thsre
are those who already see premonitions
of the boom, and wise and far-seeiDg
citizens will put nothing in the way to
prevent its approach.
Business during the week may safely
be said to have been fair only; yester-
day was not remarkable for any par
ticular rush, although good business
was done, especially among the retail
merchants. Wholesale merchants re-
p ort the usual dullness prevailing at this
season of the year, and collections are
not coming IN IN a manner at all salts
factory. The festive drummer, with his
line of spring ana summer goods is al
ready on the road, and reports received
from some of them show that the
country merchants are laying in larger
stocss than usual, evidently anticipat-
ing good seasons trade.
Lead still remains at satisfactory
figure being quoted yesterday in New
York 81 80 per hundred pounds; in Salt
Lake, $50 per ton. Silver 96% in New
York; 935H in Salt Lake.
The local stock market is still de
pressed, and the Curbstone Exchange
seems to have st Its grip.
The organization of the Last Chance
Mining Company by the owners of Ban
mock stock would seem to indicate re-
vival of work at Era. The principal
parties to the transaction. however, are
very reticen,, and say they prefer to
remain silent until the al ticles of asso-
citation are filed, which will probably be
done tomorrow.
Last quotation of Utah Southern gen
eral mortgage bonds in New York, 81.
Utah Southern Extensions. 81; Oregon
Short Line, 102K; Denver IL Rio Grande,
ist7's, 100; lsr consol As, Tx D. Il r.
@. w, 1st IS, y; 1st con. assented, 671<.
That Salt Lake is MOI the only place
where business is rather quiet, is evi-
denced by the latest sdvices from New
York, received by R. G. Dun & Co. |
They say that business throughout tn |
country is quiet, even for the season |
Fairly active joobing trade is reported |
at several points when wholesale ousi- |
n SIS is distinctly dull, and a prevailing
feature seems to be indisposition to
take quantities. in view of the unusual |
Uncertainties IN many markets caused
by strikes, by speculation. and by legis-
Y tlUl Il Hhiaon0
uiation has been dull, and in legitimate
trade. though there is some improve
ment of late, less is doing than last
wear. Hard times in drouth regions /
throughout the West feet purchases
but IN other sections there is gain.
AT st. Louis, prompt payment on past
o qrchases and continuing large dlstri-
button are notieed; at Louisville
values are softer without improvement
in volume; at southern points trade is
quiet, and at Philadelphia q slight i'm
provenent in distribution is observed
collections are fairly satisfactory att
nearly all points, and money generailvj
in fair supply, though rather close at
Denver and Cleveland.
The Lshigh and Reading strikes grow
more effective, and are stopping many
manufacturing establishments. Though
actual deliveries of anthracite are
larger than for the same weeks last
year, operators and retailers vie with
each other in putting up prices. Pow
erty of miners causes serious appre-
1ension among traders who rememb n
that their losses after the strike of 1875
we're three fourths of their accounts.
The Iron Association reports GAIT, 148
Cons of pig made last year gain of Ii
per cent. but unsold stocks increased
"a 9l3 tons. IL is noteworthy that
southern production was only 6 per
cent. over that Of 1856 But for activity
IN snip, bridge and Car building, the
trade would be less hopeful.
In wool, the little Improvement re-
Gently seen has vanished, and the mar
ket tavors buyers again. The stocks at
Boston were over COCOON pounds
arger than last January, but at New
York rather smaller, while Philadelphia
tocks are refused. The demand for
woollen goods is moderate, but more
reauent inquiry gives hope. and the
range OF prices is on the whole but
little below those of last wear Corfops