The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-07-15

given being the heavy demand AND the
poor crop of raw material. An Apert
! is reported to have made a pre- &otion
that sugar would be / cent per pound
higher by September. The consump-
ton is about one pound per week per
capita the year round, but during the
months of June. August and Septem-
| Der. when canning and preserving are
popular, the consumption is almost
double that quantity. A friend OF the
trust co n bination said it was mistake
to attribute the continued advance in
the price of sugar to the Searles ring.
| 1t is the trust that consumers and deal
ers have chiefly 10 do with, and SO,
when the price is put up, il is declared
to be an arbitrary act on the part of
Manager Searles. The truth is, said
the friend of the combination, that the
advance is due to the scarcity of raw
sugar, W ich has lately gone up,
Others believe the market will have
slack spell, and the price will remain
rather steady until next month. The
combine is turning out 10000 barrels a
day, and clearing $4,000. II it so
pleases, it can increase the prica cents,
and the consumer will be obliged to pay
it. II is "a arbitrary body and indie
pendent refners can ard do di: pose of
ali the sugar they produce at trust
prices.
The sudden jump in The eastern coffee
market of a couple Of weeks ago did not
affect merchants in this section to any
extent, the fight being, apparently, be.
tween dealers only. During the week,
there has been decline in coffee here
of cent,
The local stock market is in its nor
NAL condition. President Davis and
Vice President Nounnan of the Curb
stone Exchange, have, it is said, aban
doned their idea of erecting villas near
Garfield Beach. AS a result, their
friends will be compelled to accept such
accommodations as the various resorts
have to offer. There is but little de-
,mand for any stock-even u. @. M. l.,
which, a short time ago, was frequently
quoted, being seldom heard from.
The $4Oo,OOO,OOO of gold and silver
produced by the Comstock mines of
Nevada came from ores having an
average value Of about S48 per ton.
| The average value of Leadvllle ores,
which have yielded $135 900 600, was
and is less than $50 per ton. In Gilpin
County, Colo, whence came more than
$40 900, 600, the average of all ores is
under $40 per ton.
In their semi-apnuaI review of the
business of the country and the future
prospects, r. G. Dun & Co. have the
following to say concerning this city:
"The resources of this Territory are so
varied and numerous that they afford a
basis for a certain standard of trade,
which in volume is always sustained +;
while one interest may suffer, the aver
age is maintained by the prosperity of
others. The past year has been marked
by az unexpected era of progress forced
forward by advantages that had been
held il allegiance, and assisted materi-
ally by harmony and unison of action
in previously conflicting elements. An
impetus has been given to the develop
ment Of local industries, and different
enterprises are in the embryo that
promise to greatly augment home
production. The results from leading
mines continue as satisfactory as here
tofore, but the output generally is not
likely to increase much until proposed
I.extensioDs and new railroads open up
fresh districts, furnishing proper trans
portatlon to the smelters for ores. The
jobbing trade of distributing points has
been more than usually large, while the
export shipment of Utah farm products
and cereals show steady increase; the
ready market found for the latter, due
to excellent quality and growing de-
mand and production, forms most
valuable adj net as factor in tie pro-
motion of general business. The pros
poets in all lines are most favorable,
with the exception Of the wool interest !;
the low prices have caused heavy con-
signments to be held over in Boston,
and in localities where wool is the main
reliance slow collections are noted, &C
companled by unsatisfactory trade in
dications. With cheaper money, and a
relaxation of railroad Discrimination
towards which there is tendency-the
future is believed to contain the most
flattering promise of increased develop
ment and business for this inter noun
tain region"
Wood River people have at last re-
solved TO make an effort looking to the
| reductioo of railroad charges on ore