The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-12-30

than in former years. This he accounts
for by the fact that great deal of the
money made this year has gone to pay
up accounts-some of which have been
outstanding for years past.
The fluctuations in the produce
market will be found daily chronicled
under the appropriate heading. What
ever of note transpired yesterday may
be cleaned from our Local Market
column this morning.
When cattle were at an abnorInally
high price, so that they could not pos
sibly go higher, and of necessity must
depreoiate, men "Went their strength, ("
and so far beyond as borrow and mort
gage would admit of. in buying cattle,
says an authority. Now that the prices
are below the bottom. and by the laws
of trade, supply and demand, and in
the nature OF things they must just as
certainly come up again, We seem
crazed with sire to give them away.
The man wiz stays now will be "in
luck" and cold judgment might now
take all the chances that mad excite
ment courted in 1884. The state of
things is not desirable nor expected;
but the very long lane has its point of
turning, and it is not far ahead. For
those to whom the cattle business is
good enough" there is a brighter day
! IN the near future.
Last summer, says the Record, N
Treweek and the well-known II. a.
Van Praag effected the incorporation
of the Comstoek Silver Mining Com
psny in London with a capitalization
of e250, 1000, for the purpose of acquir-
ing and operating the Black Bear, Black
Hawk, Intervention and Comstock
claims, formerly the Uintah group,
opposite the Crescent. Park City, and
covering 5000 feet in length of the
! apex of the lode. 1t is understood, to
complete the programme, that opera
tons will be started up on this property
on an extensive scale in the near
| future.
A Montana exchange says that
considerable quantity of Ceur d'Alene
ore is now awaiting treatment at the
Helena smelter. Shipments from that
section were formerly consigned to the
Wickes' Smelter, but as the Helena
Smelter is now prepared to receive
ores, these shipments are now being
made to the latter works.
The placer mines of Osceola are still
being successfully worked. On the
mountain. on the slope of which these
gravel diggings are situated, are two or
three immense veins, which show a
good milling average in free gold.
Some enormously rich pockets will IN
| douotedly be found in these veins when
worked. In the placer diggings, little
below, they, a few years ago, found
mass of quartz that contained over
| So 900 in pure gold.
A 5000 nugget is said to have been
picked up few days since in Fancy
Gulch, Coeur d'Alene. Piping with a
giant hydraulic is now being done in
this gulch by syndicate.
Advices from the east are to the
effect that business has been rather
more active than is usual for the sea-
son, although at some points there is
complaint. The weakness in the iron
market is distinctly due to over-supply.
Coal is weaker. The dry goods bust
ness is fair for the season, though cot
ton staples are only in moderate de-
mand. Dress goods are steady, and
better demand appears for low grade
over-coatings and satinets, but other
mems Woolens are quiet. A French
syndicate has bought heavily OF raw
silk, recent prices having been about
the lowest on record, and sudden ad-
vance OF 20 per cent. in French and
Italians and Is per cent. in Japanese
has followed. Coffee has also been
lower at 16A, but RECEIVERS with sales
for the week of 80, 900 bags. Progress
toward liquidation IN wheat has been
attended, as was inevitable. with de-
cline in prices. Sales in New York
have been only $500 600 bushels, and
the seat of the difficulty is at Chicago,
where favorable reports as to growing
winter wheat begin to be felt. Elk
ports from Atlantic ports for three
weeks have been 37l,59l bushels,
against l, 1875, 321 last year, and of -four
300, 092 barrels against 658, 259, and it is
noteworthy that corn exports have
been 8, los, 036 bushels against ], IA ,074
last year. On the whole, the tendency
of prices is still downward, the more
because money is in better demand
and there are some apprehensions of
pressure. Bankers generally look for
a further outgo of gold in January,
though annual disbursements are con-
fdentIy expected to stiffen the market
for securities, which has been irregular
for the past few days, without impor-
tant movement in either direction.
The business failures occurring
throughout the country during the
last seven days, as reported to K. q.
J Dun & Co., number for the United
States 293. and for Canada Is, or total
of 81 failures, as against total of 303
last week, and 305 the week previous to
the last. For the corresponding week
of last year the figures were 300, made
up of 261 failures in the United States,
and 90 in Canada.