The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-03-04
FINANCE AND MINING.
In Business HauntS for the
Week Past.
ORE AND BULLION OUTPUT.
News From Many Mines-The Coal
FieIds-A Government Building
Business Prospects.
Re AND BULLION OUTPUT.

ness, which is usually slow and uncer
taiu during the two months following
the holiday boom. Replies to iEqui-
ries made of come of the larger dealers
yesterday, revealed the fact that the
spring trade was crowding in upon
them. "Of course" said one, 1--WE
naturally expect that it should. Repre-.
sentatives of our various departments
have been on the road for q couple of
weeks past, and the orders sent in by
them assume the most satisfactory
proportions"
/ LAS compared with year ago."
"Well, an increase, and very no
ticeable one, in nearly all our lines
Remittances are fair, and 1 expect the
coming season to be the most prosper
Gus for many years past"
LAS to the present real estate boom
do you think it has had any good
effect upon business?'
Most assuredly, and for this
reason. People who have for
many years past found them
selves financially embarrassed, have
sold their property for much more
! tnan they had any idea it was worth
have removed q short distance away
! from their old location, and bought a
cheaper place. With the surplus money,
thus earned, they have been enabled to
settle many little outstanding accounts,
while not much in themselves, in the
aggregate amount to great deal. There
| is, as your are aware, too, much better
fee ling among all classes OF society in ell
our cities and towns than was year
ago; everyone looks tor good times
this coming spring and summer, and
all seen to be pulling to that end. One
mans efforts amount to but little, but
when a community bands itself to-
gether to accomplish certain object, it
is pretty sure to succeed"
The pleasant weather of yesterday
had an inspiriting effect upon the retail
trade, and the smaller sbopkeepers re
ported "a good Saturday"
AS to the need of a government build
ing in this city, the replies received
from the various United States officials
concerning the rent paid, the danger
| from fire, and the uncertainties of the
| lease system, leave no room for doubt.
! The Chamber of Commerce will receive
the hearty support of our Delegate in
| Congress, and If they will only push
matters with q reasonable degree OF
force and speed. it is not improbable
that Congress will open its heart and
send little of that surplus in this
] =, how. r
elegant sites to be had. Congress owes
it to the thrifty residents of Utah that
such building should be erected here,
and without DELAY.
The bill now pending in the Legisla-
ture, providing for the establishment
of an agricultural college and ex-
pertinent station in Utah should receive
the most hearty support Of every mem
Der of both houses. The Legislature
will be blind 20 the interests of the Ter
ritory deed, if it fail to make proper
provision for the use of toe Congress
s. nal appropriation for such purposes.
The southern counties, 1t IS under
stood, will bid hard for its location.
Silver took an upward jump during
the week, reaching its highest notch
vet attained since it commenced the
rise few months ago. & week ago il
closed at $5.05; yesterday 5.17M was the
| figure. 1t is, perhaps, needless TO say
that mine owners, especially in the
lead districts, are not wearing mourn
ing as result.
sLo l.. nj ,
thing of the past. There were rumor;
during the week of immense blocks Of
Utah Central changing hands, but they
could not be traced to any definite
source.
Since THE HERALD first published the
item referring to a strike OF anthracite
coal near Sunnyside, on the D. d r. @
W., numerous other strikes have beer
reported, but not many of than come
we'll authenticated. Lately, Manti pm
in bid for g boom by reporting tn
discovery of 4 fine vein of hard Goa
within seven miles of that town. Nov
it is said that the romantic spot know
as Castle Gate. on the D. 81 r. q. w.
bids fair to bud into blooming metrop
oils, because of the discovery near ther
| by u. y RlQSOuJ, OF an eXcellent quar-
ity of coking coal It is said to resembl
in appearance the best qualities of Eng
fish coking coal. So far, the tests mad
have been highly satisfactory, the COX
obtained being excellent. But, as tn
methods employed were very crude
the company which has since beel
formed to work the property, lnten'
erecting coking ovens, and submit tn
coal to a thorough and practical test
The gentlemen comprising the com
pany have the most sanguine hope O
success.
The best vein is less than mile from
the track, and there are said TO be in
dications of a find even nearer than that
1t is thought satisfactory rate can b
obtained from the railway company
Thus another Utah industry, which vii
give employment to many and keeI
much money at home that is now bein
sent abroad, is coming to the front.
Both legitimate trade and speculation
continue duller than is usual at thi
season, says the recent circular issue,
nv R G.. Dun q Co. though moderat