The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-06-23
FINANCE And MINING.
Lead Takes Another Lively Up
ward Shoot.
REvELING IN A SUGAR FAMINE
Encouraging News From the Carbon Mining
District-0re and Bullion Output
News From Many Mines.

The sugar famine predicted in these
columns two weeks ago is here, and there
has been some lively rustling among deal
ers during the week in order to obtain
enough to satisfy the demands of their
retail trade. In many cases, merchants
are limiting their customers TO 50 cents
worth each, while nearly all refuse to go
beyond the dollar limit. The result is,
considerable strategy on the part of the
housewife who is laying in her stock Of
preserves for use during the coming win
ter IN some cases under the writers
notice, the entire family has been dis
patched to different stores, in order to OBJ
tain the necessary. To the query put one
Main street merchant yesterday, ''How's
the sugar market!' the reply came back
Don't mention it; we've got none.
have been around this morning trying to
borrow or buy enough to tide me over to
day, IS | expect shipment on Monday,
but have met with very poor success. To
tell you the truth, l would rather have
sugar than money this morning, and I dare
say that many other dealers are in the
same fix. When do we look for bigger
supply Ask the wind. 1t knows as much
about it as we dO' What is sugar worth
to-day, them" tits quoted at S1O25, but
it is worth all you can get for it." East
ern advices are to the effect that the stocks
in the United States and Cuba are down to
100000 tons, against 2SO,OOO year ago, and
326. 900 two years ago, while the stock OF
raw material in the four ports Of the
closely approaching 100000 tons, as com
pared with that of last year, and estimated
at l53,OOO, is decidedly less than one-half
that in 1886, when the total quantity held
was 325, 600 tons. In the principal depots
of the continent, France, Germany, Aus
tria, Holland and Belgium, also, important
1eficits are shown, the entire stock at com
mand there barely equaling 100000 tons
against 596, 900 tons in 1856.
Outside of the famine. there is but little
of excitement in business circles. There
has been a steady and even trade in nearly
every line, and the volume of business
transacted by our merchants yesterday
was somewhat in advance of that Of the
same day of the previous week.
A friend of the writer's was recently in
this city, looking for a location. He had
made a tour of the coast, and had almost
made up his mind to settle in Seattle, when
the fire broke out, and drove him away.
Reaching Salt Lake, he determined to To-
cate here, providing he could buy into an
already established business. He ranged
the city over for a week, and finally came
with the following story: Il have been
unable to find anybody who wants to sell.
and IN this Salt Lake differs from any city
on the coast. In all the other places have
visited, I had plenty of chances to buy into
established houses, but if I 90 into bust
ness here, it must be on my own hook
This, of itself, is sufficient guarantee
to me that your business men have faith in
the future, and are content to await the
time when their hopes will be realized"
The railway news given by THE HERALD
during the week, has caused no end of sat
isfactiOn, and even the scribes of suburban
towns have been compelled to admit, re
,uGtantly, of course, that The HERALD's
pointers, heretofore published, came from
an authoritative source.
The new Commercial National of Salt
Lake is now running in the usual course at
No. II Z. First South. Their business an
nouncement appears in The HERALDs
columns to-day.