davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
FINANCE And MINING
>sLead Makes Another Healthy
Advance.
THE ORE AND BULLION OUTPUT
Silver Steady-Ail the Various Mining Camps
Heard From-The Business Outlook
Never More Encouraging.

'sTnere never before was such a prosper
Gus outlook" said Superintendent Weber,
of 2. C. NJ. l., yesterday, when approached
<by HERALD representative as to the pres
ent state of trade and future prospects
''Our own trade is eway in advance OF
what it was a year ago, and it is steadily
improving. Just at present, remittances
from the country arc slow, and money may
be said to be tight, but the pressure will
soon be lifted, now that the wool money is
commencing to roll in, and / understand the
clip is big one and that good prices are
being received for it. Then, again, our
adyices from ali through the country are to
the effect that the crop prospects were
never better, which means that the farmers
will have cash to meet their obligations
when they become due. On the whole, L
think it safe to say that 1890 will go into
history as the NEST prosperous year, to
date, in the history OF our territory"
On the wool question, a gentleman Of ex-
penence said: Eyes, prices for wool are
high, that is comparatively. The facts
are. however, that OWING to the absence Of
the dust that we were compelled to con-
tend with a year ago, we are offering
much better article than we could possibly
y. do al that time. do not, however, expect
{ prices to go much higher than they are at
present; rather do ] look for a decline"
AS a HERALD reporter has heretofore
very aptly put it, the real estate market is
tired and wants a rest. Its slumbers have
not been disturbed to any great extent
during the week just closed, although some
transactions of note have taken place.
The men who have been buried from sight
\ in the huge excavations for the many build
ings in process of erection are now begin
ming to appear above the ground, and from
this time on, much greater progress in the
building line win be noticed. Several ex-
cavations for new buildings were com
menced last week.
Our stock exchange may now be consid-
erred as fully established, and its success is
Y undoubted.
Business during the week has been of the
usual tenor, and outside of few lines,
which are always slack at this season of
the year, we hear of no complaints. One
or two new business ventures have been
made since our last report in these columns.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
A FURNITURE HOUSE
To Carry a $3.50, 900 Stock. Gus
Holmes Erects the Building.
A NEW FIVE MILLION SYNDICATE
Being Organized to Buy Acreage and Inaugu
rate a Grand Scheme of Excur-
siOns to Utah.


Gus Holmes, the enterprising state road
boomer, is never idle He always keeps a
half dozen enterprises on his line and is
never happy without making big landing
every week. A few more men of his ilk
would line the state road with business
blocks and convert that avenue into re-
tail thoroughfare.
Yesterday Mr.. Holmes had an article of
agreement drawn up by which he bound
himself to erect three-story building on
the east side of the state road, a little north
OF the East Side hotel. The structure will
be 5Ox9O feet, with large freight elevator,
tire building can be used as a fur
niture depot the party agreeing
to carry stock of not less than Sl50000
and to make it the most complete in its line
of any in this city.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
Lead and Silver.

In New York, after an interval of about
a fortnight of dullness and inactivity, a
very active demand has sprung up, and the
eagerness of buyers clearly proves that
their supplies are getting very low. The
western refners are not at all anxious to
sell, in spite OF the higher prices obtain
able, and quotations have naturally i'm
proved accordingly.
In Chicago, the market has followed the
lead OF New York, but owing to light offer
ings by refiners the sales have been limited.
In St. Louis, lead is strong, with an ele-
waiting tendency, and offerings have been
scarce. Buyers show fair amount of de-
sire to procure the metal, and they find il
not an easy task to be supplied literally al
market rates.
Ain Salt Lake, the metal opened week
70 at S435: on Tuesday it advanced tC
E4.45, and it closed at $3.50 last evening.
Silver, steady, 81. o.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
A PROSPEROUS GROWTH.
The Salt Lake Abstract, Title Guaranty and
Trust Company.

Less than two years ago the firm of
Harvey, Neff q Co., opened general alb
stract, title guaranty and trust company in
this city, at 265 South Main street, They
were the first in the field, and the profuse.
ness with which their example has been
copied, shows how well they judged the
needs of the town. They had not been in
business long before the boom began, and
their business started to rise with the
swelling tide, and has kept on mounting
ever since. From employing two men at
the start, they Ohaye increased their
force to fifteen, which alone tells
something of the manner IN which their
business has progressed.
Not long ago Harvey, Neff 81 Co. incor-
porated under the name of the Salt Lake
Abstract, Title Guaranty and Trust Co.
with capital Of 100000. The president
of the company is Mr.. Joseph H. Smith, a
gentleman who was attracted towards
Utah Just in time to make profitable in
vestmenJ here. Mr.. Smith lives in Denver
and is one of Colorado's prominent politi-
cal men, having been recently reelected
county clerk and recorder of Arapahoe
county. Aside from his holdings in the
Salt Lake Abstract Title Guaranty and
Trust company, he is large property
owner In Salt Lake city. Hon. James l.
Neff, a wealthy citizen of Illinois is vice
president of the company, and a large
owner in it, having recently purchased a
quarter interest, paying three times its
original cost Mr.. Neff is prosi-
dent of branch of the Ill
Illinois Central railroad, and principal at
torney for that company. He is also lead
ing politician, and has started on his Sec
ond year as member of the Illinois state
board of equalization. He is heavy pro-
porty owner here and has full faith in the
future of Salt Lake and Utah.
The manager of the company is w. j.
Harvey, one of the original firm who in
augurated the business and started it out
on its successful growth.
Mr.. John w. Neff, brother of the vice
president, is, like Mr.. Harvey, resident
of Sal. Lake, and occupies the position OF
assistant manager and treasurer.
The firm expressed themselves yesterday
to HERALD representative as being full OF
confidence regarding the future of Salt
Lake city. They might be almost called
ultra in their views of our coming prosper
ity, but having grown up with other big
cities, and passed through several trade
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
A Big Syndicate.

l. f. Holmes, the great Garden City
boomer, was in consultation with num-
Der of local real estate owners at the
Walker house yesterday, with a view to
enlisting their CO. operation with a number
of eastern capitalists in gigantic scheme
OF tying up S5,000,00O worth of
acreage in this city and inaugurating
grand scheme of excursions to bring
buyers in during the fall months.
He sees a great snap in Salt Lake
property and that the time to secure op-
tions is during the hot months when the
market is quiet.
ran five big excursions to Ogden in 1888,
precipitatlng the boom of that year He is
recognized as one of the greatest excursion
agents in the United States, and the pres
ent prosperity of Cheyenne is largely due
to his fine manipulauons.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
Real Estate and Building Notes.

The opening of the Utah National bank,
Emporium corner, has been deferred till
Thursday next.
A Marysville, Montana. man writes to
Secretary Montgomery for the names of
good building contractors, and adds
What are the chances of real estate ad-
vance," There are no chances, but q
positive certainty replied the secretary
Secretary Montgomery, of the real estate
exchange, received letter yesterday from
a New England Yankee who wants to buy
tract of land and bring his family to the
city.
E. F. Jones & Co. and Beck, Stephan s
Co. had wants before the call board yester
day morning
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
THE COTTON CROP.
A Rise in Price, Owing to the Greatly In
creased Demand.

The rise in the price of cotton has already
shutting down, but the larger proportion
will continue operations because, forum
ately, they are stocked with an abundant
supply of the staple. sufficient to last them
until the new crop comes in, and lowers the
present inflated valuation. The rise in price
is due to the greatly increased demand for
cotton, and in spite of the unusually large
crop raised the past year, factory men are
confronted with the greatest consumption
of the staple they have ever known. Some
mill men are inclined 10 think that the de-
mand will continue to increase as the next
season begins, and that the consumptive
world next year will take S, 200, 600 bales of
the coming crop as readily as it has taken
100000 of last years crop. The southern
mill owners, at present, occupy singular
position. They could sell their supply of
cotton at from 50 to 81 per bale profit, and
yet were they to spin it and convert it into
cloth, at the present price of cloth, it is
doubtful if they could get out more than
even; thus it will be seen that most of the
mills are running solely for the benefit of
the operatives, and one OF three contingent
cies must occur: Either cotton goods must
advance, the staple decline in cost, or the
mills cease operations. In the state of
Georgia, where there are greater number
of mills than in any other Southern S ate,
the cotton factories will have to bear UP
beneath an extra yoke and burden, and at
the present price of cotton, there is scarcely
mill in that state that can more than de
fray running expenses and get out even.
This extra burden is the eleven-hour law,
passed by the last legislature of that state
In Alabama, Tennessee, North Carolina,
South Carolina, and doubtless other states
of the south, excepting Virginia, the opera
tives and employers are free to contract as
they choose about hours for work They
WORK their mills about twelve hours in each
state, and for this reason can make goods
cheaper than the Georgia mills. This un-
friendly legislation, together with the rise
in cotton, has placed foreboding shadow
over every mill in Georgia. AS it requires
about four months for the price of raw cot
ton to be reflected in the price of cloth, il
will not be long before the price of clott
will rise proportionate with cotton.
For bathing hats, caps and stockings, &C
to Noble, Wood & Co., 15S Main street.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
Buying Main Street Property.

j. a. Morlan is one of the squarest head
ed investors in this city. While he holds
valuable business and residence property
all over the city at the present time he is
more interested IN buying than selling.
He captured great bargain in 5xl0 on
South Main street between Sixth and Sew
enth South. He no sooner secured this
than he gave contract for three dwellings
costing $1,000 and had scarcely let the con-
tract until he had two of them rented at a
price that yields good interest on the In
VeStmenf
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

Choicest building lots on the market,
east side of Liberty park; $500 TO 81 900.
Lots near corner 9th West and 9TH
South; 1915 to S525.
Lots near corner 9th West and 9th
South; $500 to $500. Flowing wells may be
had on any of the above lots.
First class business, prospective bust
ness and acreage properties.
Office: 62 5. Main street
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
Foreign Bank Statements.

The governors of the bank of England at
their weekly meeting on Thursday made no
change in its rate for discount,
and it remained at per cent.
During the week the bank gained e1700OO
bullion, but the proportion of its reserve to
its liabilities was reduced from 43. 60 to Al so
per cent, against an advance from 40.U to
q. Go per cent.in the same week of last year,
when its rate for discount was 20 per cent.
The bank, on the 18th instant, lost e259,
600 bullion on balance. The weekly state
ment Of the bank of France shows losses of
10000 francs gold and 1,075,000 francs
silver
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Utah Gem.

Mackintosh's Siskiyou contributed on
carload.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Alice.
The Ontario.

The Alice dividend of ca cents per share
amounting to Sc, 900, is payable July 1st.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
METEOROLOGICAL LOCAL RECORD.
SALT LAKE CITY, Utah, June 81, 1890.
(Signal Service. U. S. AZ

Max. temp. $50; mn. temp, 500.
Mean temp, 62.0; for u years. 700; deficiency
Deficiency of temp. since January /, 1890, 81.
Deficiency of temp. since June |, 1890, 36.
Rainfall, 0.00 inches; mean daily, IL years,
COS inches; deficiency. DOS inches
Deficiency of rainfall since January l. 1890
2.53 inches.
Deficiency of rainfall since June /, 1890 O2c
inches.
p. II. FITZMAURICE,
Sergeant Signal Corps.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
BOSSES BUSINESS,
The Democrat Shows Up Some Rather
Astonishing Figures.

The business transactions of the two
national banks of Boise, as shown by their
books from May 14th to June 14th, 1890
foot up daily S62, 900, average. Remember
that this is S1,612,000 per month, and
S19,344,0O0 per year. This represents the
movements of investors, builders, traders
miners, farmers, stockmen, officials, etc.
all of whom centre their business transac
tions in Boise city.
The annual transactions of public and
private concerns, outside of the banks. are
conservatively estimated as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
in American Fork District.

News from the American Fork district
mas been scarce, and there will be nothing
done until the wagon road from the mines
is again in good condition. 1t is now
thought that the road will be passahle for
keams about july lst.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

Business men and all residents of Salt
Lake city who have made any changes in
firm name, location or residence since our
canvas was made are requested to COM
municate the same either by mail or in per-
son at our Office No Is w. Second South
street. r. l.. Polk & Co.,
City Directory Publishers.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

our informant described has not been well
prospected, owing to the difficulty of
reaching it. Some rich discoveries will, no
doubt, be made in that locality some day.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Parsons.

Two hundred and fifty tons came from
the Horn Silver
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

No reason has yet been assigned for lay
ing off hundred men; rumor, however,
has it that it is in consequence of striking a
big body of low grade ore, which will not
paw to work.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

A lot of Third Term ore assayed "a lead
and 10 silver.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Ballion-Be
The Rnreka. HILL

There was the usual output.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

There were no delinqueuts on the late
assessment. A lot of concentrates was
shipped during the week.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Climax
The Third Term.

Twenty five tons of second class or
came from the Climax
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
At the Banks.

The ore and bullion receipts by the vari-
Gus banks in this city for the week end
ing yesterday, were 1854, 1880, as compared
with SOS. 1859 for the week previous.
They were reported as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
Twenty tons of 75-ounce ore,
The Honorine.

One carload of galena, showing 35 lead
and IA silver, came from the Honorine
The same mine also shipped forty tons of
high grade concentrates.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

James Chapman expected to commence
work on this property about the Goth of
this month.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
TAGGART & CHAMBERLAIN
CITY DIRECTORY.

Have the largest and best selected stock of
pianos and organs in Utah. Prices low.
Call and see US 1894 Main street.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

For bathing hats, caps and stockings, &c
to Noble, Wood & Co., 15S Main street. u
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
LADIES ATTENTION,

Have your silk and alpaca listers made
by Alfred H. Cohn, the ladies' tailor, 6S E.
Second South.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The MayfioWer,

The Woodside was represented by a ship
ment of concentrates.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Alliance

A lot of rich concentrates came from the
Mayflower.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
H. BAMBERGER-REAL ESTATE.

Under McCornick's bank. Long resi-
dence in Salt Lake. A number of desirable
properties for sale. See mine.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
HAMPTON. JONES q CO, REAL ESTATE

Quaker rolled oats make toothsome and
delicious breakfast dish.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Woodside.

One or two lots of concentrates came
from the Crescent.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Horn Silver.

The Toledo sent in shipment of so ounc,
ore
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

Capital employed in private business en-
terprises within the city is Sl,173.0 600.
These are simply the foundation stones
of great city, and the beginnings of a
metropolitan commentators Democrat.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
SPECIAL SALE.

Families, you must see the wine vaults
at 2l3 Main, for pure California wines.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

Tic UdIy.
Dividend day is on the Both.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

Noble, Wood & Co., sole agents for YOU
man and Knox New York hats, 15S Nam
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
Vtha RrooElvr

The usual shipments came in.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Salt Lake Clearing House.

The clearings yesterday were S2O4, sol,
cash balances, Sl02, III, and the weeks
clearings, Sl,331 939. ~
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Treasure Consolidatea.

Forty tons of Parsons ore went % silver
and 81 gold.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Siskiyo.

The South Galena is a regular shipper.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

Light flannel suitings for the seashore
Geo. w. Engelhardt, 10Y Second. South.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Centennial Eureka

Mammoth stock is attracting no little
attention
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

Drs. Whitney and Bucher's dental par
lors, next to Cullen hotel.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

New ready made tea-gowus at the
Western Shoe and Dry Goods Co.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
EYE AND EAR.

Ruching and ruf1fes in great variety Al
the w. 81 d. G. Co.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

NOVELTIES in summer neckwear.
BAsT-TERRY MER. Co.,
142 Main street.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Northern spy.
The Caroline.

Two lots of Spy ore showed 50 silver and
s. gold to the ton.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

At the Office of Mr.. Hanauer, the week
was reported as very good one.
The Cottonwoods, which have been her
metically sealed for months past, have
opened up sufficiently to admit of one
shipment, and just as soon as the tramway
is in operation, which will be within
short time now, more frequent and heavier
shipments may be reasonably expected.
Bingham was steady, as usual.
Stockton INDUCED in considerable of
squirt.
Frisco was represented as of yore.
Ophir sent in one or two shipments.
Tintic doomed, as is now her won't.
Park city's big mines were all heard
from
There were several large shipments from
Nevada, notably the Diamond group, which
is in the hands of Salt Lake capitalists.
The Alice.
The Alice dividend of ca cents per share,
amounting to Sc, 900. is payable July 1st.
The Ontario.
The regular dividend is due on the 30th
The DAILY.
Dividend day is on the Both.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Utah Queen.

One carload of 3OO-ounce ore came from
the Gem.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
night gowns.
skirts.

The nobbiest and best straw hats at
Noble. Wood & Co., 15S Main street.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

The regular dividend is due on the 8Oth
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

We will close out at actual cost our en-
tire stock of the following lines;
Ladies' muslin chemise.
q drawers.
'' night gowns.
81 skirts.
All Of the above goods are Of the best
material and workmanship. Ladies' gauzs
underwear at less than cost. 20 doze1
ladies' ribbed vests at 20c-, worth 300
Our entire stock of ladies' and childrens
hosiery at a reduction of 20 per cent. Sail
ROW on.
SIMON Bros,
81 w. First South st.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22

The Caroline is filling a lot.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
The Buckeyl

Two hundred and fifty tons came from
the Brooklyn.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-22
NEWS FROM THE MINES.

Total shipments for the week sls4,sl5 90