Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-06-27
MINING AND REALTY.
The Downward Rollins oil Silver and
Lead.
REAL ESTATE MEN AT sALrAIR.
The Carload Of Ore from The Grizzly.
--Orc Buying Stoppcd'-Notcs
Of Mining and Reilly.

lie Carload of Ore from The GriL1ly.
Ore Buyipg sioppcd,-NoIcs
Of Mining anu Reilly.
Mining men particularly were re.
signed today when the nuwa came that
silver had dropped to 70 cents per
ounce, and lead was only calling fjr
s3.i1 per cwt. Silver haf pnsiei all
previous records, and lend Is lower
than ut any timo einco 1873. Tao feel.
ing Of depression a. business quarters
increiscd with the fall In price oftheto
metals, and tho outlook fof tbs next
few weeks IL far from rensturing.
This smultcfs are not buying any
great amount q ore at preseni owing
to the prevailing trend Of prices. This
cessation Of purchasing is the probable
cause Of a Tumor that was current TO.
day, 70 the tilcc, that tho fmtllcfs had
decided 10 close down. Ino truth Of
tho rumor was denied 10y the smol.er
managers, who say that their WORKS
will continue Ia operation as long as
they can 80! ore at current prices.
They have enough on hand TO run
Thirty days at least, anu will keep
right on.
BJRRowiNo, NOT DuYiNo.
Real estate business Ia 80
low that It can 20 no farther and
remain In sight. The inquiry for
property has practically ceased, and II
| the brokers had 10 rely on what they
/ got out Of Transfers, they u0on would
reach the standard OF vrgfAnts. A.
It IL they add 10 their eXcheuugr by
| negotiating l0aus, whenever thoy eau
find capitalists who are willing TO
| lend. cit Ia wonderful how many
/ people want 10 borrow now" said u
real estate man today, "even consider
Ing the close times. Applications Tor
loans are almost legion, but only
a moderate number can be supplied,
aud then often ut rates OF interest that
would make the people stare II they
knew the figure. Everybody seems
to be borrowing anu morigaging, but
nobody Ia buying property now"
REDUCING EXpENsEs.
Several leading mercantile aud In.
dustrlAl establishments In theclty have
found II necessary 10 materially REFUGE
operating expenses. All extra hands
have been laid oil, and In some instanc-
a. tho force Of regular hands has been
cut down. In some eHtat ishrlerts n
reduction OF wAges has been effected,
with the explanation and understand.
ing that the old rate will bs restored IA
soon M the volume OF trade increases
sufficiently TO Justify II. In Others this
Tcttenchniont policy has been put into
effect by lrssening the hours Of labor
instead OF laying on regular employees.
AT sALTAIK-
The real estate men are holding q
great meeting today, but not
10 the usual quarters Of
tho ordinary style. They ar,
rustling at this prince OF bathing
resorts, Saltair Beach, and intently
watching or taking part In youthful
sports aud games. A big crowd o
people went out this morning, ant
this afternoon host followed 10 en-
gage In the pleasures Of the occasion
THE GmzzLY SHIPMENT.
The carload Of ore that IN being
brought Ia by the Grizzly company
from ~ mines Ia the Ruby Hill dis
tfict, Nevada. and IN 10 arrive tn,
latter part Of the week, II not from th'
rich body that was recently struck. 4
will be- n part Of 100 tons OF low grade
ore now ON the dump. Though classel
~ low grade, II will iun from 100 L
100 ounces per ton.
IN BEAVER HEAD DISTRICT.
Montpelier, Idaho, Post; Mr.
CRvanRugh, mining man from III,
Beaver Hesd district, Cache county
Utah, arrived In the city Monday, ant
reports everything favorable In tina
part Of the county. Mr.. Cavannugl
Gays that Sam Staples anu Thoma'
HGT, Of this place are busilY engaged
doing their assessment work ON tn,
vErilus claims owned by them In thii
new and promising district. Messra
Staples and Hart are both mining
men Of a lifelong experience, and th'
fact that they have sci their stakes IL
this camp In evidence that the country
Ia n good one. Messrs. StRples
Lewis and J. II. O'C0nnOr
own n claim known us Ia,
"Mathew LOden which Mr.. Cavan
augh says In the most promising pros
pect IN the camp, and will undoubted
iy make a great mine in tho near
future. The Champion, owned by Mr.
Hart and others, Ia also n promising
claims aud shows plenty Of good lea,
anu silver ore from the surface. 70
the Information Of our readers VIII
may not bs acquainted with this new
camp, we will slate II Is located abOu
ten miles from Garden city, Utah, Rnj
forty.hye miles by good road from
Montpelier. jos Fuller, j. II. O'Con
nor aud others are contemplating
visit to the camp nj An early day.
, Ar BALD MOUNTAIN.
SHERIDAN, Wye, June 24.-Th
Coloralo and Wyoming Mining an,
Milling company composed Of Denve
capitalists and Sheridan claim owner
ma purchased BusyTus amalgamato
and will operate IL nj their Bald MouI
tain mines this summer. This wi
make the third Rmglgamator at tina
camp.
r COPPER PLANT DEED.
lust before the closing OF the count
= feoordei'i 0fllGe last evening there wa
: ! gt.t the trangfer from Mr. pettit I