Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-12-13
BUSINESS AND HINES.
Honey B Clm1s Plentiful 10 ihl
LOlnilg Market.
ABSTRACT COMPANY MANAGER.
Natystalc Niars. - MidWu.rr igir
Committee. - various Business
tud Mining il,ms.



reasonable rates u interest. Tho fact
b. that there IS tendency thc other
way. ln the East 10 is the pIv,h0ric
condition 90 thu money market that
j. now cause OF uutasingsH. The
recent action Of Chicago backs 10
reducing Tue rate u Interest Ou lc.
I rHsiis indicates this strongly. la
/ Naw i0Ia there 10 an agitation among
baukuu CO. reduce Interest on deposits
from . 10 q per cont, because Of the
l1ssus they age sustaining on general
Interest accounts. The supply Of
money rfussing upon the Nrw York
loan mlfkoJ b. reported as ,au .argJst
ever known, while the demand iUf ac.
commodatlou, backed byggoI sgcurliy,
30 g mIasa,ivoly small. The occasion
ior THE 30 the email amount Of business
/ pcirg trans cited aud the gloomy out.
| i1ak 90 industrial circles.
The "p.ulhofic condition" OF the
| money iunrEct has not reached tine
/ Wet Yet, though cash Do gg avail.
/ able us IL was in tle open.
lug Of tho summer before tho
I financial crash came. Said PRONE
iuuut Salt Lake banker tUlny,
"iheto n more money to loan today
than IL wanted by men having gOOl
collateral. Loans can 10 mllr o.
responsible parties Tor 10 aud j. per
cent without difficulty, anu enough
borrowers cannot be found al that
rate. The trouble 10 thai there seems
60 be- nothing la which man dare
embark nj the present timc. The MGR.
! cauuli business n At low oUb; Iu
| TACT, there b nothing made iu 10 Uuw.
| There are lew manufacturing iuslitu-
lions doing anything, anu the
people age not producing that
/ which will command ths each.
| The fact 10 there ~ now NO
opportunity Tor thu money 10 20! out
10 tue muses.. Fer tue winter we
thali have ~ he economical and hope
foe better conditions next season. II
lsn't secretly Of money that Il trout.
ling us now, but scarcity II business"
TIM ABSTRACT cOMpANY
The retirement Of Guy Recorder.
elect G.. II. Backmhn from the
management VI the 5ecufliF Abstract
company Will not leave vacancy Tor
long, NJ his successor has been selected
already. Mr.. Backman has made a
very cfticieut manager, aud advance
% his higher hOnoTs with good
record. lilo will b. succeeded Ia the
austract oOmrnuy's management by j.
NJ. Jensen, who, before his recent long
aud sofluus Illness, held the position,
aud most capably and satisfactorily
I.siH ". d
assume the management ON Monday
next.
AT MAigYsvALE.
Oscar Vaudorcook reports work a.
steadily progressing on his mining
properties HJ MaTysvalr. The tunnsl
IL now la $50 feet, aud Will bs push o..
tiil the boIy OF ore 10 reduced. when
the railway gets 10 the vicinity Of
Mafysvale II 10 expected there will DO
a mining boom IN that region, but not
before,
THE COMMITTEE.
The time NJ tue meeting Of The Mid.
winter Fair executive committee last |
evening was taken uD Ia the cOusidera. |
ton OF Mr. Lannan's telegram, the puf-
port OF which was given ia the NEWs |
veying the Information TO Mr.. Lsnnan |
that the choir would be willing ~ 10 to |
the Fair II suitable arrangements A to |
rates could be made.
The committee will hold another
session this evening.
NOTES.
w. 4. Amont, OF Denver, and Al,
PillaTcd, VI Paris, France, who have
been Of Laramie discussing with tue
board OF trade the proposition OF eslab-
fishing glaiswofks therv, have returned
to Salt Lake.
Saratoga (Wyomingl Sun: j. A.
Walden, who mas been siuking well
at Col. Bob pilson's store residence, on
tue east side, struck hot water yestef.
day mOruiug At depth OF eighty.slx
feet, and tho colonel feels very lubi.
liant over the result. This strike Ia
flowing well aud as II now hows from
tho surface Is still quite warm after
passing through two veins OF cold
water. The hot water vein will be
cased and the cold water shut out.
Beaver UtontaM There IL some talk
among those Wuo know whereof they
speak, Of starting the wooden mile
next spring, THIS news will be- hailed
with delight by many. The interests
Of this institution will soon DO talked
over with tho people anu then the
will act JeHse lye, with
olhers, has discovered fine ledge OF
llthogTaphiug stone 10 Iron
county, Slabs NJ this stone Of almost
any dimensions can DO obtained. This
h valuable hud aud Ous meaning
thousands Of dollafs n worked right.
An alum mine hBs been discovered
in Palmyra and Indian Springs dis.
.rict. Lyon county, Nevada. The
nfuts says samples which have been
lnAlyEed contain ~ per cent Of alum OF
.ne following competition: AlumlnR,
l9 10; soda, u 80; sulphur ncid, 1885;
water, 80. Tue claim has not been
20 any great extent, hut the
Indications are that there Is big de.
losit Of the material, IL lies wlthin
Id miles Of the q. q g. railroad anu
IAN To put on the market az feaso nRble
,ates, IL has been decided 10 obtain u
tuantity ufthe alum Tor an exhibit at
H. MidWintor Fair In san Francisco.
The Denver branch mint for the flrst
en- DAYS oil the present month shows |
he IafErst gain iu the history NJ tho |
n,titutilu, at tire when placer ,
Mining IL LARGELY suspended by reason /
n the weather, says the Denver Noi0s. !
gor tho hTst ten days u December,