The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-01-21
Heavy Drop in the Price of
Silver.
SHIPMENTS LAST WEEK.
THE HORN SILVER MAKING A coon
RECORD.
News Received from the Gold Camps
Is Most Encouraging-The Sales in
Camp Floyd District-Rich Gold
Find Near Brigham City-NOtes.

ing ClTcleS, WIN Sllu greater uOWu-
ward movement The atmosphere has
taken on a decided blue tinge and this
color was greatly intensified yester-
day by the receipt of the news of the
fall in the price in silver, which was
quoted in London at Sd and in New
York at 81 cents, with no future. This
lis the lowest notch the white metal
has ever reached except on two days
in June last and the day of the re-
peal of the Sherman purchasing act.
On all of these occasions, however,
the metal rallied and the price became
sitter but at this particular time there
seem to be no mediate prospects for
change for the better. Fortunately
but few of the Utah operators were
caught in the slump with any great
amount of bullion on their hands, the
custom being to unload as fast as pos
sible and take chances on the rise or
fall in the market.
Lead is still down to $50, and in
consequence a large number of proper
ties, which might be worked were
that metal at ITSELF are closed down
and the shipments of ore and bullion
from the territory are falling off great
ly.
During the past week none of the
camps have sent out their usual
amounts of ore and bullion, the ship
ments from Bingham having decreased
to an alarmingly small amount. Eu-
reka has number of heavy shippers,
the Bullion-Beck, Centennial-Eureka
Mammoth, Swansea and South Swan
sea. At Park City the only shippers
are the Ontario, DAILY, Crescent, Silver
King and Anchor. The Horn Silver
is making a remarkable record and is
sending UP the regular quantities of
ore regardless of the price of the met
ais. The new concentration will be
started up shortly after the first of the
coming month.
News from the gold camps is of an
extremely encouraging nature. The
sales of some of the biggest properties
in the Camp Floyd district and the
other negotiations which are now on
have given a great impetus to business
in that district and attracted much
attention to this territory through the
news being sent TO the eastern jour
nails. There is much inquiry for gold
properties and the local operators are
overwhelmed with letters and orders.
! The general run of mining stocks
are extremely quiet and but few trans
fers are being made
The total ore and bullion shipments
for the week ending last night shows
a slight increase over that for the
week previous and aggregated in value
S151,79S The summary for the week
is as follows:
WELLS, FARGO & CO.
Monday, Pennsylvania bullion IS 1921
Tuesday, Pennsylvani bullion. 3,11S
Tuesday, Ontario bullion -. 1908
Thursday, Pennsylvania bullion. 2,71;
Friday, Pennsylvania bullion -. 2,63l
Saturday, Pennsylvania bullion. 2,77z
Total -......-c Sac, 24S
MCCORMICK & co.
Monday, Hanauer bullion ...s $500
Monday. silver and lead ores 6,70t
Tuesday, ores observation-disclosures. 16,D0C
"Wednesday, gold bars .. 4O0C
Wednesday, sulphides .. II, 50(
Thursday, Hanauer bullion -. 3,7OC
Thursday, silver and lead ores. 240(
| Friday, ores Observation-Disclosures. 1861
Saturday, silver and lead ores :. $500
Total .......,...i,sJs..... $50 65(
t. R. JONES & co.
Monday, base bullion 9. 1O(
Monday, silver and lead ores -. 2.5O(
Tuesday, silver and lead ores :. 300
1oeouay, pullioH ..,-..-..-..-.... 2,JU,
Wednesday, ores ............... 500
Wednesday, bullion ............ 500
thursday. ores Observation-Disclosures. $500
Thursday. bullion -............. 2,S0t
FRIDAY, silver and lead ores -. $500
FRIDAY, bullion .,................ $500
Iotal .-......--........... $45, 90
Wells Fargo & Co .S45. pa
MCCORMICK d Co. ................ $685.
t. R. Jones & Co. ....... $50,
Total for week ........... $151, 79