Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-03-24
THE EVENING NEWS.
Weekly Mining Stock Circular.
BY ASSOCIATED BROKERS OF THE SAN FRAN
CISCO STOCK AND EXCHANGE BOARD.

|
CISCO STOCK AND EXCHANGE BOARD.
SAN FRANcIsco, Saturday, March 10.
We regret to perceive BY publications in
our daily newspapers, as we'll as by private
letters from the East, that the mining inter-
ests of this country seem likely to be much
retarded and injured by the overwrousht
representations Of parties who have sought
Eastern markets for the disposal of claims
that are here deemed of no merit whatever.
We cannot but feel deep surprise at the ready
credulity of persons residing in those locali-
ties where every species of trickcry and de-
ception is constantly resorted to, and who
must of necessity be quite familiar with the
arts of unscrupulous Adventures. Wewould
say to our friends at the East, touch nothing
that is offered to you, no matter what the
representations of interested parties may be,
without first obtaining full and confidential
advice from responsible parties on this side.
4 claim called the Gem Gold and Silver
Nine" purporting to be portion of the
" celebrated ComStock lode" and containing
200 feet, has been recently offered in the
New York market, and one-half Of it sold,
as we are advised, for the sum of $4,000 in
"Creenbacks." We deem it Our duty to
state that the ground embraced in this mine,
which purports TO be 4 segregation OF the
Sacramento and Meredith Company. on
Cedar Hill, in the Virginia Mining District,
Nevada Territory, has no value in this mar
ket. The extremely speculative condition OF
Eastern markets at the present time offers
inducements which the owners Of wild cat"
mines will be very likely to embrace, and the
public therefore will do well to be on their
guard.
Transactions in the Share Market during
the week have been restricted for the most
part to speculative stocks, some Of which de-
clincd and others advanced. Most leading
stocks are well maintained, and are appa-
rently unaffected by the fluctuations of the
general market. The recorded sales amount
in the aggregate to $636,94S 80.
Gould and Curry has been sold at 81, ,72O,
buyer 80, and S4,62O and S4,62j regular way.
The new additions toethis company's mill are
approaching completion, and it is thought
that within sixty days the receipts of bullion
will be largely augmented.
Ophir is in favor and some twenty feet were
sold at 81 $50 to $3.50 and 81 ,GT5 buyers
option. IL what is to be the seventh gallery
OF this mine, at 4 depth Of some 70 feet below
their deepest works, fine deposit of ore was
found recently. The affairs of the company
are said to be in 4 promising condition. 4
number o: substantial improvements are now
under way.
Savage was offered at 81 400 early in the
week, but the past few days has been dealt in
at $3.50 and s., ,52j. Judge North decided
to deny the application Of the North Potosi
for dissolution Of the injunction granted to
the Savage Company. ltis said that this case
will come up on its merits before a jury about
the 26th inst.
Potosi is in better request and 5000 was bid
at the close, seller 80. This company have
about 500 tons Of good ore on hand, most Of
which is at the surface, and preparations are
being made 70 hoist $50 tons daily. The
mine is said to be looking well.
Yellow Jacket advanced from 81 OPS to
81. 100 buyer 80, closing at 81, $50 bid 81, ,leJ
asked-l2 feet changing hands.
Crown Point is held at 81 900, $500 being
freely bid.
Best and Belcher is in some favor at S72;
bid, $3.50 asked.
Sides is in less request without buyers a,
$500. The deposit of ore found lately i:
thought to indicate the close proximity Of q
larger body Of pay metal.
Segregated Crown Point is in demand al
$500, buyers option.
Uncle Sam is inactive at about $500
Splendid ore has been found this week at a
distance of 400 feet from the main shaft.
Throughout this entire length the ledge has
now being thoroughly traced.
Chollar has been moderately dealt in, de-
clining from 1922 to S29j. "a feet We're sold.
It is stated that another assessment will be
required to liquidate the Indebtedness Of the
company.
Nevada (J. g. was active at variable rates,
opening at $227t, advancing to $40 buyer
80, declining to $205 sellers option, then raj.
lying to S2l5, and closing at about $500
lS5 feet changing hands.
Baltic rose from Sl30 to $50, and closed
at $40 bid. Developments made the past
few days are said to be Of a very promising
character.
= Daney has met with material decline,
having steadily fallen from Sl60 0l67 to
500. Some 2lj feet were sold within this
range. Advices from the mine state that
water has become troublesome lately, and
that some time will be required to drain the
main shaft by means Of a DRIFT connecting
with the pumping apparatus in the new
works. At the close Sl20 was bid, buyer
30 days.
North American has been depressed the
past day or two, declining from sos to SS5,
recovering to $50, and closing at about 500
i ,0O2 shares changing hands. 1t is stated
that an assessment OF $40 per foot is to be
levied on Monday next for the payment Of
accruing Indebtedness. 1t is also said that
the suit Of this company VS.. the Uncle Sam
has been postponed until the November term
of Court. =.
Pride Of the West is inactive, but well
maintained at about SS6. The vein in the
lower drift is said to be looking better, the
pay seam being 4t feet wide, containing good
ore. The lead in the middle drift is also i'm
proving and now presents more solid and
permanent appearance.
North Potosi declined from SlO2 to $50,
advanced to S4T, fell to S42, and closed at
about S42 - 709 shares changing hands.
Judge North's decision enjoins this company
from working the Savage claim north Of drift
"I," and permits them to extend their
tunnel to the south line of the Gould l. Curry
works.
Lady Bryan has been very largely dealt in
and has been subjected to characteristic
fluctuations, declining from S53 to $40, ad-
rancing to $40 so, buyer 80 days; and selling
to-day at from $40 to 500, and closing at
-