Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-10-30
WEEKLY sTOCK CIRCULAR.
From the 4" Weekly Stock Circular" OF the As.
Y ISOLATED Brokerhl =

w SAN Francisco, Oct. %, 1860.
The condition Of the money market has
undergone no material change since u
last reference. There is, if anything, a
slight increase in the demand for certain
purposes, bur the general inactivity Of
trade occasions a light business require.
ment. Rates of interest are ruling at l@
II per cent. per month in bank, and at ID
@2 per cent. for outside negotiations.
The Stock Market has been character
lied by considerable activity this week,
and with scarce an exception nearly all
shares have shown some improvement.
The short interest continues TO attract the
attention of some dealers, and sellers OPP
ton contracts are still made with freedom.
1t is, however, proper to state that there
are those who feel no apprehension as to
the future productiyeness of certain prom
inent mines, ard who think it is not rea-
sonable to conclude that they will sud-
denly become valueless, or even approach
the condition predicted by a certain class
of croakers.
Alpha is inactive, but well controlled,
and Is feet were sold. declining from
Sl,l00 to l,0l0, rallying to 1855, and
at about 1916 bid. Arrangements
are at once to be made for the thorough
development Of the lower level Of this mine
through the shaft of the Imperial Com
pany, from which portion ores are now
being hoisted.
Gould s Curry rose from $1,000 to
1850, declined to l,0l5, and closed at
1850 asked. There Is no material change
in any portion Of this claim.
yellow Jacket has been very actively
dealt in, and nearly 200 feet has changed
hands, advancing from S725 to 1000. de-
to $50, rallying to $50, buyer 80,
then selling at Sl0@745, and closing at
765. During the week ending October
10th, Al tons frst-class> and 1905 tons
second-class ores were extracted from the
mine. During the same period $50 tons
second-class ores were reduced, $685.
S03 ~, or an average Of $50 IS per ton
In running north from the $50 feet and
$50 feet levels, considerable bodies Of good
ore have been reached, and in drifting
north from the air shaft, sunk 25 feet be-
low the $50 feet level, after passing
through a broken mass Of ore, porphyry
and clay, good ore has been found again,
and promises to hold out well. The south
drift, east stratum, lower level shows a
face Of quartz.
Savage is in rather less favor, and some
40 feet were sold, advancing. from 5000 to
1000, receding to S95, then selling at S25,
buyer 80, and closing yesterday at 500.
The Minnesota Mill, recently bought at
a cost of S40,0 900. is now running for the
and crushing some 80 tons Of
ore per day. An assessment of 800 per
share was levied on the Path instant. A
number of extraordinary expenses have
been incurred during the present quarter,
amounting in the aggregate to 100000,
for the new shaft and other improvements,
have aided is swelling the liabilities
Of the company. The mine is now yield
ing about 40 tons of ore per day, worth
at the mills some $40 per ton. The east
drift, on the vein in the lower level, still
in good ore.
Crown Point has been in less request,
and small sales were made, advancing to
5000, dropping to $40, rallying TO $50,
and closing at 765. In addition to the
Island and Crown Point mills, the
Atlas Mill has been employed, and is now
crushing for the company.
Belcher was in much better favor early
in the week. advancing from $500 to $40,
receding since then to $50, and closing at
$50. Some seams Of good ore are now
being worked in the 800 feet level, which
may lead to something better.
Ophir has been active, and nearly 100
feet has been sold, advancing from 1915
to 43O, steadily declining to 1856, and SELL
ing yesterday at 3s5.
Hale s Norcross rose from 1925 to
367 so, dropped to $40, and sold at the
at 1926. Cross-cutting has COM
from the north drift on the 700
feet level, and some promising looking
quartz and much water has been met with
thus far. In raising up" from that
level, q connection will soon be made with
the south WINE. sunk from the 535 feet
Chollar has been active, and more than
200 feet were sold. advancing from 1870
TO $50, receding to 800, and selling yes
terday at S00@395.
Potosi rose from $3.50 to 40, receded
to 500, and closes at about 1862, within
range ITO feet changed hands.
Drifting continues north of the Potosi
shaft, above the level Of the Potosi tunnel,
disclosing about so feet Of good ore thus
far. From the slopes in the Bajazet
ground, about the usual quantity Of ore
now taken. 1t is proposed to open a
new level, eighty feet in length. at this
point, in order to work up from beneath.
The new developments in the north end
of the slopes, in the FIFTH station, is turn,
ing out some twenty tons OF ore per day.
This body has been traced 20 feet above
the 4th station of the Chollar mine. and
bids fair to prove Of some value. From
the old air shaft they have run W drifts,
and southeast, and present ex-
plorations disclose q body Of low grade
ores, 80 feet wide, 80 feet long, and 10
feet high. equal to 5000 tons.
Imperial rose from $l75 to 205, reced.
ed to 1921, rallied to 100, buyer 80, then
sold at 1893, and closed yesterday at 1869
ly4, at which rates more than 1000 shares
have been sold. It is said. upon reliable
authority, that this mine 10 looking fully
as well as ever, and that the yield this
month will show a considerable increase
over the past two months. A large re-
serve OF ore is being accumulated TO pro-
vide for the contingencies Of Winter.
Receipts of bullion during the month Of
October, including balance carried over.
will probably amount to $1,000 o leaving
at least $500 for the next dividend,
after meeting current and extraordinary
expenses.
Empire Mill and Mining Company rose
from $50 to 10. and closed at l75.
Overmsn advanced from $95 to 1924,
fell to 1924, then sold at 81, and closed
yesterday at 80.
Bullion fell to S62, rose to s23. then
sold at 72i cash, and II buyer 80, closing
yesterday at 20.
The total recorded sales of Stock, since
Saturday last. amounted to S92l.2ol.
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