Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-06-19
WEEKLY STOCK CIRCULAR.
From the Weekly Stock Circular" OF the AS
ISOLATED BrokerAl
pn,pc,sco June IL, 1865.

[ The money m2IkeL 10 ooSS
changed. with, however, tendency 10 lower
ra,os of interest. Capital is thought to De
more abundant than for some time past, ana
during the last thirty days transfers from
abroad have added at least S6OO,OOOt to our
available means.
Rsce;nts of treasure from the interior since
SATURDAY. last amounted to 81, 3OO, OO0, max
ing an aggregate Of S2,SOO,OOO during s sae
current month. Gold bars are selling al ooo
(dS4O, and silver is quotable at u cent
premium TO cent. discount
Legal Tender Notes have been IN less re-
Quest this week, declining from 76s to TT,
and closing at 73a bid, 73t asked. SuoscriP-
tons to the seyen-thirty loan, under the
auspices of Wells, Fargo & Co., have ao-
sor6ed some $3.50, 900 since the 18th Of May.
Latest telesraphic adyices from the East
quoted gold at about 1881.
A much better feeling has pervaded the
share market this week, and nearly all prom
| inent stocks were actively dealt in at en-
HANGED rates. A few low-priced shares have
| also been buoyant at higher prices. An I'M
preston seems to prevail among some deal
ers that a turning point has been reached,
and that the market will continue to improve.
| The fears entertained short time since re-
speeding most Of the Comstock claims have
| given place to different views, and it is be-
| lieved BY many that recent developments IN
| Gold Hill have not only set at rest these aP-
prehensiunS, but have disclosed certain
degree Of wealth not calculated upon at any
former period. 4 number of dealers, who
are usually well informed, maintain that the
present condition Of some of these mines
never was so promising, and that current
quotations at the Board do not fairly repre-
sent their real value. They contend that the
apparent deterioration of a portion of the
Comstock lode should not unfavorably infiu-
ence claims known to possess intrinsic merit,
and giving every appearance Of future per-
manency. But the losses sustained few
weeks since, by nearly all classes, should
not be lost sight Of or forgotten, however
causeless may have been the panic which
Immediately followed, and which in some
degree still exerts demoralizing influence
over the whole market. 4 restoration Of
confidence must and will ensue if the better
class of mines are enabled to pay regular
dividends to stockholders, and an honest and
economical administration of their affairs is
adhered to.
Gould & Curry opened on Saturday last at
81, SIS, seller 80, rose to / $50, receded to
| 1925, rallied again to $50, and closed at
1880 bid. The resignation Of Superintend-
ent Bonner takes effect on the LIST July, and
his successor, Mr.. Janin, will then take
charge Of the company's affairs in Nevada,
whose compensation is not to exceed $4,000
per annum. There has been no change in
the Presidency OF the Company since Janu-
| ary last. About one hundred tons Of ore per
| day are still hoisted to the surface, and re-
! serve of some 2 800 tons are on hand at the
dump pile and in the ore house. The frac-
ture Of cylinder at the reduction works sus.
pended operations for ten days this month,
but the mill is now successfully at work
again. The drift from the Bonner shaft has
been driven l20 feet to the west, at the end
OF which cross-drifts, running north and
south, are to be started.
Yellow Jacket is in some favor, steadily
advancing from 81 300 to 1870, seller 80, and
l,450 cash, then selling at 1910, and closing
at about 1920. Within this range 80 feel
sold. The new shaft has attained depth oil
| l25 feet, aud the present working shaft is
being sunk from the $50 feet station, for the
purpose Of developing new level at depth
! Of +30 feet. Arrangements have been made
| with number OF mills to crush ores for this
company at Sl7 so per ton "a reduction Of
SOY, and the product Of the mine has ex-
ceeded LOCO tons this week. Important ad-
ditions are being made to the Morgan mill,
| and its reduction is to be increased to 100
tons per DAY.
Savage has not fuctuated materially, and
1870 feet were dealt in, dropping from 81, l75
| to LIPS, advancing to 1910, declining to
LAO, advancing to 1920, and selling yester-
| day at l,2I5(9l $50. The average yield Of all
the second-elass ores crushed last month was
80 IS, and the first-class produced about 100
per ton.
The "horse" in the Potosi chimney has
n sh.R spB arnoIh h0nT
in the southeast corner. In raising smart
in this horse, however, to connect with the
second station above, a strata Of ore eight feet
wide has been disclosed. Between the third
and fourth stations the ore has deteriUrated
in quality, and 10 now fair second class min
eral, but this body yet extends distance OF
% feet in height. The new northwest body
in the fourth level, near the Gould & Curry
line, discloses good second-class ore, and is
now the most promising deposit in this mine,
some 20 feet square and so feet in height.
The fifth level is to be opened as soon as
practicable. The prospecting shaft sunk
| from the fourth level short time since, met
with good ore, but nothing was ascertained
as to the real character Of the lode at this
depth. go,
Alpha has been in decided request, and 1872
feet were sold, rapidly advancing from $50
10 l,OUO, anu ClOolhS yesterday ~ tJHiO' ~
is said that in drifting north from the shaft,
at depth of SIS feet, a large body Of fine ore
| has been met with, but owing to the peculiar
reticence Of parties in charge Of the mine,
we have no authentic advices as to the real
character of recent developments. 1t is also
stated that the sudden rise is purely specula-
tive movement based upon the strategic
combinations Of "bull" clique, and that the
actual condition Of the mine does not warrant
present prices.
Belcher fell from $3.50 to $40, rose to S25,
receded to $40, rallied to 800, and sold yes
terday at 765(6725. Within this range los
feet have changed hands. There is nothing
new to note in the appearance Of this claim.
| Crown Point rose from S775 to 800, drop
ped to S25, and closed at 7S5. Small sales
were made. In-the western portion Of the
100 feet level small body Of rich ore, assay
ing SO 500 per ton, is now disclosed, and in
sinking a shaft from the 260 feet level, good
quartz, carrying pay mineral, is also met
with. At the annual meeting Of the stock
holders, held last week, the old trustees and
| officers Of the company were unanimously
chosen to serve another year.
! Ophir rose from $475 to 500, fell to 475,
and sold yesterday at 495. The suit Of the
Burning Moscow VS.. this company has been
set for Monday next, before his Honor Judge
| Burbank.
Hale & Norcross rose from $3.50 to $50,
and is now held at 564.
Empire Mill and Mining Company has
been dealt in at 4409450 per share.
Chollar declined from $500 to go, advanced
| 10 400, and closed at 800. Potosi steadily
rose from S295 to 1876, and sold yesterday at
3S0(6390. In all, 40S feet were sold. From
the upper slopes Of the latter mine some 700
tons Of second-class ore have been taken out
recently, portion Of which has been sold at
! $40 per ton. Between the fourth and fifth
levels Of the south Chollar mine some 20 tons
of fair ore are extracted daily, from a body
about 10 feet in depth and 20 feet wide; and
from the Potosi mine, near the shaft, about
| 20 tons OF ore per day worth some $40 per
toni are taken. The Chollar drift from the
fifth level Of the Potosi is now in the east
wall Of the ledge, and the new shaft is down
about 43 feet.
Imperial has been prominent feature Of
the market, and 2,55l shares changed hands,
advancing from Sl67, seller 80, to $3.50 cash,
| receding to 1921, seller 80, rising 70 go,
dropping to 235, then rallying to 255, and
closing yesterday at 22592l0. The gross re.
ceipts Of this company during the month OF
Nav were S54,674 50, and the balance
brought forward from April amounted to
s., Isl A. The general expenses were S4O,-
$40 "a. The Rhode Island mill was paid
81. 93S a; 81 1877 Is were disbursed for legal
EXPENSES, and the Gold Hill Drainage Com
pany was paid So, 1888 80; leaving cash bal
ance ON hand, June lst, Of S4,38l 20. The
-.-..,I. ro;lIs Yadnced 2 423 tons of ore,