Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-06-05

From the weekly Stock Circular" Of tho As
ISOLATED Brokers.

San Francisco, June 8, 1865.
The loan demand for money has not i'm
proved, but large sums on deposit are being
used for various purposes. Rates Of interest
remain unchanged, ruling steadily at l4 o.
cent. IT, month, in Banks, and at 2(93 It
cent. in the open market. 1t has been EVIL
dent, for sometime past, that capital avail.
able for loans, in the ordinary course oil
business, exceeds the requirement, and the
recent withdrawal of at least one million
dollars loaned upon mining share collaterals'
adds to the plethora in Bank. Its, however,
more than probable that large amount oil
capital hitherto employed for stock purposes
will flow into the same channel again as
soon as the affairs Of certain leading COM
panies have assumed such shape and con
sistency as are adapted to inspire little
more confidence.
Receipts OF treasure from the interior,
from Saturday last to the Both ultlmo'
amounted to $3.50, 900; making an aggregate
| Of $4,950,00O for the month Of May, as
against S4,750, 900 in the same period OF last
year. During the past month, the Branch
Mint, in this city, has taken $2,2OO,OOO for
| coinage.
Bullion was in fair request yesterday, for
shipment, and gold bars ranged at S3O(ao4o,
Silver is ruling at ] If cent. premium to =
IT, cent. discount, the former for selected
bars.
Legal Tender Notes have been very mac
tive this week, and in rather less favor, re-
ceding from 7Stc to 774c, and closing at 77s
bid, III asked. The U. S. Quartermaster Of
this Department, has disbursed some g.
500, 700 since the Goth ult. or this sum,
about $400, 900 has been absorbed in sub
scriptions to the 7-30 Government loan, dur
ing the past week.
The Mining share Market has been dull,
and transactions at the Board show lighter
business than for a month past. An advance,
however, has been established in certain
stocks and, in others, more steadiness may
be noted, with less disposition to realize upon
the part OF some holders. The late decline,
it is now conceded, arose from the diminished
pIoductiveness of nearly every claim upon
the Comstock during the month Of April, and
since then, together with the unfavorable
financial condition of several Companies upon
the payment Of their last dividends. II these
dividends had not been declared when it was
found that the ore was yielding badly, and
actual earnings did not justify them, and the
funds used for that purpose had been applied
to the extinguishment OF real indebtedness,
the public would now feel less skeptical as to
the alleged improvement in the character OF
the ore being sent to a number OF mills, and
would also have more faith in the future man
agement Of certain companies.
Gould & Curry has met with trifing sales
this week, at 81 500, closing at 81, 525 bid,
81, $50 asked. A dividend Of $50 per foot
will be declared for the month Of May. No
outside mills have been employed recently,
and the Company's mill alone has reduced
about 5000 tons Of ore and tailings during
the past 80 days. Since January last
that establishment has successfully treated
some $4,000 tons Of ore and tailings, at an
average cost Of Sl2 so per ton. This ex.,
pense included hauling from the mine, and
all other OUTLAWS incident to the reduction oil
the ore.
Yellow Jacket opened at $l,3lO, declined
to 81 ,240, rallied to 81 800 on Wednesday,
and sold yesterday at Sl,35O9 ,4OO-in all,
81 feet changed hands. The product Of this
claim, for the month Of April, amounted to
1918 tons, and yielded to the Company less
than $50, 900 net. During the past week the
middle body Of ore, in the lower level, has
shown some improvement, and 225 tons are
now being taken mainly from this portion oil
the mine, averaging some $40 per ton. More
care has been taken in the selection OF ore
recently, and better net yield 10 anticipated.
The Indebtedness OF this Company has been
materially reduced since the 10Th ult.
Savage is in less favor, and declined from
81, 240 to $l,l40, selling yesterday at 100
Within this range 80 feet were dealt in
From the upper levels this mine is now yield
ing an average of lis tons of ore per day,
averaging about 1886 per ton. The receipts
of bullion, for the past month, amounted to
about S75, 900 less than in the preceding 80
DAYS, but the Indebtedness OF the company is
being curtailed, and explorations continue al
a depth Of 80 feet from the lower level, WITH
it is said. Aattering indications.
Belcher fell from 81 OPS TO $50, rallied to
925 bid, and closed last evening at $3.50. A
| dividend Of Sl7 per share, or S5l per foot, Is
payable, to-day, out Of the earnings Of the
past month, and it is said that small sur
plus has been left in the treasury OF the COM
pany.
Crown Point dropped from $3.50 to $50
rallied to 740, and is now held at $50; small
| sales were made at these rates. The CON-
pany are giving steady employment to two
mills, and are regularly in the receipt Of bull
lion. Some 900 feet Of prospecting drifts
have been driven during the past month.
Alpha was sold, to the extent Of 10 feet, al
500, and is now offered at $50. We have nc
later advices from this claim.
Ophir has attracted less attention, and II
feet were sold, declining from $500 to $40
and closing at S475. The work Of develop
ment continues with yigor, and bodies OF ore
found recently, may, it is thought, lead to
| something still more encouraging. The
company are out Of debt, and have a small
surplus on hand.
Hale & Norcross advanced from $4l5 tc
| $50, declined to 400, rallied to 430, and close.
| at 1926 asked. The incline has attained q
perpendicular depth Of 700 feet from the sur
face, and drifting has begun towards the
lode. S675 per foot have thus far beer
levied upon this stock.
Empire Mill and Mining Company has mel
with no sale this week.
Potosi receded from $3.50 to $50, rallied tc
2l0, and sold yesterday at from 2O5. to POP
Within this range 238 feet were dealt ir
Chollar declined from $50 to l60, advanced
to 2l5 on Wednesday, and closed at abou
2l5 bid. Some 81 feet, in all, changed hands
The Joint product Of these two claims doet
not exceed 40 tons per day, and, SO far al
we are informed, no new developments have
| been made recently.
Minerva has met with decided decline
| owing to the decision Of the jury, in the sui
Of the Bullion VS.. this Company, adverse Il
tne ldICeIJ anu lcl tEOHn WV " AZ iSlly ms
however, yesterday, to 40.
Imperial has been very largely dealt in,
and 2,066 shares changed hands, recedinG
from Sl65 per share to l20, advancing II
| l42, and selling yesterday at l45@l39. Re
cent advices, as to the appearance Of thu
drifts in the 522 feet level, are said to b
favorable, but a late crushing, at one OF thu
company's mills, resulted in some disappoint
ment, owing, it is stated, to an imPerfec
treatment Of the ore.
Uncle Sam declined from $l45 to IS, raj
lied to los, and sold yesterday at l2O:
Bullion rose from $40 to $50, fell to l2O
rallied at 40 and closed at l35.
Burning Moscow declined from S43 to 50
and closed at about 10.
Sierra Nevada was sold At Sl44.
Daney at $40.
Wide West at %. 49,.
The recorded sales Of stock, since Saturday
last, amounted, in the aggregate, to $641 ,Zof
FLuNKEY1sN.-AN New York paper very
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