Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-03-14
WEEKLY STOCK CIRCULAR.
From the Weekly Stock Circular" of the Az.
sociated Brokers

The demand for regular business purposes
is very small, and the speculative demand
exhibits no unusual feature. Mining
share collaterals are in rather more favor
in bank circles, but cash requirements, re-
sulting from operations in these securities,
seem to exert slight influence, at present,
upon the general market. The rate of
discount IN Bank is l4@lt per cent. per
month.
Receipts of treasure during the past
week amounted to about 100000. The
market is well supplied with bullion, and
fair demand has prevailed for shipment
to Oriental ports. Gold bars are ruling
at SoO@S60, and silver in round lots at 2
per cent. discount, to p per cent. pre-
MUM.
The stock market has attracted more at
tention than at any time since the opening
of the year, and very large transactions
took place in nearly all shares at enhanced
rates. The present excitement upon the
Stock Exchange and the extraordinary
advance IN few leading claims have been
occasioned by the very favorable develop
ments made in these mines recently, and
to large Eastern orders. This latter in
terest has become quite feature in the
market, and heavy business may be an
ticipated for Wall street account the ensu-
ing Spring and Summer. The discourage
ing views entertained by some a short
time since, as to the waning productive
ness of the Comstock lode, were not, it
would now seem. based upon sound
premises, if its present appearance in GER
tain localities affords any evidence of in
trinsic value or future permanency.
Legal Tender Notes rose from 5O4 to
$50, and closed at 81 bid, 544 asked.
More than 100000 were sold. Latest
telegra2hic advices from the East quote
gold at about 1874.
Yellow Jacket has maintained its supre-
macy, rapidly advancing from $1,000 Tex
dividend to $1,000, receding to $4,000,
and closing at S2,350-7l feet were dealt
in. An average of 800 tons of ore are now
daily hoisted to the surface from this mine.
about Is tons of which pay some S300per
ton and the balance about $50. The pay
vein is at present $50 feet in length, at
depth of $40 feet, and the portion pros
pected some 80 feet in width. Recent de-
velopments in the $50 feet level are said
to be even more promising than anything
vet found above. Receipts of bullion
from this claim, for the first week Of
March. amounted to $4,000, and for the
entire month will probably reach S3OO,O0O.
Gould s. Curry is also in better favor,
and advanced from Sl,720 lex dividend)
TO Sl.9l0. closing yesterday afternoon at
1880. Within this range AZ feet were
sold. most of which was bought for New
York account. There is no material change
to note in this mine. The Company have
a handsome reserve of ore on hand, and
about the usual quantity is being reduced.
The mill is working admirably, and is now
thought to be as perfect an establishment
of the kind, in all respects, as can be
found on the coast.
Savage has been actively dealt in at an
important advance over rates ruling last
week, and 90 feet were sold, rising from
Sl.5lO, Tex dividend) to $3.50 per foot,
closing at Sl,S05. In what is known as
the North Potosi chamber body Of rich
ore 20 feet long and wide and so feet in
depth has been disclosed. One-third Of
this ore is said to be frst-claSs, and will
be sacked for shipment to Europe. and the
remainder, worth some $500 per ton, is
being sent to the Central Mill. Other
portions of the mine are also Welding well,
from which the ore is averaging about $50
per ton.
Belcher has likewise been in decided
favor, advancing from $3.50. ex-divi-
dend, Sl,6OO@l, 625, at which latter rates
small sales were made. From this mine |
1886 tons of ore were crushed in De- |
cember, averaging $50 per ton, l,S49 tons |
in January. averaging 1913, and some
l,400 tons in February, which yielded an
average of S6S. In all, for the past three
months, 4,7s3 tons produced about $780,
000-an average of some 500 per ton.
The prospects of the company were never
more hattering
Crown Point rose from $1,000 to ST.
$50, and closed at $3.50 bid, Sl,4O0
asked; 80 feet have changed hands. The
vein at the 230 feet level has been traced
length of 220 feet, and is thoxght &c con-
tain good ore throughout the entire dis
lance.
Potosi is in better request, and So feet
were sold, rising from $40 to $3.50 per
foot. and closing at 1885. Receipts of
bullion from this claim for the month OF
February, amounted to Sl6S,000. Some
2,400 tons of ore are now on hand at the
different mills and on the dump at the
mine. The company are sinking 500 feet
south of the main shaft to depth of 4S4
feet, and propose 10 run north and COM
municate with drift at that level, run
ming south from the shaft.
Chollar been an exception to the ad-
vance in nearly all other stocks, and 1913
feet sold at rates fuctuating between $640
6550, and closing at $3.50. The ores
taken from the upper slopes in the fourth
level of the South mine, have not yielded
we'll recently. When the lode is reached
at greater depth by means of drift
from the main shaft, it is believed that
more renunerative ore will be found.
The suit Of this Company against the Po-
tosi, to determine whether the former de-
cision of the Supreme Court of Nevada is
bar to any future litigation, will be heard
on the 25th inst.
Ophir is in better favor. and advanced
from $3.50 to $3.50, closing yesterday at
S44O. In all 6S feet were sold. We
learn of no new developments. The
pump in the central shaft has not yet re-
duced the water below one hundred feet,
at about which depth it has remained for
months past. An accident this week to
the engine has caused temporary sus-
mansion Of work in the Mexican shaft
The suit of the Burning Moscow against
the Ophir is expected to be tried in a few
days. Hale s Norcross rose from S24O
to $3.50, receded to $340, and closed at
$3.50.
Uncle Sam was very actively dealt in,
and l9l shares changed hands within a
range of $33o@42o per share. closing at
1870.
Imperial rose from Sl52 to $3.50 per
J. oal anlA vasBar1aC