Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-10-02
WEEKLY STOCK CIRCULAR.
From the Weekly Stock Circular" Of the As
/ ISOLATED Brokers.l

1 IUlu NuO NNVVhay ohONA
ISOLATED Brokers.l
SAN Francisco, Sept. 80, 1855.
The competition among money lenders,
growing out of the accumulation OF capt.
tai, has induced the leading banking in
stitution of this city to announce that the
rate of discount hereafter, on frst-class
business paper or satisfactory ,collaterals,
will be n per cent. per month. Ihis
decline in the rates of interest has been
anticipated for some time past, and will
exert q stimulating influence upon many
interests in this city and throughout the
interior. 1t is not only an evidence of the
faith capitalists have in the p~ermanency
and safety of all our interests, but shows
that there is abundance of means at hand
for the prosecution Of every legitimate en-
terprise, and may be accepted as a sure
harbinger of our future prosperity.
Receipts of treasure from domestic
sources, since the date of GU last refer
ence, exceeded $40 o 900, making an
aggregate of some 100000 during the
current month.
A good demand for bullion is likely to
prevail in a day or two, but the rate mas
thus far shown little or no variation from
last week, and sales Of gold bars were
made yesterday at S50@S6O for average
grades. Silver bars may be quoted at
par to ] If cent. premium for round lots.
Legal Tender Notes have been steadily
maintained within a range of 73B@74tc,
closing at 1889 bid. Our latest telegraphlc
advices from New York. quote gold at
about LA.
A much better feeling has prevailed in
the Share Market this week, and nearly
all prominent stocks are actively dealt in,
Recent developments in portions OF the
Comstock lode are regarded with much
favor, and the fears entertained by some
as to its poverty OF a certain depth, seem
to have given place to rather different
| views, and there are those who now think
that a degree of wealth will soon be dis
| closed not calculated upon at any former
period. With regard to the condition and
future prospects of a claim largely dealt in
last week, and which is still an object OF
interest to many dealers, it is stated that
influential parties have been enlisted to
give m undue coloring to reports from the
mine, and some stockholders who have
acted upon information received through
these channels, now find that they were
misled and have been induced to part with
their stock OF q sacrifice. On the other
hand, it is asserted that there are good
reasons for the panic Of last week, and
that the recent advance would not have
taken place but for the favorable disclos-
ures made within the past few days. The
monster shaft to be sunk to a depth of
1900 feet by the Alpha, Imperial, Empire
and Bacon Companies, will involve an ex-
penditure of $4,000 per month, by each
company, to be completed within twelve
months, at an aggregate cost OF about
$4,000.
Alpha is in better favor, and sales were
made ut S2,250, closing at 2,250 asked.
This company has been re~incorporated
into 500 shares, of 500 each-20 shares
per foot of 27St feet. AdviCeS from the
mine continue favorable, and in running
fifty feet south from the incline, at a depth
of about $50 feet, q body Of fine ore, 25
feet in width, has been disclosed. Receipts
of bullion this month will, it is said, eX-
coed $780, 900, and the only liabilities Of
the company now existing are the month
ly installments due for the recent purchase
Of their mill, upon which $4,000 has
already been paid.
Yellow Jacket has fluctuated but little,
and IA feet were dealt in, within the
range of Sl,4l0@l,34 During the week
ending September 18th, 1907 tons Of ore
were extracted from the mine, and l,l4l
tons were reduced, yielding an aggregate
of S37,l2 70, or an average of 1872 So
per ton. Sinking has begun upon the pay
| strata, from the 800 feet level, and a mass
of good ore has been met with thus far.
The east body also looks we'll at a depth Of
$40 feet. The Morgan Mill is said to be
in fine condition, and running up to its
full capacity.
Savage was sold to the extent of thirty
feet, at 81, 2OO@l,225, closing at l,24O
asked. The lower drift running cast con-
tinues in good ore, and the west body
| above ID said to hold out well.
Gould & Curry fell from $3.50 to ST.
200, rose to 1895, then sold at l,276, and
closes at 1850 asked. The product Of
| this mine is fully up to the average of the
past few months, and receipts of bullion
for September will amount to about $780,
900.
Crown Point is less active, and small
sales were made at $l,l70@l,l 100, closing
at l,l30. A large body of water in the
300-feet level interferes, temporarily, with
the progress of the drift at this depth.
Belcher has been steady, at SS90@S76.
Hale & Norcross has attracted consid-
cradle attention, and 260 feet changed
hands, opening at $500, advancing to
$50, dropping to ego, rising to $50, and
closing yesterday at 750. In sinking from
the 635 feet level, at q depth of nearly 65
feet, good ore has been met with since
Sunday last, and the present character of
this deposit would seem to warrant It's
continuance at q still greater depth. In
drifting south and west from the incline,
at q depth of 700 feet, q deposit Of pay ore
has also been found this week, and it is
supposed that this body is a portion Of
the same just found above.
Ophir has been active, and nearly 200
feet were sold, declining from $435 to $40,
and changing hands yesterday at S34O@
800, s. 80. W. are informed that q final
settlement has been made with the Burn
ing Moscow company, but the details are
withheld at present. 1t is believed, how
ever, that about two-thirds of the stock OF
the latter has been sold to the Ophir Com
pany. In this case the Moscow Company
will probably cease to exist, being disin-
corporated or merged into the Ophir.
Chollar is in better request and large
sales were made, steadily advancing from
1920 to 1876, dropping to 455, rallying to
500, and selling yesterday at 6l2t@5CO.
At these rates 347 feet changed hands.
Potosi has shared in this improvement,
advancing from $4O5 to AGO, then selling
at 400 and closing at 4721. Between the
Sd and 4th galleries of this mine a con-
siderable body of ore has been found re-