Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-11-22
WEEKLY sToCK CIRCULAR.
From the weekly Stock Circular, Of the As.
sncintnd Rrokera

-
From the weekly Stock Circular Of the As.
sociated BrokerS,l
San FRANcIsco, NNE IS, 1855.
The demand for money continues ac-
tive, and has been growing rather than
diminishing for some time past. Heavy
offerings have been in the market this
week based upon mining and other stock
collaterals /; and the requirements of the
mercantile classes are still upon an ex-
tended scale. Funds on deposit have also
been drawn down to a lower point than
usual. Good business paper, however,
meets with ready takers, and there is
capital enough at hand for all the desira-
BILE securities offering. But money-lenders
are exercising great prudence, and con-
tinue to call in loans where change OF col
~laterals is deemed advantageous, in view
Of contingencies that may possibly arise.
The bank rate Of discount rules at l3@l4
IT, cent. per month, but chiefly at the
latter figure, with q full line. Upon the
street, borrowers are paying l1@21 R
cent. per month, according to security or
amount wanted, or the necessities of the
case. Receipts OF Treasure from the
mining districts. during the week, exceed
ed 5000, 900, making an aggregate Of some
81. 100, 900 since the LIST inst.
The mining share market continues ex-
ceedingly depressed, and a further decline
has been established in nearly every stock
on the list. Little or no sustaining power
is visible in any quarter, and confidence
has for the moment been 50 efectually
shaken that few buyers are found cour-
ageous enough TO enter the market again
for a rise. So far as it is possible to OBJ
tain trustworthy information respecting
the present condition Of the future pros
pect Of a number of claims, it would seem
that prices could not 60 much lower, and
yet the acknowledged merit Of some mines
exerts but q slight influence upon their
market value. In other words, all dealers
appear so panic-stricken, and the demon
alization is so complete, that no regard is
paid to the intrinsic value Of any stock.
Gould s Curry, in view Of the decline
in all shares, has been tolerably we'll
maintained, and ten feet were sold within
a range of Sl,075@900, seller 80, closing
at about 900 bid. The seam Of quartz cut
oy the tunnel on the second station (625
Feet from the surface), near the west wall,
assayed some $50 IF ton. and is regarded
as a favorable indication. The body of
quartz found in the south drift, and allud-
ed TO last week BY US, contained only
traces of pay metal.
Alpha has been more active, and 20 feet
were sold, declining from $500 to 500,
and then selling at $50. There is no ma
,erial change to note in the condition Of
this mine, but arrangements will soon be
made to more thoroughly test the value Of
the lower level.
Yellow Jacket has been very largely
dealt in, and l05 feet were sold, declining
from 1915 TO 500, rallying to 525, and
changing hands yesterday at 545@555.
The entire Indebtedness Of the company
on the 3lst of October amounted to $780,
677. IS. Their immediate liabilities are
Sl3s,677 6S. and Sl62, 900 will mature in
April and July, 1866. The receipts Of
bullion last month amounted to Sl44,6 500.
and the actual net profit (after O disburse-
ment of $780, 900 for what are termed ex-
tr~aordinary expenses,) was less than
$4,000. An assessment of 800 per foot
was levied on the 18th instant.
Savage steadily declined from $3.50 to
SIS, then sold at 6S6@60o, and was dealt
in yesterday at $50. Some 60 feet in all
changed hands. Work upon the shaft has
continued TO interfere with active opera
tons, bu. the necessary repairs are TO be
completed to-day, and hosting will at
once be resumed upon a more extended
scale than formerly. A large quantity OF
ore has been disclosed recently.
Crown Point fell from 1926 to $40, and
closed at $50, within which range small
sales were made.
Belcher steadily declined from $3.50 to
2s5. seller 80, rallied to 800, and closed at
290 asked.
Ophir receded from 1892 cash. and 400,
buyer 80, to $40, then sold at 325@S30,
and was held yesterday at $50. The re-
ceipts of bullion this month will probably
exceed $4,000. chiefly the product Of the
5th and 9th stations OF the south mine.
Ore has been ~accumulating recently at
both mills, and it is estimated that there
are now 400 tons of ore, and 1900 tons
tailings on hand at the old Reduction
Works, which establishment has been
treating an average Of over 20 tons per
day since the Sd instant.
Chollar-P otosi rose from 1910 to 800,
steadily receded to $50, sold on Thursday
at $50, and closed yesterday at 255, at
which rates nearly 200 feet in oil were
sold. The Grass Root station is said to
show considerable improvement lately,
from which portion of the mine about 80
tons of ore are now daily taken, yielding
S3763S 3H ton. In the Bajazette ground
the old slopes are well timbered up, and
the drift, north is said to continue in
splendid ore, disclosing a deposit of Is to
80 feet in width. In tho south end OF the
4s5 feet level, operations are still suspend
ed, by reason Of the influx of water. All
the waste in the old workings Of the Grass
Valley station, it is thought, will do to
extract pay ore. There is NJ change to
note in the Sd and 4th levels of the Chol-
lar. The new shaft is now down 495
feet. During the week ending November
10th, 475 O n Of ore were sent to custom
mills, and 524 tons were sold at IS ~
Imperial has been more active than
usual, and nearly 1880 shares changed
hands, declining fiom $l56 to l27 5Or
seller 80. rally TO lao, receding to lS2.
selling on Thursday at lS6@l37 so, and
closing Yesterday at lac. There is said TO
be no material change in the appearance
of any portion of this claim.
Hale s. Norcross steadily declined from
S2lo TO l45, and sold yesterday at l5o@
lao.
Empire Mill and Mining Company rose
to Sl7O, and fell to $50, and then sold at
l52 so per share. >,
Overman fell from S83 to so, and closed
a, abou, "a per share. An assessment OF
s25 per share was levied on the 18th inst.
Confidence declined from SIT to so per
share, and closes at about IS asked.
North Beach and Mission Railroad was
dealt in at S4s@47 per share; Fireman's
Fund Insurance at $3.50 per share, and
Legal Tender Notes at 6S3@6S3c.
The total recorded sales Of Stocks, since
Saturday last. amounted to S7l5,524.
~ D- W. ,,oxo ebou,p fhe