Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-02-14

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Francisco Stock Market for the week end
ing Saturday, February 18th:
| The money market is substantially un-
changed and former rates prevail lA@2
per cent. per month upon unexceptional
security. There is no lack of capital for
legitimate business purposes and the tend
ency is to still greater accumulation of
unemployed means. Loans upon good
mining stocks continue to be made at
lowest bank rates without any difficulty,
II the margin from current market value
be made satisfactory. .r..s.-
The share market has been ratf er more
active than for some time past, and some
leading mining stocks have advanced ma
terially. Recent developments in num-
Der of claims upon the Comstock lode, are
thought to be Of very fattering charac-
ter, which has not been without its intiu-
ence upon their current value.
| Legal Tender Notes have been inactive
this week, owing to the absence of tele-
graphic communication with the East.
Some 100000 were sold within a range
of Acc, seller 80, and sole cash, closing at
SOC bid, sole asked.
Savage has been very steady, with little
or no variation in price, IS feet were sold
at from $3.50 to 1856, ex-dividend of
S75 per foot, closing at $l,565 bid,
$l,575 asked. Drifting continues from
the prospecting shaft sunk from the lower
level, and the indications would seem to
lead to the conclusion that a very large
body of ore will be found at this depth.
Gould & Curry opened at $3.50, was
sold at $l,4So, ex-diyidend at $50 per
foot paid on the 9th, then rose to $3.50,
buyer 80, and $l,525 cash, and closed
yesterday at about $,l,565. The recent
cave in this mine is said to have done no
material damage. Receipts of bullion
continue fully up to the average of the
past few months. a.. ..
Yellow Jacket has been conspicuous
feature of the market and has attracted
considerable attention-ll2 feet were dealt
in, steadily advancing from $1,000 to
81 800, and selling at the close at $l,4SO.
We are informed that the drift from the
lower level has penetrated large body of
fine ore, north of the shaft, in hitherto
undeveloped ground, and that the pros
poets of the company were never so en-
couraging as at this time. The yield OF
the mine for the month of January is said
to have exceeded $4,000, and for the
current month it is likely to amount to
S250,00O. A dividend is anticipated in
March.
Belcher is well maintained at $l,025
bid, Sl,O50 ex-divldend. In the 260 feet
level, at the end of the northwest drift,
the ledge has been stopped out for num-
Der of galleries, and mass of fine ore Is
now disclosed. Iu the drift at the lower
level, the east wall of the lode has been
reached in a number of places, presenting
the same formation met with above, and
containing seams of very rich mineral.
Chollar is in less favor, and "a feet were
sold, declining from $3.50 to $3.50, and
closing at $50, e1-dividend of $40 per
foot ($l0 per share), disbursed to the
stockholders yesterday. The mine is pro-
ducing about IFS tons of ore per day, and
the face of the south drift is said to be
materially improving. Some 5000 shares
of the stock of the Grass Valley claim have
been purchased by this company, and the
suit Of the Chollar VS.. Potosi will proba-
bly, be tried next week.
Potosi met with trihing sales this week,
but is now held at $775. The company
are prospecting their operations with en-
ergy, and are increasing the product of
the mine. The suit of the Grass Valley
vs.. this Company, it is rumored, has been
continued for the term by stipulation of
counsel.
Empire Mill & Mining Company is in
active but well held. Our information
from the mine is of the most favorable
character as to its future productiveness.
A dividend of $40 per share will be paid
on the 18th inst.
| Ophir opened at $40, rose to $3.50, de-
clined to 1870, and sold yesterday at 1856,
4S shares in all changing hands. We learn
that the new machinery being erected by
this company, in connection with the
Mexican, will be in operation at the end
of the current month. The trouble with
water in the old Central shaft will no
longer prevent the explorations and de-
velopments contemplated by the new
works. ...-,.....-
Confidence &c. H. is held at about
$3.50 per share. The company's claim
contains 100 feet, of II shares each, and it
is thought will henceforth declare regular
monthly dividends of 800 per foot. The
man shaft is now down 450 feet, at which
depth drifts communicate with the lode
east and west to distance of 100 feet.
The west drift has penetrated large mass
of ore, and east of the shaft the ledge is
found to bp25 feet wide, containing rich
sulphuret ore. .. ~.
Imperial is in better favor, and 1913
shares were sold, advancing from 1920 to
$3.50 per share, and closing at $l35 bid.
The Rock Point and Gold Hill mills are
reducing about one hundred tons of ore
per day. Three thousand four hundred
tons were taken from the Alta ground in
the month of January. In the lower
level, at depth Of four hundred and fifty
feet, drills running north and west have
disclosed very promising lode Of silver
bearing quartz. The Gold Hill Drainage
Company are now down some thirty feet
below this level.
Uncle Sam has been quite active, at va
riable rates, declining from $3.50 to 1886.
advancing to $3.50, recedlng to $3.50, again
rallylng to $3.50, and closing yesterday at
$3.50. During the week $50 shares have
changed hands.
| 0yerman is in better request, at 1920
bid, $3.50 asked.
Hale & Norcross advanced from $240
to $3.50, and % feet were sold.
Burning Moscow has been in much bet
ter favor the past few days, and rapidly
advanced from $35 to $3.50, buyer 30-an
assessment of 90 delinquent. AT the
close, sales were made at $6l3@62. We
can learn Of no tangible reasons for the
late rise, apart from the strategic combi-
nations of certain operators.
Sierra Nevada has been active, but in
less request, l,l20 shares changing hands