Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-04-15
From the 8. F. Mercantile Gazette.
STOCK REVIEW.
Fer the Quarter endinH March 31ss

same period Of last year, and, in the aggre
gate, exceed Sl3, 100000 During the first
quarter Of 1864, the total sales amounted tc
SlO, 700, 900.
Gould { Curry opened in January at 81,
$50, and then fell to l 800, rising to 1925 in
February, in March declining to 1850, rally.
ling to 2,0l0, and selling now at about 2,025
Regular monthly dividends of SIS per fool
have been paid during this period. The re.
|ceipts Of bullion have been about 500, 00C
against 81 ,500, 900 same time last year. Al
the close Of March, 1864, this stock was sell.
ing at 1850.
Yellow Jacket rose in January from S765
TO 800, in February to 1900, and in March to
1850, receding since then to $3.50, and clos.
ling at ,425. A dividend of SIS per foot was
paid for the month Of February, and one Of
$500 per foot for March. This stock has at
|tained, since the beginning of the year, the
most prominent position on the list, and the
mine at this time promises to become the
leading one Of Nevada.
Savage sold in January at from 81 $40 to
600, declining to 1855 in February, and ad-
yancing at the close Of March to 1000. This
company has declared regular monthly diri-
bends Of S75per foot.
Belcher advanced in January from $500 to
$3.50, in February TO 1850, and in March to
800. A dividend of S5l per foot was paid
for January, $50 per foot for February, and
for March SIS per foot was declared. Since
the LIST inst. the stock has risen to Sl.90O,
and closes at about 1850.
Crown Point opened IN January at STOO,
and steadily advanced to 1000 at the close Of
February, and to l,600 at the end Of March,
receding since then to about 400. This
company is in promising condition. and an
ticipate declaring dividends to stockholders
within short time.
Chollar has been very actively dealt in, and
huctuated materially, declining from 81, $50
in January 10 $40 in February, rallyirg in
the latter month to 800. dropping in March
to 400, then rising to 700, and still further
advancing to 975 since April lst, and closing
at 900. Dividends of $40 per foot were paid
in January and February each.
Putosi war maintained during the month
Of January at from 800 to $50, receding in
February to 10, advancing to 1000 in March,
and then to 1900, buyer 80, and selling at the
close at $40. Protracted litigation with the
Chollar and other companies has unfayora-
bly, influenced this stock. There is, however,
some prospect OF settlement Of these diff.
faculties.
Ophir fell in January from $500 to 800,
rallying in February to $50, and in March,
5S0-since selling at 600. The affairs of the
are thought to be in a more promising con-
|dition.
Uncle Sam lose in January from $40 to
lilo, and in February to $50, receding to 2T5
that month, but rising in March to $40, then
dropping to 325, and closing at about the
latter tigsre.
orermsn steadily advanced from 500 to
$50, and is now quotable at 3l5. This and
the Uncle Sam Company have consolidated,
under the pame Of the Overman Company,
with 300 shares Of stock.
Hale & Norcross sold in January at from
$3.50 to 2l0, advancing in February to $50,
and at the close Of March to $50, and since
then rising to about 600. Assessments equiv
|alent to S625 per foot have thus far been
levied.
Imperial steadily advanced from $3.50 per
land is now selling at about 2l2. Dividends
|of 81 so per share were paid in January, s in
February, and 10 in March.
Purely speculative and other low priced
stocks are in less favor than formerly, and
attract but little attention.
MONEY MARKET.
|ket. Capital for loan purposes was abundant,
and no pressing demand existed. There
was, in fact, an evident and rather decided
tendency to lower rates of interest, and trans.
actions Of considerable importance, predica
tied upon the short commercial paper usually
negotiable il bank, were reported at l@l4
|per cent. per month. Since that time there
has been continual influx Of capital from
|the East for investment in mining and other
property, forming in the aggregate probably
not less than 81 zoo, 600, which, though not
available for loans, has been incorporated
with the productive resources Of this coast, in
addition to to the usual increment from home
labor and capital, and the pursuits Of COM
merce. We make special note Of this cir
cumstance, for the reason that although this
process has been going on to greater orl
less extent for the past three years and more
at times with much actiyity-there is,
a class Of writers at the East
who tell US that capital cannot come in this
direction, because we persist in maintaining
a metallic currency; and who predict with thel
most empirical assurance, large transfers of
the same TO Eastern markets, and thel
gradual decay Of all our material interests,
unless the "patent mostrum" Of irredeem-
able paper money, which they would fain ad-
minister, is speedily accepted. So long as
these predictions are refuted, as they GER
tainly are, and have been thus far, by the
Is logic of events" it were waste Of time to|
bestow upon them further notice.
Notwithstanding the increase Of capital,
alluded to above, there has been growingI
demand for money during the period under
review, which at the close is found to exert al
restricting influence upon some departments
of business. This is attributable chiefly, WEI
think, TO two cause.-the unusual absorption
|of coin in the payment Of duties at the
Custom House during the month Of March,
and the prolonged suspension OF. coinage at
the Branch Mint. Other causes have doubt.
less operated TO some extent. Nearly $780,
900 Of the large amounts sent into the inte-
Nor has not yet been returned to our circula-
ton, and considerable sums in coin have
likewise been transmitted To Eastern markets
for the purchase Of merchandise supplies.
These latter items, however, scarcely exceed
the average Of former years.
The scarcity Of coin from these combined
causes has been the chief element in the con.
traction of our money market; but now, that
the Mint has resumed operations with re-
newed activity, we may doubtless anticipate
an early relaxation. 1t is true that the specu.
latlTe conoltlon OF tue snare Market anu tne
disposition to operate largely in Legal Ten
ders, have absorbed good deal Of money
and greatly augmented the necessities Of GER
tain classes who have borrowed freely, in the
expectation Of enhanced values. Highly
favorable intelligence from the mining dis
tricts, coupled with the growing attention Of
Eastern capitalists, has impaired much
buoyancy and strength to the Stock Ex'
change, while at the same time the opening
Of spring trade is beginning to create more
competition in the loan market. To legiti-
mate business paper, a preference is always
given, and for securities of that nature, loan
Recommendations are readily found.
HOME FINANCES.
Since our last reference there has been nc
apparent abatement in the demand for money
Coin continues scarce, and the requirement
upon legal tender notes, mining stocks, and
other collateral securities, is otill active. The
market, however, cannot be considered string,
ent for prime business paper, and the wants
Of merchants generally are not pressing
The current rate in Bank is "a per cent pei
month, and in the open market D and per
=. la1