Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-04-11
wEEKLx sToCK CIRCULAR.
rom the "wsekiy Stock Circular of the As.
~ aoniafad RrnkarN

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urgency TO affect the usual rates OF interest
for acceptable securities, or to impede the
negotiations of parties in good credit. Five
mining companies have paid dividends during
the week, and disbured in the aggregate the
sum of 500, 900 out Of their net earnings for
the month of March. The greater portion Of
this amount was paid to shareholders in this
city, and less assistance has been required in
stock circles from bankers aud others for this
reason.
Receipts Of bullion from the interior since
Saturday last exceeded $1,000, 900. Gold
bars are in iull supply and dull at about 800.
Silver bars are also plentiful and in less favor
at from per cent. premium to per cent.
discount.
The mining share market has attracted
more attention this week than at any time
since June last, and nearly all frst-class
shares continue TO gather strength and to IN.
crease in popular favor. The substantial
character OF recent developments in num-
Der OF mines, together with the handsome
dividends that are being regularly paid to
stockholders are tempting parties to enter the
market who have kept aloof for long time.
BUYERS are now found who were formerly en-
gagged solely in what has been regarded BY
them as a more legitimate and less specula-
tive business. Prospective dividends equlya-
lent to and per cent. per month, and the
exciting arena Of the Stock Exchange, how
ever, furnish more pleasing allurements to
some than can be found in the graver pursuits
Of trade and commerce, and considerable
capital from these sources has been invested
Of late in dividend-paying mines.
We are requested to call attention to the
inconvenience and embarrassment arising
from the location of the transfer offices OF
several prominent companies in Nevada. The
delay and difficulty attending transfer Of
every share Of this stock sold here from hour
to hour, is a subject of universal complaint,
and many transactions are frequently annul-
led because of the trouble and time required
to obtain certificates in the names Of the par
ties purchasing. There are many other rea-
sons why the transfer Offices Of all mining
companies, whose stock is actively dealt in
here, should be located IN San Francisco.
CITY stocks are steady and for the most
part we'll held. California Steam Navigation
is in much better favor at IS per cent. bid, "a
asked. City railroad shares are inactive at
quotations. The net receipts of two Of these
companies-the Omnibus and North Beach
and Mission-are sufficient at present to pay
regular dividends of } per cent. per month on
their capital stock, and about It per cent. on
the amount paid in.
Spring Valley Water Company was sold to
the extent of 10 shares at S5l. The Lake
Honda reservoir is now completed, and holds
about 100000 gallons OF water. Work
upon the dam on Pilarcitos creek, 80 miles
from the city, is being vigorously prosecuted,
the superstructure of which is already finish
ed. The dam will be completed during the
present year, and is to contain l,000, 600, 900
GALLONS of water-more than one years sup
ply for the entire population Of San Francis
CO. The company will pay their first dividend
Of J per cent. on the par value (Sl0O) Of the
stock IN May next, and expect TO continue
these dividends monthly. They effected q
sale recently Of II miles Of surplus pipe (for-
merly used by the Bensley company TO the
San Francisco Gas Company, for the sum OF
$4,000, and their affairs are believed to be
in fattering condition.
Legal Tender Notes have been largely
dealt in, opening at Gig, dropping to 50, sell
Ter 80, advancing to 664, receding to 645, sell
Ter 80, rallying to g., buyer 80, and closing at
674 bid, 673 asked. The sales during the
week amount to $3.50, 200, par value. Latest
Geographic advices from the East quote gold
at l55. Recent military successes were, 1t
would seem, fully anticipated and accurately
discounted some time since in Wall street,
and the cause Of the decline then from zoo to
l474 is now made apparent.
Yellow Jacket is in less favor, and steadily
declined from $3.50 to 2,2l0, ex-diridend Of
500 per foot, paid on the 9Th inst, closing
at :, $50 bid. 2.275 asked. A streak Of valua-
bic ore, some four feet in width. has been
met with recently, most OF which, it is said,
assays $1,000 per ton. Other portions Of the
mine are looking well, and the net product Of
the current month promises to equal that OF
last month.
Savage continues to improve, and was sold
at from S2005, dividend on, to Sl,9S5, ex-
dividend, and still further advancing 10 3d.
$50. Within this range sixteen feet changed
hands. Advices tromtne mine are tatrerlng.
In opening an air shaft from the east cham
Der to the surface, large body OF fine ore
has been found. The lode at this point APP
pears TO dip east and south, and at this angle
shows deposit OF ore 80 feet deep, with
perpendicular depth of some 70 feet.
Gould & Curry rose from 5000, ex-divi-
dend of S75 per foot, to 5000, receded to
S2,O25, and closes at about $1,000 asked.
The upper portion of the mine is looking still
better, and now affords very substantial
refutation Of the idea entertained BY some a
short time since, "this claim was on the eve
of exhaustion !" The aggregate product in
bullion for the month Of March was $500, 1000,
Is per cent. of which was distributed among
the shareholders. The D street shaft has at
tanned depth Of 400 feet, and this is to be
continued to depth of 1000 feet, With pros
pecting drifts running east and west dis
lance Of 100 feet each.
Belcher has been in decided favor, and
rapidly rose from Sl,550, ex-dividend, TO
$500; closing at $l,730 bid and LAO
asked, within which range 81 feet were sold.
In running drift north, at depth of 300
feet from the bottom Of the shaft, mass Of
splendid ore has been found some 40 feet be
low the present working level. A feature Of
the ore met in this mine is its value in gold,
only about one-half of the yield being silver.
Crown Point is inactive, at 1850. The
new hosting apparatus will, 1t is Thought, be
in operation at the close Of the month. Re-
ceipts of the bullion for March amounted to
S33, 900, and the company has now surplus
On hand.
Potosi has been very largely dealt in, ad-
vancing from 81, 020 to 81 300, buyer 80, re-
ceding to 9S5, rallying to 1880, dropping to
900, and closing at about $50, at which rate
2S2 feet were sold. The progress ofthe suit
of the Chollar against this company, now
pending before Judge Mesick, has excited
some interest, and at this moment an I'M
preston prevails that the case will be allowed
to go before jury on its merits. Law points
are to be argued to-day.
Chollar advanced (mainly owing to the
causes above alluded TOY from 500 to $500,
and closed yesterday at S9O5. In all, 2S2
feet have changed hands. Drifts are under
way to the east and west in the fifth level Of
this mine, and some good ore is now being
obtained from the fourth level in the south
mine.
ophir declined from $3.50 to $50, and rose
again to $3.50. -,
Hale & Norcross rose from S420 to $472tt,
and receded to $3.50. An assessment Of $50
per foot has been levied.
Empire Mill and Mining Company was
sold a: $3.50 and S475 per share, buyer 80.
Uncle Sam rose from $500 to $3.50, fell to
$500, rallied to 1927, again dropped to $500,
and closes at about S305, at which rates loo
shares we're dealt in. The long pending liti-
ko.o,oa, this noponapv and the Over