Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-05-29
WEEKLY STOCK CIRCULAR.
rpm the weekly Stock Circular" Of the Ar
soeiaipd BrokerGl

(
AHtle q NO change d perceptibls in the
eondillpl Of the money market, save that .
further accumulation Of capital may be no.
led. together with occasional concessions in
the rates Of interest 10 certain borrowers.
Money is thought to be more plentiful than
| for some time past and 10 likely 10 remain 90
Tor The present, but mining share collaterals
are still out Of favor with capitalists, and few
or no facilities are extended to dealers.
Receipts Of treasure from the interior, du-
ring the week, amounted to $500, 900, making
an aggregate Of 81, l00, 900 since the LIST inst.
Gold bars are selling at about $50, and silver
is quOta6le at frum per cent. premium TO
per cent. discount.
Legal Tender Notes were active, but very
steadily maintained, In yieW Of the large dis
bursements beng made BY the United States
Ouartermaster Of this Department Two
hundred and twenty-Sixs thousand dollars
| (par yalue) were dealt in, receding from 773c
to 76lc, advancing to 774c again, then selling
at isle, and closing at 78c bid, 7S4c asked.
Latest telegraph advices from the East quote
gold at about 1872, which has been the pre-
yailing rate for a week past.
The stock market has been characterized
| By considerable, activity this week, but with
scarce an exception nearly all shares have
been sold at a decline. The short interest
continues to attract the attention Of many
dealers, and sellers option contracts are be-
| ing made with much freedom. The prospec.
tive demand for stock for future delivery
growing out of these sales, impartS some
strength to the market, but recent intelli-
Qence as to the actual condition OF q number
Of claims il not deemed favorable, and in the
absence Of speculative demand for rise,
it will be difficult to enhance prices at pres
emit. 1t is also well known that the financial
condition Of certain companies is now and
has been for two months past much less fat
terinH than the public were led to believe,
and that their net earnings for thirty or sixty
days hence will be absolutely required to
liquidate obligations incurred in the payment
of dividends 70 stockholders.
A different policy must prevail hereafter,
or the public will have no confidence IN the
future management Of these companies.
Heavy losses have been sustained by many
dealers, and they seem now fully conscious
Of the folly and insecurity Of blindly entrust-
ing their interests to the hands Of others,
whose incspacity, dishonesty or imprudence,
unmatched or unguRrded against, may at any
time involve them in ruin. There has been,
unquestionably, radical defect in this bust
ness somewhere, and we may take it for
granted that any Board Of Trustees or Direc-
tors that shuns the light Of full and free in
vestigation, and refuses to parties interested
such disclosures a. are necessary to correct
and proper understanding Of the affairs Of the
corporation whose servants they are, deserve
no confidence, and are actuated by sinister
motives. It Is Of great importance that our
mining companies, which have become SO
numerous and are absorbing so large por'
ton Of the wealth Of our citizens, and are
likewise seeking and sharing the patronage
of foreign capital, should be conducted hon
orably and honestly, and that every guard
and check which enlightened prudence and
experience call for should be thrown around
those who are entrusted with their. manage
ment. The public security demands this,
and it should be insisted on henceforth.
Gould & Curry has again obtained the
most prominent position on the list, and AZ
feet were dealt in, receding from 81 500 to
1875, seller 80, advancing to 1850, declining
to l,540, and selling yesterday at l,5OOg
l,5l0. No change has taken place in the ap-
pearance Of the upper level, and abont the
usual quantity Of ore is being hoisted to the
smrface. A dividend Of $50 per foot Is likely
to be declared for the current month.
Yellow Jacket steadily declined from ST.
AIS, seller 80, and $50 cash, to 1875 regu-
lar way, and closed yesterday at about $40.
The west lode in the lower level, north Of the
shaft, is said to show some improvement,
and the average product Of the mine exceeds
200 ton of ore per day. We have good au-
thority for stating that this company was
considerably in arrears upon payment Of its
last dividend, and that its Indebtedness at
the present time amounts to more than
Savage rose from 81 ,26O to 81 ,s2O, declined
to 81, 100, then sold at 81, $50, and closed at
OIL ,24O; some 90 feet in all changing hands.
From the North Potosi chimney and the east
chamber Of the first level some 80 tons Of ore
per, day are now taken, averaging $50 per
ton. The indebtedness Of this company up
on the payment Of their May dividend ex-
ceeded sos, 900, and at this time their iabili-
ties amount to 100000. This latter does
not include obligations to be incurred in
the completion OF the new hosting works.
Belcher rose from 81 .070 10 LOO, receded
to 1000 and closed at l,0l0. Some good ore
is being taken from the second level, and
dividend i confidently anticipated for the
month Of May. 7s,rr
Crown Point fell from $500, buyer 80, to
$50, seller 80, and sold yesterday at no. At
these rates 26 feet were dealt in.
Alpha was sold at 1895, but IL now offered
a. SIS.
Ophir advanced from $3.50 to $50, declined
to $50, and sold yesterday al 500. Within
this range IS feet changed hands. The shaft
is now down $50 feet, and several small veins
Of metal-bearing quartz were disclosed in
sinking the last fifty feet. Have just COM
menced drifting from the eighth station, and
viii also soon commence drifting from the
ninth station, at depth Of 600 feet. Within
the past month the company have struck .
BODY Of rich orc In their north mine. be-
tween their first and second stations, and also
in their south mine, between the sixth and
seventh stations. In addition to this, south
and west of any previous work, they have
opened up 4 vein Of rich ore, yielding
from 100 to lS5 per ton, and already seven
Hale 4 Nottcro.s fell from $3.50 TO $50,
rose to 480, and closed at 480.
Empire Mill and Mining Company has met
with no sale, but is well held at about 40
per share. -
266 within which range 267 feet were sold.
Chollar declined from 1875 to 306, and closed
at about 20; some 10 feet changing hands.
The indebtedness Of the PotoSi Company y
believed to b Sl90, 900. and that Of the CAol-
lar about $l60, 900, exclusive Of the Grass
valley debt Of 8i5O, 900, making an aggregate
Of $500, 900 for the two companies. We learn
Of no new developments in either mine.
Imperial has been very actively dealt in,
and 1854 shares were sold, declining from
$3.50 to $50, rallying to 1S5, receding TO l51,
and closing at about l66. From information
derived at the Office of this company, We as
certain a. follows The surplus balance from
the March account carried forward to April
was $26,590 SO; the earnings in April were
S47, 795 o.; making an aggregate Of $l4,SS6
80. The April expenses were 832, 234 ", and
the dividend was $40, 900, making S72,2A 81,
and leaving balance to May account Of
81, l5l 80. The ore for that month averaged
about S23 per ton, and the receipts for the
first tftsen, days Of May were OK, 5S8 "a, and
for the last half Of this month are estimated
at S35 900, and the expenses for the entire
month at about $4,000. This would leave
balance on hand on the LIST Of June Of about
$4,000. ,Nisnot probable thata dividend
for May will be declared. When the last
dividend was declared the prospects OF the
mine were very Hattering, and it was sup
posed that not only $40 could be divided for
May, but surplus added. Il was, however,
found impossible to commence work in the