Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-06-12
WEEKLY STOCK CIRCULAR.
r-, ,ho :. Weekly Stock Circular" Of the As
.,rilted Brokers

SAN r RASCISCO, June III, 1000.
Money continues very abundant and there
il no difficulty 10 negotiating ANYTHING ordina-
yilI acceptable in bank. provided it be free
| from the faint Of mining speculations. The
! demand upon mining or stock c0llateralS is
exceedingly active, but these are in no more
| favor with bankers than they have been for
month past, in fact, there seems to be less
disposition to accept them as security, and
; vet no doubt is entertained Of the value OF
the leading shares on the market. Rates Of
interest still rule at l(Gl1 per cent. per
| month in bank aud at 2(a3 per cent. for out
side negotiations.
Receipts of treasure from the interior since
the l,t inst. amounted to 81 ,5OO,OOO, and the
supply Of bullion is more than adequate To
the shipping demand. Gold bars have been
taken to account by bankers at S2O(GS3J and
silver bars are plentiful at Par to per cent.
discount
Legal Tender Notes have been rather in
active during the week and were less firmly
held. The subscriptions to the seven-thirty
loan are not absorbing them to the extent
anticipated, ard with a large supply in the
hands of nearly all dealers, the market Is
weak. Latest telegraphic advices from the
East also indicate higher quotations for gold.
S94 900 were dealt in at the Board, receding
ing at about 163c bid.
The mining share market has exhibited
rather more vitality this week, but the i'm
provement noted on Saturday last has only
neen partially sustained. The affairs Of GER
ain companies have furnished Il theme for
considerable discussion lately, and although
the truth Of some Of the remarks made IN the
local press Of this city, can hardly be denied,
yet We cannot but regard them AS too sweep
ing and general in their character. We are
quite willing to take conservative view OF
this business, nay, 10 look on the dark side
even, and discourage everything that seems
ike iufatuatiun and folly, or dishonesty; 10
Expose bugus mines and swIndllng represent
talious; but we cannot, nor Will the puollc
be insensible 10 the industry, zeal and enter
prise of some Of the officers whose integrity
J and capacity are now so wantnnly assaulted.
yellow jacket rose from 81, 40J to 800,
/ fell to 1850, and sold yesterday at l, 3J9
/ 1910. Within this range SIS feet were dealt
! n. An average Of about lS5 tons OF ore
/ have been taken daily from the mine this
week, Welding, il is said, some SiJ per ton.
/ No material change has taken place IN the
appearance OF the lower level. Portions OF
il continue TO look well and promise RI fur
nish good supply Of ore for some tiIue to
come. The Company are prosecuting work
upon their new shaft with great yigor, and
nave recently added more power to their
hoiS:in2 machinery.
Gould s Curry is in much more favor and
small sales were made, advancing from ST.
i2j (ex-dividend Of $50 per foot, paid ON
Monday last) TO 1875, receding TO 1850, and
Closing at l,64J bid. The product Of the
mine for the month Of May, exceeded 5000,
tons, and the receipts Of bullion in this city
during the same period, exceeded S2l0,0OJ.
In addition TO the yield Of ore from this mine
some 2U0 tons Of tailings were worked over
by the Company's mill.
Savage steadily rose from 81 300 TO 1870,
declined TO l,230, rallied to l,260 and CLOSED
It about LIS. In all, 81 feet were sold.
About loo tons Of ore per day are now taken
from the mine, which is said to yield less
than S33 per ton. From the 9Th Of May tn
June 5tn. the Cumpany's receipts Of bullion,
in this city, were Sl4O,OOO.
Alpha has materially improved and was
very actively dealt 10, some 2O2 feet chang
ing b tnds, advancid3 from $40 To $40 per
fno,, receling to so, rallying TO loo, and
closing at 93J. Recent advices from the
mine are deemed quite favorable. At d
depth Of fifty feet below the 5JJ feet level,
prospecting shaft and drift have discussed Il
large body Of good ore some fifteen feet
wide.
Ophir rose from $3.50 to 400, reeeded to
49, and was sold at the close ut i6O. Al
these rates g. feet changed hands.
Hale & NJrcruss 10 in better favor and So
fee, were sold. advancing from S430 to SUI,
recrdiny to 49,, and selling yesterday at 49,.
The drift is now in about nifty feet from the
oottoru of the 40 feet incline.
Empire Mil aud M,uiuI Company is i'll
active, but well held ut about S46J per share.
In drifting east at depth Of 545 feet, ledge
If good ore some seven feet In width has
been met with this week.
BeIcher is IN less request, and has been
freely offered at declining rates; lO3 feet
were dealt in, advancing from S9D to l,00J,
reccdiug to $50, ex-dividend Of 81 per foot,
raIlyiug to rs, dropping to go, advancing
to 49,; declining to Il0, and selling yester-
ddy at 6S5ld7OJ. Recent cruShinyS, II Is
stated, did not result as favorably was an
tlcipated, and no new Developments are re-
ported.
Crown Point is also less firmly held. and
- feet changed hands, receding from $3.50
70 $50, advancing To $40, and closing yester-
dty at sou. From the annual report Of the
officers of this company, made on the 9th
inst, we CLEAN the following: During the
past year, ending May LIST, the Crown Point
mill has crushed 1877 tons Of ore, yielding
Besides crushing ore, the engine Of this mill
has raised, Of ore and waste rock, ,53J tons,
tn do which other mines usually pay one dol
lar per ton. Eight months were required to
pump the water out Of the mine, at a cost nf
5000, which would leave the cost Of re-
ducing ore at the cOmpIny's mill, twelve or
thirteen dollars per ton. Outside mills have
been employed to crush l,7S9 tons of ore, at
cnst Of twenty dollars per ton, yielding
60, 6S5, or 80 81 per ton. The total receipts
of the company from June LIST, 1854, TO May
lst, 1865, amounted to 1877 ,5S3 50, and Their
liabilities were 1855 SO on the LIST of June.
Potosi has been steadily m ,intIined, ad-
vanclng from SOS to 30, assessment Of So
delinquency and selling yesterday ut S26O4
30. Chnlar rose from S225 to $50 (assesS-
ment of $50 delinquency, and closed at $3.50
bid.
Uncle Sam has been dealt in from SIPS to
1876 per share.
Minerva fell from sl55 to l2O, and then
rose TO l30.
Central was sold at $3.50 per foot.
Imperial has continued to attract attention
and il prominent feature Of the market,
opening at Sl3S per share, advancing TO l75,
recedins to l5O, rallying to l72i, declining to
l60, seller 80, and selling yesterday at from
III to ia. In all 222S shares were sold.
No particular change has taken place in the
lower level, which still looks quite promiS-
ing. We have no accurate figures as to the
results of late crushings, but are promised
for next week a full statement Of the Com
pany's receipts and disbursements since the
lat Of May.
Bullion rose from $3.50 to $50, declined to
leo, rose 10 l3J, and clUsed at l30.
Burning Moscow rose from "a to 81, and