Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-10-23
WEEKLY STOCK CIRCULAR.
From the Weekly Stock Circular" Of the As.
ISOLATED Brokers.l
c.. C,oon "a OF 1ops I'D

". .
WEEKLY STOCK CIRCULAR.
From the Weekly Stock Circular" Of the As.
ISOLATED Brokers.l
SAN Francisco, Oct. 81, 1866.
The money market is well supplied with
available capital. but rather more activity
may be observed, and bankers meet with
no difficulty in effecting loans upon first
class business paper and satisfactory COL
~laterals, at l@l3per cent. per month. A
steady requirement in mercantile circles,
mainly for speculative purposes, has pre-
vailed for some time past, and among
stock dealers there is little or no abate-
ment of the pressure alluded to last week.
The serious depression incident to oil
stocks last week still continues, and the
market has presented a very cherries view
the past day or two, with a slight rally,
however, in some shares at the close.
Considerable stock has been sold this
week to cover advances, and in many in.
stances those who were unable to respond
promptly, have been sold u without
much regard to the losses sustained. This
hypothecated stock will now pass into the
hands of stronger holders.
Alpha, owing, it is said, to the poverty
of the ores reduced lately, and to unfa-
vorable developments in the upper portion
of the mine, has been in much less favor,
receding from 81, 300 to 1850, then selling
at l.l2O@l 900, and closing yesterday at
1000. l.n.
Yellow Jacket was dealt in to the extent
of 100 feet, receding from $l,076 to $40,
dropping to $40, and selling at the close at
720@l,00O. During the week ending Oc-
tober 9th, 964 ton of ore were extracted
from this mine, and 1000 tons were re-
duced, yielding an aggregate of 38,S0l &C,
or IN average Of 35 81 per ton. The
east stratum Of ore in the lower level is
said to average some 10 feet in width, and
favorable indications have been mel with
in the northwest drift (same level) in run
ming for the west body found above.
Gould & Curry has been rather steadily
maintained, and 20 feet were sold within
a range of Sl,D25@l,070, closing at LOIS.
The extraordinary expenditures of this
company during the past quarter have 'ex-
ceeded $250,0 00, mainly for wood, timber,
quicksilver, and other winter supplies, to
last un1l May next, and some disburse-
ments are still required for the same pur-
pose. Next month, however. their ordi-
nary surplus earnings can and will prooa-
bly, be applied to the dividend account.
Savage rose from 81, 006. to 1000, fell
to 900, and closed at about $50; some 26
feet in all changed hands. It is stated
that O permanent body of ore has been
developed in the lower level, at least so
feet in width, and the drift on the vein
continues in good ore.
Crown Point fell from 5000 to 750, and
| closed yesterday at $50 bid. The drift
from the 800 feet level is making but little
Roadway, owing to the large volume Of
water met with The two inclines from
the 230 feet lesel continue in ore; the
south one does not look quite as well as
it did a short time since, but the other ION
the east stratum) shows some improve
ment.
Belcher receded from $500 to $40, then
| changed hands at 800, and sold at the
close ct 400. This company recently met
with a deposit of good ore, some Is inches
wide, within 200 feet of the south line of
the Crown Point, at a depth correspond
ing with the 230 feet level in the latter
mine. This is supposed to be a continue
ton Of the west body of ore found in the
Crown Point.
Ophir has been actively dealt in, and
nearly 200 feet were sold, advancing from
1890 to 455, then selling at 800. and clos
ing at $50. A considerable body of water
has made its appearance again in the
Mexican shaft.
Chollar has been in much essfavor, and
some $50 feet were dealt in, advancing
from S430 to 4S0, buyer 80, receding to
1856, and selling yesterday at 375@370.
Potosi has also been active, at declining
rates, and 220 feet changed hands, rising
from S4l5 TO $50, buyer 80, steadily drop
ping to $50. and selling at the. close at
3509355. These two mines are now pro-
ducing an average Of $50 tons of ore per
day. In stopping up from the 1856 feet
level in the central portion Of the Chollar
mine, it is said that a vein of pay ore,
some 20 feet wide, has been met with.
The Bajazet1 chimney in the Potosi claim
is represented as showing q decided inn
provement, and it Is thought that this
body of ore will extend 100 feet in length,
with an average Of 25' feet in width. The
prospecting shaft sunk from the lower or
1856 feet level on the Potosi, is now down
rs feet, and continues in good ore.
Hale & Norcross receded from 1926 to
$50, rallied to $50, then dropped to 3271,
and closed yesterday at 1926. 50.
Empire Mill and Mining Company fell
from Sl95 to 1872, and closed. at $780, The
east drift from the lower level has not yet
met with ore.
Imperial was dealt in to the extent Of
some 1900 shares, advancing from $l95
to PIP, steadily declining to l80, buyer 80,
and selling at l725@l76. The receipts Of
bullion since the 10th instant, including
cash surplus then on hand, exceeded
$55,0O0. There is no material change to
note in the condition Of the mine, save
that in Stopping up from the sixth level a
better quality Of ore has been found.
Bullion dropped from $l06 to rs. and
sold yesterday at 70.
Confidence was sold at s72A@s5, clos
ing at 66.
Daney receded from s26 to 20. closing
at Is bid.
Sierra Nevads fell from $ls to IA, and
sold yesterday at l23.
The total sales Of Stocks at the Board
since Saturday last, inclusive, amounted
to $s94,9 47.