Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-04-04
wEEKLY sroCK CIRCULAR.
From the Weekly Stock Circular" Of the As
sociated Brokers.

chants, some of whom are requiring
means at this time for other purposes.
Many speculative dealers in Legal Tender
Notes are heavy borrowers at present, and
considerable sums have been loaned
recently by bankers upon this description
Of collateral. Operators in mining shares
at current prices, also require additional
facilities, owing to the late rise and the
universal activity of the market.
Receipts of treasure from the interior
since Saturday last amounted to nearly
one million dollars, making an aggregate
of Eve millions for the month OF March.
Gold bars are in light request for Mondays
steamer, at about 100000. Silver is
selling at par to per cent. premium for
bars o. average 6neness.
The stock market this week has been
strong, and with scarce an exception all
first-class shares were in good demand
and actively dealt in at enhanced rates.
Developments on the Comstock lode.
throughout the entire length continue 10
promise well for the future, and number
of claims are now thought to disclose
more tangible evidences of intrinsic value
than at any former period. Several lead
ing mines have so much improved recently
as to warrant the expectation of increased
monthly dividends hereafter, while Others
seem to fully maintain their former pres
tige, and are yielding more than was an
ticipated short time since.
City stocks have been more active.
California Steam Navigation Company
was sold to the extent of 55 shares, de-
clining from S721 to 500, advancing to
$40, and closing at S7l bid. About so
shares were sold within this range "be-
tween boards" Rumors are current as to
the establishment of vigorous opposi-
ton to this company, but so far as We can
learn, no movement of the kind has been
seriously contemplated as yet. San Fran
cisco Gas was sold at $50, some 80 shares
changing hands, and Spring Valley Water
advanced to $531. City and County
Bonds are unchanged and are we'll held.
U. S. 1905 were sold at 6ld@6l. Legal
Tenders have been active and $4,000
were dealt in at the Board, advancing
from 81 to &c, receding to 81 and 60c,
seller 80, and closing at 6la bid, 81 asked.
In view of much higher relative value
in the East, with gold at not over l55
during the week, some surprise is ex-
pressed at their abundance in this market
at the prices now ruling. 1t is intimated
that the Sub-Treasurer in this city is
quietly disposing of the million dollars
received by him lately in exchange for
1905, and is shipping the coin East for
Government account. A large shipment
of coin was made by this reIcent ofhcia
by the last steamer.
Yellow Jacket receded to $2.550, ad.
vanced to 1900, and closed at 2,5l0 bid,
1850 asked; 81 feet were sold. The net
yield of this claim for the month Of March
amounted to about Sl55,000, leaving a
surplus of some S35, 900 in the treasury Of
the company after the payment of diyi-
dend of 800 per foot. In the lower end
of the mine drift has been run due east
distance of so feet, from the shaft to the
clay wall, and at that point body Of fine
black sulphuret ore. % feet in width, has
been found, similar to, though of more
value, than that met with in the $50 feet
level above. Northwest of the shaft q
number of galleries have been formed,
through pay ore some 60 feet in width,
and no limit has been found thus far to
the ore above, at the west, south and east
In the northern portion of the mine, l20
feet above the ledge struck in the east drift
of the lower level, the lode is said to be %
feet wide. and perfectly developed a dis
lance of 300 feet in length. The company
are about to sink an immense shaft out
side of the ledge, from which drifts are to
communicate with the different levels.
Gould s Curry advanced to $4,000
early in the week, at which rate IL feet
have since been sold. Recent operations
in the upper levels have disclosed large
bodies of good ore, and it is now estimat-
ed that above the lower tunnel there is
still reserve of some 10000 tons to be
taken from the old works. At depth of
so feet below the lowest level in the Saw
age a considerable body of fine ore has
been found, within few feet of the latter
mine. The regular dividend OF $75 per
foot will be declared for the month of
March.
Savage has been in decided request and
10 feet were sold, mostly to capitalists of
Nevada, at rates steadily advancing from
Sl,7S0 to 2,0l0. and closing at 2,0lo bid,
and 2,0l5 asked. The average product of
the mine is now about 300 tons of ore per
day. Drifts from the next level will open
the mine at some 80 feet greater depth.
The shaft is down some 10 feet from the
present lower working level, so that little
additional work remains to be done before
reaching a new level. $75 per foot will
be discussed to the stockholders next
week.
Belcher is also in better favor, and 80
feet were dealt in, opening at $1,000, ad-
vancing to 1850, and closing at about
1850. After the payment Of dividend
of $z5 per foot for the month of March
surplus of some $4,000 will remain at
the credit Of the company.
Crown Point declined from $1,000 to
l,35, and is now held at l,400. Small
sales have been made. An average of 80
tons Of ore, worth about $50 per ton, is
now daily taken from this claim. Within
thirty days the company anticipate hoist
ing 200 tons per day, and will also sink
deeper from the 230 feet level.
Potosi has been very largely dealt in,
and lO9 feet changed hands, advancing to
$1,000, buyer 80, declining to $40, rally
ing to 1885, buyer 30, and closing at
about 1000 cash. The vein in the lower
or 485 feet level has now been explored,
north and south. distance of $50 feet,
every portion of which is believed to con-
tain pay ore. From this level to the 425
feet level above, vast deposits Of good ore,
it is thought, can yet be taken. In what
is known as slope B, cross cuts and tun-
nels have been run promiscuously, and in
the north end of this part of the mine, 1t
is said, virgin mass of ore exists 24o feet
long and 262 feet deep.
Chollar has been tolerably we'll main
tanned this week, and 224 feet were sold,
advancing from $40 to $3.50, declining to
1915. rallying to $742, and closing yes
terday at about 500. A body Of ore has