Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-06-04
HILnyRR & co.'s WEEKLY
STOCK CIRCULAR.
SAN Francisco,

OATURDAY MORNING, n q, 1000.
The amount Of capital offering for loan
purposes shows no abatement, amply sup.
plying the wants Of oil classes who can
furnish the requisite security. A fair de-
mand prevails in bank circles where the
rate rules as formerly-l@l3 per cent. per
month. The outside requirement upon
mining stocks and other colla.erals is more
active, but the former security being in
rather less favor, borrowers are efecting
loans with more difficulty than for some
time past.
The receipts Of treasure from the interior
mining districts since Saturday last
amounted to Sl,l00, 900, and the aggre-
gate for the month of June exceeded ST.
100000. The bullion yield of Nevada and
portions Of the North coast has fallen of
q little recently, but this deficiency is fully
made up by increased receipts from the
quartz mines of this State.
Legal Tender Notes have been actively
dealt in this week, and the par value of
the sales exceeded 1926, 900, receding from
755 to 723c., seller 80, rallying to "a, and
closing ut shout 75c., bid, 761c. asked.
Small sales Of June 1905 were made at
77dc., closing at Zoe. asked. The late re.
liable advices from New York quote gold
at 1873 on the 3lst ult.
The mining Share Market has not ex-
hibited much vitality this week, and prices
at the close fell to the lowest point reached
for a long time past. Considerable hypo-
thecated stock has been sold lately to cover
advances, and is now probably in the
hands of stronger holders. Present deve-
lopments in portions Of the Comstock
lode, together with the undiminished yield
Of o number Of claims, would seem to
warrant present prices. If not to justify
the expectation of higher market values.
Crown Point rose to $1,000. receded to
$1,000, and then sold at 81, Sol, 600.
During the week ending 26th ult., 594
tons I'd class, and 65 tons LIST class ore
were extracted from the mine. The latter
is taken mainly from the Wine sunk be-
low the 300-foot level, at o point within
GO feet of the north line. No other new
developments have been made lately. The
shaft is now down 420 feet, and q station
is now being prepared for the new or 4th
level. Receipts of bullion for the month
of May will approximate $4,000 and
the regular dividend will be declared on
the 9th inst, leaving a large surplus in the
treasury of the company.
Savage declined to 1886, rose to 1925,
buyer 80, then sold at 1882, and closes at
$500 bid. Adyices from this mine con-
tinuc favorable, md the ore product is
averaging 80 to 90 tons per day. The
present yield Of the lower or 9th level is
expected to be steadily maintained for
some time hence, and an increased pro-
duction is anticipated from the upper
levels. The old shaft is down 60 #. from
the lower level, aud in drifting north
from the 6th) some 80 feet, a seam Of ore
has been met with. A further continual
ton Of this drift will, it is thought, reach
the body of ore found in the Gould &
Curry. In the Curtis shaft, good pro-
gress is being made with the two south
ern compartments. A drift has been com-
menced at O point corresponding in level
with the 7th station, old shaft, and is now
in % feet. This is to reach the vein near
the Hale s. Norcross line, and about 70
feet above their 70o.foot level. Receipts
of bullion for the month Of May amount
ed to $4,000.
Hale s. Norcross has been well sustained
at S975@965, and closing at $3.50. There
is O new feature in this mine-the differ
ent floors north and south from the 7th
level) still present q fattering appearance,
and certain portions are producing o bet
ter quality Of ore. The yield Of bullion
for May will amount to some S86, 900, and
the usual dividend will be declared next
week.
Gould s. Curry was dealt in at $3.50,
cash, buyer 80, closing at $40 bid.
There are still so feet Of the south drift
from the south branch, I'd station) to
clean up before the face can be reached.
The east drift Of the south branch ed
station) is still in quartz. The ore cham
bers above continue to hold out well, and
a large quantity Of ore is being piled up
at the mill. Receipts Of bullion for the
past month amounted to 100000, and
the Company have now at their credit a
balance Of Sl07, 900, with no liabilities.
Yellow Jacket rose from 5000, seller 80, to
600, buyer 80, receded to 62l, and sold yes
terday at 585@525. We have no official ad-
vices from this claim this week, but are in
formed that there 10 no improvement to note
in the quality Of ore extracted recently, most
Of it being Of low grade.
Ophir has been dealt in to the extent Of
some 400 feet, advancing from $685. to 425,
buyer 80, dropping steadily to ESQ, and then
closing at 300. We can learn Of no favorable
feature a. to the present appearance Of the
lower level, and the body Of ore in the 9Th is
.,;l 80 ho IIf,:. h,t ho,s - ~aapino propahlv
not as intrinsically good as II would seem to
be, or, in other words, unreliable. Receipts
Of bullion during the past month amounted
to $4,000.
Choilar- Potosi fell from $500 TO 295, roso
to $50, fell to 200, and sold yesterday at 270
6l65, and colsing ut 1856. The upper stope
Of the Bajazet ground Is said to be looking
we'll, and discloses q large body Of ore. In
drifting IS feet east from the New Santa Fe
station a little ore has been found, and the
Belvidere mine continues to yield some rs
tons Of good ore daily. The new station drift
from the shaft Is in shout 400 feet, 1.-THE
end having passed through q soft mixture Of
porphyry and clay" During the week end.
May Is, 69S tons Of ore were sent to custom
mills. This company has now a supply on
hand of some $4,000, all liabilities being
paid.
Belcner rose IIOm 0EVV " Tow lel " lovt
and closed at 100. Within this range l40
feet were sold. Alpha reached from $500 TO
200, and closes at $50 asked. Empire Mill
and Mining was sold at $3.50, seller 40, but
is now we'll held at about 1875 per share.
Imperial has been held to within a range
Of SlaO@921, closing at 90 bid. Receipts Of
bullion for the first three weeks Of May
amounted to $39.20 The damage done to
the dam at Rock Point mill 10 being repaired
at a cost OF some $4,000.
Overman has been very active, and nearly
1900 shares were sold, dropping 70 S25, raj
lying to Al, falling to %, and selling yester-
day at 2392a Bullion has been dealt in
within q range Of 1856 cash, and 90, seller 80,
closing at 40. Confidence was sold at $3.50
80, E~xchequer $lo@s, and Sierra Nevada at
S5i@5.
The total recorded sales Of Stocks, Legal
Tender Notes and Bonds, since Saturday last,
amounted to $724,59l
STOCK TRANSACTIONS.
lREPosrED BY 7. o'BlIES, STOCK BROKER, GOLD HILL