Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-01-16
WEEKLY STOCK CIRCULAR.

month. The late decision Of the Supreme
Court of Nevada, declaring the Specific
Contract Law of that State to be in con-
fict with the Legal Tender Act Of Con-
gress, has created the greatest di'appoint-
ment here, in both mining and commercial
We learn, however, that efforts
will DO made to have this case re-opened
and another hearing granted. with argu-
ment of counsel, which had been supposed
unnecessary before. And it is confidently
believed that the decision will be reversed,
and the vital interests Of the State thus
shielded from its paralizing influence. we
are happy to believe that public sentiment
in Nevada is not with its Judiciary in this
; that there is a broad substratum
Of honor and integrity which will speedily
reveal itself, and scatter to the winds this
feeble emanation of ignorance and preJu-
dice. From the recently published Report
of the Secretary of the Treasury, it is evil
dent that the whole power of Government
is now directed to the establishment of n
sound currency II the restoration OF a
specie basis. We are greatly mistaken if
the loyal people of Nevada are not on the
side of Government.
The Mining Share Market has been
comparatively steady this week. with q
fair degree Of activity in most stocks.
Gould & Curry has met with small sales
within u range of $3.50, seller 80 ex-dlvi-
dend, and 900 cash. closing at 500. OPP
erations at the mine and mill present no
feature, and receipts OF bullion thu
far the current month are about up to the
usual average. The various drifts from
the lower stations are progressing rapidly.
We are informed that no dividend Is likely
to be declared for the present month, but
that one is contemplated within two
months from the date Of the last.
Savage has been actively dealt in, and
some l75 feet were sold, advancing from
S745 to 765, receding to 600, rallying to
7l21, and selling yesterday at 7lO@7l2t.
The Wine sunk from the fifth or lower
level rs now down some rs feet. The de-
post Of ore through which this has passed
is Said to be n little irregular and uncer-
tain in some places, but its general fea-
lures indicate the presence OF II promising
body of valuable ore in this part OF the
mine. The entire product has averaged
some l2j tons per day recently, and re-
ceipts of bullion since the LIST inst. have
exceeded $4,000.
Yellow Jacket rose from $40 to 400,
declined to 1876, rallied to $50, dropped to
400, seller 10, was then dealt in at 445,
and sold yesterday within n range OF
The aggregate yield Of bullion
for the month of December amounted TO
SSO,672 go from ZEE tons of Qre-an
average of $40 GO per ton. The indebt-
edncss of the company. January lst.
amounted to Sl9l, 503, crediting the recent
assessment in full. The ordinary expenses
of the mine and mill, last month, were
less than SEA, 1000, but SOM $4,000 ad-
ditional were expended upon improve
ments to the south shaft, new machinery
for the mill. supplies, etc. During the
present month 100 tons Of frst-class Orc,
worth $3.50 per ton net, will, it is said. be
taken from the mine, and better results are
anticipated from the second class ore.
Crown Point has been rather inactive.
declining from $685. to $50, rallying TO
555, and selling yesterday at 570@576.
During the week ending January 9th, 2i3
tons of ore were taken from this claim.
The west stratum Of ore in the lower level
is looking well, and promises to be fully
as wide as at the bottom of the incline
from the 23O-fe level, some Is feet.
Ophir rose from S3l7 so to $40, reced-
ed to 80. rallied to 345, and sold yester-
day at 345@350. During the last half of
December, III tons Of ore were sent to
the reduction works, averaging Sl55 per
ton, and in the entire month TOS tons were
hauled to the river mill, yielding an aver
age S47 g.. A small body Of worry rich
ore was found recently in the fourth gal
lery, and operations in the ninth are, it is
said, progressing satisfactorily. Receipts
of bullion since January LIST have mount
ed to $2l 1900.
Empire Mill and Mining Company has
been sold within q range of 5000, seller 90,
and 270 cash, closing at about $50. The
product of ore for the month Of December
exceeded 1000 tons, and the receipts Of
bullion amounted to some $4,000. The
average daily yield of the mine is now
about 10 tons, and the company are accu.
mulating a surplus.
Alpha rose from S2O5 to 2l7 SO, fell to
100, and sold yesterday at l90@lS5.
Hale s. Norcross has been dealt in with
in a range of S22O@29O, closing at 265.
Belcher fell frow $3.50 to l40, and closed
yesterday at 100. --
Chollar-P otosi has been dealt in to the
of some 900 feet, steadily declining
from $3.50 to l36, and selling yesterday at
l37@l471. During the seven months
November Both last, II, 1921 ons
of ore were sont to custom mills, produc-
ing in the aggregate, 397,664, or an aver
age Of 80 81 per ton, and l2,O2S tons
were sold at an average off 81 per ton.
The amount paid to mills for crushing
was 224, 1876, an average Of Is 3S per tom.
The actual cost Of mining the ore has been
l7l,596 l3-an average of 7 0S per ton.
The two small bodies of ore on the fourth
station Of the Chollar and the 485.foot
level in the Potosl have been entirely
worked out, and at present the ore is be-
lNR thkeIl lIOln lHc UOuleb Vi
ores, and the old workings in
the Rajazet ground, Grass Valley level
grass roots station, and the station be-
tween the third and fourth Chollar. Du-
ring the week ending January 9Th. 403
tons Of ore were sent to custom mills, BOG
tons were sold at eight dollars, and IS
tons at five dollars. The new shaft is now
timbered to a depth Of 538 feet, and the
drift to the ledge in ITO feet. ~nn''a'i'
Imperial is in rather better favor, ad-
vancing from Sl05 to ia, and selling
yesterday at ll6@llS. Receipts of bull.
lion last month exceeded $4,000 from
some 5000 tons Of ore. Out of the net
since November 30th, 3l,264
have been applied to the liabilities Of the
comdany, which now in the aggregate
amount to 81, 800, and will mature at the
close Of January, February and March.
Bullion rose from $50 to 81, and then
sold at SO so. ~ r-r--r,
Overman was dealt in at 1904 go,
at AZ. I9.ffs. I'D.
Sierra Nevada rose from 81 so to ID,
and sold yesterday at IL 5000.
Lady Bryan rose from 81 IS to 4 81,
to 2 so. and closed at about 3. hob
The aggregate sales Of stocks since Sat-
II -. -