Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-08-14
HlLLYER,s WEEKLY STOCK
~ CIRCULAR.
SAN Francisco,


SAN Francisco,
SATURDAY MORNING, Aug. II, 1861
There is more activity in the money
market, without, however, any appear
ance of s~t,ingency. During the past sixty
days the shipments of treasure to New
York, England, China, etc., have amount
ed to 50, $50, 900 and the receipts from
domestic sources, including coin, have
not exceeded s 1000, 900. If thu. ship
meets of coin to the interior be added to
exports, the aggregate drain upon our re-
sources for the past two months Will DO
fully 49, 900, 600 in excess Of the actual
receipts of gold and silver. In other
words. the production Of the precious
metals has been twenty per cent. less than
the demand for commercial purposes; in
volving, also, the loss Of considerable
sums Of coin. The effect Of this is, we
think, already apparent in some quarters.
and if the export demand for bullion does
not soon materially fall off, a less easy
money market may be reasonably antici-
pated the ensuing Summer and Fall.
Rates Of interest rule at l@l4 per cent.
per mOntn IN Oank.
We learn that a dividend of l per cent.
has been declared upon the capital stock
of the Bank Of California for the month
Of July.
Receipts of treasure from the interior
mining districts since the date Of our last
reference, amounted to some 5000, 900.
The Sub-Treasurer in this city has shipped
East, since January lst, $6,6O0,o0o for
Government account.
The market is well supplied with bull
lion. and the shipping requirements are
less active than for some time past. Gold
bars are selling at $50, ana even lower
figures are. reported. Silver is quotable
at about par for round lots.
Currency bills on the Atlantic are Of
fered at AZ per cent. premium on gold.
Sight drafts, payable in coin, are selling
at q per cent. premium, and the rate Of
Geographic transfers has been advanced to
4 per cent. premium. Sterling may be
quoted at 4S4@4sad for best bankers
bills.
Legal tender notes continue dull and
inactive. Small sales this week have been
made this week at 7ls@72ic; closing at
the latter rate asked. Our latest tele-
graphic advices from the East. to the 9th
inst, quote gold at 1881.
The mining share market has been char
acterized by a fair degree Of activity, and
nearly all stocks were well maintained.
Hale s. Norcross was dealt in at 81, 900,
seller 80, closing at 1850, bid. The total
product OF the mine last month amounted
to 2,739 tons of ore, and IS per cent. OF
the assay value of which ~(required Of the
mills) exceeded $~l4l, DOC. A dividend Of
$40 per foot was declared yesterday for
the month OF July, leaving 10000 sur
plus at the credit Of the company. In
drifting east some l25 feet from the shaft,
on the 400-foot level. q promising seam OF
pay ore has been found.
Savage has continued to improve, ad-
vancing from $1,000, ex-dividend, to
1885. buying 80, then selling at l,l9o,
and closing at 1920. During the week
ending the 4th instant, 90l tons Of ore
were extracted, and 766 tons shipped from
the mine. The total cost of producing
| this ore is estimated at $9,034, and its re-
duction at Sl2.3l5. leaving IN approx
mate profit Of $4,000 for the past week.
| The balance at the credit of the company,
after the payment Of the last dividend. is
said to have been at least $4,000.
Crown Point vas sold at Sl,000@S86,
closing at 925, asked. During the pas,
month, l,649 tons Of ore were reduced as
| follows: At Petaluma mill, l431 tons
Marysville, $50; Golden Eagle, sos; Win.
| field, l43, and at Crown Point, 200 tons.
| The Rhode Island mill is expected to be
in operation on Monday next. Some 100
tons of ore per day are now being holssed
from the lower works.
Gould s Curry rose from 800 to 730,
apd receded to us. There is nothing new
from the mine worthy Of especial mention.
The reserves In the upper level still hold
out we'll.
Yellow Jacket advanced from $3.50 to
1924, receded to $3.50, and rallied to $50.
seller 80, then wac dealt in at 650@66O,
closing yesterday at 7O2@722. The pro-
duct Of ore last month amounted to $3.50
tons of second class, and % tons Of irst-
class. Some $3.50 tons second and 8 tons
first. class ore were worked, yielding, in
the aggregate, 1921, 700. The entire dis
bursements for July were S20l, 1926 90,
leaving a net profit Of $79,8s9 Sc.
Ophir has been tolerably well main
tanned, receding from $270 to 260, then
selling at 265@562, and changing hands
yesterday q. 266@272. The body Of ore
on the 9th gallery is diminishing rapidly,
but in stopeing from the Sd floor Of the
9Th station the indications are more prom
Using.
Chollar-P otosi is in rather less favor,
dropping from 1882 so to ITO, rallying to
ia, and selling yesterday at $50, buyer
S, The Santa Fe station is said to look
very well, and ID producing some good
ore. The Belvidere continues to yield %
tons of good ore daily. Operations be-
low the Potosi tunnel have been tcmporu-
rily suspended in order to repair the Po-
tossi shaft. The various drifts from the
new shaft are said to preSene no "encour-
aging features" as yet. During the week
ending 4th instant S3l1 tons Of ore were
sent to custom mills.
Belcher has been active within o range
Of Sl65@l40, closing at l49. Alpha rose
from 90 to l05, fell to s6, and closed at
95 bid.
Imperial advanced from S95 to 90.
dropped to o., and was dealt in yesterday
at Of asked. There are no tidings this
week from the mine. A dividend Of So
per share was declared yesterday.
Oyerman has not fuctuated materially,
and about 700 shares were sold at $500
40 so, closing at 80 per share. Bullion is