Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-06-18
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SAN Francisco,

counts IN Ddnk arc peInhpob IutiieA u'otN
numerous, but the supply Of money il
abundant, and the rates remain as former.
ly-l@l3 ~ cent. per month for print
short paper and other good collaterals.
Mining share collaterals are still out o!
favor with capitalists. A few Of the bes'
such as pay dividends-are, however
still made the basis Of discounts, but tht
weakness Of the stock market, and the
almost total decentralization Of some shares
that a short time since held q high position
have greatly augmented the distrust o.
money lenders.
The latest telearaphio dispatches from
London represent o less favorable como
ton OF affairs than was reported a fe Y
days since, and although the Bank Of En-.
land had reduced It's rate Of discount q
10 per cent. per annum, additional failures
in banking and commercial circles had
occurred, and q feeling Of decided uneasi-
ness and insecurity continued to prevail
both in London and on the continent.
Preparations for wal in Europe seem to
be making much progress, both in the
shape Of ornaments and also with regard
to the means for meeting the expenses oil
the conflict. The best informed and most
intelligent foreigners Of this city, who, q
short time since, were willing to believe
that a war would not be the result Of pre-
sent negotiations, are now less sanguine,
and feel that matters have assumed SO
threatening an aspect as to preclude the
possibility Of a peaceful solution Of the
difficulty.
These difficulties abroad are not likely
to materially affect US on this side, and,
so far as we can learn, little or no capital
invested here on foreign account is likely
to be disturbed. A portion Of the means
Of some firms will doubtless ba sent home,
but the amount required for this purpose
must be uncomfortable, and the loss Of /,
will not be felt.
Receipts of treasure from domestic
sources since the 9Th instant, have exceed.
ed $4,000 making an aggregate of some
50, l5O, 1000, thus far, during the curren,
month.
The bullion market has been very &C.
tive this week, and bankers and others
have taken at full rates all that was offer.
cd. The shipment East, per this steamer,
promises to be unusually large. Gold
Bars are ranging at $Sso@s90, and Silver
may be quoted at li@2 tP cent. pre-
MUM.
Legal Tender Notes closed last Satur-
day at about &c.,, rose on Tuesday to
74ac., seller 80, then were sold at 100
73dc., and since at about 73c. Gold was
quoted in New York at 1873 on the 18th,
at l43 on the 18th, at LAC on the 18th,
and at l4s on the l4th. Large shipments
of specie abroad continue to be made,
with gold scarce, and commanding ! per
cent. interest per day.
The Mining Share market was decidedly
apathetic early in the week, but during
the past few days rather more life has been
exhibited, and a number Of stocks are now
in better request at enhanced rates,
There 10, however, an almost total absence
Of speculative inquiry among dealers, and
transactions at the Board have beer
lighter than for six months past.
Crown Point has met with no sale THU
week, but is well held at about 81, $50
During the week ending June 10th, 81
tons ofore were hoisted to the surface. i
is said that considerable frst-class ore hal
been disclosed recently, and that the south
DRIFT on the 800 feet level is looking par
ticularly well. The average yield Of 2,46,
tons Of ore last month was $44 per ton
and so tons Of frst-class ore averaged
S42s per ton.
Savage is in better favor, advancing from
$3.50, seller 80, to 995, buyer 10, ther
selling at l,0l0, and closing at l,026 bid
During the week ending June 9th, SO.
tons Of second and third. class ores wer
hoisted from the mine, the upper station
yielding los tons, and the balance coming
from the sixth station. Some little or
has been found in the north drift from TIT
sixth, and the VIM sunk 20 feet from tn,
latter 10 said to show good ore Throughout
the whole distance. The body Of ore il
that level continues to extend toward thu
northwest and southeast, and two months
work has not yet exhausted two floors o
the ten to the fifth station. The old shat
has been sunk 10 feet below the sixth
level.
Hale & Norcross has been sought for a
higher figures, and some 80 feet were deal
in within a range of S962@l 900, selling
Yesterday at 950@960, ex-diyidend of S6(
per foot. A decided improvement ha'
taken place recently In the quality Of IN
ore met with in raising up from the 7 {
feet level. The drift from the foot Of II
incline ESQ feet level) is vigorously unee'
way. ...-r..
Gould & Curry rose to S745@750, ant
closed at about 700 bid. There is nothing
new in the lower explorations, but thu
upper portion Of the mine continues &c
hold out remarkably well. In January
last the Superintendent of the company
estimated that some 10000 tons Of ore
could DO taken from the upper levels,
Since then more than that amount has
been extracted, and from present indica.
tons Il would appear that 2 5000 to 80, OoC
tons yet remain.
Yellow Jacket rose from $685. to $3.50,
receded to $6S74, rallied to 1876, and was
dealt in yesterday at $690@696. Private
letters speak fayorably Of recent develop.
ments, and it is probable that the presen,
balance at the credit Of the company will
materially increase at the close of the cur.
rent month.
Ophir steadily advanced from 1926 to
1854, and sold yesterday at $S56@S40,
The eighth floor Of the ninth gallery still
shows ore going South, but it is Of low
grade. The eighth gallery has been clean,
ed out, and the development Of the top o.
the ninth will thereby be much facilitated
Some 20 tons Of ore per day are nov taker
from the fifth station, and receipts Of bull.
lion to the 18th inst, amounted to $2l,'
600.
Chollar- Potosi has been actively deal
in, and nearly 600 feet were sold within
range Of $lS74@2l2, closing at about
$20S. The Pluto station is producing
about the same quality Of ore as formerly,
and the New Santa Fe station continue:
also to look we'll. The Superintendent,
reports, "in other parts Of the mine no
material change" also remarking, "it IL
pleasing to mention that the mine gener-
ally presents a more fattering appearance
than for some time past" The first sta
ton drift from the new shaft is in some
476 feet, but recent indications are thought
to be less encouraging than they were last
week. During the week ending the 9th
inst, e48 tons Of ore were sent to custom
mills. d
Alpha rose from $500 to $3.50, declined
A. Ao0n 81 aknn .alI - A06N