Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-08-07
WEEKLY sTo0K CIRoULAR,
SAN Francisco,

The money market continues abundant
ly supplied with capital at the rates cur.
rent for some time past, and the usual
bank accommodations for acceptable busi-
ness paper rule at l@l4 per cent.
Mining stock collaterals are obtaining
rather more favor, and bankers and others
seem disposed to admit a more extended
limit Of discounts upon this description
Of security than for some time past. With
our merchants and business men gener.
ally, the requirements for legitimate pur-
poses is moderate.
Receipts Of treasure from domestic
sources during the week amounted to
ST. loo, 900. and since the lst instant were
about 10000.
There has been no especial inquiry for
bullion since the sailing Of the last steamer,
and gold bars are freely offered at 5000
$40. Silver 10 ruling at about par for
average parcels.
Legal Tender Notes have been in better
request, advancing from II to 734, and
closing at about 72c. bid. Gold declined
in New York on the 3lst ultimo to l43;
since rising to l4Sa@l49; and quotable
yesterday at lJ9.
The Mining Share Market has shown
considerable strength since our last. A
better feeling is d%iscernable, and most
stocks are strongly held in expectation Of
q further rise. Tho aggregate yield OF
leading claims last month proves to be
larger than was anticipated, and from all
that we can learn, the probabilities favor
q still greater production the ensuing fall.
We are requested to call attention to
some errors which appeared in the anan-
cial column Of a paper Of this city a few
days since. It is there stated, in speaking
of the cost of materials incident to min
ing operations on the Comstock lode, that
22,2 1855 cords Of wood consumed annually
cost sixteen dollars per cord, and the
timber and lumber required during every
year-l6,6 SOC, 900 feet-was worth about
$40 per 1000. As is we'll known, a
number Of leading companies, for some
time past, have been furnished with wood
at Sl49l6 per cord, and the cost Of tim
Der has not exceeded $2S per thousand.
Hale s. Norcross has met with no sale
this week, but is strongly held at full fig.
ures. The appearance Of the mine is said
to be most fattering, especially 90 IN run
ming south upon the 636-foot level. Re-
ceipts of bullion from the first to the S0th
ult., amounted to $l39,8S3, from ais
tons Of ore-an average Of $6l % per ton.
Savage has continued to attract more
attention, steadily advancing from $946
to 1850, then selling at l,066, and closing
at l,067 so. A dividend Of $50 per foot
| will be distributed to the stockholders to-
day, leaving some % 5000 in the treasury
Of the company. The Atchison mill was
| recently purchased at o cost of 10000, to
be paid for in ten months, in installments
Of 5000 each, without interest. The ca
pacity Of the mill will DO increased to
fifty tons per day. During the week end
ing 2Sth ult., 8l2 tons Of ore were ex-
tracted from the mine and 1872 o
shipped, most Of which came from the
sixth station. The seventh station is be-
ing opened from the old shaft. At the
Curtis shaft the southwest drift is passing
through the clay seam which bounds the
Hale & NorcrosS seam Of ore to the east,
and ore will probably o o be reached at
that point.
Grown Point is in much better request,
advancing from 1916 to 1000, and clos
ing at 1000. asked. The main shaft has
been re-timbered to the surface. and pro-
vided with new cages. Hosting has be-
gun. The north incline is going down
slowly, but is said to "look remarkably
WE'LL. During the month Of July, l,400
tons Of Sd class and 500 o n I'd class ore
were worked at different mills.
Gould s. Curry was sold at $706, clos
ing at about 100, asked. Receipt Of bull
lion from the c~ompany's mill alone for
July amounted to $l26,000 being the
product of some $500 tons Of ore-an
average Of about 1888 per ton.
Yellow Jacket has been dealt in at en-
HANGED rates, advancing from 1886 to
666, and selling yesterday at 676@690.
We have no official report from the mine
this week, but learn that the yield Of bull
lion for the week ending the 2Sth ult.,
exceeded S65,00o, and that the aggregate
receipts for the past month will probably
reach $3.50. 900. A dividend Of at least
$50 per foot will be declared for July.
Ophir rose from $237 to 260, declined
to 266, and was dealt in yesterday at $50
@275. The newly discovered deposit OF
ore In the 9th station, can now be reached
with facility. Some ore has appeared
this week in the lower winze from the 9th
gallery lying against the east wall and the
seam widens, as drifted upon, towards the
north.
Chollar- Potosi has been moro active,
and nearly $50 feet were sold, receding
from $3.50 to 1855, rallying to $50 again,
and then selling at l80@l82.. In the va
rious stations throughout this mine there
has been no change whatever to note dur
ing the past week. The I'd station drift
is in some 800 feet and is still being
driven to the west. A seam Of quartz "a
feet wide has been met with, assaying 80
@3 per ton. During the week ending
28th ult., 666 tons Of ore were sent to
custom mills.
Belcher dropped from SlS6 to lo7, rose
to 100, receded to l40@l36, and was sold
yesterday at l5o@l6o. An assessment Of
$45 per share wal levied July 2lst.
Imperial is dull and inactive, and small
sales were made within q range of $9l@
"a, closing at SO. The last cleanup Of
the company's mills amounted to $27,694,
making ths aggregate receipts for the
month Of July about $4,000. The ore
from the red ledge in the Alta mine is said
to DO improving. +,
Oyerman rose from $36 to AZ, declined
to 40, and sold yesterday at SS.
Bullion wal dealt in at $S9d@42d,
closing at SO.
Confidence steadily declined from 1914
to 425, and sold at the close at Al. The
assessment of $26 per share. rescinded a
short time since, has been relieved.
Sierra Nevada was sold at S43@3s,
| closing OF 81. An assessment Of 81 per
share wal levied On the I'd inst.
The aggregate sales Of Stocks, Legal
Tender Notes, etc., since Saturday,
amounted to $6s6.646.