Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-09-11
STOCK TRANSACTIONS.
SAN Francisco, Sept. Ill Pm.
HlLLYER,s WEEKLY STOCK
CIRCULAR.
SAN Francisco,

SAN Francisco, !
SATURDAY MORNING, Sept. s, 1861
Monetary affairs continue to exhibit
the same features noted for some time
past. A good demand for legitimate pur-
poses, but the supply Of capital is album
dant, and acceptable paper is readily taken
in bank at l@l4 per cent. per month,
with occasional transactions at "a per
cent. ...s ...
The San Francisco Assaying and Rein
ing Works are again in active operation
all the required improvements having
BEEN made to their melting and refining
establishment on Brennan street.
The United States Sub-Trensurer IN
this city has sent East for Government
account, since January last, SS,oOo,ooo-
which figures ore not embraced IN the
specie exports on mercantile account.
The receipts Of treasure from domestic
sources have amounted to about Sl,OOo'-
900 since the lst inst. The yield OF the
silver mines Of Nevada, as well as OF the
quartz mines of this State, show no
abatement.
The financial affairs in London continue
to improve, and late Geographic adviceS
state that the Bank of England has re-
duced its rate Of discount to five per cent.
per annum.
There is very little demand for bullion
for shipping purposes, the market being
well supplied with both gold and silver
bars. The former are offering at S30@
$40, and silver bars are selling at about 2
per cent. discount.
Currency bills on the Atlantic cities are
offered at 20 per cent. premium on gold.
Sight drafts, payable in gold, are worth
about 24 per cent. premium, and tele-
graphic transfers are made at 81 per cent.
premium. Sterling exchange ranges from
| 49, to 49d. for best bankers bills.
Legal tenders are dull and inactive this
week, and small sales were made at 100
72t cents-closing yesterday at 72s. Our
latest telegraphic advices from New York
quote gold at LAG, and sterling at LOG
nominal.
The Mining Share Market, during the
past week, has manifested considerable
activity, and several leading stocks were
dealt in to o considerable extent. The
tendency Of quotations is upward, and
most shares arc now selling at enhanced
rates from prices ruling early in the week.
Hale & Norcross is still firmly held, and
no sales transpired in the Board the past
week. 1t is now quoted at $l,650 bid,
Sl,750 asked. Various portions Of tho
mine are looking exceedingly well, but no
new developments have been made re-
Gently.
Savage steadily advanced from Sl,075
to 1880. b 80, receded to l,ll5, then sold
at l,l35, closing yesterday at l,l60 bid.
During the week. ending Sept. lst l,oll
tons Of ore were extracted, and 93l tons
| shipped to mills; leaving 626 tons on
hand. The approximate value Of the
above l,0ll ons is estimated at $45, las,
cost of extraction SS,736, and reduction
S23,4l4 ; leaving IN estimated profit of
S23,0l4. For the month Of August the
actual profits Of the mine arc stated to be
| about $780, 600. In making the above
estimate 2d.class ore is valued at $50 per
ton, and 3d-class at S36. The south drift,
in the Curtis shaft, is penetrating unpro-
ftable spots Of ore. The Superintendent's
report says, "the ground is hard both with
US and the Hale s. Norcross, 80 that it
will probably take three weeks TO con-
meet" The Atchison Mill now reduces
about As tons of ore per day.
Crown Point has receded from our last
quotations, and a few feet changed hands
at 5000 and $50, closing yesterday at $50.
For the week ending Sept. I'd, COS tons OF
ore were extracted from the mine. The
drift south, on the 300-foot level, and the
north, middle, and south wines, are look
ing well. The drift from the 400-foot sta
ton is now in 2l3 feet, still leaving 200
feet to penetrate before striking the vein.
| The suit Of the Kentuck vs.. this Company
has been settled for the sum Of $4,000.
Gould s Curry has met small sales the
past week, and at the close is held OF $40
per foot. The official figures give the re-
ceipts of bullion for the month Of August
at Sl34,395 %. The incline from the I'd
to the 4th station has not yet been COM
| pleted, and not until then will a thorough
search be instituted to ascertain the guam
tity of ore in the rich seam lately passed
through.
Yellow Jacket haa been more actively
dealt in since our last report, over 200 feet
changing hands, advancing from S7723
to 100, recedlng to IT'S, rallied again to
100, then sold at 749@757a, closing yes.
terdvy at ITO. In the absence Of official
reports, o telegram, dated September Sd,
says: MINED $500 tons last month /;
gross yield, $500, 0oO." This is for the
entire month Of August, and gives an av-
erage Of a fraction less than $42 per ton.
This, it is thought, will leave a net profit
OF nearly $40 per ton.
Ophir has met with a slight decline,
opening at $2l0, receding to 1877, then ad-
vancing to 1876, and closed yesterday at
2l0, b. 80. A contract has been let by
! this company to sink the shaft to a further
| dept of 100 feet, in order to get at the body
Of ore below the 9th level, opened by
means Of a wiuze. In the It'll level a
body Of ore has been found which prom
ises well-lst class paying, 1t is thought,
5000. and I'd class $40 per ton. There
are about 700 tons of ore now at the COM
pany's Washoe works and mine, which, It
is believed, will yield about $4,000 in
bullion. The working expenses Of the
mine, heretofore quite heavy, have been
very materially reduced, and the receipts
for the month Of September will be larger
| than usual.
Chollar- Potosi has exhibited considera-
BILE animation this week, and some 200
feet were sold ; opening at $3.50, 8 go, ad-
vancing to 1876, then dropping to 100,
again selling at 1876, and closing yesterday
at 1876. During the week ending Septem-
Der lst, 4784 toni OF ore were shipped to
custom mills. The several stations Of the
mine present no new features requiring
special mention. We have 1t from a reli-
able source that no assessment is thought
of a, present, as rumor would have it last
week.
Imperial has advanced a trife, selling
early in the week at 800, advancing to
800, and closing at Sc bid.
Belcher changed hands at $ll5@l27,
then sold at l26, closing at 100. Conf
dence has commanded better figures, grad
ually rising from SAC, 8 80, to So, and
selling yesterday at 81. Overman has
changed hands to a large extent, improv-,
Ing somewhat from previous quotations,
selling within q range Of gil 20@l4 so
the past week, and closing at II 26.
Bullion met with Small sales at S29@25,
and closed at %. Sierra Nevada rose
from 80 so to 6 rs; Daney was sold at