Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-08-21
HlLLYRR,s WEEKLY STOCK
CIRCULAR.
SAN Francisco,

sAruaDAY MORNING, Aug. 10, 1885,.
.ghere is nc decided change to note !
the condition of the Money Market, al
though the applications for discount IN
Bank this week are thought to be rather
less numerous than for some time past,
and greater ease may now be anticipated
Receipts of Treasure from domestic
sources, since the date of our last report,
have been rather larger than usual, and
exceeded 81, 600, 900, making an aggregate
Of 49, 900, 600 thus far during the current
month.
The market continues to be well sup
piled with Bullion and the demand not
active for shipping purposes. Gold ears
are quotable at about $40, and silver is
ranging at 4@i }' cent. discount for av-
erage grades.
Currency Bills on the Atlantic are
offered at A {Y cent. premium on gold.
Sight Drafts, payabls in coin, are selling
at 81 R cent. premium, and Telegraphic
Transfers are made at 4 tP cent. premium.
Sterling Exchange is quoted at 4S4@4Std.
for best Bankers bills.
Legal Tender Notes are dull and inac-
tive, and trifing sales were made at 7ld@
7o3c., closing at 701c., bid. Our latest
telegraphic advices from New York to the
10th inst, quote Gold at l5l3@l5li.
The Mining Share Market has been
somewhat depressed this week, and with
scarce an exception every stock on the list
was sold at a decline. There seems to be
no material abatement in the yield Of Bull
lion from prominent claims, and so far as
we can learn there have been recently no
%unfavorable developments worthy Of spe-
cial mention.
Hale & Norcross has met with no sales
this week. This stock Is now rarely Of
fered, being in the hands of strong holders
who arc indisposed to cell except at full
rates. From the LIST to the 18th inst.
LILO tor of ore were delivered at differ
ent mills, and 65 {Y cent. Of the assay
value Of which has averaged $50 " ton.
A dividend OF $75 per foot was paid OF
the 10th inst.
Savage has been dealt in at h~uctuating
rates, declining from $1,000 to l,l25, raj
lying to 1900. receding to l, $50, and selling
yesterday at l70@l. lac, b. 80. During
the week ending the llth inst, S96 ons
| Of ore were extracted. and 500 were ship
| ped from the mine. The estimated value
Of the ore extracted was $4l,404. The
approximate cost of its production, $9,l 60,
aud It's reduction Sl2, 100, leaving an esti-
mated profit for the week Of more than
100000. This ore was chiefly taken from
the sixth station, and its quality is better
| than for some time past /; second class pay
ing about 800 {Y ton, and third class is
S35 to 40 {' ton. On the sixth station,
the southeast face Of the drift is improv-
ing daily, and a large body Of ore is also
being opened in running north. Both Of
| the compauy's mills are now running reg
| ularly, and are likely to crush 1000 tons
| Of ore this month, at o cost not exceeding
| Sl2 IT, ton.
Crown Point rose from 1925, buyer 80,
to 945. buyer 80, declined to $50, rose
to $50, and closed at about $50 asked.
During the week ending 4th inst, 5Ss
tons Of ore were hoisted from the mine.
The drift from the main shaft-4th sta
tion-is now in about 100 feet.
Gould & Curry declined to 800, rose
to 740, closed at $50 bid. Receipts Of
bullion for the first half of this month
exceeded $53, 900. There has been some
improvement in the quality Of orc re-
duced recently, which has averaged about
$40 per ton.
Yellow Jacket has been more active,
and some 100 feet were dealt in, advance
ing from S7l5 to 748, steadily roceding to
635, ex-dividend paid on the 10Th inst,
and selling yesterday at 6309636. From
the lst to the 9th inst, inclusive, Is tons
first class and l,497 tons of second class
ore were extracted from this mine. The
yield Of bullion for this period, from par
tial returns, amounted to $26,826. The
total cost Of the reduction Of 2,036 tons
Of ore by the Yellow Jacket mill last
month averaged $ll Is.
Ophir has been much less in favor, and
nearly 100 feet were sold, steadily declin-
ing from 1896 to 2l0. iallying to 2l7 so.
and changing hands yesterday at 2l7 so
| @22o.
Chollar- Potosi has been more active and
tolerably well maintained within a range
of $3.50 and l73, closing at l73. No ma
terial change to note in any part Of the
mine. Operations are still suspended be-
low the Potosi tunnel, owing to repairs
being made to the shaft.
Belcher is also in less request, declining
from $50, buyer 80, to ITO, seller 80,
selling yesterday at l0S. There is no new
feature in this mine. Alpha was sold at
800 per foot. Empire Mill and Mining
| Company has been well maintained at 100
| Oils per share.
Imperial opened at S97, receded TO SS,
ex dividend Of SO per share. and closed
yesterday at 90. Recent developments
show an improvement in the ore Of the
Alta mine. The receipts Of bullion for
the first half Of the present month show
an increase Of $4,000, as against the same
period In July. The Lindauer mill is
new exclusively employed in working
tailings, of which there is a large supply
at the Rock Point mill.
Confidence wal dealt in at $62@50 so,
closing at 81. Overman has attracted
less attention, receding from $40 so to
20, rallying to 81 so, then selling at 20 so,
and closing at 81 so. Bullion is in rather
more favor, advancing from 1924 to "a,
dropping to 80 so, and selling at the
close at 81.
The aggregate sales Of stocks, legal ten
der notes, etc, since Saturday, amounted
to $336,79l 25.
On FooIEs.-There are several men