Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-05-07
HILLYER 4 C0.A wEERLx
STOCK CIRCcLAR.

San FRANCISCO, May s. ls66.-Capita.
continues abundant for al the legitimate
requirements Of the seasop, and the Bank
rates show 40 variation+-l@l4 ~ cent.
~ month being the PREVAILING figures.
Outdoor negotiations rple at ld@2$
cent. where parties are less favorably
known, and consequently more helpless
in the hands Of the money lender. Loans
upon mining stocks have been made with
more h~esitancy this week, and consider
able distrust is evinced by capitalists as
to the future Of some claims. The effect
Of this upon the Stock Market Combined
with other causes), has been depressing
but healthful for the mining interest by
checking purely speculative operations
and directing attention more closely to
the actual condition and merits Of the diff
ferent companies.
Receipts of treasure from domestic
sources are fully up to the usual average,
and since Saturday las, have exceeded
$95o,000. The product OF Nevada, last
month, amounted to $l,lo0,0oo, and the
aggregate recorded receipts Of bullion in
this city were about $4,000, 600, during
the same period. Bullion has met with
no especial inquiry this week, and rates
are substantially unchanged. Gold bars
s40@s6o. silver, 4@l tS cent. premium.
The Mining Share Market has been
characterized by considerable activity,
but, with scarce an exception, nearly
every stock on the list still further de.
clined early in the week. The short in.
terest inaugurated last week with so much
vigor his continued to attract attention,
and sellers option contracts are yet made
with some freedom. The prospective de-
mand, however, for stock for future de-
livery growing out Of these sales, together
with the favorable tenor of advices from
certain claims, have impaired rather more
strength to the market since Thursday,
and it is thought that a rally will now
take place.
City shares are growing in favor, and
for the most part are strongly held at en-.
HANGED rstes. San Francisco Gas wal
sold at sos, and 10 now held at ITO,
California Steam Navigation rose to 6s3$S
cent, and Spring Valley Water to $67$
share. The latter company pay q divi.
dend on the 10th inst. North Beach and
Mission Railroad is held at $6l, and On
nibus was dealt in at $50.
Crown Point 10 dull and inactive /; small
sales werp made at $l,26o, closing al
about 1880 bid. During the week ending
2Sth ult., 746 tons Of ore were extracted
No material change has taken place In
any portion Of this mine. The south in
cline is down some ten feet in q "faii
body Of good ore" and the south drift II
again underway. Receipts OF bullion fol
the moath Of April exceeded 100000
and a dividend Of $50 $' foot will proba'
bly, he declared on the 10th inst. The
sui. Of C. L. Low vs. Company, involving
a title to hfty-six feet Of stock, is now or
trial in Virginia City before his Honor
Judge Rising.
Savage was sold a. 81, and /,
now held at 1856. In the week closing on
Saturday, 466 toms Of ore were taken from
the mine, as follows: % tons frst.class
303 tons second class, and 1872 tor goot
quality Of third.class The best portion
Of the body Of ore in the 9Th level has now
been reached, showing, it is SAID, q width
Of 20 feet. In going north on this ore.
seam the quality improves, but with lest
width, and q few feet south Of the pros.
pecting drift the indications are also
thought to be Aattering. The upper
works are still producing a little ore, and
rs tons frss-class worked recently from
the Po,o,i chimney yielded $3.50 ~ ton,
The ore from the latter 10 found Al feel
above the fourth station, and at a small
distance east Of tho old Savage works al
that level and close to the Gould 8 Curry
line. The old shaft is down some rs fee,
below the 9Th level, and good progress is
being made in sinking the two southern
compartments of the Curtis shaft.
Hale s Norcross receded from Ss4o
cash, and $40, buyer 80, to 9l0, and then
sold at 9l5. There is no new feature in
this mine so far as we are informed. The
incline from the seventh level is down So
feet, and at is feet greater depth a drift
will be started for a new station-765 feet
vertically from the surface. A dividend
Of $50 ~ foot will be declared on the
10th inst.
Gould s Curry fell from $3.50 to 1875,
and then rallied to $50 bid. In the north
branch drift, second station, q considerable
body of water was met with on the 29th
ult., but Is now said to be subsiding. The
south end Of the upper works is said to be
looking well aud a fair show Of ore will, it
is thought, extend to the surface. Re-
ceipts Of bullion last month were $l43,-
900, and the ore crushed, chiefly at the
Company's mill, averaged about $40 $
ton. There is q prospect Of q dividend OF
500 IT, foot some time this month.
Yellow Jacket has been active at Auc-
tuating rates, and some 200 feet were dealt
in, receding from 1886 to 665, rallying to
1876, and selling yesterday at 6859705.
During the two weeks ending April 23d,
l,788 tons Of ore were extracted, but no
returns have been made thus far Of the
average yield }$ ton. The Wine sunk
from third level, north mine, is now down
some As feet and is said to be in good ore,
and in the lower level Of the south mine
the indications are thought to favor the
existence Of a large body Of ore.
Ophir has been quite Q feature Of the
this week. and nearly 500 feet were
sold, steadily declining from $40 to
500, rallying to $50, dropping to $50. and
changing hands yesterday at 62l@606. In
running north from the ninth gallery the
Rrst, second and third floors have shown
some deterioration this week, but the ore
in the third extends further north than
the first floor. and the same theory will
doubtless hold good In stoplng and drift
ing upon the upper floors. There is no
material change in either the east or the
west drifts from that gallery, and little or
no difficulty is apprehended with regard
to water. In-she eighth the south drift Is
progressing slowly. The sixth gallery is
said to look well, and a reliable body Of
ore will. it 10 thought, be found at that
level. In the eth the drifts have met
with quartz, but no ore as yet. Receipts
Of bullion last month amounted, In the
aggregate, to $4,000.
Chollar Potosi steadily declined from
1915 to 295, rose on Thursday 70 $50.
buyer 20, and sold yesterday At Sl7@alS.
advices would seem to indicate no
important change in any Of the stations.
the week ending 9th ult., 773
toms Of ore were sent TO custom mills, and
1873 tons were sold at $6 tY ton. The