Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-11-06
HILLYER,s WEEKLY STOCK
CIRCULAR.
SAN Francisco,

9AAAlAl
CIRCULAR.
SAN FRANCISCO,
SATURDAY MoRNINo, Nov. 8, 1866. )
The Money Marie. may be said to have
become q shade easier since the departure
OF the las. Panama steamer. The demand,
however, is still beyond the supply, and
rates in Bank continue to rule at l3@l4
3Y cent. per month. The line OF transac-
tons in mortgage loans is at present very
large-far in excess Of available funds
applicable to this purpose in u local
Savings Bank. We learn OF loans being
readily effected in the latter institutions at
II 4R cent. per month, and even higher
rates are mentioned. The movement OF
| coin to and from the interior has been as
follows during the first nine months OF
this year as compared with the Same Pc
Rod in 1865:
Coin received from INTERIOR. .. 81 9,Sss.. .ss.76s.3s9
Coin remitted to Observation-Disclosures
Added to interior circulation So S24.G6 S.I2''SS
The Internal Revenue receipts at the
Collectors Office in this city for the month
Of October aggregate $~l,l3S,o7l %. The
largest daily collection was made on Oe-
tober 3oth, amounting to $l3S,O32 80.
The coinage at the U. 8. Branch Mint
in this city, during the month Of October,
has been $2,2lo,O 900 in gold, and 100000
In silver-total, $2,3l2.000.
The mining share market acquired q de-
gree Of 6rmness during the past week little
looked for some time ago, and almost
| .v,fhnnk a-aaD,a- .haraa 1ara Anlh af n
considerable advance. This appreciation,
however, occurs to q more or less extent
as the monthly period for the declaration
Of dividends approaches; still there 10 q
more potent cause than this in explana-
ton of the present rise. It is found that
the lower levels on the Comstock lode
have not yet become exhausted, and that
recently some very satisfactory develop
ments have been made at greater depths
than hitherto attained. In this connec-
ton we might mention that late discov.
cries in the Savage mine fully substantiate
the existence OF valuable deposits of ore at
points not yet reached by the deepest
shafts.
Hale & Norcross still remains out Of the
understanding in firm hands. We
quote it at $1,000 bid, and 1900 asked.
In sinking from the 700 to the 7S0-toot
level a good body Of ore, i, is said, has
been encountered at a point 81 feet below
the 700-foot level. Up to the 29th inst.
1851 toni Of ore have been reduced, 66
per cent. of the assay value of which
placed at the company's credit STAG, 504.
This gives an average yield Of nearly S68
tY ton.
Savage has materially improved since
our last reference, opening at $l,260.
buyer 80. gradually advancing to 1906,
seller 8, then selling at still further ad-
vance at l,400. buyer 2, and closing at
1885. During the week ending October
9th, l,6l7 tons of ore were extracted,
1902 toni carried to the mills, and $50
tons left on hand at the mine. The assay
value Of bullion from the number of tons
mined as above 10 given at 76,646, which
is an average Of more than Al per ton.
We have interesting information in regard
to the developments Of this mine since our
last issue. In the sixth station, WINE
No. 2 has been prosecuted to q depth OF
% feet, and it 10 said that ore averaging
70 per ton has been found. On the upper
station, south mine, the ore seam has
widened to some 80 feet, and in the lower
station 1t 10 about Is feet in width, show
ing ore Of good average quality. On the
seventh station, from the old shaft, the
main body Of ore has been reached, which
also exhibits fine ore, and between thi,
point and the sixth level it 10 said 100 feet
Of ore have been developed. At the sec
ond station, Curtis shaft, 800 feet distant
from the point at which ibe main body OF
ore was reached in the Seventh level, the
southeastern end Of the same deposit, was
cut during the past week. These develop
ments, at a depth Of 666 feet below the
groupings. present a very favorable future
for this company. 1t is estimated that
the recent discoveries alone will supply
their present reduction capacity for two
years. They now employ seven mills
which reduce about 200 tons Of ore per
day.
Crown Point advanced from previously
quoted figures, selling at $l,0l0, improy-
ing to 81, 060, and at the close
$1,000 is asked. The ~inclines continue
in good ore, and the drift from the 400
foot station, it ia thought, will soon reach
the lode. During the week ending the
9th inst, 1856 tons Of ore were taken from
the mine.
Yellow Jacket sold at S630@63s, ad.
vanced to $676, buyer 80, receded to
S645, then rallied to $685., and closed
yesterday at $3.50. We have no informa-
ton from this mine Of a later date than
that given in our last issue-the Goth inst.
owing to certain d~elinquencies Of officials
in Nevada.
Gould & Curry improved from $3.50 to
$3.50, then advanced to $3.50, and at the
close we quote it at $3.50. We learn that
a few feet were sold at higher figures on
the street. The prospects Of this company,
it is said, are more encouraging ct this
period than for some time past.
Imperial steadily rose from So, buyer
80, to S98, closing yesterday at 500.
The Imperial and Empire shaft is now
down 656 feet, and 10 well timbered for o
distance of 648 feet. This shaft was com-
menced some ten months ago, and he's
now been completed in all respects to a
depth Of 600 feet, but from this point
downwards only three compartments will
be constructed at present. This shaft,
when completed, will afford hoisting facli-
tiles for all the Gold Hill mines. 1t 10 to
be continued, we learn, to q depth to 1900
feet, and to work at that point, q sufficient
power Of machinery is now being supplied.
The bullion receipts Of this company for
the month Of October, aggregate $9S. $50.
Empire Mill and Mining Company sold
early in the week at $97 so, advanced to
Sl20, and our quotations yesterday are
Sl25 asked. With the exception Of a
brief stoppage Of repairs to machinery,
everything is progressing we'll at the mines
Of this company.
Chollar.P otosi opened at 800, advanc-
ed to III 80, buyer Is, then sold at lll@
ll6, rallied to 1922, and closed yesterday
at ll8, I. 80. During the week ending De-
tober 2Sth, 63l IONS Of ore were forward
ed to custom mills. The sinking Of the
new shaft is still progressing, but, It is
said, nothing encouraging had been reach
ed at the above date. This company now
employs 96 men.
ophir sold at Ss5. buyer 10, early in
the week, improved to 9o@97 so. recsded
to So, and yesterday 80 was bid. We learn
frnm thia mine af