Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-05-28
HIIr sToek Z c SG;ss : XE.AhA
BAN Francisco,


There is no apparent diminution in tho
amount Of capital offering for loan pur-
poses, but the demand on such securities
as the bankers are willing to accept, il
lighter than usual. Business require
.ments are moderate, and good mercantile
paper 10 readily taken at ! ~ cent. 81
month. Some important loans have been
made upon frat class collateral at 10 ~
cent. $#P annum, and ever more favorable
terms to the borrower are reported. This
decline In rates Of interest has been antic-
ipated for some time past, and will exert
a stimulating influence upon many inter-
eses in this city and throughout the iute-
rior. It is not only an evidence Of the
faith capitalists have in the permanency
and, safety of all our interests, but shows
there is abundance of means at hand for
the prosecution Of every legitimate enter.
prise.
Receipts Of treasure from domestic
sources since the date Of our last refer.
ence, amounted TO Ssoo.oo making an
aggregate Of $500, 900 thus far during
the current month. rr
There has been some improvement in
the demand for Bullion this week, and o
large shipment is anticipated next steamer
day. Gold bars are selling at about $3.50,
and silver has risen to l4@l3 " cent.
premium for bars of average Hneness.
Legal Tender Notes declined from 77tc
to 743e; then sold at 76c--closing at 74ac
bid; 700 asked. Largo sales Of 1905,
June issue, were made at T1@763-clo-
sing at III bid. --latest advices from the
East quote gold at 1877, with q still fur
Their rise probable, in view Of the financial
crisis abroad and the continuation Of
large shipments Of specie from New York.
The Mining Share Market experienced
q fresh stampede early in the week, and
nearly every Stock declined materially
from prices ruling previously. A slight
rally took place on Wednesday, but since
then this improvement has not been main
tanned, except in a very few instances.
Little or no attention seems to be paid to
the intrinsic value Of some claims, and
until q better feeling is i%naugurated, no
permanent improvement Is likely to take
place. 1t is, therefore, useless to specu.
late upon the causes which have led to
the present Generalization Of the market,
or to predict what the future may evoke.
Crown Points dull and inactive at $3.50
buyer 20 and 80. Some 80 feet Of the
shaft has been r%e.timbered and the new
reels have been at work since the 10th
inst. During the recent temporary sus-
pension Of active operations in the mine,
most of the mills employed BY the Com
pany were kept at work, and the receipts
Of bullion this month will probably equal
those Of April. Some 10 tons Of 6rst-
class ore, worth from $500 to $3.50 per
ton, will be treated during the current
month.
Savage declined yesterday from $500 TO
$40. Advices continue favorable, and
receipts Of bullion since the lst inst, have
amounted to $4,000. The average pro-
duct of tie mine, mainly from the sixth
level, 10 now about 80 tons per day. The
last crushing of 24l tons of ore at the
Savage Mill, yielded S43 rs per ton.
Hale & Norcross has not been subjected
10 the decline incident to nearly all other
stocks, being steadily maintained within
q range of Ss55@s7o, closing at $3.50.
This mine is producing daily, about 70
toms of ore, and in raising up, its quality
is said to show some improvement. The
slopes from the lower level have been ex.
tended to the l4th Aoor-a hight Of abou,
80 feet. a.
Gould & Curry is in less favor, declining
from $3.50 to $3.50 then offered at $40,
and closing at S725 bid. The upper
works still disclose a very considerable
body Of good ore, and the yield Of bullion
thus far during the current month, is fully
up to the usual average. The water in
the different drifts, from the lower stations
has been subdued, and further explora'
tons can now be made withou, difficulty
The Company have a surplus at theii
credit of about $4,000.
Yellow Jacket steadily declined from
$3.50 to $500 rallied to $646; dropped
to $3.50, and sold, yesterday, at $6l0@
sos. The yield Of bullion in Apr
amounted to Ss4.s27 % the other re,
ceipts were S6,Ss2 81, and the balance a'
the credit of the company on the lst o
that month wal Sll,237 SO; making ar
aggregate of $l0l,9 57 As. The disburse
ments for current expenses, during tn,
same period, amounted to $s6,6l9 43
leaving a balance on hand, 30th inst, o
S5,S3S o.. The company's mills crushed
in April 2,2Ss ons of ore. yielding $751;
1903 Tan average Of $22 81 ~ ton
and 100 toms third-class. averaging gu
If ton. Outside mills reduced LIS toni
Of second. class, producing S3l,473 81, Of
an average Of Sl8 81 ~ ton. The cost Of
working 2.ll3 tons of ore at the Yellow
Jacket Mill was gil at ~ ton. During
the first two weeks Of May, 1910 ons o.
ore were extracted from the mine. an6
the yield Of bullion amounted to S33, 929,
Ophir has been depressed, and some $50
feet were dealt in, declining from $426 tc
$3.50, receding to 1886, and selling yes.
terday at S360@3771. Latest telegraphic
advices represent the lower level south a.
rather more favorable. and other portions
still promising. Receipts Of bullion
thus far during the current month have
been as follows: From the Woodwork
Mill, $3l,966; Reduction Works, $780,.
600, and from Lands Mill. 5000 ; in ali,
S67.l56.
Chollar-P otosi has been active at lower
rates, and nearly 500 feet were sold. reced.
ing from $3.50 to 1895, rallying to 1921,
buyer 80, dropping to $296, and then
selling at S2eS@2s6. The different sta
tions are said to be looking well, and from
the Belvidere ground it is thought that a
"large amount Of good ore can now be
taken" In drifting from new shaft clay
is still met with. and quartz may soon be
reached. During the week ending 10th
inst, 1900 tons Of ore were sent to Gus
tom Mills. 81
Belcher fell from s27o to $ls6, rose to
S2l6, receded to Sle6. and sold yesterday
o. Sl75@l921. Alpha met with triAing
sales at Sl90-assessment not delinquent.
Empire Mill & Mining Is well held at the
close at about Sl66 ~ share.
Imperial declined from Sl28 to $ll2i,
rose to $3.50, receded to Sl24, and sold
Yesterday q. $l24@l23. The drift. from
the old shaft toward the 7th level 10 in
some $50 feet. Receipts Of bullion for
the first half Of this month, were S2S,.
1878 Al.
Overman fell from $ee to $40, rallied
to S63, receded to $47a, and sold yes.er-
day at $4,000. Bullion declined from
STA to sos, rallied to $76-asses,ment
delinquent-and sold at the close at $76.
Confidence has been sold at A32A30. and