Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-07-16
nowARD,s s. F. STOCK CIRCULAR.
Mining share Market.

market has experienced a marked de-
preston. There does not appear to be
any well-founded cause for such a de-
cline. The statement Of the product OF
the mines, represented by these stocks,
gives evidence Of permanence and in
creased future value.
Savage continues to be well main
tanned, opening at S4,9s0, then selling
at S4,75o, ex-dividend Of $500 paid on
the sth instant, rapidly advancing to
$4,000, and at the close $4,000 is asked.
The ore extracted during the week end
ing July 9Th, amounted to 1929 tons,
the estimated value Of which is stated
to be Soc ,440, equal TO $40 IS e ton.
Of this amount the north mine, on the
seventh level, yielded sss tons; the mid
die mine BAT tons, and south mine 2Sl
tons. The short product Of the week
under review is accounted for by the in
PREVENTION of the Fourth Of July.
Hale / Norcross no sales; quotaole
at close at So, 200 asked. The develop
ments on the third floor Of the 70O-toot
level, and between the 700 and $50 feet
levels, are said TO disclose a very good
quality Of ore. The new discovery, east
Of the clay wall between the 700 and
$50 feet levels, is now four feet wide,
and continues as good as previously re-
ported. The drift from the 7s0-foot
level, running toward the new shaft, is
in $50 feet. The new shaft was 500 feet
in depth on the 7th inst. During the
month Of June the yield Of bullion was
Sll7,72s % from 1902 tons Of ore.
Yellow Jacket shows a marked de-
cline since our last reference, falling
from ST, 900 to $500, and closing yes
terday At 81, 900. A considerable quau-
tity Of pay ore is obtained from the north
mine, while 10 the south mine, 1t is re.
ported, the ore is decreasing in guam
tity and quality, about IS tons being
the daily product.
Grown Point has changed hands to q
considerable extent, rising from $3.50
to LOO, then selling at $1,000, and
closing yesterday at Sl,445. During
the week ending July 9th, 5l63 tons OF
ore were taken from the 400-foot level,
and 1876 tons from the 500-foot level.
The winZe from the 500 to the 6O0-fool
level is 81 feet in depth, and a cross-cui
from the winze was run 81 feet east,
passing through uufavorable ground.
Work has been discontinued at this
point for the present. A drift carried
east on the 400-foot level, near the Ken
tuck line, is said TO look well. The
oody Of ore on the 500-foot level has
been opened 81 feet in length, and is
said to look favorable al the south end,
but at the north end it has narrowed
down to about eighteen inches. The
cash balance in the treasury at the close
Of June amounted to $40, 234 %.
Gould i Curry advanced from $3.50
to S725, seller 80, then sold at 500,
and at the close realized S69l. In the
northeast drift, from the fourth station,
the clay seam still continues in the mid
die; the rock on either side Of it is soft
er and more damp than heretofore, in
dicating the probability Of striking
water. II is thought that the ground is
slightly more favorable for ore, as the
rock is more quartzose. The mine is
said to look well for a considerable
quantity ore. There are at the dumps
some 5000 tons Of ore, estimated to
yield about S2s per tor.
Kentuck receded from $685. to $500,
and closed at $3.50.
Chollar-Potos has been active 70 a
considerable degree, advancing from
S467 so to S4s5, declining to S435, sell
Ter 10, and closing at $3.50. We have
no material change to note in regard to
this mine.
Ophir opened 1t S34o, receded to
$500, and closed at $500. This COM
pany is taking out SOM ore, SIX differ
ent assays Of which, made Gu the 9Th
instant, show an average yield Of nearly
$500 to the ton. The drift in the. north
mine is being carried alongside the
ledge at the rate Of four feet a day,
which is double the distance made in
running it on the ledge. Cross-cuts
will be run through the ledge at in
~tervals.
0yerman continues to be actively
dealt 10, declining from S225 to Sl95,
seller 80, improving TO $3.50, and clos
ipg at $3.50. The annual meeting OF
the stockholders Of this company wal
held on Thursday last; 2,s2l shares out
out 1900 were represented. j. Rob-
bins, A. K. Grim, J. E. de 10 Montanie,
John Sine, and II. L. Hill, we're unani-
uously elected Trustees for the ensuing
year. Mr.. Moutaguie was subsequently
chosen President, and T. Norwood, Sec-
rotary. A series Of resolutions were
adopted %censuriug the late Board Of
Trustees for removing Mr.. Mccullough
from his position as Superintendent OF
the mine, and thanking that officer for
the efficient manner in which be had
performed his duty, aud indorsing
Messrs. Robbins and Moutagnie in op-
posing the action OF the majority Of the
majority ofthe Board. Mr.. Mccullough
was appointed Superintendent, and the
suit commenced against him by Mr..
Curtis for the possession Of the niue,
in the name Of the Company, WAS or
dered TO be discontinued. The balance
Of cash in the treasury, as near as II
be as~certained, amounts to more than
Sos, 600. Yesterday, at the adjourned
meeting, Messrs. Sunderland and Bar
ron were elected Trustees in place Of
H. L. Hill and A. K. Grim, resigned.
Belcher advanced from $3.50 to $3.50,
receded to $500, and closed at $3.50.
Imperial improved from S2lO to S2l4
.lo...- o..l,, C0I0
The aggregate sales of stocks and Le-
gal Tender Notes, ETC., since Saturday
last, amounted to Sl,469, 264.
An English laborer complains that
the words, "pauper labor Of Europe"
are often used uuthinkingly in this
country. He says that the prices of the