Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-08-27
mLLynR,s $. F. STOCK CIRCULAR.
Mining Share Market.

Mining Share Market.
SAN FRANCISCO, August "a, 1867.
The mining share market hos been
quite sensitive during the past week,
developing general disposition to make
optional purchases, aud this at all times
has a tendency to produce less irmuess ;
however, most descriptions continue to
be well maintained, and the extended
sessions of the Board show a largely in
creased volume of transactions.
Grown Point continues to manifest
considerable activity under f~uctuating
prices, opening at $l,3oo@l, 1850, fall
ing to Sl,l5o, rising to Sl,34o, then
dropping to 81, l6O, and closing at ST.
243. EARLY in the period under review,
in going east from the winze sunk from
the 60o-foot level, three and a half feet
of pay ore were found, and including
the developments in the winze, opened
an ore body Eve feet wide. A late dis
patch says the wiuze is fifty feet in
depth and shows some improvement.
The south drift from this winze, now
about fifteen feet from the east drift on
tho soo-foot level, is said to be improy-
ing. The mine yields the usual guam
tity of ore, the average assays showing
as good a quality as formerly reported.
Chollar-P otosi was the feature Of the
week in stock circles, nearly l 800 shares
changing hands under the regular trans
actions Of the Board, rapidly rising from
$40 to SAP so, receding to $40, raj
lying to $3.50, then dropping to $685.,
improving to $427 so, and closing yes
terday at $429. During the week end
ing August 18th, 1900 tons of ore were
sent to custom mills, showing an aver
age assay value Of $50 per ton. The
rapid appreciation Of this stock early in
the week was due to the finding Of ore
in the new shaft at q depth Of $50 feet,
this being the greatest depth at which
ore has yet been done on the Comstock
Lode. On the Goth inst. this deposit
was a%scsrtained to be three feet thick,
and reported to be Of good quality, but
later telegraphic advices proved less
encouraging, and had the effect to de-
press the stock considerably for the
moment; however, we have still later
information which is Of . mort encour-
aging nature, assays of the ore found at
the bottom of the SHAFT showing q yield
Of over S65 per ton.
Savage has attracted considerable at
tention this week, and 10 in better re-
quest, opening at $2ls, improving to
S224, and selling yesterday at S223.
Kentuck has been less firm under
moro restricted transactions, declining
from $3.50 to $500, advancing to 1856,
then selling at $34s@345, and closing
at $347. The developments On the $780,
foot level, mentioned in our last issue,
have wideued to twenty feet, and are
stated to look we'll.
Yellow Jacket sold at exceedingly
f~uctuating rates, improving from $3.50
to Sl,o25, falling to $3.50, advancing to
$685., receding to Sso5, and closing at
$500. The meagre information at hand
regarding this mine is not Of an unfa-
vorable nature, and it is pretty evident
that "bear" operations contribute large
ly to the present depression.
Overmau declined from S92 50@77
so, and closed at S7s. Encouraging
news continues to be received at the Of
fee Of this company concerning the fu-
tureprospects of the mine. The receipts
Of bullion during the current month
to date, including shipments advised by
telegraph, aggregate about $4,000.
Empire has been quiet; small sales
transporting at $40.
Gold Hill Quartz is in better favor,
mostly selling al $3.50 per share.
Confidence advanced from $40 to Ss7
so, and at the close sold at 500. The
west drift, on the third level, was 345
feet from the shaft on the Goth inst,
and with tho exception Of a small mix
ture of clay and quartz, shows very lit
tic change. The present yield Of ore is
considerable. Late advices state that
in all probability the Winters ground
will be reached iu the course Of a week.
Imperial advanced from Sl35 to $l45,
then sold at Sl40 buyer 80, and closed
at Sl36. The Robinson suit, which was
decided against this company in the
lower courts Of Nevada-contrary to all
expectstions-involved the sum ofSl5o,-
900 ; however, counsel are confident the
decision will be reversed before the Su-
preme Court.
Sierra Nevada has been less active
this week, improving from $50 to A.,
declining to S35, and closing at S35. A
recent telegram says the mine is now
clear Of water, and work has been COM
menced IN the several drifts.
Alpha, two feet sold at $3.50. We
can learn nothing about this claim.
Belcher realized S220@l95.
Bullion sold at S35@3O, closing at
S3l.
Daney was sold to a limited extent at
$50 per foot.
The aggregate sales Of Stocks, Legal
Tender Notes, etc., since Saturday last,
amounted to $~l,s65,33l.