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Collection: Books and Periodicals > Mining & Scientific Press

Volume 11 (1865) (424 pages)

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Ghe Mining anil Scientific Press, 308 From the Stock Circular of Associated Bro San Francisco, Sarurnay Morwixe, November 18th, 1865. The. demand for mouey continues active, and bas been growing rather than diminishing fur some {ime past. Tleavy offerings have been in the market this week based upon mining and other stock collaterals ; and the requirements of the mereantile classes are still upon an extended scale. Fuuds on deposit haye also been drawn down to a lower poiut thau usual. Good business paper, however, meets with yeady takers, and there is capital enongh at hand for all the desirable securities offeriuz. But mouey-lenders are exercising great prudence, and continue to call in loans where a change of collaterals is deemed advantageous, in view of contingencies that may possibly arise. The bank rate of discount rules at 1144@114 % cent. per month, but ehiefly at the latter figure, with # [ull line. Upon the street borrowers are paying 114@2}5 %@ cent. per mouth, according to security or amount wanted, or the necessities of the case. Receipts of Treasure from the mining districts, during the week, exceeded $900,000, making an auygresate of some $2,100,000 since the Ast instant. ‘Vhere was no special inquiry for bullion early in the week, but a fair demand has prevailed the past day ox two. Gold bars have been ranging at 8$40(@@850, with exceptional transactions at higher figures. Silver bars may be quoted at 34 @ cent. premium to 1 @ cent. discount for round tots. ‘The mining share market continuese xceedingly depressed, and a further decline has becn established in nearly every stock on the list Little or no sustaining power is visible in any quarter, and confidence has for the momeut been so cffectnally shaken that few buyers are found courageous enough to enter the market ngain for a rise. So for as it is possible to obtain trustworthy information respecting the present condition and future prospect of a number of claims, it would seem that prices could not go much lower, and yet the acknowledged merit of some mines exerts bunt a slight influence npon their market volue. Iu other words, all dealers appear so panie-stricken, and the demoralization is so complete, that no regard is paid to the intrinsic value of any stock. A slight milly in some shares took place nt the @ ose. Gould & Curry, in view of the decline in nll shares, has been tolerably well maintained, and 12 fect were sold within a range of $1,075 @900, seller 30, closing at about $925 asked. The senm of quartz cut by the tuunel on the second station (625 feet Irom the surface), near the west wall, assayed some $59 % ton, and is regarded ns a favornble indication. The body of quartz found in the south drift, aud alluded . to last week by us, coutained only traces of pay metal. Alpha has been more active and 29 feet were sold, declining from $800 to $590, nnd then selling at $650. here is no material chnnge to note in the condition of this mine, but arrangements will svon be made to more thoroughly testiug the vnlue of the lower level. Yellow Jacket has been very largely dealt iu, and 105 feet were gold, declining from $675 to $500, rallyiug to $525, and changing hands yesterday at $545@$555. The total indebtedness of this company, October 31st, amounted to $290,677.68. Their immediate liabilities are $138,677.68, and $152,000 will mature in April and July, ‘1866. kers of the SF. Stock & Exchange Board. The receipts of bullion last month ainounted to $144,690, and the actual net profit(after a disbursement of $29,000 for whut are termed extraordinary expenses), was less than $5,000. Au nssessiment of $100 B per foot was levied ou the Lith inst. Savage steadily declined-from $780 to $475, then sold at $585@ $600, and was dealt in yesterday at $620. Some ’6i Ieet in all changed hauds. Work upon the shalt has continaed to interfere with uctive operations. but the-necessary repairs are to be completed to-day. and hoisting will at once be resumed upon a more extended seale than formerly. A large quantity of ore has been disclosed recently. Crown Point fell from $725 to $640, and closed at $650, within which range small sales were made. Belcher steadily declined from $430 to $285, selier 30, rallied to 300, and Closed at $290 asked. Ophir receded from $392 cash, and $400, buyer 30, to $310, then sold at $323(@@$330, and was held yesterday at $350, ‘The receipts ~ of bullion this inonth will probably exceed $50,000, chiefly the pro. duct of the 5th and 6th stations ot the south mine. Ore has been accumulating recently at both inills, and it is estimated that there are now 400 tons of ore, and 1,500 tons tnilings, on hand at the old Reduction Works, which establishment has beeu treating an average of over 20 tons % day since the 3d inst. ChollarPotosi rose from $310 to $320, steadily receded to $250 sold on ‘Thursday at $250, and closed yesterday at $255, at which rates nearly 200 feet in all were sold. The Grass Roots station is said to show cousiderable improvement Jately, from which portioit ol the mine about 30 tons of ore are now daily taken, yielding $37@838 PB ton. In the Bajazette Ground the old stopes are well timbered up, and the drift north is said to continue in splendid ore, disclosing a de_ posit 25 to 30 feet in width. Iu the sonth end of the 485-feet level operations are still suspended, by reason of the influx of water. Al} the waste in old workings of the Grass Valley stntion, it is thought, will do to extract pay ore. There is no change to note iu the 3d and 4th levels of the Chollar. he new shalt is now down 495 leet. During the week ending Nov. 10th, 475 tons of ore were sent to custom inills, and 524 tons were sold at $8 4 ton. Imperial has been more active than usual, and nearly 1,800 shares ehanged hands, declining from $156 to $127}, seller 30, rallying to $140, receding to 3132, selling on Thursday at $135@$13714, and closing yesterday at S146. ‘Fhere is said to be no material change in the appeurance ol any portion of this claim. Hale & Norcross steadily declined frou: $210 to $145, and sold yesterday at $145. Empire Mill & Mining Company rose to $170, fell to $150, and then sold at $152!¢ per share, Overman fell from $63 to $33, and closed nt nbout $34 % share. an assessment of $25 4? share waslevied on the L5th inst. Confidence declined from $77 to $50 48 share, and closes at about $52. North Beach and Mission Railroad was dealt in at $49@$47 B share; Firenmin’s Fund fusurance at $130 share, and Legal lender Notes at 6814 @683{c. The aggregate sales of Stocks, since Saturday last inclasive, amounted to $715,524. Sluctuations in Leading Blining Stuves for the past Six Months. April Ma May June . Juie June July duly . July) July . August) August) Sept. Oct. Name of Company. . 1th. fom. . oth . ase” . lor. © 20rd. st! Wwe, . oun, 30th, . Toe . aur . yer ae per ft.) 2,015 1,480 . 1680 . 1,525 1,625 1,645 = 1,750,750 . 1,730 1,500 . 1,500 1,475 (1,198 Ophir coq} pa 48) . . 850) 485, 50) 495 485 530 425 400 B91"R80 See c) 2,025 1,375 1,300 1,19 1,150 1,425. 1.375 1,400 1,310 1,176 1,22) 1,300 1,300 Potosi. 915 425 337 202 312 . 467 332 350 B95 48) 465 460 Cholla 425 490 50) Hale & Noreross. 40) 520 510 Sheba. seer eons eat Daney 7 Wide West wees os wees BD oN: . 3 Pride of the West. noo ann Bullion... .» . 175 195 Real dei Monte. , _ orado 2ane es eet SE eae ay 170 ¥ eva wat Jacket. 1,350 1,855 1,420 1,405 White & Murphy. ides 252 2b 221 232 1,120 1,115 1,150 1,130 875 910 815 1,925 -. 1,950 . 2,l0u 2,201) 6 shs Imperlal at 149 per share, 85. 15 shs Confidence at 77@75 per sliare. lsh Empire M & M Co, 162 per sh, 33. 21 shs Emplre M & M Go. at 170@169, 5shs NB & Mission R R at 49 per cent, 53. Aniount of sales...--..+.0.-$ 63,210 OC SALES OF THE WEEK BY THE & F. STOCK & EXCHANGE BOARD, Saturday, November 11. 72shs Ophir at 39232@388 per toot. 46 shs Ophir at 400 per foot, b 30. 40 shs Daney at 14 per foot, 53. 24shs Alpha, QO. Tl., at 800 per foot. $1 shs Choilar-Potost at $10@320 per share. 5 shia Chollar-Patosl at 320 per foot, b 3. 12 shs Chollar-Potosi at 319@315 per ft, 6 3. 14 shs Hale & Noreross at 210@215 per toot. 12 shs Crown Point at 725@710 per foot. 2 shs Yellow Jacket at 675 per foot. lsh Yellow Jacket at 675 per foot, s 3. 25 shs Overman at 62)4@83 per share, b 30. Bshs Overman at 62g per share, b10. 10 shs Overnian at 60 per foot, s 30, 90 she Imperial at 156@149 per share, 20 shs Imperlal at 154@149 por share, b 3, 45 sbg Imperial at 149 per share, a3. Monday, November 13, lsh Savage at 780 per foot. Ish Savage at 780 per foot, 93. 3 shs Savage at 800 por foot, b 30. lsh Savage at 770 per foot, s 10. 24 shs Ophir at 390 per share. . 12 shs Ophir at 88734 per foot. Sshs Ohollar-Potost at 310 per foot, b 5. 5 shs Chollar-Botos! at 309 per foot, r w3 shs Chollar-Potasi at 808 per foot. 5shs Chollar-Patosl gt 31§ per fogt, b 25 8shs Chollar-Petés] at 306 per foot. 12 shs Chollar-Potos! a 319 per fot. 1sh Yellow Jacket at 660 per foot, b 6, 28h Yellow Jacket at 850 per foot, 33, « 1sh Yellow Jacket at 640 per foot, s 3. lsh Yellow Jacket at 65 per foot. rw. 6shs Yellow Jacket at 630 per foot, rw. 2shs Yellow Jacket at 630 per foot. Ish Belcher at 420 per foot. Ish Beleber at 430 per foot. lsh Importal at 151 per share. $i shs Imperial at 149 per share. 42shs Imperlal at 148 per share. £5 shs Imperial at 147 per share, s 30. _ 10shs Imperlal at 148 per share, rw. 8shs Imperial at 14734 per share. 15 shs Imperial at 148 per share, b 2 5 shs Imperial at 151 per share, b 30, 4 sls Typperial at 147 per share. 10 shs Imperlal at 145 per share, s 30. 10 shs imperlal at 150 per share, b 30, Sshe Imperlal at 149 per share, b 30. 5 shslmperilal at 147 per share, b5. 5 shs Imperial at 148 per share, s 3. 10 shs Bulllon at 55 per share. 20 shs Bulllon at 5234 per sbare.
8 sg Overman at 55 per share, 93. . 10 shs Overman at 55 per toot. 15shs Overman at 5! per share, s 30. 5 shs Overinan at 56 per foot, 8 5. 10 shs Overman at 57}3 per share, D380. 7 shs Confidence at 75 per share. * 30shs N B & Mission R RB Co, at 47 per sh. lsh Cal Sten Nav Co at 74 per cent. 20 shs State Telegraph at 30 per share, 100 ihs Firemans’ Ins 6o, 130 per ccnt. $ 500 Legal Tender Notes at 69 per cent. AFTERNOON SESSION. lsh Savage at 740 per foot, 5 15. Ish Savage at 750 per foot, 5 30. lsh Savage at 750 per foot, s 3. 2 shsSavage at 740 per foot, s 3. Ish Savage at 735 per foot. lsh Savage at 725 per foot. & shs Savage at 730 per foot, r w. 2shs Yellow Jacket at 620 per share. lsh Yellow Jacket at 605 per foot, rw: 2she Yellow Jacket at 610 per foot. ro = Ish Yellow Jacket at 605 per toot, 83. 3 shs Yellow Jacket ot 603 per fuot. 29hs Yellow Jac ket at 6u0 per foot, 5 30, shs flate & Norerosa ut 199 ver root, 2shs Hale & Norerogs at 195 per foot. 2shs Male & Noreross at 19244 per foot, dshs Gould & Curry at 1075 per feet, rw, 20shs Gould & Curry at 1050 per toot, rw, 3 shs Betecher at 420 per fout, s 3, 9shs Belcher ut 420 per foot. 8shs Alpha, G. Il., at £09 per foot. 4shs Alpha, G. 11, at U9 per foot, 580, Ash Chollar-Potes! nt 309 per fout, rw, 2shs Cholar-Potust at 309 per foot. 6) shs Ophir at 385 per foot, 3 60. 26 shs Linperial at 149 per share. 2u shs laiperlal at 150 per share. 19 shs In)perial at 149 per share, s $0, 42 shs Imperial at 148 per share. 9shs Imperial at 1454, per share, 7 20 shs Iniperial at 147 per shore, 830, . Sshs Inperlal at 148 per share, 83, 10 shs Imperial at 148 per share, 1 w. Ish Imperial at 14732 per share. 5shs Imperlal at 147 per share, s 10, 5 shs Intperlal ut 147 per share, 9 15, Sshs Empire M & M Co. nt 16714 per share, . ty 10 shs Overman at 55 per loot. 2shs Cal Stem Nav Co at 74 percer ta Amount of sales ish Yellow Jacket at 55) per foot. 1 2shs Yellow Jacket at 460 per foot, 2shs Yellow Jacket at 565 per sh, 1 w, ishs Yellow Jacket at 56234 per foot. 3shs Yellow Jacket at 500 per shure, rw. Ish Yellow Jacket at 530 per fout, 5 8), 2shs Yellow Jacket at 545 per loot. 5 30, 2shs Yellow Jacket at 550 per foot. 2shs Yellow Jucket at 565 per foot, b8d. lsh Yellow Jacket at 550 per fout, 3 shs Yellow Jacket at 555 per foot, b 30, Ish Yellow Jacket at 550 per feot, b 3h 1shs Yellow Jacket at 540 per toot, rq. ish Yellow Jacket at 539 per foot, s 10. « Ish Yellow Jacket at 510 per foot, b6. Ish Yellow Jacket at 540 per fool, r w, Ash Yellow Jacket at 640 per share,s& 4shs Yellow Jacket at 545 per foot. ish Yellow Jacket at 540 per fuot, 910, sh Yellow Jacket at 560 per foot, 2shs Hale & Noreross at 190 per loot, \s ‘ iesibe 2shs Hale & Norcross at 200 per root, bse, . 2shs Hule & Noreross at 145 per toot. 8 sha Alpha at 810@705 per foot. 4shs Alpha, O. If , at 800 per foot. 4shs Alpha, 0. H., at 735 per feot, rw, 3shs Savage at 730 per oot. 6shs Beleher at 405 per toct. 9shs Belcher at 400 per foot, 5 5. Bshs Gould & Curry at 1060 ver foot. 5 shs Cliollar-Potosi at 306 per foot, rw. Ish Chollar-Poto6i at 306 per foot 4 she ChollarPotosi at 30232 per foot, 8% 3 shs Chollar.Potos! at 300 per foot, 8 3 2shs Chollar-Potoal at 298 per foot. Ish Chollar Potos) at 206 per foot. lsh Chollar-Potost at 290 per loot, 83, 2 shs Daney at 14 per foot, rw. 2shs Imperlai at 149 per share. 6 shs (mperlal at 148 per share. 5shs Imperial at 12544 per share. ly shs linpet ial at 148 per share, rw. 5shslmpertal at 148 per share, b 3. 15 shs Impertal at 147 per share, rw. Sshs Imperlal at 147 ner share, b 3. 10 shs Imperial at 149 per shnre, b 30, 10 shs Imperial at 146 per share, 5 3, 7 shs Imperial at 146 per share, 15 shs lnperial at 145 per share, rw. 10 shs Imperlal at 141 per share, 53, 10 shs Imperial at 144) ver share, r w. 5 sha Imiperlal at 14533 per shere. 20 shs Imperial at 145 per share, s 3. 6shs Overman at 64 per foot. 5 shs Overinan at 53 per font, lsh Overman at 5247 per foot. 6 shs Overman at 62 per foot. 5shs Overman at 50 per share, 830. 15 sds Overinan at 52 per share, rw. 16 shs Confidence at 70 per share. Sshs Confidence at 7232 per share, 6 shs Bulllon at 52 per share. 25 shs Bullion at 50 per share. 10shg Bulllun ut 60 per share, 8 10. 5shs Bulllon at 50 per shure, b 80, 5shs Empire M & M Co at 16244 per share. i 5shs Empire M & M Co. at 164 p.sh, 83. AFTERNOON SESSION. Ish Savaze at 700 per foot, 53, sh Savage at 6@675 ber foot. 2slis Yellow Jackel ut 525 per toot. shs Yellow Jacket dt 525 per share,s shs Yellow Jacket at 550 ver foo shs Yellow Jacket at 530 per foot, 8 3. sh Yellow Jucket at 550 per foot, b 80. slis Yelluw Jacket at 625 per loot, s 30. sh Yellow Jacket at 510 per foot, b3Q shs ¥cllow Jacket at 635 per foot, 33. shs Yellow Jacket at 580 per foot, s 10. sh oes G. H., at 775 per fuot,r Ws shs Belcher at 375 per foot, s 30. shs Iinpertal nt 144 per share. shs Imperial at 143 per share. shs Imperial at 142!,@142 per share. shs Imperial at M1@40 per share. shs liperial at 140 per share, 810. shs Imperial at 140@188 per share. slis linverial at 135@134 per share. shs Imperial at 130@129 per share, 930. sbs lmperial at 12744 per share, 9 3v. 18 shs Gyermon at 44 per foot 15shs Overman at 45@3444 per share. 10 shs Overnian at 473, @48 per loot, b 20. 80shs Overman at 45@43 per fool, 8 3. 20 shs Exchequer at lu per share. 4she Exchequer, at 6per shure 12shs Empire M & M 2shs Empire M & M Co. at 164 per share, 5 she EB. pee M & M Co. at 165 pr sh,r Ww. nilion at 45 per share. nillon at 43 per share, rw. shs Bullion at $24g per share eyererey fl a 5 ir 150 shs Fircman’s Fund at 130 per share. 7 + $147,553 00) Amount of sales, Wednesday, November 15, 2shs Savage at 650 per foot, rw. lsh Savage ut G0 per foot. lsh Savage at 625 per fvot. 2shs Savage at 680 per foot, rw. Bshs Savuge at 625 per foot. lsh Savage at 630 per frot, rw. 2shs Yellow Jacket at 520 per toor 3 shs Yellow Jacket at 511 per foot. 8 shs Yellow Jacket at 525 per foot. 2 shs Yellow Jacket at 525 per toot, s 3. lsh Yellow Jacket at 520 per foot, 3& shs Yellow Jackct at 545 per share, b 30. ‘0. at 16222 per share. 3. shs. Yellow ducket at 510@520 per Tt, 5 80. it.