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Collection: Books and Periodicals > Mining & Scientific Press

Volume 18 (1869) (430 pages)

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The Mining and Scientific Press. pfs 2S Or Stock Remew. Weekly Stock Circular. By Ascoolated Brokers oftheS. ¥. Stook and Exchange Board Saw Faanctaco, Juua 26, 1869. Pinanctal. Thero lé no disgutsing the fact that onr local moncy market is somewhat stringent, although uo diffleulty is expericneed in making loans for legitimate purposes on scceptahlo paper, at 14{@1%5 per cent. per month; but speculative designs are frowned down, thoir projectors being compelled to submit to harder terms, When gold took its lait upward flight in New York large amounts were forwarded from here to secure the premium; hut it may be douhted whether tha operation was wise. It is true that merch was p d and placed in this market at greatly reduced figurea; hut tho market was bared of coin, snd the stringeney which succended exerted such a depressing cffect upon business that the bulk of tha gooda remained on hand, whlle the increased rates of money more than countcrbalanced any tomporary advantage gained hy heavy treasuro shipments to realizo the premium paid on gold at the East, Although the new crops arc commencing to make their appenrance we learn of uo concerted attempt to market them, ner docs there appear to be any great demand for mioncy to move them to the seaboard. It is generally beHeved that the financial pinch experienced for soveral weeks hns gone through its worst stages. Cases of individual tightness cannot be heid as iudicating tho actual condition of tha market; hut, liko all news of an unpleasant character, they create more remark and produce a senso of uncasincss for which if a reason were demanded uone ratisfactory could be given. It is very certain that bnainess 1a being done on a sounder basis, and although we learn of no very marked or notewortby transactions, the character of that which is dono is more satisfactory. Atoll eveuls we are, and have heen, in a for better diti ally and com lay, than the people at the East, The Commissioners of the Funded Debt of tho City of San Francisco hava sulinitted their cighteenth annual report to tho Board of Supervisors. From it we imake the following snmmary: Amonnt of Bonds outstanding at tho date of last report, June 4tb, 186%.. Fok 189,200 10 Redeemed during the past. year, 60 00 Loaving ontstanding on tha 31st ult..... ooo R1,188,600 00 These bonds hacome dno on the Ist of May, 1871, previous to which thero will he required from the City Treasury the sum of $237,720, to meet tho halance of tho interest accruing npon them. Of this amount $118,800 falls due the present fiacal year. The financial operatious of tho Board dnring the past year leave a net gain to the city, after deducting all expenses, of $117,330 97. The Sinking Fund on the 3lst ultimo amounted to $1,226,349 20. It is made up of the following items, the stocks owned hy the Board being sct down at their cost: Loans on Stocks and Bonds =. 793,930 00 Loans on Real Estate.. . + 86,330 00 $219, rn S xe i“ per cent. Bond: é 45 F200, 8. rcent. Bonds. . Fo9,089 13 B45. any leads, cla lara County < per cent Bonds.. 31,626 11.100 Santa Cruz Connty 10 per cent. Bonds. 10,450 00 $6.03 73 State Controller’n Warranta... 300 $3,000 M. R. R. Bonds (Page, Bacon & Oo.). 2,464 15 Cash on deposit with: Parrott & Co.... 13,045 21 tal. Sh ae se 99 renee dne on Loans and Inveatiments. 3,249 21 91.246,029 20 Losa Conpons dno but not preacnted... eeeee es, 19.686 00 Sov sneccsoned $1,226,349 20 ing Available Sinking Foud....... Slatement of receipts and dist Tho nueva nt itera an . of $1,003 over tha receipts in April. The recelpts of tha several com. panics in May as compared with April show the following difference: tat People’ The reccipts of the city eulironde for the montis of May and previously this year were os follows: Preotously May. this year, Omnthue.... eee > S277.456 $92,908 Nortb peac & Mission..,.. 26.834 89,988 Coutral . 9,192 OHS Fi Sa i 5 34,037 Market Street.. . Wasa 183 Potrero and Bay View 3.872 10,255 Totals... 9102601 § S3I1,064 Samo time in 18 86,201 292,822 Increase In 1869, + $16,400 $03,405 “gun 812 As compared with tia total recelpts In April, we fini o gain of $9,496. Tho reevipts of May os against Apri! show the following difference: Potrero and Bay Viow. Mining Share Market. With regard to mining stocks, the volume of transactions has heen considerably lessened ; however, during the week uuder review, tho sales partook somewhat more of a legitimate character, and were it not for tho continued tightness of the money market operations Would be greatly extended. The business in White Pine stocks Is on tho increase, and the sales now making are quite large. In the opening remarks of an extended review of the White Pine mines for the week ending June 19th, tho Daily News says: ‘In our rounds we also gatbered statistics for which we have no room here, snd ascertained from actual observation that Treasure Hill now employs 1,463 miners, who extract 435 tons of good milling ore daily, and that the supply of ore now lying upon the various dumps awaiting milling facilities amounts to 4,171 tons. According to milling tests of fair samples of this ore it yiclds under stamps from $100 to $600 per ton. We have shipped this week $65,078 63, and, with the ore on dumps and at the mills, we have about $1,500,000 left.” Govt & Cunry—sold to a less extent than last week, and at declining rates., During the week ending June 21st they extracted 283 tons of ore and forwarded 373 for reduction, leaving 297 tons on hand, Most of the ore extracted was taken from helow the main adit level. Stopped sinking of shaft on thei7th. The 7th station sills will bo 1,162 feet and 7 inches helow the top of the shaft, and together with the sump, which Is 20 feet deep, makes the total depth of shaft 1,182 feet and 7 inches. At various points in the mine prospecting is carried on, and ing indicati are tly met with. So far for June account $31,966 in hullion has been received, Harz & Norcross—was in the market at rather fluctuating rates, but at tho close exhibited some improvement. On the 22d they were retimhcring the air passage on the fifth level, from eross-cut No. 5 to its point of connection with tho Chollar-Potosi works, which would be completed in a few days, and tbeu will commence to Ivans, ete., of the Commissioners of the Funded Deht of the City and County of San Francisco, from June lat, 1868, to May 31st, 1869, inclusive: Balance of easb on hand per Bisiement of May 3 aa Sans 8 Real cetate taken to acoount, 1,158 20 RECEIPTS—1868-69, 252,443 94 Total... rrr eee eee ee+$1,969,540 02 ‘DISBURSEMEN TB, -S 121,905 &6 6u0 OW 2,400 00 j88i0 eluding an of 1831-58) clerk hire, offiee rent, Benue awards of land, notarial fees, etc..... 13,792 97 $ 138,698 83 Loana ontatanding at this date, towit:-On Stocks and Bonds $793,930 00 86.000 00 S87.535 YB 13,045 21 ———— 1,230,841 19 $1,969,540 02 City Stocks. In miscellaneous seeurities no sales of importanee have been made during tho past week. Eusrly in the week San Ifraucisco Gas stock realized $79 75 aud Spring Valley Water $65@64 25 per share. The par value of the stock of the California Insurauce Co. has been changed from $1,000 to $100 per share, the shares now numbering 3,000 instead of 200 aa heretofore. At the close, we uote gales of Spring Valley Water at $64 25@64 50 per share, and California Stes Navigation at 60 (huyer 3) per cont. Tho returns of our local insurance eompanies to the Internal Revenue department for the month of May and previously thls year have been as follows, upon a currency hasia of 74 cents on the dollar for the month of January, 773s cents for February aud March, 754s cents for April, and 734s cents for May; Previoush May. Total, . S109, 193 $492,657 41,481 Bea 58 . 47,480 California.. 9.445 Merchants’ Mutual Marino 28,381 3 Occidentai... 4 $5,225, Home Mutual Be 54,539 197 5 a __ ONE ANE, T7596 tal 31,080.05 th ot $1,321,205 a time in 1868. 826024 Increaso in 1869...... $135, $359,491 "$194,581 TO! it and exploro the vein in the south half of the mine. In the upper mine the 175, Santa Fé and 300levels are well opened, and are said to show large hodies of ore, which they are ready to remove in almost any desired quantities. During the week ending June 19th the upper worka yielded 131 tons of ore, and the lower worka 1,011. In the same time 1,243 tons wero delivered, leaving 1,281 on hand. CHoLLAR-Porosi—has maintained itself quite well during the week. For the week ending June 18th we have an ore yield of 1,762 tona, viz: New Tunnel, 747; Blue Wing, 696; Croppings, 180; Potosi, 139 tons. Sample assays show averagea of $132 to the top. No chango since last week in the Blue Wing and New Tunnel stopes. In the Potosi hranch drift to the Grass Valley deposit considerahle ore has heen found as the work is earried forward. The new shaft developments show porphyry and quartz, and at tho 1,100-level the drift to connect with the Hale & Norcross has heen carried ten feet over the line, ~ Inpenrat—sold moderately at declining rates. On the 22d inst. the Imperial-Empire shaft was £9 feet in depth helow tho 1,100-lovel. The hottom of the shaft is in hard porphyry, with a small increase of water and no indications of ore. The drift going south is in 117 feet south of the shaft, and is running in the ‘' east country.” They aro extracting ahout 60 tons of ore per day from the Alta mine. On the 23d forwarded $7,428 in bullion. Anapor ({Cal.)—sold at $280, Datea of the 22d state that the Badger drift had heen extended north somo 12 fect—the ledge in this drift showing 6/¢ feet of ore worth $45 per ton. The new south shaft haa heen sunk 18 feet, carrying a vein 16 inches wido, which ia gradually increasing, tho ore heing worth $18@20 per ton.—— Opurr drift is in 379 fect. -. <—_ Tur TEvecraPH In Caina.—The wires for the telegraph between Canton and Shanghai, is nearly ready for shipment. The line will probably be in working order during the present ycar. A line is already faradvapced through the Mediterranean via India to China, which it is proposed to connect with the Canton and Shapghai. When both these lines are completed, San Francisco will be in telegraphic communication with China. A still further extension to Japan will be a matter of course. «. Weekly Veekly Shareholders’ Dir Directory, for Meetings, Assessments and Dividends. [Complied for avary issua, from advartisements In the Minina amp Soixxvivic Puesn and othar San Francisco Jot Journals. j Comprise the Namea of Gampanies, District or County of Location; Amount and date of Assesament; Date ot Meeting; Day of Dalinquent 8aie; and Amount and Timo of Paymout of Dividends. ASSASAMENTS. RANK, LOCATION, AMOUNT, AND DAT OF PASTE bk Alphn Cons, Store aor ue 5, 133. a Blne Rose, Whito ine ‘May 3 Bullion saree £6, Nay, May 2 33, $id. Brodt, White Fine, June 23, 3c. Central, Storey co, Nov., June 35, $2.50. counts, Mexioo, June 19, $1.25...-. Cons. Chloride Flat, W, P. $i. Confidence, Storey co., Nev v4, $10 Cayuga Chiet, Wigte Pire, ae, 10¢. Danay, Lyon co., Ne » May 29, SL. Danio! We Ae WwW nite roe, , Stay 7, tia, White Pine, May ued dith, White Pino, Ma ‘io Evening Ster, White P! hecai rench, White Pine, May 4, 5c Cold HIN Q. Storey co. ‘May 1 Nopa Oravel, Nevada co , May 17, $1. IXL, Alpine co , May 10. $1 &). lia, Storey co. ., Nev. May 27, Kentuck, Sterey co . Ney, Lexington, White Pine, May 18, 15c. arlborough, Whiis Pino, May 4, See torning Siar, Alpine co., Mn. ae laxwell, Amador co, Ma yi Mammoth, W ite Pine, May hee 2h lagonta, Whito Pine, Juno 24, Ie .. » Wahogany, Whito Pine, June 17, We Metropolitan, white Pine, May 26, $1.56. Noonday, Whito Pinc, ae 1h, Bile. North Star, Nevada co., Ju 6 4, $20. NorthStar, White Pine, ay oe Tie North Bloomécid, Nev. co, May 18, $1 50. Overman, Storey co., Nev., May 15, $20. Ophtr, Storey co Ney., M Ay 18, $3. Phanlx, White Pine, April 27, 25c. Pioche, White Pine, ‘April 6, 5c. Pocotlilo, White Pino, May 17. $1 Rathbun, White Pine, June 22, $1. San Jacinto. Tin, May 27, 50c. Sliver Moon, White Pine, May Silver Wave, While Plne, oe 7, 20% Virginia, W hite Pino, June ¢ Whlie Pine Water, Jiinc 23. Willimantic, White Pine, May 2, . MEATINGS TO BE HELD, ..Annual Mecting Jnly § -Annual Meeting Junc 23
Meoting July 10* I Meoting July 5 pieeune July 8 Mesting June 24 eA Br VENT. OF S4Lk ule nip 31 uly 10—Anyust 1 July 24—Auy, 12 .Jnly 7—July 29 June 9—dune mM duly, 30—Aug, 10 1l—July 39 un an Hy su sue June 17—July 7 June lj—July 7 uly SI—Aug, 21° Juno 7—Juno 28° Juno 18—J uly 9 unaoisaly. 12 und 26—July Se June 29—July i ne Misor's Dreain, White Pine: Overman, Storey co., Nev Planet, Arizona, copper. Silver Vault, Whlto Pina sinual Meoting July 1 Silver Sprout, Inyo co. Annual Mecting June Sicrra Nevada, Storey co., Nev...Anuual Mcating July 6 LAST DIVIDEND. Alpha Cons., Storey co., Nev , dlv. $2, Amador Co., div. $: (0 par shi are Bacon, Storey co., Nev., d Chollar-Potosi, div., $19. Payabie June 3, 1 Coney. referred Stock, 4g per cent.. ..May 10,1 Crown Point, dividend, $7.50, auea.-Payable Sept. 12, 1 Emptre M. & M. Nev., dividend "$8. ..Payable May 16, 1 Eureka, div. $7.1 50. Gould & Curry, 81, Gold HIllQ he & Gy atridend, $7 50.. Colden Chariot, ldaho, div. $3.... Golden Rule, Tuolumne co, div. suc 7 sh.Pay. Jane Hale & Norcross, div. $6.. »Ma; Imperial, Storey co., Nev., div. ‘Payabie Maine 2, Keystone, Slerra e0., div., $32. ‘ayable May 6, 1 Kentuck, div.,$20 Dek share Payable Jan. 10,1 North Star, dividend 35 Payable Aug. 15,1 Occidental, div. $2. Payable March 2, 1 Pacitle Unussessable, div Sand Spring salt. dividend $i. Santiago, Silver Clt dividend, $2 50 Savage, Virginia, Nev, dividend, $4. “Payable May IL] Sand Springs Salt, Virginia, div., $1..Payabie May 5 1869 Sierra Nev., oe e0., Nev., div. $2.50..Pay, June 10, 1869 Virginia &G.H Wa ter Co. Dividend, payable April 16, 1869 Yellow Jacket, div., $5...-+.:20-08: ~Payabie March 15, 1869 Pay. June 19, 1868 ayable May 5, 1869 ayable Jone 19, 1 = ee as 2 se Those markad with an asterisk (*) are advertised inthis journal. SL Latest Stock Prices Bid and Asked. F. STOOK AND EXCHANGE 80ARD Fripar EvENING, cry, ie Lee PS OBUE AE STOCKS. hed Onited States Bonds, 5 65, 67, '63. s= Uited States Bonds, 5 ae 186: = United States Bonds, 5at 1 86 8 Legal Tender Neteas TAlg TA}: California State Bon 95 = an Francisco Bonds, ie igs par & Int, an Eranelsec Ae Bonds, = I ar Franci: city and Beene Bored 6s, TEES 85 8733 jan Franci isco Scbool Bonds, 10s, 1 . Wo — an Francitco eriieo! Bonds, 10s, 1s par & int an Franc City and Co. Schl Bide, is. nee an Francisco Clty and Co. Bonds, 7s, 186. 40 an Franelsco City and Co. Bonds, 7 18, 188 an ane sco Clty and Co. Bonds, 7s, a 90 an Franciseo Clty and Co. Judg. Bas. ie 1863. 90 an Eenngied clgeng Co. Judg. Bds, 7s, 1864. 90 acramento Clty Bonds... 5, 40 sacramento County ue Honds, 62 0. cy larysville Bonds, 10s 5 80 Stockton City Bonds.. 65 = uba County Bonds, 45. AS 90 anta Clara Count, "Bonds, 78 76 7 utte County Bonds, lis, 1860. 5 am an Mateo County Bonds, 7s. §, = sallfornia Steam Naylgation an) Spring ales Wnter Co. 64 44g State Telegraph Co... 5 = GAS OOMPANIES, San Francisco Oss Co. 79 80 Sacramento Oas Co.. 52 54 Cesare Sacramento Valic, eouead oe San piety and San Jose Railroad. -Omnibus Kallroad. — 12% Central Ba lnone 50 —_ North Beach and 68 = Front Street, Mission al Roeeas Rallroad. al 1z AANKING INSTITUTIONS. Pacific Bank. 974g 100 The Bank of Galiforma = 150160 INSURANCE COMPANIES, People’s Insurance Company.. 90 95 Firemane’ Fund joeuree Go. pirg 95 Pacific Insurance Co..s.ceneeeee liv 16 Mereliants! ee Siarme’ Insurance 600 «620 Calitornla Insurance Go — 500 Union Insurance Co. . 96 U0 Homo Mutual Inauran 1934 Occideutal Insurance Co, 8&5 91 MINING STOC 2314 25 244 25 a 653¢ & 3 650 8 ll 320-830 1g 2 Excheqner,. 10 1l Empire M Qand we Co 50 65 Gould & Curry.. a 10 112 Oold Hill Quartz. 45 50 Hale & Norcross. lis 150 imperial 1734 80 Sulla. oes Nes a dJiistice and Indcponde: 9 Kentuck,. 170 185 Lady Brya 2 2 Geetdentai 16} He Occtdeital = Ophir. 22 224 Overm: 2 5 \\saeneta a — a ays Savage... BS §6 sierra Novada. 49 30 Union,.... = Uniied Stetes. _ -_ Yellow Jacket 88 OB Amador (California 5 ZiT Aurora, White Vine. BU 25 Eureka, (Califormia) WS 225 Golden Chariot (lds 4a 45 Silver Cord ({daho} — =f Galen Rule. Calite 10Mohawk (Calltornin) , — = Pocotiilo, Whito Fina. ag . San Francisco Market Rates. Wholeaaie Prices. pay, June 28, 1809. Flour, Extra, B bbl. 15 35 W Do. Superfine.. A8 450 Corn Meal, @ 1uo tbs, 120 225 Whoal, ‘U0 tha. 2140 165 Outs, ® 1U0 Ds.. 2150 1% Barley, ie Tbs. 100 125 Beans, % 10 bbs. 500 6 Ou aoe) t 100 bs 50 115 ys ato 200 @I7 00 lise Ook Wood, B cor 900 10 00 Beof, extra, drassed, B 7 9 Sheep, on foot., 2 ou 300 Hogs, on foot, B & t Hoga, dreascd , @ tb $@ Ww ey Goose Bb. 4 15 Chl lv ll YH @ 2 — 19 15 a0 60 125 9 10 ex bie 46 47 16 19 33 ph ye — Checse, Cnlitoruia, ct b 15 18 Eggs, # dozen. 35 4246 Lard, sone ne 16 @ VW Ham and Bacon, @ Db o@ 16 Shoulders, @ ... 7@ & Hetall Prices, Bitter Salvoynie.f fresh, A b iB 50 aa 20 25 do. 35 a Cheese, 2 2 Honey, 25 30 Eggs, 60 55 Lard, 18 2 Hams and Bacon, bb. 20 25 Cranberrics, ® galtou. loo 125 Potatoes, Hae 2 Potatoes, hl eet, eb ae 5 Tomatoes, @ bb. ao 10 Onions, @ bb. 6 8 Apples, No, 1, . 4 5 Pears, Tahle. 5 ay ic Phims, dried, ml 12 Poaches, dried, @ D. . 18 Oranges, . 80 50 Lemons, @ dozen Paiend 100 Chickchs, ypieee 1 100 Turkeys, 8 Db . : 30 $5 Soap, Pale and a E 12 Soap, Castile, B b. ce 20 San Francisco Metal Market. PRICES FOR INVOICES. Jobbing prices aie ten to fifteen foes cent. higher than tha following quotation: See June 25, 1869. lroy.—Doty: Pilg, $9 per ton; Raliroad, 6ve % 100 Ths; ae 1@l%c # tb; Sheer. polished, 8c @ Bb; cominon, 1s@1%4 @ tb; Plate, lye B Wb; Pipe, lige B bb; Galvanized, Die Scotch que Baglin Pig lron ®zton. 34400 @ Whit ‘Bi tol os us 36 00 $45 00 37 U0 Renned — 03 Refined Bar, good assortmant, — OF Boiler, No. — 04% Plate, No. 5 to ae heet, No. 10to Composition Botts, = Tin Puates.—Duty: 258 cone ad valorem. lates, Charcoal, 1X, @ b 120 lates, 1C Charéoal. Roofing Plates... Banca Tin, Slabs, 3 free.—English ESE Steel, PB Db QUICKSILTER. ee BEA ae Bb ms Pe cheatel Bb Borax.—Calffornla. b. Hypraviio Crment—Supposep VALUAsue Discovery.—The Honolulu Gazeile reports the discovery of what is described as a valuable fire-proof, hydraulic cement. It is formed of volcanic ash from -the volcanoes of Molokai, and the Hawaiians expect to find in it a new and important source of commerce. U. S. Bonps 1x Eororz.—The London Times says that the amonpt of United States bonds held in England is $750,000,000. A correspondent of the New York World states that the total amount of United States bonds held in Europe reaches $1,400,000,000. An ApsotuTaLy Port Stimurant,—Ask uny analytical chemist who has tested tho comparative wholesomeness of distilled liquors, and he will tell you that St. Croix Rum is the purest of them all.” This matchless stimulant is the only alcoholic element used in the mapufacturoe of Plantution Bitters—and mark this: it is not tho St. Croix Rum of commerce that is so employed, but an articls mado from the sugar-cano by tho agents of the proprietors of the Bitters, on their own sugar estates ot St. Thomas, and far superior to any rum obtainable in the general market. Medjcated with the finest Culasaya Bark (also gathered and prepared by the employces of the firm in South America), and other rare vegetable curatives and restoratives, the Plantation Bitters are in all respects the best tonie, atterative and regulating preparation ever eompounded for tho use of man. yk Tr spectacles are used before they are required, or if their use is postponcd when needed, the eye is injured. Consult C. Muller, 205 Montgomery street, before purchasing.