Reefton Mining Exchange.

Evening Post, Volume XLI, Issue 134, 9 June 1891, Page 4

Reefton Mining Exchange.

[By Trlvotiaj'H.] /From Our Special Correspondent.) Reefton, This Day. Tho fitoek Exchango report issued at midday on Saturday is as follows :— The yield of amalgam obtainod from tho Fiery Cross battory on Monday hint represented tho lnst weok'a oiushing, and tho contents of tlio boxos was G3o ouncoH, making a total in all of Kift? ounces fvoin 3r>o3 r >0 tons, and producing 513 mmcos of retorted gold. A dividend of Is per '.52,'2."01h uhnro (equal to XICI2 IO») was declared. The month' h operations at the United Alpino mmt 1 , f.yoll, gave 38. 1 ) 011110*0 retorted gold from 701) tons, and paying a dividend of Cd per 32,000 th fihare, eqnal to £800. Tho local battery returns for this week total 1077 ounces of amalgam, contributed by tho Big River, Fiery Cross, Globe, No. 2 Dark, and Keep-it-Dark. Of thoso, tho first-named includes tho contents of the boxos for tho crushing of 270 tons, whioli produced in all 2315 onnces of amalgam from nil sources. Tho whole of the yiolfls show paynblo averages, that of tho Globo showing an improvement which it is reckoned will bo more marked within n. s'lort space of time. The Alpino battery is running, but tho roturn will go in with that of next wook. No crushing was dono for tho Cumbnrland this week, as tho Drako battery was idle owing to repairs to tho boiler fur- I n-x'''M. A stoppage at tho Progress battery wus ulw rtooosbitatod to allow of filling in, bnt thehtamporsaro in swing again. Mining matter-* uro looking mnch better than for some time past, and an all-round healthy condition, with a general confidence in tho pro-ipootß of tho field, is becoming more noticeable and evident. Some sharp rises Jiavo taken place lately, whilo in lots of otUur linos hardly ho far dovoloped thero has boon sound business, with a well-dis-tributed onquiry for interests in the many different localities in which tho more activo companies aro either in oporation or else about to crush. Tho Aloxandra, Big River district, may bo expected to shortly see bnsino'W, joint operations being about to bo started with the Prima Donna in a prospecting tnnnol. Big Rivor allows a further riso, and ascended from 12s 9d to 17s, with a Hound feeling, and an unsatisfied demand. Bluo Sky oltor at former rates, and no ohango in tho tunnel has boon yet reported. Stono from Al loaso is being Bont to grass. This is now a registered company. The Cumberland paid their third ono shilling dividend this week. Crushing start 3 again on Monday morning. Tho paddocks aro full, and thn mine looking as woll as evor. Shares remain firm. Durham havo had bettor enquiry, and good business from lOd to U 2d. The company is now registered. A tunnel i.-i being driven in good country, and tht- lofulily and position arc all that could bo desired. The Dudley adjoining impiovud up to and riolil nt Tm. Tho ground i' magnoil portion, und the venture has good pm-ippufci. fls rogintration is in liiii'd. ivM'hnugc had a big turn over, and 'iolJ bi-idkly at from Ik to 2* Gil on news of striking of stone being sent in. Hharos eased back to ii.s, at which figuro considerable burfincHS took placo, with frosh dovelopmenis waited for. Golden Load also show an advance, having reached tho vioinity of 11s. Tho works aro advancing woll towards crushing;. They aro atill sonding out stone at the Hercules, and crushing starts about Monday at tho Woalth battory. Happy Valley and Gallant aro still diiving. Bayers of both offer low pricos. In the Homoward Bound an oxtonsion of No. 7 level has just been lot. In tho Inkorman mino tho chamber at tho bottom of tho main shaft would havo boon finished about Wednesday but for a broakago of somo of tho winding gear. This, howovor, will bo all right in a day or so, not moro. Work is likoly to bo resumed shortly in tho Hudson loaso. Tho Inglowood tributoxs aro breaking ont good stono. Kaipiii havo como into requost and havo had somo businoss. Lord Edward movod from 2s 3d to 3s 4d, and although business in them was not so brisk, shares aro not so easily got. A survey is to bo mado. Morrijigs sold from 2s to 3s. • Tho managor is still driving on the gold. Steam power will bo employed, the oompauy having soenred and paid for all tho necessary plant and wator rights. Stoady crushing is going on nt the No. 2 Dark, which should pay a good dividend this month. Buyers of 'Oi Polloi improved to Gd, and parcels havo changed hands. A steady but unsatisfied demand continues for Success, and Scotia had somo enquiry without any change at tho mino to cauao it. Interests in tho Tyne loaso changed hands at an advance. An improvement in the Wolcomo mino seems likely, and stone in No. 0 level may soon bo lookod for. In the Triumph mino, Big River district, work has been resumed, and a tunnel lot. Tho Drake workings aro to bo re-started, and whenever tho winze has boon baled stone will bo taken out. Buyors remain nnsupplied at tho figure offered. Midday Quotations. — Buyors (sollers .not given)— Woalth, 3s. Sellers (buyors not givon)—Bluo Sky, 6d ; Cumberland, 13s 3d ; Golden Treasure, 3s Id ; Morrijigs, 3s 2d ; Prima Donna. sd ; Scotia, Is 3d ; Russell, Is Gd ; Big River, lGs 6d to 18s ; Durham, Is Id to Is 3d ; Dudloy, 4d to Gd ; Fiery Cross, Gs Gd to 7s • Golden Lead, 9a 9d to 10s 9d ; Gallant, 5d to 8d ; Happy Valley, Cd to 7d ; Hercules, 2s 9d to 3s ; ICapai, 4d to Gd ; No. 2 Dark, 5s to 5s 4d ; 'Oi Polloi, CdtoSd; Success, (id to 7d; Drake, Is 3d to Is 4d. Sales — Eschango, ; Lord Edward, 3s 4d: Tyne, 3d ; Dillon, 6d.— (Signod) J. F. Clarko, W. Irving, G. Wise, J. Auld, J. R Beooho, P. Brenuan, W. G. Collings.. "