MINING NEWS.

Press, Volume XLVIL, Issue 7699, 3 November 1890, Page 3

MINING NEWS.

(By TkejegbaphJ. [from oub correspondent. | REEFTON, November & The following are the battery retucn* for the past week:~ . .:",,. t Keep It-Dark—One hundred and sixty* one os-j amalgam from 130 tons. Venus—Seventy-five oca amalgam from 14 tons. , T. Inkerraan—Three hundred and seventy* seven ozs amalgam from 120 tone. ' ■Wealth of Nations—One hundred and eighty-three, ass amalgam from. ISO tons. Progress—Eighb hundred and twenty seven ozs amaTgam (including boxes for the week), 761 oa of retorted gold for the month. Globe—Four hundred and seventy-seven ozs amalgam from 178 tons. Inker man—The mine manager reports I —" No. 2 level has been driven 7ft fpp the week, at which point it has been stopned for the present, until the chamber lor the winze for No. 2 to No. 3 level has been cat out. I started to cut out the chamber on Thursday, and expect to have it finished by the end of next week, when the contractor will start to sink the winze. The stopes are all looking well. 135 ft of etoplng has been done for the week;" Golden Treasure—Tho mine manage? reports:—•" During the month we have opened out on the reef in the 85ft level by putting up a rise at the end of th* mA working 18ft. We thus drove back to the reef, which is 15ft from the top of the new rise. The stone when first struck showed highly payable gold. In etoping up the reef it turned into almost solid antimony. I then found 16 was not payable on that account, and started to rise on the reef to ccc lithe stone would change. After going 12ft, and finding it did not do so, I had to scop crushing and shorten some of the hands* We also drove a cross-cut In the hang* ing wall behind the north wtnfce 12ft to see if I could find tno stone that we worked in the botfeoin of the battery level (known as the new find). We failed to find anything of value. On the flat shore level we have extended the rlae 32ft, making atonal of 80ft. I then found no improvement In the reef, so I thought it best to drive both ends of this rise to see U we have been Soing on the end of the stone. The south rive has been extended 83ft, carayiitg stone the whole distance, showing veiy good gold. At present the reef In ten face Is 3ft, but mostly antimony stone* The north drive has been driven 20tt, b«fe there Is no improvement yet." The product of retorted gold from the Beef ton ;quarta mines for the mouth of October Iβ 24050z, the contributing Com* panics being Venus, Globs, Fiery Osom, \ Inkerman, Keep It Dark, Frogrese, Wealth of Nations, Ingle wood, Venae If o, 2, South Dark, Golden Treasure and Si* I Charles Russell. ~ The Stock Exchange report:—" Thewetfe has been uniformly dull and buefaeee mmains sluggish. In a few lines, however. there has been rather better enqairyana buyers had to advance slightly , before getting a market. The monthly el&mieg up at the different batteries took pfoee to-day, resulting in the return of 2JJS&BOfi amalgam for the week's oparatloos. Is* eluding boxes. In the case of the fere* gress, a marked improvement Iβ afcoapse noticeable. Big Elver keep between <■&» and 6s, with occasional buvere and lew sellers. Work at this mine Sβ well cd* vanced towards preparations for en early crushing. Cumberland sold to-day at 2s 9d and shares are firmly held for fttt advance. An apparently large slaad body of stone was struck above the tunnel yesterday, end next week will see more of it. Sellers of exehasge ask7d. The tunnel is now being d?lv«o> Fiery Cross remain firm at former rates, blocks still being sunk upon, how rates are offering for Golden Lead. Globe afild off and on during the week at from 16a to 19s Bd. The week's return is rather below tbe average, but the mine is looking, very promising, especially in regard to the Jibe body of stone to be > commanded by the nezc level. Inkerman have been station* avy at about previous rates, and there, ta a slightly better feeling in Dark sh&rea* Upon an improvement in the cradbine Hercules were enquired for to-day, and: & better quality of stone is reported to have come In alongside the reef baing driven on. No. 2 Dark sold during the week M la 6d, and if any Improvement should take place in the quality of the reef now being operated on, the shares must I commancT more notice. United Alpine are quoted at 25s 6d to 253 Oii, with Utllf doing. Profireee have risen steadily, and buyer* are now offering 17a 0d on a marfeo* bare of shares. The excellent returns from the battery and good ah-jw of quarts ahead have glren the stock considerable firmness, aud the property ought very soon to rank in the dividend list. Midday prices:—Big Hirer, 5* 8d to c*; Cumberland, 2e 84 to 2a lUd ; Fiery Cro*e,i 6* JU» 5e 3d; Lead, Is 3d to 1* 7d ; Globe, lOtfe 94 3d; Dark. We to lie; No. A Dark, 1* id to 1» 7d. Seller*—Argosy, 5d ; Exchange, 7d; Gallant, lod; Inkerman. 20*. Buyers —Progress, 17s Od, .