Reefton Mining Exchange.

Evening Post, Volume XLIV, Issue 45, 22 August 1892, Page 4

Reef ton Minin g Exchange.

fiiy Tklkorafh.l lUNITKI) I'KEKS ASSOCIATION. I Rkekton. 20th Augui-fc. The following is tho Stock Exchange report :— The partial clcaning-up at tho Alpino, Globe, No. 2 Kcop-it-Dark, and Progress batteries gives OUloz of amalgam. Tho return for tho Globe is slightly below tho usual mark this weok, those from tho others being very satisfactory. During the weok crushing at Big River was resumed, and tho Cumberland stampers will bo running again on Monday. The recent proposals from Wellington by which several amendments of tho Mining Act are aimod at, aro causing somo uneasiness hero, and it is more than likely tho Ministor of Mines will recoivo a strong protest on the mattor directly. To put it briefly, tho tendency of somo of tho recent logiHln. tion is moro calculated to oripplo and hinder the mining industry than anything else, save, perhaps, gratifying tho whims and narrow idoas of individuals placed in office. What tho industry wants just now in tho way of legislation is that which will tend to foster and aid it. Harsh and exacting torms can have but one effect ; and an for tho labour covenants, it is high time they woro excised altogether, so far as this field ia concerned, ivnvhow. The week brought nothing of very extra, importance from any of the mines, but the accounts to hand aro all so far satisfactory. Dredging operations at tho Aloxundcr dredge have been resumed. Prices show very little alteration this weok, und thoHharoH operated oil aro still confined to a few lines, Big River, Cumberland, and No. 2 Keep-it-Dark aro hold for further rise, whilo buyers of Globe, liussell, and Drake aro about now and then. Alpine show an advance, and had a turn of business in the vicinity of 20s. Midday prices— Big Kivor. 10s to 10a 'M ; Cumberland, 9a 6d to 9a 9d ; Exchange, 9d to lid ; Goldon Hill and Bar, 5d to (id nnd 3d to 4d ; Golden Lead, Is 6d to Is 9d ; Globe, 12s to I2s 3d ; Hercules, Sd to Is ; Edward, 2i to 2s 3d ; No. 2 Koop-it-Dark, 3s 9d to 4s ; Progress, 16s to 16s 6d ; Russell, Is to Is 2d ; Success, 4d to 6d ; Drake, Is 6d to Is 9d ; St. George, 5d to 7d ; Alpine, 20s 6d to 21s ; Wealth, Is to Is 3d.