BALLARAT.

Grey River Argus, Volume XIII, Issue 1627, 22 October 1873, Page 2

BALLARAT.

■■;_..■■. - [melbohenb ARGgs.] c . r i ' Ballarat proper is just now in a somewhat similar position to that of Sandhurst. The share market is very dull there, and prices of shares have receded '"jm some^ cases— Winter's Freeholds, especially, to^ a considerable' extent'.'' About the time the last niaU left, Winter's freeholds were worth L3i.e.ach, it being . .then .considered th*tt the.jirpspects of the large mine owned by, the. company were improving, but a few days ago they fell to as low a figure as Llf, from which, however they have rallied, and are now quoted at L2O. Several of the subdivisions of Ballarat, which include districts many; miles away from . Ballarat proper, ; are -attracting considerable attention, owing to the good yields returned and ' hew discoveries of quartz reefs, as well as of the improving richness of the reefs being already worked. The most noticeable signs of improvement have been shown at Black wood, which is , about 30 miles from Ballarat. Some of the quartz-reefs there have recently been yielding very well, and from the number of the ! reefs and the' large extent of country which is known to contain, reefs, it i 3 thought that the. district will before long be one of the leading quartz-reefing divisions of the colony;' A party^here called Mounter's recently' had a*orushing of 98 -tons of ; qnartzy from %hich they obtained the splendid 'yield of 632bz, or more : than 6oz- to Ithe, ton. Elaine, a comparatively ; hew -gold-field, is also, according to report, likely to come into prominence shortly with its quartz mines. 'It' is said that a great deal- of stone will -shortly; be crushed there, -that the stone now being raised is of first quality, and that one . or two .new reefs have been opened out lately. Only, yesterday two important items- of news respecting claims, situated in two very opposite and distant'directions from each other were, published. One of these had reference to the Magdala quartz-mining .claim at Stawell, which is owned by a company who have persevered through years at an enormous cost in prospecting their mine. , They have sunk the deepest shaft in; the . colony in the expectation of striking Tin it . a valuable reef, which they expect to reach shortly.