REEFTON STOCK EXCHANGE.

Inangahua Times, Volume XVI, Issue 20226, 20 April 1891, Page 2

REEFTON STOCK EXCHANGE.

« The weekly battery returns to hand up to the present gives a total of 14980za of amalgam, contributed by the Progress, United Alpine, No. 2 Dark, K«ep-it-Dark, and Fiery Cross, of which the last named alone in* eludes the contents of boxes. Although the list is not as full as might be, still, the yields in every inetanee are substantially satisfactory, and will leave good balances on .the right side. The crashing from the Fiery Cross mine just concluded was of 180 tons, giving 7900zs of amalgam and the stone yielded between 27 and 28dwte of gold per ton. A dividend of sixpence per share, re* presenting £806 6a is payable on and after Monday next. The cleaning up for the month's crushing from the Cumberland mint takeß place on Monday, and a good return and dividend will be the result. The parcel of two tons of antimony me shipped from the Golden Treasure mine sqme little time ago, has, according to adviceß to hand, returned a value of £22 10s per ton which is quite beyond all expectations, although it waa well known the ore would give a high percentage of the metal. Shares jhave^keen in demand,- with brisk enqaUyftfafr,ajiAl*« slight advance. This return jdMMrffiust in a degree towards the development of other leases having all the features and indications of being antimony bearing. The share market has not shewn any marked alteration one way or the other for the week, and mining news is about of the usual order. A lot of prospecting and preparatory work is in hand, and investors have plenty to choose among, besides the operative mines at the gold-produoing stage which cannot be said to be at high priceß. In the Argosy mine cross-cutting is in hand in fair country. Buyers of Big River were in the market at 8s 6d all the week, with some business at an advanoe. Driving on the reef will be resumed next week, and the imuUb must be important. Lord Edward sold at lOd, and this is likely to be one of the first leases favorably affected by renewal of aotive mining operations in the former claim. Blue Sky operations continue in fair sort of coun. try and shares are enquired for at lower rates. Active work, both wageß and contract, the latter being the tunnel just let, is in hand at the Cumberland, and a good supply of stone has been kept going ferward to the Drake battery; oleamng up on Monday. Shares keep firm at former rates. Exchange sold at low rates towards dose of week? The excellent crushing at the Fiery Cross brought shares into demand .with^ business at up to 6s 9d, and the stock well held at that. Golden Lead have not been somuoh dealt in. Good progress with the battery works is being made, but unless the weather improves, the aerial tram may have to be waited for. At the Globe battery the usual quantity of stone was not treated, so no partial cleaning up took place. Matters inside the Hercules mine are being forwarded, land the shares may have enquiry at any moment. The Inkerman battery has not bees limning. The main shaft being clese

to required depth, the ekuafo ana touMl to strike the main block will b«.the n«xt work to ba und«rt»ken. Th« Darkykld this wetk shown a alight itaptovement. The report from the Merrijtgs mlae to-day U tut encouraging and txotllutt gold k bti&t, driven upon ia a good width et the right**, m&tion. No. 9 Dark remain among ike firm shares, with tales op to 6s fid ; orashing continues regular and good. The weekly yield from the Progress mine is also highly satis* factory, and promises well fot toother «oed month. Scotia offend at low r*t*« iud found ready buyers. The United Alpine battery is in steady swing ageia, with a food return for the first ten days. No «haqga>.it reported from ttie Wealth. Midday Quotation^ From To Bigßiver .. 0 8 6 0 9Wfi~ Blue Sky .. 0 0 0 0 077 Exchange. ... 0 0 5 \-0 (UjS Fiery Cross cum div 0 0 9 0 7 8 . Golden Treasure 0 110 0 0 0 Golden Lead (amgtd) 00 0 0 6 8 Globe .. .. 00 0 019 0 Herouleß „ 0 19 0 2 2 Keep-it-Dark ..; 0 0 0 012 0 [Dark j) 5 9 00 0' Scotia ... 0 0 9 0 0 0 'Alpine .. 00 0 020 0 Bbeohk, J. B larao W Biuumxi^C. Wnw, G, BRKNNAN, P OOLLTHOB, W. G. Clibk.J.F. A.mj},3 A. E. NoBTB.