MINING NEWS.

Lyttelton Times, Volume LXXVI, Issue 9488, 10 August 1891, Page 5

MINING NEWS.

[FROM OUR OWN CORRESPONDENT.] ; REEFTON, August 8, The following is the Stock Exchange report To-day’s weekly battery returns give 12210 z of amalgam from the Fiery Cross, Globe, Cumberland, No. 2 Dark and Big River Companies. The United Alpine return for last month, was 12660 z of amalgam, and at the Inglewood battery the tribute party cleaned up 2290 z of retorted gold for 172 tons. ‘ The Koep-it-Dark machine has not resumed crushing for that Company yet, and the Progress is not running full time. During the week, dividends of sixpence and one shilling were declared by the United Alpine and Fiery Cross Companies, representing an amount of J 52412 for distribution. The much-required change of weather, bringing a good fall of rain, has come, and the different batteries, so long idle for want of water, are in steady work again. Considerable attention and anxious are being directed towards the new Mining Bill, and each succeeding day something or other is discovered the desirability and necessity v'of shelving: the measure until next session all the more pressing. The Bill aims at matters seriously affecting the industry, and, in all fairness, before it passes all mining districts should first be allowed an opportunity of expressing themselves as to how the enactment generally is regarded, an enactment which should be capable of doing bo much to foster the industry and aid in the development of some of the country’s mineral resources. The Bill, in its amended form, reached here to-day, but one glance is enough to show how essential it is that time for comparison and deliberation should be given, and to that end it is to be hoped the goldfields members may he able to prevail on the Minister to have it shelved for the session. The share market remains in a comparatively unchanged condition. Business has been limited; certain lines are firmer, others show slight advances, and a number are easier or stationary. A capital feeling exists in Big Rivers, which have hardined. Steady . returns from the Cumberland may he expected to also firm that stock. Durbams are saleable at. low rtaes. Exchanges have been but little dealt in. Crushing at the Fiery Cross battery has brought shares into slightly better request. Golden Leads are inquired for. Homeward Bounds have had a little business, and Hercules and Bow Levels a few transactions. Keep-it-Darks are a little better than they were last week, and Lord Edwards soldat 3s 8d today. Steady crushing and regular dividends are giving No. 2 Dark a more forward place, although the advance in value is of the gradual order. Specimen Hills are saleable, and the new issue of Welcomes sold at lower rates. Midday quotations—Big River 18s 9d to 19s 6d, Cumberland 12a to 12s 2d, Durham XOd to Is, Exchange Is lOd, Fiery Cross 5s 9d to 6a 3d, Golden Lead 3s to 4s, Homeward Bound 5s 3d to 5s (3d, Hercules Is lid to 2a 2d, Low Level 4d to 6d, Keep-it-Dark 15s 6d to 16s, Lord Edward 8s 6d to 3a 9d, No. 2 Dark 5s 4d to 3s 6d, Progress 10s to 11s, Specimen Hill 9d to Is, United Alpine 18a to 19a. IPer Press Association.! ESEFTON, August 9.

Following are the gold returns for the week Globe, 1720 zof amalgam from 90 tons; No, 2 Dark, 1340 zof amalgam from GO tons; Fiery Cross, 3890 z of amalgam from 85 tons; Cumberland, 140 oz of amalgam from 120 tons j Inglewood, 2590 z of retorted gold from .173 tons. WESTPORT, August 9. The coal export for the week just ended was 3300 tons. . —,

DUNEDIN, August 5. The Dunedin Gold-dredging Company obtained 16Soz last week.