MINING NEWS.

Lyttelton Times, Volume LXXVI, Issue 9512, 7 September 1891, Page 5

MINING NEWS.

n?BOM OTJB OWN CORRESPONDENT. I REEPTON. Sept.' 5,

The following is the Stock Exchange report:—The battery returns to hand from the Big River, Fiery Cross, Globe, and No. 2 Keep-it-Dark, give a total of 25960 z of amalgam, of which the two first-named include contents of boxes for the full crushing. The Big River crushing just concluded yielded 1088 oz of retorted gold from 316 tons of quartz, and is one of the best efforts that portion of the field has yet made, while that of the Fiery Cross gives 20230 z of amalgam, estimated to produce 700 oz of retorted gold for 374 tons. Both are very substantial results which should leave handsome profits. Two dividends were declared payable this week, one each in the United Alpine and No. 2 Dark, distributing in all .£I4OO. Returns from several other batteries are expected by the end of next week. There has been no marked bxtra activity in the share market during the week, but a fair amount of business seems to have been done in a few lines at about last week’s quotations. Big Rivers eased a little in* value earlier in the week, but have a better tendency just now. Duthams have not been dealt in, and the ground is at present at the usual prospecting stage, with capital indications. The same may be said for Exchanges. Fiery Crosses, after a splendid month's yroik, remain at about previous rates, aud Golden Leads the same. This latter Company appears to be limiting its output and concentrating in a make of quartz which may develop a good bulk. Globes have been asked for at last week's figure, and the return from this mine to-day shows a marked improvement, which doubtless will become more pronounced from this out. Hercules show an advance, consequent on an improvement in the mine, of which further operations will give a better idea. Keep-ifc-Darks appear at former rates, and Lord Edwards have their usual firmness. Allow* ing for the dividend since paid. No. 2 Darks remain as before, and Pandora buyers are offering low prices, without sellers. Progress shares had buyers to-day at slightly over 11s, and Russells have been saleable all the week; United Alpines had a few transactions without further advance in price, and United Devonahites were in request at low rates. Midday quotations:—Big River 18s to 18s 6d, Durham 9d to lOd, Exchange Is 6d to Is 9d, Fiery Cross 6s to 6s 6d, Golden Lead 2s 9d to 3s 3d, Globe 11a to 12s, Gordon 5d to 6d, Hercules 2s 8d to 3s, Keep-it-Dark 15s 9d to 16s, Lord Edward 3s 3d to 3s 6d, No. 2 Keep-it-Dark 5s lid to 6s Id, Pandora 5d to 7d, Progress lls 3d to 12a, Russell Is to Is 4d, Scotia lOd to Is, United Alpine 19s 6d to 21s (ex div.), United Devonshire 7d to Is, Wealth 3a 6d to 4a. [Peb Pebss Association.! WESTPORT, Sept. 5. The coal export for the week was 6301 tons. GREYMOUTH, Sept. 6. The coal export for the week was 1701 tons. EEEFTON, Sept. 6. Following are the gold returns for the week:—Big River, 1824 dz of amalgam from 64 tons, cleaning up ; Fiery Cross, 5090 z of amalgam from 30 tons cleaning up; Globe, 3760 z of amalgam from 170 tons; N 0.2 Keep-it-Dark,B7oz of amalgam from 78 tons. DUNEDIN, Sept. 6. The Dunedin Gold-dredging Company obtained lOloz of gold last week. The Island Block Company is reported to have struck magnificent wash, in which gold is visible to the naked oye.