MINING NEWS.

Lyttelton Times, Volume LXXVII, Issue 9726, 16 May 1892, Page 6

MINING NEWS.

[from our own correspondent.] REEFTON, May 14

The following is the Stock Exchange report:—The partial cleaning up at the No. 2 Keep-ifc-Dark, Globe, United Alpine, Progress, Keep-it-Dark and Cumberland Mines gives a total of 16290z_ of amalgam from top plates only. During the week a return of 12oz odd of clean gold and 14oz of amalgam, which generally yields 50 per cent of gold, was received from the Alexander dredge, representing seventy-four hours' washing. A temporary suspension of operations jb being made until tho necessary alterations ar* complete, so as to allow _of wood fuel instead of coal being used. Nothing very new is reported this week. Mining operations certainly have a healthy and promising outlook, and the steady yield of gold being obtained from tho different operative mines should ere Ion" restore a hotter feeling. Prospecting, D bowever, and the development of many of the mines now at the earlier stages, are only, it is to be regretted, being carried on in a restricted manner, and for the greater part the capital being invested is limited almost whclly to the gold-producing lines. Not enterprise, but another very useful commodity is wanting. During the week there has been fair enquiry for tho more leading lines, and sales have been made at good prices. Big Rivers show a slight further, rise, also Cumberlands. In the latter mine good indications of the near approach to the block in the lower workings are reported. Gallants sold at low rates, and crushing next week is spoken of. Lyell Creeks are saleable at a low price, and No. 2 Keep-ic-Darka touched 5s 9d, and sales at that. This Company promises well for a very payable month's work. 'Sir Charles Russells, Sir Francis Drakes and 1 a number of others show no alteration in value or extent of .business. United Alpines are at the top price among the leading values, and the difficulty mot /with'in getting parcels to operate on, shows at once how firmly the favourite old line is held. Midday prices:— Big Siver 93 to 9a 6d, Cumberland 13s Gd to 14s, Exchange Is to Is 3d, Fiery Cross Is lid to 2s 3d, Golden Hill 4d to 6d, Golden Lead 2s to 23 3d, Gallant lid to Is, Globe 153 to 15s 6d, General Gordon Gd to 9d to Is, Keep-it-Dark 10s 9d to lis 3d, Lyell Creek 4d to ■6d. Lord Edward 2s Gd to 2a 9d, No. 2 Keep-it-Dark 5s 6d to 5s 9d, Progress 15s to 153 6d, Sir Charles Eussell Is to Is 3d, Success 3d to sd, Sir Francis Drake Is bd to Is 9d, Specimen Hill 4d to 6d, United Alpine 20s 6d to 21s 6d, Wealth of Nations Is 9d to 2s Id. ipsa Pnress Association.l GEEYMOUTH, Mat 15.

The weather is very cold and windy. The coal export for the week was 2604 tons. EBEPTON. May 15. The following are the gold returns for the week United Alpine, 7130 zof amalgam from 418 tons; Progress, 3420 z of amalgam from.2lo tons; Globe, 191 oz of amalgam from 185 tons; No. 2 Keep-it-Dark, ISGoz'of amalgam from 86 tons; Cumberland, 1490 z of amalgam from 65 tons; Keep-it-Dark, 48oz cf amalgam from 42 tons.