REEFTON MINING.

New Zealand Mail, Issue 934, 24 January 1890, Page 15

REEFTON MINING.

[from our own correspondent.] Reefton, January 16. A tolerable demand took place to-day for Golden leads, at prices slightly in advance of former quotations, i.e., from Is 3§a to Is 4d. The winding engine and gear for the Inkerman has been landed on the ground, the water in the mine having accumulated to such an extent during the holidays that some days will elapse before regular working will set in. Several parties visited the Painkiller yesterday, and were well satisfied with the quality of stone at present obtained, but owing to the little work absolutely done, no accurate opinion as to its extent can as yet be formed. No meeting of the Mining Exchange has yet taken place. i s “ ' ’ •' Reefton, January 18. Battery returns :—Progress, 1420 z for the week ; Inglewood, 7506 z amalgam from 50 tons. -. ... ~ j, .

i There waß no meeting of the Mining Exchange, • ... 6 : -

A small quantity of stone from the . Painkiller has been crushed, > the returns from which were at the rate cf loz per tom Golden Lead ■; The shares of this Company are gradually being sought after and - the price is Is sd, with an upward tendency. The Okanda) thendjottring claim; which has also the coaglome.ate, and from what I can learn, equally as extensive, is also being inquired after at Is 3d; I regret that for some weeks past no meeting of the Exchange has taken place. In consequence a -meeting has been convened for Monday next, when the I 'regular quotations will bo made, wibh other mining news. ;; «