MINING.

New Zealand Mail, Issue 1248, 30 January 1896, Page 21

MINING.

PERTH, January Lu.. A important development lias occurred in the Hannan's Central mine, Kalgoorlie, where a splendid lode 12t't wide lias been struck at the hundred feet level. Every pan of dirt washed shows the colour, the yield being up to half an ounce to the dish. The discovery , proves that a lode runs through the salt bush flats. Phenomenally rich stone has been struck in the Croesus mine. Perth, January 23. Wonderfully rich stone has been discovered by Polades and party in a 50ft shaft at Findrimie. Three men have dollied loozs gold per day. The last crushing of 250 tons stone from the Great Boulder mine yielded 13S8ozs gold. A rich find is reported near Edwards' mine. The Norseman field has " petered out.' Sydney, January 27. For months past the accommodation on the largely increased fleet of steamers trading to Western Australia has been taxed to the utmost with departing gold seekers. The rush still continues, but by ominous signs the tide has turned. Little by little the backward setting stream is .swelling in volume. At first only those who had made their pile and the faint-hearted turned th°.ir faces eastward, but now each returning steamer lands an increasing number of men who, after giving- the Western Eldorado a fair trial, make their way home sorrowful and disappointed. The latest among many arrivals in Sydney are a number of Newcastle miners. They spent several months prospecting, undergoing terrible hardships from thirst and pri/ations, but only succeeded in getting rid of what little money they possessed. Their predictions as to the future of the Western fields are decidedly of a very gloomy character. In Perth they met hundreds of men stranded, trying to raise their return passage money. At Coolgardie they state there is not the least show for a working man, and if one is caught asking for food he is arrested and imprisoned. On the wearisome tramp back . from Kalgoorlie they noticed along the road the graves of numbers of wanderers who perished in the stony, sun-dried desert. In Adelaide they met a number of men on their way West, who were so impressed with their experiences that they abandoned their intention of making the journey, and returned home. Auckland, January 21.

Waihi-Silvcrton shares, which were quoted at 47s 6d on the 10th instant, could not yesterday (according to a private cable message) be secured on the London market under 63s 9 an order at 60s being; declined.

Auckland, January 22. A cable message received from London reports the registration of the Queen of Beauty Gold Mining - Company, which has been formed to test the deep levels of the Thames. •* Auckland, January 28. The following are the closing quotations tn.Hn.v

Buyers.—New Alburnia, 4s 3d ; New Moanatairi, 5s 3d; Byron Bay, lOkl; Central. Gd ; Waihi Consols, Is ; Waverley, 7d ; Young New Zealand, Is 3d ; Bunker's Hill, fts ; New Tokatea, lid ; Hauraki North, Is lOd. Blenheim, January 24. The mine manager reports that near the head dam in the Wakamarina Gorge Company's claim, gold was plainly visible on the shovels when the head dam was being erected ; and at the Taita dam he tested the washed dirt, and found it went half a pennyweight to the dish. Reeeton, January 27. The following are last week's battery returns : Big River, IGOoz amalgam from 117 tons stone ; Puller dredge, 15oz Idwt gold for 77 hours' work ; Cocksparrow dredge, 440 z amalgam lor 119 hours' dredging ; Progress, 4290 z amalgam from 204 tons stone, top plates ; Wealth of Nations, 1390 z amalgam from 145 tons stone. The following companies under offer to Mr Ziman have received notice of successful notation at Home :—Globe, Progress, Wealth of Nations and Energetic. During the last year the Big "River Goldmining Company, ot Beef ton, crushed 4059 tons of stone for a yield of 49950 zof gold, which realised .£20,217 4s Id. During the year dividends to the amount of £12,G00 were paid to the fortunate shareholders. The total value of scold won since registration is £67,852 5s 4d, of which £37.800 (equal to 31s Gd per share) has been paid in dividends. The Company's share capital stands at £12,000, of which only £6OO, or Od per share, has been called up. Messrs Deacon and Co. announce the receipt of the following telegram from Mr William Hindmarsh, the lesjal manager cf the Glebe Goldmining Company. Beef ton : —' ; Globe taken over Iry Ziman. Inform shareholders."

ijr ; — Buyers. « d. Sellers. s. d. 3 7 Victoria 3 G Cardigan 1 4 1 G Quean of Waibi — 2 3 St. Patrick ... — 0 7 Woodstock ... ... 25 G 27 0 Kapai-Vermont ... 7 .0 7 0 Try Fluke ... — f 4 9 Waitaia —■ 3 G Golden Hill — 0 8 New Golconda ... 1 0 1 3 Pukewhau — 0 6