MINING.

Otago Daily Times, Issue 7722, 17 November 1886, Page 2

MINING.

NOTES FROM REEFTON. (Fuom Odb Owk Coriusspohdekt.)

Reefton, November 15.

Globe.—The weether having cleared again this morning, work was resumed upon the tramway, and everything progresses well. Two hands are also engaged timbering tho winze. Tho market has boon a little slack in these stocks to-day, but prices remain firm at 31s 0d (buyers). Eclipse.—lntelligence reached town this afternoon that a reef two feet thick had been met with in the crosscut, but nothing can be said yet as to the quality of tho stone. There is a run upon the shares "this evening, Is 6d being now freely offered Wealth of Nations have received a good deal of attention all day and have advanced to 13s. ' Lone Stars arc still on the rise, sales having been effected ou Saturday night up to 5s 6d. Just-in-Times are again coming into favour, standing at present at Bs. ;

Progress shares have gone almost out of notice for the timo being, but the price is given at 6s 6d. ... ■■■•

Eureka.—The directors held a meeting tonight, when it was decided to resume operation* at once in the mine. Owing to the easterly underlie which the Welcome reef is now showing (70deg), it is believed that the lode will be reached by the Eureka within a -very short distance of their main level. The shares, which stood at 4s 6d on Friday, are now quoted at 7s. The town is very lively again to-night, the streets being crowded, and a buzz of excitement prevails on all sides. So far from the spurt showing signs of running itself out, it seems to gather fresh force almost daily, and many believe that we are only now at the beginning of tho revival. It is really surprising where all the money comes from to keep the pot boiling, but it is certain that business is quite as brisk aa it ever was during the great revival of 1880-81, when Dunedin money poured in so plentifully to the district. <■■...' ■ ■ •;

Venus. —The weekly, scraping up on Saturday night gives 1440z amalgam. .

The National Bank have opened a permanent agency at LyelL Hitherto;the bank officials have only visited there once a month, but the demands of the district now necessitate the present shift. ' '.■■■■ ;!

Hokitika, November 16.

The returns from the Ross United mine for Friday, Saturday, and Monday were 720z 17dwt, with 39 picks in the faces. ~