Mining at MacQtoivn.

Otago Witness, Issue 1665, 20 October 1883, Page 12

Mining at MacQtoivn.

(FROM OTJB OWN OOBRESPONDENT.J Macetown, October 12, The All Nations Company are on good gold in both their passes, the best prospects being got in the faca ol the fctope going west— that is, inco the hill. Ail the Btone which is now being rai3ed in the mine is lairlv payable, the reef being of an average width of from Sit to 4ft. The prospects of thta mine never were better than they a c at present. „„„_._. The United Company are malting splendid progre9j with their adit, as the country penetrated is free and easily worked. Should this state of thipgs continue, crushJngs on an extensive scale may yet < c expected before the end of the season, as the reef averages n( The Giadßtone Company are about getting the public battery into working order, and crushing will accepted a tender for the haulage of their stone to the Maryborough battery, and will rtart crushing as soon as the latter's stone has been PU At Advance Peak work is about to be resumed. It ia to be hoped that the coming summer will convince parties that it will be far more profitable to enter one general main adit to serve all the companies at a evel which will make work possible all the year M sSe' Homeward-Bound are about to erect a water balance to drain their winze. The good stone still continues. A word may be said here about the manner in which the price ol mining Bcrip is arrived at. In tho local paper the price of All Nations scrip, for instance, is quoted at 2s 2d. Ido not wish to depreciate any Bcrip whatever, but 1 would like to know how this estimate haa beon arrived at. The All Uatlons Company has an expensive pl&ut, comprie.ng «el!-acfrog tiamway, 4c, has between 80 or 100 tons of excellent quartz at the paddock, is well opened oat by* main adit and parses, and is on good gold ; yet its scrip is quoted at 2s 2J, while scrip in mines which have barely been started is quoted at nearly double Miatfteure. I refer to this as a hint to buyerß »ho are but too often led by these quotations, which may or may not have been concocted lor a purpose. The Invincible Company at the Bees Valley is about to retort the first cake of the season, which is expected in Queen-town this week. It is reported that very good gold has been struck since operations have been resumed this season.