Notes from Reefton. (From Our Own Correspondent.) Reefton, October 25.

Otago Witness, Issue 1966, 29 October 1891, Page 15

Notes from Reefton. (From Our Own Correspondent.) Reefton, October 25.

The following are tho battery returns : -Big River, 4020z amalgam from 87 tons ; Globe, )83oz amalgam from 160 torn ; No. 2 Dark, 1360z amalgam from 92 tons. Ootober 26. The following Ib the Stock Exchange report :— She amalgam returns for the week are— Big Eiver, 4020z front 87 torn ; No 2 Keep it- Dark, 1360z from 92 tons; Globe, 183oz from 160 tons; and Ingle wood trlbuters, 930z from 55 tons. The United Alpine will clean up next Saturday. A fair amount of buiinesi has been done, the event of the week being the discovery of a reef over the main level In the Pandora mine. Sales were made up to Is 9d, and although the demand has oooled, tbe position of the ground and the great length of auriferous reef traok driven on, justifies the belief that a sim Par block to that being worked in the No. 2 Keep-It-Dark will be discovered by systematic prospecting The discovery of another Use of quartz lode, carrying rich gold in the Golden Bar lease is cheering news, and has oauied a demand ior the shares. In Big Biveri a few sales have been made below last week's quotation!, but with this week's grand return prices should recover. Sir Francis Drakes have buyers at •mall prices. Satisfactory progress is beiDg made by connecting with tbe main shaft. The central position of the Sir Francis Drake battery with regard to Scotia. Gallant, H»rd-to-Find, Exchange, and other mines in work, either developing or prospecting for reefs, should, irrespective of the value of their own mine, make these shares at least twice their present prices. Bmpresses, General Gordons, Exchanges, and Sir Charles Bunells have had very limited business, all being engaged in progressive works at present off •tone. The Gallant is rising on the reef, with every probability of another crushing before Christmas. The. return of 550z oi god from a trial crushing of 118 tons, and the little work required to open this level, is most satisfactory, and the mine augurs we 1 for the future. In Globes prices have receded, con Sequent on the falling off on thn week's amalgam. There U abundance of payable stone in sight, and a dividend ii confidently expeoted at the end of the month. Cumberland is accumulating quartz for a crushing, which will start at the Sir Francis Drake battery in about a fortnight. Work in the Low Level Is being pushed ahead, and the erection of the battery (the ironwork for which it nearly all on the ground) Is being vigourously proceeded with. Inkermau started crushing, with 16 hands on the ihtft, on Wednesday. Twenty stands will be employed on Monday. irad the number will be InCreased as more etopea are opened. The mine it opening out well between No 2and No. 3 levXand good returns are expected. The Hard-to-Find tramSSJ^ tb n 8ir f F ™ nol » Drake battery is nearly comS^VSh^a 01 ? tf W crashing be tfuoked over It at the end of next week. Tbe tfo. 2 Keep-It-DarU mine I. looking well, and the blook proving longer than was anticipated, chares are very^rm at 1% 3d. The Heroules reef is looking well, both for permanency and quality, but very little business has peen done in the share*. " """