AUSTRALIAN MINING.

Otago Witness, Issue 224, 28 May 1896, Page 17

AUSTRALIAN MINING.

Sydney, May 23. The investment markets in Sydney and Melbourne are well supported, but the firmness of holders of all kinds of stock*, and more especially of Government and bank securities, limits business Miscellaneous stock*- have changed hands freely of late at full rates. The mining revival in the market appears to have come to stay, and there has been another extremely busy week on all the intercolonial exchanges, very heavy business having been done. In Broken Hill stocks, Proprietaries, Junction, Junction Noith, British, and South groups have been in strong demand at good advances, and smaller-priced stocks have also been largely dealt in at improvements After easing a li- tie in the middle or the week, Pioprietariea had clooiug sales at 51a, Junction North at 37s 9d, and Junction at 82a. The market closed active and firm. In Taamanian silver the Vlount Lyell group have rapidly advanced, o*»iug to large speculative purchase?, chiefly on Melbourne account. In goid shares, each week sees new Westialian ventures added to the list, and dabblen, in ihese stork* are largely increasing. The buf<iiie--s done in thorn is widening daily, and is very extensive at advancing prices. The market closed strong. Victorian and Queensland gold stocks are also more in evidence at improved figures No sales. of New Zealand stock are reported this week. Intr re3t in copper has revived slightly, consequent on the improvement in London. Melbourne, May 23. A marvellously rich find has been made in Sharre and Barry's amalgamated min^ at Maryborough. Two huudred ounces of specimens, obtained from a pocket on the .Wft Wei, are estimated to contaiu >ver lOOoz of gold. Tue reef in large and shows gold freely throughout. Another rich discovery has been made in Hastings Brother's claim adjoining. Two loads yielded 9oz, exclusive of several ounces obtained in dish prospects. Hobart, May 23. Matters in connection with mining are showing a marked revival, inquiries being received from all, parts of the world regarding the mineral districts of the island Many abandoned fields are again coming to the front, and the Mines department is unable to cope with the inquiries and applications that are pouring in.