MINING.

Star (Christchurch), Issue 5699, 19 October 1896, Page 4

MINING.

PPer Press Association.! LONDON, Oct. 18. South African and Australasian mining snares have depreciated a hundred and twenty millions in the year. AUCKLAND, Oct. 17. The Himraki return i? 20850z 14dwfc, value .£6200, from 303 tons of stone. A cablegram was received to-day stating that the Waitaia Company had gone to allotment in the London market. The Victoria crushing for the t past month was 130 loads of ore for 2250z, worth .£620. The Komata Triumph directors have accepted the following offer for the purchase of the property by a home syndicate :— Capital of the company .£160,000 in £1 shares, working capital of .£25,000 to be provided, the present company to receive .£3OOO cash and 50,000 fully paid up shares, .£IOOO of above cash (including deposit made to-day) to be paid by Jan. 15, 1897, shares and balance of cash by March 14, 1897, the purchasing syndicate to have the right to employ six men in prospecting work in the mine, commencing forthwith. The option for the flotation of the Alpha property has been extended until Dec. 17, the working expenses of the mine to be borne by the negotiators. WESTPOET, Oct. 18. The coal export for the week ended Oct. 17 was 4505 tons 13 cwt as follows : — Westport Coal Company 3747 tons 7 cwt, Cardiff Company 758 tons 6ewt. ' GEEYMO.UTH, Oct. 18. ' The export of coal . products during the .week was-1341 tons. . • [From Our Correspondent.! EEEFTON, Oct. 17. Saturday midday qtxotations : — Big Eiver 25s to 265, Buller Dredge 6s 6d to 7s, Cocksparrow Dredge 2s 6d to 23 9d, Cumberland 3s to 3s 3d, Dillon Extended Is 9d to 2s, Exchange Is 6d to Is 9d, Golden Lead 2s 2d to 2s 3d, Hercules 3s to 3s 3d, Humphrey's Gully (paid up) 19s 6d to 20s 6d, Inglewood Is to Is 3d, Lyell Creek 2s 9d to 3s, Lord Edward 2s to 2s 3d, Keep-it-Dark 203 to 21s, No. 2 South Keep-it-Dark 2s to 2s 3d, Success 9d to Is, United Alpine 16s to 17s, United Italy 9d to Is, Welcome (paid up) 5s to 5s 6d. Weekly returns : — Buller Dredge, 250z lldwts of gold for 126hrs dredging ; Al Tributors, 61oz 18dwts 12grr of retorted gold from nine tons.