OUR MINES.

Inangahua Times, Volume II, Issue II, 7 November 1881, Page 2

OUR MINES.

» (fbom oub mining bepobteb.) Satubday, November 5. Tbe past week has been full of interesf and excitement in mining c ; roles, and tbe advancement made in tbe market price of many stocks has been almost unpre* cedented. Early in the week the Wei* come bounced up in the market from £5 to £7, and at the latter figure bona fide gales were effected. The striking of the reef at tbe low level of the Keep-it -Dark subsequently drew away attention, and for some days monopolised speculation. Some very extensive operations were effected, tbe sales ringing trow 17* 61 in the earlj part of tbe week to 38< freely offered on Thursday last. Tbe cutting of tbe reef is certainly a most propitious omen for tbe future of the Murray Creek district. It is fifty feet deeper than any stone hitherto worked in the mine, and tbe fact of such a magnificent body of stone existing at that level raises the best hopes for tbe future of tbe Jnangahua Fiery Cross scrip also received some attention during the week as also Just* inVrifncs, both of which mines promise better than they have done for years past. Early in tbe week tbe reported striking of tbe reef in the Specimen Hill cau?ed the shares to change bauds at a considerable advance, but later inteU ligence did not confirm the first report, and operations tapered off. It is understood, however, that tbe track of the reef has been found, and holders of scrip are consequently on the alert for s rise. Golden Treasures have also improved during the week, and are now more firm than ever. Upon tbe whole the prospects of the field generally are thoroughly sound, and the many fortunate operations transacted tbrbugh the week have given a strong stimulus to investment, and the result is that work is being pushed ahead in many outsiders, which have been idle fcr months past. The Welcome, Eureka, Homeward Bound, nnd other Boatman's claims are now thoroughly fenced in with speculative applications, and these together offer great scope for urrestment during the next few months* - THE LYELL. Tbe news from the Lyell during the past week A»as been of no special in* terest, although the United Alpine continues a ftiyorile medium lor inresiaaewtrTbe following are the returns to hand lor the past week : WELCOME, for 5 days, !007oz* amalgam ; the fortnight, 673>zs retorted UEITKD ALPINK (Lyell) 6ilays 180 tons, 244 zs aomUara ; for the month, 957 tons, 4310zs retorted gold ______