OUR MINES.

Inangahua Times, Volume II, Issue II, 21 November 1881, Page 2

OUR MINES.

-♦. (fbom oub miking deportee.) THE WEEK. Satubdat, Novrmber 19. Although tbe field can hardiy be said to liave taken any decided foreward stride during the past week, so far as outward visible signs are concerned, it is beyond any kind of doubt that the mining in* terest of tbe Inangahua never before stood as soundly upon its legs as it does at the present time. The heat of the excitement of last week b«s to some extent worn away, bnt contrary to all previous experience, there has followed no appreciable subsidence in the market price of stocks, and no better evidence than this can be desired of the soundness of investments, for had the value to which ioterests rose last week while the fervor was on been at all fictitious, we should now that the fever is off have seen prices recede as rapidly as they before advanced. That they have not done so may be taken then as a proof of the confidence felt. It i 3 worthy of remark that there is not a known line of reef in the district just now but is held either under lease or application along the whole length of its ascertained or surveyed course. In all, or nearly a 1 so s traces of atone, ond^goldbearing to a greater or less extent, can be shown on . the surface, and as there are hundreds of these leases, an idea may be gathered of the wide field which is here presented • for present and future enterprise. The following are the returns for the past week :— WELCOME — 11770z<? amalgam, from 90 tons of stone. For the fortnight, 7370zs of retorted pold, from 180 tons of stone. FIERY CROSS-1990z3 retorted gold, from 182 tons of stone, UNITED ALPINE (Ly£ll) : 38405w of amalgam, from 197 *ons of stono.