THE WEEK.

Inangahua Times, Volume VII, Issue 1186, 23 October 1882, Page 2

THE WEEK.

Sature iy, October 21. The past week has given rise to nothing of special importance in mining matters, and the share market has maintained an uniformly even tone. There was some slight stir in Hopeful Extenders on Monday and Tuesday, but, buyers being more numerous than sellers at the figure quoted, 10s. Gil, very few transactions were effected. The rain, which has «fitinued almost incessantly througl^Qflrt/the week, has acted as a great drag 'fipo'iy all surface works, therefore but little prospecting has been done. Jn Friday morn- i ing last news was brought in of the striking of a reef in tlie Wiile-a-Wake lease and it was reported that a little gold was seen in the stone. The report tuned out ! to be correct and steps will now be taken to ascertain tho value of the find by \ cross-cutting. As this is situated on the ] Globe line of reef some importance at- ( taches to the discovery, and further de- \ tails will be lookedfor with interest. The t work of erecting the crushing machinery \ tor tho Golden. Point Company is being pushed ahead as fast as possible, but the ivet weather keeps everything back,

Similar remarks apply to the Lnnkey'a Creek Company. The chief portion of the machinery is now on the ground and its erection is going on as fast as circum.shineos will permit. The following are the ■ battery. returns for the past week :— Imi'krial. — 1270za. amalgam, (top plates) from 70 tons of stone. Welcome. — 4150z5. amalgam, from 90 tons of stone. Kekp-it-D.vkk.— 3(»sozs. of amalgam, from 198 tons of stone.