MINING NEWS.

Inangahua Times, Volume VIII, Issue 1295, 9 July 1883, Page 2

MINING NEWS.

- — ♦— . ... [From oue Miniko R-BPoiwEitrj The sl<aremarket has been rather slatsk- during th« -week* *ttdr '& :^bT I thing priceshave slightly rece Jed; but a good feeling still prevails, and abund ance of capital is ready for investmeni the moment a favorable opportunity offers. One feature of the week is the number of advertisements which liavt appeared from the managers of different companies, announcing thai shares forfeited for non-payment oi calls will be scM by auction. Thes< notifications.are, however, for the mos part, merely formal, being simply per emptory demands upon delinquen shareholders, the bulk of whom will no doubt, pay up before the day o sale comes round. The present montl has been a little stiff upon shareholders but as all the capital now being calle< up is being expended either in th erection of machinery, or in works ira mediately preparatory to crushing contributors may take heart of groc that relief is at hand. The Glob Company's works have made gooi headway during the week, and a ver few weeks will see the last section o the race completed, by which tim everything will be out of hand. Wor! is going on continuously at th Lankey's Creek Cement battery, am the parcel to be put through will b sufficient to afford a fak test of th value of the portion J4 of the mm now being worked. The following are the battery re turns for the past week : —