MINING NEWS.

Inangahua Times, Volume X, Issue 1618, 26 October 1885, Page 2

MINING NEWS.

[From our Mining Reporter] Saturday, October 24. During the past week the share market has been tolerably active, and in the leading lines a fair business has been dove. United Alpines aud Keep it-Darks have been aud continue in strong demand, there being a good outside market for these stocks, but the prices offeriug bave not brought out many local sellers. Iv the smaller lines there has also been some business done, all teudiug to show .hat confi dence is becoming slowly but surely restored. This sign of improvement is all the more satisfactory aud encouraging becanse it has not been brought about by any kind of excitement, such as would l»e likely to lie produced by ; an unusually high dividend, or the striking of an exceptionally rich reef in a mine previously regarded as valueless. The improvement seems to be more due to the conviction growing outside ; that mining investment, with all its ( risks, aud ups aud downs, is after all i the most attractive oue now left to the Colony. It will be found amongst those who sufferd most by mining speculations in the past that it was the money they missed making, more than the < money they actually sunk in mining I which grieved them. Few men who ever j invested a pound in mining in Reefton ' but could have trebled and quadrupled their money at some time or other. ! Of course there is something of " the devil take the hindmost " iv this way of looking at the subject, but there is this to be said that the losses of those ! who bought shares iv the open market were as nothing to the losses of those ) who put their capital into the ground from the outset, and so helped to de- , velop the held. However, it is unnecessary now to follow the subject. It | will be admitted that whatever the I faults and blunders of the past, they : were, like the consequences, common ! to all. | The following are the battery returns j for the past week. Keep it-Dark- 200ozs of amalgam. United Alpine (Lyell) — 43_ozs. of amalgam. Ingle wood Extended— ls4oz of amalgam.