REFORM

Inangahua Times, Volume XI, Issue 1711, 31 May 1886, Page 2

REFORM

Tliis company had an interim cleaning up this afternoon, when the blanketings yielded 26Soz of amalgam, and it is estimated that the untreated sand on hand, and contents of the boxes show n yield fully equal to loz per ton. There has been something approaching to a panic in the company's slmiva iliuing the last twenty four hours, though it is hard to understand why. The shares at the beginning of the week stood at C/ 6, while on Friday eveninur, the liest price offering was 4/» though none could be obtained at that figure. There see in S not the slightest room to d >nbt that the crushing will reauh the estimated return of loz per ton, and in view of this it h difficult to account for the scare. True the reef towards the end ot' the week showed signs of thinning in th^ stopes, but this was hardly unoxpt'cted, fur t!ie same charrutevistic was sliiiwn nn the lcwl. At any rate the stope> s"iil show fair faeos of stone, and there is no room to suppose that tho lottery will n-»t he kept going full time. At tin- li.'i/miii'.ig or file present month the total l'abiliries of tlie company «lid not amount to £23, so that there is only the months pay sheet to he defrayed out of the crushing, and a dividend of sixpence or a shilling per share is certain. In view of these eircunski'iees it is puzzling to know how the " funk " originated.