MINING INTELLIGNECE.

Nelson Evening Mail, Volume V, Issue 195, 4 July 1870, Page 2

MINING INTELLIGNECE.

M 3?. H..,J.,-L» AL^^DE's v ; , Gite Sha^Mor^&tlas^^tfe^ceydingLy )ddUvthiß;.Tfeeikj, r i^^i^siplq^M^^Qa !to sell, but owing ; 'to roe absence of^speculation, transactions— have been necessarily few. —',L \'-- j ': Cullifo^ ;Shabe^, l £Ji 17s. 6d. pai^ Particulariyrinactiy,e;;£ indeed until some] active measures are taken relative to machinery, one cannot expect anything else; The disposition is to invest if anything. : : PERS;EV/ERA^CE-;S,H4:K^S,r^Blr 10s. paicjt A few transactions this week, shares have handffafi^sß<,?^tjwhieh:pftc"e the: feeling 1 is to purchase, although the absence of news relative; to. the crushing, and the call of £1 due on therl^th, causes an uncertainty of action., 7 ~r . .. 7 . PION^ER •' ' '^HARES, "... $6- • . paid. Np,: business in roase/shj^es.this-jWpek.., T;he contract for sinking not being yet taken,; and the £2 calls coming due ia enough; to explain the inactivity, , :-:-w [\ ■<■' •■•' '■} ' ■, ; Lucky HM Sa^^lJT 8 P aid ' Nothing-doing, and no news of importance, works progressing. ; < T '"'y <' ' f J Masonic -'"'Shares, 7 £10 10s paid. No x busib'ess. '; f Meeung /of .shareholders called, but"- not responded to. CoMjpßcftkitSa^EV,* £15 paid. Inactive. '_ ~'''". L - t - r 'k" <■:■' ■'"'r:- r, ~ ' Transactions in snares have been rare this week> 'The! anxiety felt relative* to the second crushing" of the Perseverance may -be deemed ihe cause - Inconsequence of no news of^aayi importance having come to hand the markets have not rallied, but

,iemain dull Md^n^citijrp,; -It is quite that^tffWtepfNUny of our mines .hangs on the future operations of the . .P^Jseyer^Qnce Company ; it being the. first at work, and pur community being new to mining inve^raent,7they-nart£'raliy:idok to this mine as a sample,, and are. disposed, to judge r btßJßr^ by; Jta^adacg. -7 This style ofxeasonipg:^ time and experience are required to remedy ' it. T If tW'tiiv&tbri : bf '"the 1 Cullifprd"reef woufjaV'dniy before energetic' and push ; 'tne'busibess, ;, with f egard'tV obtaining maph,'jjTrtery,'.''and so .get a mihe v t.o''.^prk ( ' r .that J it is 'believed jypuld. ■'pay/ well,; it would i greatly, relieve the; market. There appears to be machinery for sale at the Thames, "could nb&S "battery be purchased * aud lauded T/ her,e at less cost than would 'be involved in bbtaining ifclfronv Melbourne ? It is r quite necessary ttat something like , action should^ be , taken, and if a battery ' were lauded herey '^ ; haje an incentiye ; tp.make roads, anii 1 tTius lessen the evils arising from procrastination .-..>c^ ./-"v.--. '<■: ■,;,■ ■'■./