MINING INTELLIGENCE.

Nelson Evening Mail, Volume VI, Issue 8, 10 January 1871, Page 4

MINING INTELLIGENCE.

0 MR*. 11. J. L. ATJG-ARDE'S WEEKLY REPORT Culliford Shares, £2 10s. paid. Although several parcels of shares sire on the market none have changed hands. The slight pressure put. on by the Direction with regard to the overdue calls," is having the desired effect, consequently, a great many shares have been paid upon, -but at the same time it has created a desire to sell; shareholders must not forget that another call of £1 per share is due on the 16th insr. making £3 10s paid, Mr. Gill the* working manager, and Mr. Binney left town on Saturday for the reef. The wire rope, as well as the castings now completed by Mr. Moutray, will leave. Nelson this day for the seat of future action. Thus vye may look for everything being in onljer so as to enable the Company to begin CRU|hing at the latter end of this mouth or^me beginning of February. Perseverance Shares, £2 paid. Inactive, no disposition for business, a few shares on the market, but no investors. The mine recommences working operations ou the Bth insfc. The wet weather lately experienced in the Collingwood will give a good supply of water. No active measures have been taken with regard to the alteration requisite iv the race, but now. the holidays are over we may expect the work will be pushed on with. The half-yearly meeting takes place on the 16th inst. Pioneer Shares, £8 paid. Several shares ou the market for sale, but an absence of buyers. Nothing done yet in this Company. Tbe dull state of the market in England for copper ore, the price having fallen to £10 per ton, and the fact of several mines in Australia being idle, in! addition to the distracted state of the money market in London precludes anything like action at present. ~ , Lucky Hit Shares, £10 paid Masonic Shares, £12 10s. paid, and Mount Ophir Shares, *£9 r paid. Dormant. . Commercial Shares, £19 15s. paid. Nothing doing. The Directors seem disposed to let this mine remain idle. If anyy faith is to be placed ou Mr.Davis^s remarks, he seems to think favorably of this reef. Collingwood Coal Company's Shares, £140.. The Company is sending better coal over, not so much shale as hitherto. With the new year, fresh vigour. will be thrown into the works, and we majtfjKxpect larger consignments, of coaif'pr. .. a better quality than heretofore. . Doran's Goldmining .. Company, £1 10s. paid. In about three weeks': time, the machinery now being made by Mr. Moutray, will be completed. .A meeting of Directors was held on Saturday, when Mr. Gardiner, late of Victoria and the; West Coast, was elected working manager,' and con tracts" 'given but for* making a race, sawing timber, for fluming, machine-house,; &C. , -' _. /P. .. ;■ Waimea South Quartz . Crushing Company, Shares, 10s. paid. Machinery?' arrived at the. edge of the Bush in saTe|y . ' No contract yet given; out, to c carry ijt. oh.to the site, but we presume no delay will be; experienced. ' There is*, nothing settled . about 1 the atmospheric. battery, which.still j lies a$ the wharfi 1 '; '•'•*! '•■■■'■•■■> . ■ Sutherland Goldmining Company, ■ £l per share, *£10s. paid. -No transactions . to. ,reeord,\nor will-there, be: till- .the. -regis.- . tratioh fee of J2jr. 6d.per ; share-is. reduced; ; The general depression in trade precludes j anything like business in bur sharG" "market. Shareholders must' i w^it-''-paUetitly-.-aßd'^ay' their calls good humoredly^tillithe reefs are properly tested"; - ; 'The Cullifbrcl Company ... is getting everything in order, and willbe the; 'first^^li^prk.^ •T-h^Wal^ea<;S,*sa , tli .Quartzcr ashing Company will .che^ha second} asythefr machi&ery is a "long; Wajt* ■ ' ..•■■•'- ''"""-: "!' ..-'. ' "' ■X'\x#d'-;i y

on its journey. Doran's 1 are also.begiuniug in earnest,! and this will be No, 3 on the ground; riot "overlooking" Fawcett's twostamper, battery, already in Wangapeka; ) making; in all four ; batteries. Thus our : mineral wealth will soon be developed and proved, it is hoped, to the satisfaction of a -large body of patient shareholders. The luangahua reefs are being thoroughly investigated, aud 500 men are at work on them. Should these reefs, as well as the Wangapeka, turn out only half -wha.t-is anticipated, Nelson-has a bright future before her. Minerals and nianu- ' facta res seem the only resources left; far mi uk os .well, as grazing, is at at a low ebb. To relieve us from ihe present declining trade, money is wanted in all brunches of business. Our minerals.are our stock-in-trade, and in order to bring them to bear, all who can" spare & few' -pounds (and there ere many who cap, but dbn v*£) should" williugly assist 1 to-Work our mii_ies,'and hot hang aloof, "and'pronounce them'swiudjes, because a man-puts dowu £5, and does not obtain £10 for it in- three months' time.