Summary of the Week.

Thames Star, Volume XII, Issue 3921, 23 July 1881, Page 2

Summary of the Week.

Our mining weather guage—the Thames Broker's share list —has given indications of renewed activity during the past week. Though operations have not been very extensive, still they have been sufficient to give us a glimpse of the approaching dawn of more prosperous times, as the upper country gets more developed. 'I he reefs at the Waihi have attracted great atteniion since the result of the Prospector's crushing at the Owharoa battery has been known, cmsequent on the rare quality of their gold—a sure indication that the reef system (and not leaders only) is here more defined and fully developed. The Waitete and Jones'lease amalgamated have just had a meeting in Auckland, and are going to erect a 20----stamper battery at once, and for the matter of that so are the Prospectors (or Martha), we hear, going to have a battery of their own, the necessary " rhino" coming from a private source of course, for a share in the good things which that claim is prophesied to contain The adjoining claim, the Young Colonial and Maria Amalgamated, has also felt the influence of the test proof crushing, and its shares are at a premium 1 30th having changed hands at £30, and sellers are now asking £40. In fact, we know for certain a little further on, shares ihat could have been got for £10 a fortnight ago are not to be got for four times that amount now —as a gentleman who was interviewed for a share in the Waitete Company said, " Wbat I wanted then, is not what I want now —I want three figures for that share." " Oh, thank you," said the interviewer, " can't do business at that figure." But this Koes to show the confidence entertained in the reefs there. We are happy to hear also that the tide of prosperity has flown in to Waitekauri, and a revival in mining matters there is fully assured. Butler and party, tributers iv the Waitekauri mine, it is rumoured, will clean up before the end of the month for the magnificent yield of about 1600ozs. Owharoa, too, is in a for ward state of development, and t:iafc locality also, will contribute materially to our gold yield. • Coming nearer home, we are glad that in the Whau mine there are signs of good times to come, as the indica tions in the cross cut being put in by the Albumia have proved, specimens of the precious metal having been discovered in the Sons of Freedom reef, sufficient to warrant something good being expected when worked on. In the winze going down to connect with the 160 foot level, good gold has also been found, and indications point to the probability of that once famous old mine coming to the fore again. In the Alburnia the manager is vigorously pushing on the work in various parts of the mine, but as yet, nothing of any importance has turned up to cause a titillation of the senses—better known as " scrip-fever." Iv the earlier part of the week sales were quoted at 22s 6d. In the Moanatairi, matters remain unchanged. Earlier in the week we noted the application to the Warden, made by Mr Walker, re a mining venture in the Waiotahi. We certainly wish its promoter all the success he will deserve it' he but carries half his project through, the renlisation of which would teud a good deal to the prosperity of the town. There is nothing of importance in the other mines. Devons have ranged at 7s, Southern Cross at 3s, Golden Calfs have not realised expectations, but there is yet plenty of room in that mine, we believe, to electrify the market some day. The flood last Saturday night seriously affected the mining industry on the Thames, aud no doubt the saiall weekly gold return we chronicle to day, is uiostly owing to the impassable state of the roads and to the stoppage of all the batteries except one.