OUR MINES.

Thames Star, Volume XII, Issue 3999, 22 October 1881, Page 2

OUR MINES.

I Summary of the, Wwk. ;'1 | The important, disco?eries of anri/erois Bodes in the Upper Cpuntry district! '.seetn to have taken sway all interest in Thames mines, and during the" past week Very little business has been .done at the " Corner " in Thames stock.;- Nothing of special interest has transpired, but we hope ere long to see the new company fid the Waiotahi (The Fame) io full swing, as by. advices from London we learn that it,has been favorably received there! This should encourage Thames companies to persevere in prospecting, as it shows that the English capitalists, at any rate, have sufficient confidence m the jield to lay out a few thousands in seekingffor the pM* cious metal. We also learn that the Southern Cross Company has, contrary io expectations, not been floated; This'#ill, no doubt, surprise many" of our readers, for it is the conviet&bn o£: namberr of experienced miners th«tVjtbe deeo levels will yet be the main stay of Thames mining. The, late disoqverJ. of good £old in the Kapanga mine, Cdromiadel, at a depth of 800 feet from the surface, has tended to strengthen this c fe«Kng. The Alburnia Company directors have decided to try and re-form the company with an extended' area of: ground.' We jfeajgiefjgiey may succeed, for this, company has r> distributed a great deal of money in dividends in its time, and though not pro. during so much gold lately, prospecting has been vigorously carried <jft|;|Bid the mine worked in a thoroughly systematic manner by ]- the present manager,!' Mr Thos. Eadford. There is nothing fof importance in the other mines.; 'Opera* tions are being vigorously carried oil in the Devon, VYaiotahn? and New Crown with satisfactory ret alts;'and the Caledonian,. Kuranui HiU, and Moana* tairi are prospecting with fair suooeM. Speaking of the Upper country districts, very little more has been heard of the Te Aroha find, but all who have visited it seem to be.well satisfied witK its genuineness. •'Waihi stocks are keeping up their prices, and. the Young Colonial has again advanced.; The trjii parcels which are- going to be crashed from the Young Colonial and Waibi claims will no doubt serve to-keep up the confidence hitherto- displayed in that field. Owharoa stock hajs ohapged hands at good prices, and it is expeefbd that the Sm\le of Fortune Company viiity/give «~ dividend to its shareholders this aids of Christmas. The. Smile ,of n JEfortiittte~ battery is how employed on quartz from the claims in this locality, and several returns will,shortly be to .band.., W^aitekauri has been the chief attraction this ! week at the Corner, and a deal of scrip, has chauged hands. The action "of the' shareholders in the Waitekauri N0..3 claim in forming a company to work their ground is commendable, and the^ price at which the stock went' into the,market anowed that the public hare every eo'nfjdenee 'in the richness of the deposits of the precious metal. in that piece.. of ground. \ The Moonstone company.,tejii^w»y^;th rew tools, &c, this morningV and operations' will be started at an.early ;date.u.l&ir Success stock are; keeping,up their price* and so far as we ban-leant,, there is. efery reason to suppose that they.wilUnmiQUt well. The Just-in-Time. is . aiaoh^ell spoken of, but the impendUig uit agajnst Mr Comes for non-working wjfrubjrew,* damper over it for thej : pre#j^.f. r :rfEbe Welcome claim is thoughibjr ntaMt.ia n>e> in a good position to get JntUtV^fttf, and as there is very little doubt about the reef carrying gold for its whole length; if they do get it they will 'speedily; become valuable. - >