MINING NEWS.

Westport Times, Volume VIII, Issue 1152, 20 February 1874, Page 2

MINING NEWS.

In the Lyell share market Break-o'-Day's are quoted at 20s. Central's held for £7O per half share; Lyell Creek's, £25 per quarter ; Oriental, halves, £3O; Central Buller, £25. Forfeited shares, to the number of 3283, in the William Tell will be sold by auction on Saturday at the Lyell Application has been made to register the Central Quartz Mining Compauy, Lyell. The nominal capital is stated at £IO,OOO, in £1 shares, and the estimated value of claim and works is stated at £SOOO. AoDlications have been also made to register four other companies at the Lyell:—The " Tambaroora," £IO,OOO, in £1 shares, claim and works thereon valued at £8000; the « Maruia," £28,000, in £1 shares, claim and works thereon valued at £14,000; The "Long Drive," £IO,OOO, in £l shares, paid up capital, £2 )( 0 ; and the " Stella," £2 0 00, iu £1 bharoi, paid up capital, £SOOO.

The llainy Creole Couipuny sire calling tenders for the erection of a 20head battery, 30-horse power engine, and necessary buildings. The Fiery Cross crushing yielded 538 ounces of melted gold from 403 tons of quurtfc. The following alterations in the charges made for the (-village of gold at the Melbourne Mint are ga*etted 4 and are now in force—"On parcels containing less than lOOOoei standard at the rate of 54 peroUnce (standard). On undivided parcels containing not le.-s than IOOOiz standard (to be melted and assayed in one lot), sit the rate of 3d per ounce (standard). Fine silver over and above 2 per cent., instead of only that in excess of 4 per cent, (as fixed by Order in Council of 12th June, 1872) contained in refutable gold will be paid for at the rate of 5s per ounce.