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The Greenbushes Tinfields : (from a correspondent). The Stock Exchange of Perth. The value of fine gold in Perth at the present time.
Record no:
Year:
[1889 or 1890]
Subject:
Notes:
"The value of fine gold in Perth at the present time" is a letter to the editor from Lewis Hasluck.
Kept:Press clippings book 1, p. 23
Type:
PressClippings
Abstract:
THE GREENBUSHES TINFIELDS.

(FROM A CORRESPONDENT.)

Nearly every coach brings visitors to inspect the tinfields, amongst whom
are delegates, experts, legal and mining managers, mining captains,
working miners, farmers and others, all knowing or pretending to know all

about tin mining.  Stream tin working is the most simple and inexpensive
of all mining, and most profitable when an ample supply of water is
available.  A cost of £10 is ample means to supply a party of six men to
send tons of tin ore to market from this shallow field; any greater
expense is superfluous until extensive works are required.

Mr Hawkes, M.L.A., of Ringarooma, Tasmania, who for many years has been
successfully engaged in stream tin mining, has inspected the principal
areas working, and from his practical knowledge and experience in that
industry his opinion should be most valuable.

The Bunbury Co's area — 82-75 — show a great body of tin bearing stuff
with rich layers of the ore.  As there is only the one paddock taken out
to a depth of 16 feet, it is difficult to say what extent there is of the
wash dirt.  The present mine manager appears competent to work in an
efficient manner.  No doubt when the little Tangye pump is set going a few
tons of tin will soon be sent to market and relieve the contributing
shareholders from further calls.

The West Australian Co's area — 82-225 — is doing more in the way of
prospecting than otherwise; getting coarse sample of tin.

At the Spring Gully Co's area — 82-230 — the new mining manager is making
good headway after the late management, and is turning out a fair quantity
of ore, considering the amount of water available for sluicing.

Bishop Gibney's area — 82-245 — shows a great width and depth of a face of
wash dirt, rich in tin.  A large heap is being raised ready for the rain.

Williams' claim — 82-332 — is being worked satisfactorily, and has 2 1/4
tons of clean dressed coarse grain tin ore ready for market.  That makes
10 tons already won from that area, and another heap is being raised.

The Greenbushes Co's area — 82-83 — is working with three men stacking
wash dirt.

The Floyd Co's area — 82-68 — have ceased working at present.  There are a
few loads of clayey wash dirt heaped up.

Cowan, Castilla & Co's area — 82-199 — is now being prospected, with a
show of tin.

Roger's & Cullinan's area is now being prospected by a syndicate, with
favourable results.

Pearce's areas — 82-335 and 82-336 — are about to be worked again.
Arrangements have been made with Adelaide capitalists.  There is a good
show of great depth of wash rich in tin on these areas.  Half a ton was
taken to Adelaide from a small space.

The Capon and Heath area — 82-481 — Capt.  Broad is blasting granite rock
supposed by some to contain tin-stone.  As far as my opinion is worth
anything, that appears amongst the most absurd works on the field.

Greenbushes, April 9th.

THE STOCK EXCHANGE OF PERTH.

The following are Saturday's quotations, the figures given representing
buyers' prices except where otherwise stated: Gold — Central, 28s. 9p.;
buyers 26s. 6d; Central Extended (pro.) 1s,; Caledonian (con.) 3d.;
Fraser’s 2s. 6d.; Fraser’s South (pro.) 20s.; do. (con) 5s.; Two Brothers
1s.; Union 1s.  Tin. — Bunbury (pro.) 6s. 3d., buyers 6s.; do. (con.)
buyers 1s. 6d.; Greenbushes (pro.) 1s.3d.; Spring Gully (pro.) 1s. 3d.
Investment Stocks. — W.A. Fire 19s. 6d.

THE VALUE OF FINE GOLD IN PERTH AT THE PRESENT TIME.

TO THE EDITOR.

SIR, — With 11oz. 1 dwt. of alluvial gold — the hard gleaning of upwards
of two years' exertion and privation on the southern goldfields — a friend
of mine, one of the earliest of the pioneer prospectors, arrived in Perth
a day or so since, almost exhausted with his long tramp and want of water
on the road, to turn his pure gold into current coin.  After wandering
from pillar to post, from bank to bank, the agreed all round price proved
70s. per oz., thus demanding about 20 per cent profit on the purchase.  I
trust this state of things will catch the eye of gold buyers from the
other side in order that lucky and unlucky gold diggers may get the full
reward of their labour, and that this Round Robin system of buying pure
gold may be broken up.
Yours, &c.,
LEWIS HASLUCK.
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