MINING NEWS.
THE EXCHANGE G.M. COMPANY.
Mr E. S. Mansfield, legal manager of the above Company, has handed us the
following report, dated Southern Cross, July 29th, 1890, received from the
Mining Manager: — "I have worked the mill night and day on Fraser's South
stone, and stopped to clean up this morning at 4 am. Retorted gold out by
3 pm. 100 tons crushed for a cake of retorted gold weighing over 200 ozs.
I have sunk the shaft a further distance of 11 ft making a total depth of
93 ft 6 in., and raised quartz showing gold."
THE STOCK EXCHANGE OF PERTH
The following are yesterday's quotations: —
Gold— Central, sellers 18s, buyers, 12s; Central Extended, (pro.), sellers
6d; Fraser’s, sellers 4s 10d, 4s 9d, buyers 4s 10d 4s 9d; sales at 4s 10d,
4s 9d; Fraser’s South (pro.), sellers 1s 9d, buyers 1s 7d; Waterhall
(pro.), sellers 2s., buyers 1s; (con) 4d; Yilgarn, sellers 2s.
Tin—Bunbury (pro.), sellers 6s; Floyd (pro), 1s; do.(con.), 4d;
Greenbushes (pro.), 1s; do. (con.) 4d; Spring Gully (pro.), sellers 6d;
do. (con.), 6d. Investment Stocks—Perth Gas, sellers 27s.
FRASER'S SOUTH G.M. COMPANY.
It will be remembered that in yesterday's WEST AUSTRALIAN, it was stated
that in addition to the four ounces taken by chance from the retort cake,
Mr Nesbit, the local director of the company, handed to Mr B. H. Woodward
an ounce taken from the heart of the cake, for assay. Mr Nesbit also
assayed a small quantity of it himself. With reference to the assay of
the four ounces, Mr Woodward reported that the gold was 20 1/2 carats
fine, and worth £3 13s. 4p. per ounce. A similar result was obtained in
the assay of the smaller piece, and this confirmed by Mr Nesbit's assay.
THE STANDARD AND NEW BISCHOFF T.M. COMPANIES.
The following reports have been received by Mr B. C. Wood (legal manager)
from the Standard and New Bischoff Tin Mining Companies, Greenbushes. The
mining manager of the New Bischoff advised on the 1st August, that he had
over 2 1/2 tons tin streamed, dried and bagged, ready for carting.
The Standard's telegraphic report received 5th inst., stated that the
manager, Mr C. J. Pearse, had 4 tons tin ready for carting; this quantity
is the result of 15 days washing.
The work on the Standard Company's claim was proceeding satisfactorily.
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