MINING NEWS.
THE STOCK EXCHANGE OF PERTH.
The following are yesterday's quotations: — Gold: Central, sellers 18s,
buyers 10s; Central Extended (pro.), sellers 1s; Fraser's, sellers 5s 3d,
4s 9d, buyers 4s 9d, 4s 10d, sales 4s 9d; Fraser's South (pro.), sellers
2s 5d, buyers 1s 6d; Waterhall (pro.), sellers, 2s; Yilgarn, sellers 2s.
Tin: Bunbury (pro.) sellers 4s 6d; Floyd (pro.), sellers 1s; Greenbushes
(pro.), sellers 3d; Spring Gully (pro.) sellers 9d. Investment Stocks:
Perth G s, sellers 27s, buyers 26s.
THE TIN FIELDS.
A correspondent, writing from Bunbury, under date the 18th inst., states:
— "Last week fourteen tons of tin were brought into Bunbury. There are at
present about sixteen tons lying on the field fit for market. The
prospects of the field are steadily improving."
THE EXCHANGE G.M. COMPANY.
Mr Edwin S. Mansfield, legal manager of the above Company, has handed us
the following report, dated Southern Cross, August 11: For the week ending
August 9, 1890, I have sunk the shaft at mine a further distance of five
feet, making a total depth of 102 feet, reef about 3 feet wide; make about
200 gallons of water every twenty-four hours. At machine I have been
covering the boiler in with stone work, which will keep the cold air from
the naked iron, and consequently steam better and be a great saving of
firewood; also I have shifted exhaust pipes so as to condense as much
steam as I can with the small amount of pipes I have on hand. I have also
had to repair all rollers in well, which will work much better I am sure
when we start again. I have also excavated about 20 chains of drains to
the dam, to conserve as much water as possible.
TIN DISCOVERY NEAR LAKE MUIR.
Mr Andrew Muir has written to Mr Councillor Muir, states the Advertiser
(Albany) of the 15th inst., informing him that a party of prospectors have
made an important discovery of tin on the Topanup River near Lake Muir.
The tin is described as good as that got at Greenbushes. Lake Muir can be
reached, we understand, by road from Albany, Mount Barker, or Cranbrook.
It is a fresh-water lake, estimated to be three times as large as Princess
Royal Harbor [sic].
THE YUIN GOLD REEFS.
A SUCCESSFUL CRUSHING IN SYDNEY.
[BY TELEGRAPH.]
(FROM OUR CORRESPONDENT.)
GERALDTON, Aug. 19.
The following telegram has just been received from Mr Benjamin James of
Sydney: "Half ton of stone from Yuin, resulted in 19 dwts. 14 grains gold.
Fennel left yesterday."
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