THE STOCK EXCHANGE OF PERTH.
The following are yesterday's quotations: — gold: Central, sellers 22s,
buyers 18s 6d; Central Extended (pro) sellers 1s; Fraser's, sellers 4s,
buyers 3s 6d; Fraser's South (pro) sellers 20s, do. (con) sellers 5s; Two
Brothers (con) sellers 6d; Waterhall (pro) sellers 2s; do. (con) sellers
6d; Yilgarn, sellers 2s. Tin: — Bunbury (pro) sellers 8s; Floyd (pro)
sellers 6d, buyers 6d, sales at 6d; Greenbushes (pro) sellers 1s; Spring
Gully (pro) sellers 9d, do. (con) sellers 6d, buyers 3d.
THE QUEENSLAND MINES.
We have to acknowledge the receipt of the report of the Department of
Mines, Queensland, for the year 1889. The report is of a very
satisfactory character. During 1889 the total yield of gold rose to
739,103 oz., as against 481,643 oz. for the year 1888. The average yield
per ton also increased from 1 oz. 14 dwt. 11 gr. per...
.
Mr B. H. Woodward's report upon the Central crushing, contained in the
WESTERN MAIL of the 16th inst., appears to confirm the view I then
expressed, and while I have not the most remote desire to reflect upon the
worthy, careful and painstaking manager of that mine, and while I consider
that his displacement would be adverse to the Company's interest, I yet
venture to say that this report must be eminently unsatisfactory, both to
the directors and manager of the Central mine.
To secure this report was no doubt a step in the right direction. It is a
hopeful sign when loss is recognised, but it is not always so easy as in
this case, to prevent its continuance.
The experience through which this community is passing is nothing new in
the history of mining enterprise. The same difficulties have been faced
and overcome elsewhere, and I do not know that any one need be ashamed of...
by the fall of earth and rock, and most of the accidents might have
been averted had the miners exercised a little more care in carrying out
their work. The report speaks highly of the effectiveness of the safety
cages.
ENGLISH CAPITAL FOR WEST AUSTRALIAN MINING INDUSTRIES.
FORMATION OF SYNDICATES IN LONDON.
[BY TELEGRAPH.]
(FROM OUR CORRESPONDENT)
ALBANY, July 2.
Mr L. Ellis, who was for many years in the Nor' West, returned by the
M.M.S. Yarra yesterday. He reports that a Syndicate, with a capital of
£200,000 has been formed to develop the mineral resources of the colony.
An engineer and others who have been here for six weeks, proceeded on the
1st inst. to the Bridgtown [sic] tinfields, and the Collie River and
Flybrook coalfields. Mr Tait, head of the Liverpool Technological Board,
says that the Bunbury tin is the best he has ever seen...
more...