MINING NEWS.

Press, Volume LVIII, Issue 10864, 14 January 1901, Page 3

MINING NEWS.

According to a private letter, recently received from the Coast, Mr A. Magnus, dredgemaster of the Leviathan Gold Dredging Company's dredge, has received intimation that it is intended to appoint another to his position, the apparent cause beting that Mr Magnus, acting in the best interests of the shareholders, and with the concurrence of the local director, Mr Druce, substituted Jones's tables for the ones previously in use on the Idredge. The previous tables, constructed to deal especially with the wash found on the claim, were found to be ineffective, as the wash could not be evenly distributed on them, the wash remaining on the first two tables, the others having only water. With Jones's tables it is found possible to distribute the wash evenly over the whole of the tables: indeed, with the new tables it is anticipated that good prospects will be obtained in the tailings of the area already dredged. There appears little doubt that gold was lost with the old tables which will be saved by Jones's. \A*hen the dredge commences operations, as soon as the new tables are fixed, and the elevator put right, it will be about three weeks before she gets into the solid wash. The "Grey River Art/us" says:—Mr McCormack, of the New Elver dredge, succeeds Mr Magnus on the Leviathan dredge. The return from the Nelson Creek Company's dredge, says the "AA'est Coast Times," although not officially made known, is reported to be slightly over 40oz of gold. Should this return be confirmed all dredging shares in this iocality wall experience a considerable rise in value.

The Lake Mahinapua dredge, says the "Grey River Argus, is working very smoothly The directors of the Woodstock Gold Dredging Company have, says the "West Coast Times," accepted tbe tender of Messrs Lucas Bros., of Christchurch, for machinery and elevators at a satisfactory price, to be completed within ten aud a half months. Plans and specifications for the pontoons are ready and the engineer has been instructed to invite tenders for their construction immediately. The Blackball mine has required more water to fill it than was anticipated at first, says the "Grey River Argus." Tho late rains have gone a great way towards extinguishing the fire, but more is still wanted. The water has now filled all the lower part of the mine and reached the seat of the fire, which would appear to be at the back of the mine. Once the seat of the fire ia submerged only a very few days will be necessary before' the workings can once more be cjened up.

CANTERBURY STOCK EXCHANGE. Sales were recorded on Saturday at the following .premiums:—Perry's Reward 6d, Red Jacks 3d. .... The following are Saturdays latest quotations, subjct to the usual brokerage:-A.1., sellers, paid, 283] Aldinga, buyers 6s, sellers 6s 6d; Avlmer Lead, sellers 2s; Bignell so Town, sellers par; Caledonia, sellers ss; Central Electric, sellers 80s; Claughesey's Freehold, sellers par; Commissioner's Flat, sellers p-r; Dart River, sellers par; Digger's Pride, sellers 6d; Dobson No. 2, buyers (paid) -7s, sellers 30s; r-rickson's Reward, buyers 8s; Ford's Creek, sellers -paid) 255; Golden Falls, sellers 26s 6d; Great AA'oodstock, sellers ls 6d; Greenstone Junction, buyers 255; Grey River, sellers, 695; Grey River No. 2, sellers 8s; Grey River Extended, sellers 3s; Grey Monarch, sellers 2s Gd; Hartley and ■."ley. sel'ers (paid) 140s; ilokitika Junction, sellers 2a 9d; Kohinoor Extended, sellers ls 6d; Marsden No. 1, buyers Is 6d; Mosquito, sellers 33 3d; Maori Gully, sellers Is; Maori h.mg, ls Gd; Murchison. sellers Is; New River, sellers lis; Pactolus No. 2, sellers 2s 6d; Perrett's Junction, sellers par; Prince of Wales, buyers ss, sellers 7s 6d; Red Jacks, sellers 6d;' Reeves' Proprietary, buyers (paid) 265; Reefton United, buyers 9d, sellers 2s; Teremakau, buyers par, sellers 6d; A ictory, sellers 8s; AVaimei, sellers par; Waipuna. buyers (paid) 255; AVestlaad, sellers 6d; Ay alpaca Creek, sellers par. (F-.KS-. ASSOCIATIO**. T*_X_GltA"-S.) DUNEDIN, January 12. The following are the Dunedin Stock Exchange sales to-day:—Callaghan's Creek, 4s; Central Charlton. 13s 6d; Endeavour, 2ls; Erickson's Keward, 8s 3d; Galvanic, 32s 6d, S3*; Grer River, 665; Grey River Conso,:dated, 3-i 9i; Meg and Annie, 68s; Merrimac, 365; Metallic, 25s 6d, 365; Nugget, Is 6d; Reeves' ProDrieturv, 265; Roxburgn Jubilee. 4s 6d; Upper Magnetic, 34s Sd; 'Victory, 7s 3d; Watterscn's Consols, 2s.

Janu.ry 13. Owing to thf high river, ths dr.dgt. n

the Kawarau and Molyneux hare not got started since ths holidays. The Molyneus has been running ten to twelve feet shove its normal level. The following ere the returns:—Alexandra Eureka, 450z; Charltou Creek, 34"0z; Mo!yneux Hydraulic, 330z "_d-vt Cgr; Ngapnra No. 111.. 17oz 15dwt; Waimumu, 2loz 4dv,-t; AVaimumu Central, _Coz ldwt; Waimumu Queen, 17oz lldwt; Olrig. 16oz 12dwt: Nevis. 15cz; Waimumu Extended, 12oz 3dwt; Gabriel's, 9oz 12dwt Sgr; Paul's Beach, 9oz 4dwt. GREYMOUTH, January I*2. The only dredge return so far for the week is that of the AVaipuna, 14oz 7_dwt. The exports for the week were: —Brunner Company, 2516 tons 14 cwt of coal, 116 tons 19 cwt ef coke, and 35 tons 12 cwt cf bricks. WESTPORT, January 12. Tho coal output from AYestnort last week was 934S tons 8 cwt, cf which the Westport Coal Company shipped Sl2B tons 9 cwt, and tie V.'estpor't C-ctperatiJie Company, 1419 tons 19 cwt.