MINING NEWS.

Dominion, Volume 1, Issue 76, 23 December 1907, Page 10

MINING NEWS.

(BY IELKGHAriI—SPECIAL CORRESPONDENT.) Auckland December 20. The corrected returns from the Waihi Mine to the period ending July 13 last are now avail-' able. These show that the bullion, won from January to the date named this year realised no less than £26,795 more than the published returns. This brings the total output to date to £6,207,842, and that for 1907 to £796,214, or £-11,713 loss than for the whole of 1900. As the returns for six more months have yet to be corrected on- the actual realisation of the bullion won since July 13, and as one more return has still to come in, there-is not the slightest doubt but that tho gross yield for. the current year will largely exceed that of last year (,£837,927). According to the corrected figures now dealt with the record return this year to July 13 was that for the period ended April 20, when the bullion .won sold for £89,906. Tho following are'the actual figures, the returns as published previously being given in parentheses :—Period ended January 20, .£55,389 (,£53,038); February 23, £66,680 (£63,235); March, £07,599 (£G3,090); April 20, £69,906 (£61,010); May 18, £67,527 .(£64,196); June 15, £66,710 (£63,450); July 13, £68,323 (£64,320). . J In tho Karaugahake Mine 101b. of picked stone has been selected from the new reef, and gold is reported to b*e showing in tho lode. The price of shares is steadily rising. ' At the sitting of the Wardens' Court the Talisman Consolidated applied for protection for twelve months for the Imperial special claim ,at Karangahake. The application was objected to by the 1 Thames Miners' Ihdustriol Union of Workers. In support of the application Mr. Moresby read a declaration by Mr. Stansfield, the general manager, stating that the present company had expended £409,791 on their claim, and although they were only compelled by law to employ 81 men, yet they employed 305. The company desired to work their properties by means of a, low level tunnel, which was being driven from the other portion of the company's ground, and which would take about two years to reach the Imperial ground. ■ Mr. Porritt, who appeared for the objectors, submitted that as this area was in excess of tho area of 400 acres allowed by the Act, it must be manned only on its own account. Ho submitted that tho ground could be advantageously worked from tho surface. The Warden granted six months' protection, on the condition that the ground was open for tribute, and said that at tho end of that tinio tho company' would be required to show that the driving of the tunnel towards the Imperial ground was being proceeded with expeditiously. REPORT ON BIG RIVER. . 1 Reefton, December 22. The manager of tho Big River mine reports:—Driving at No. G level has been continued for a total distance now of 167 ft. from; the crosscut. While driving in the early part of tho week the reef track cut out, but now thero aro a few inches of stone in the /nee. In tho leading.stopo over the branch level a little work has been done, the face of tho stope standing with an average width of 12ft. of stone. At tho No. 2 level driving has been continued on the hanging wall Eide on a good track, carrying quartz boulders, in which are colours of gold. Thirty tons have been broken for the week. Tho clean-up at the, battery resulted in 7510z. : lOdwt. retorted gold from 400 tons.

DREDGING. Dunkdin, December 22. Tho following additional dredging returns aro to hand:—Rise and Shine 11, soz. 17dwts.; Wnikaka Queen, 48oz. lOdwts:; Rise and Shine I, 400z.; Otago I, 270z.; Sandy Point, 2Goz. Udwts. figrs.; Otago II 230z.: Molyneux Kohinoor, 17oz. 12dwts.; Clutha River, 17oz. 7dwts.; Enterprise, 17oz. 7dwts.; Golden Bed, 170z.; Olrig, 15oz. 3dwts.; Royal Waimumu, 156z.; Molyneux Hydraulic, 12oz. 6dwts.; Switzers, 12oz. STOCK EXCHANGE. |BT TELEGKArn.—own cokbespondent.] Auckland, December 20. Stock Exchange sales:—South British,'- £5 10s. 9d.; River Plate, 30s. Gd.; Kauri Timber (contg.lj; 9s. 3d.: Thames, Is. 3d.; Victoria, Is. 5d.; Waiotahi, 3s. Id.; Comstock (cOntg.), 10d.; Champion (paid), 4s. 4d.; Golden Belt, 2s. 9d., 2s. 10(1.; Karaiigahake, 25., Is. lid, 25., 2s. Id.; Rising...Sun;. ". .9(l.; Tuihoa, 7(1., 7Jd.; Tairua Broken, Hills, 4s. 3d.; Tairua Extended, S\A.; Tairua Triumph (contg.), 2s. Gd., 2s. 10d.; Talisman, 535., 535. 3d/, 525. fid.; Waihi, £8 Bs., .£8.:75;.6d.,y£8-Bs,.'to'r£BrCs. Gd.; Waihi Beach, 8ld;; v Waihi -'■' ss. 3d., ss.- 4d.; Ngatiawa, Is. 10(1. jijvvt'-.;