Mining.

Dunstan Times, Issue 1843, 19 November 1897, Page 5

Mining.

Mr H. F. Nees is the successful contrac* tor for the construction of the pontoons for the Unity Company's dredge. The building site will be at Mutt on town Gully on the opposite side of the river. Messrs Sievwright linos, and Co., Dunedin, we understand, hate th«option of purchasing the Victoria' Dredge* with a view to forming a Company and placing heron the Island Basin claim, below Alex** andra. Mr Reynolds, consulting engineer, was in Alexandra and ClydeJh the early part of the week, in company with Mr Sievwright, and inspected the dredge and also the claim and he appears to have a very high opinion of both the dredge and the Island Basin. ALEXANDRA. The Enterprise dredge's return for last week was 18oe 18 >wt 2grS. Tue Chicago and EirnSaleugh No. 1 dredges are reported to he doing very will The Mo» is still overhauling. The Golden Point Company have pegged out another 30 acres close to the Mmyueux -river, a little above Alexandra, and ad* jo ning their p e-ent claim. Itig expeceo that Mr Roher-s w.ll have the plans fo< the dre tge finished shortly, as the company do not m tend losing much time in gett ng to work. Mr T. Allan bought a quantity of the pipes s. ld by the MMy auX Hydraulic C inpany on Saturday ’ la-i a d iutem'b losing ■ o time n ge tiuvt a start sluicing at SpriUpVale. Mr Lilian few leased tue Company’s water m ■ The machinery for the Win Rock Co® pa ay's dredge c mt.nues to arrive, anu Jt is expected to make a »ta. t dredging about the end of January. ... The Tnrabina dredge is working splendidly, and will no doubt give a good account of herself shortly. The Manorbnrn dredge appears to be working very steadily, and is getting over * co xl bit of mound, Mr James Kelman, on of the Eatps* oleUkb Dreogin-' Comp my, No. 1, purchased a lot of 16m pipes at the tale last Saturday, anu is busy gttting them carted over to the claim at Sandy Point, as the Company ia anxious to take advantage of the good water supply to sluice off some of the lop stuff. BANNOCKBURN. {FROM OCR OWN CORRSSKWBECT,) Mining affairs are fairly brisk at present, as most of the mineis are preparing for the Chri-tmas wash-up. . Messrs Patterson and Coy, had the misfortune to have the flaming of their race blown down at Smith’s Obllj by. the gals on Saturday night. This company has been very unfortunate. They have two or three high flumings at d.fferent parts of their race, and these have been blown down repeatedly, putting the company to a lot of expense, besides loet time in the claim. The Golden Gate Reefing Company are busy crashing just now with their trial battery. They have about 400 tons of stone ready to crush, so they will be busy for some time. Messrs Lawrence Bros, are also crushing at the • Day Dawn ’ battery. ROXBURGH. {FROM OCR OWN CORRESPONDENT.) The Golden Treasure Dredging Company last week obtained 18oz. The Otago Dredging Company washed down on Saturday lor 21oz. The Pleasant: Valley Gold Wining Coy, washed down on Thursday for 4l|oz. At a meeting of the directors on Friday evening a dividend of 4s per share was declared payable this week. Total declared to date is 12s. There was a good deal of expenditure during the month, as a lot of new plant, etc., had to be paid for. it is expected that the shaieholders will be reimbursed before the end of the year to the extent of the capital called up. The Roxburgh Amalgamated claim is undergoing several al'eroious. No, 2 high Hit hj 8 been iiisma-tled, and a pmop erected instead to take away .he tailw. ter f:om No. 2 lift. Ihe flaming in No. 1 Site has been taken do an, and another elevator bar teen put in posithn below No. 3 liftThe manager has had a nozzle put at the tail of No. 2 lift. This can bo uai.d when necessary to blow away the accumulated idlings, thereby dispensing with the continuous work of a lailman. ... The river rose on Sat in day night to «be lift level, but fell 3d by Monday af-er-n°Tbe Ettrick dredge did not wash-up last week. • The Bengerburn dredge for the week ending the 8 hj inst. won 74 X. The Dunedin drege is txpecfced to recommence wmk during this week, Tbe adjourned annual meeting or the Roxburgh Go d Steam Dredging Company will be held in Dunedin on VVedn.sdsy evening, when it wi.l be decided whether to liquidate or raise more capital. The liabilities of tbe company at pMeenb a-e 1.241 9s lid and -he 19s lid, leaving a debit balance of LIBB 10s. Jo put tbe dredge in thorough repair and put on » tailings elevator would cost ftom LBOO to 1 1000. . , . Tbe Edina dredge is reported to have struck acme veiy nice-looking wash. Before getting on to the wash the dredge had to woik tlnough a wall of stones, which formerly were pait of a wing dum of an old sluicing claim. . For the week endum the fath inst. the Golden Treasure dredge obtained 14ps 6dwt, and the Otago dredge 240z ddwte WRERLY SHARE REPORT. Harman Reeves, sharebroker, 79 Piinces street, Dunedin, reports as follows for the week ended the 13th November, 1897 f DREDGING COMPANIES. Otago 27s to 28s ; Golden Treasure. L2 IDs to L2 15s ; Sew Hoy. 6d to 9d } Dunedin 5s 3d to 6s 34 ; Enterprise, 45s to 50s ; f!olden Gate, 23s to 25s ; Golden Run 22s 6d to 23s 6d ; Upper Waipori (vendors) 3« to 3s 6d Upper Waipori, (contrib) 2s 6d to 3s Jutland Flat (vendors) Cs 9d to 7s 3d Jutland Flat, (contrib) 6s to 6s 6d ; Ettrick (vendors) 22s to 23s 6d ; Ettrick (contrib.) 21s to 22s ; Golden Crown 21s to 22s ; Nevis 18s to 19s ; Magnetic (contrib) 6d dis. ; Hartley and Riley (contrib) par. ; Golden Beach (contrib) par. ; Golden Point (contrib) 6didisc. ; Evan's Flat (contrib) 6d discount. Molyneux Hydraulic (B), 30s to