Mining.

Dunstan Times, Issue 2087, 23 July 1901, Page 5

Mining.

Two loads of timber for the Kawarau 'Junction dredge passed through Clyde on Friday last. /Timber for the Riley's Beack dredge is coming to hand, Two loads wore landed at the site on Jfridad last.

The -secretary of the Dunstan Lead Dredging i orapany reports having rece.ved the to.lowing from the dredgemaster, dated 13th inst:—Centrifugal pump.—The shaft came to hand, and was put into position, and the pump connected Engine itoom.—The engine room is ail rooted in and lined- The engine is cleaned and rtady for a stait. Have had steam up on boiler 140lbs pressure. All rivets and joints fairly tight. Have had steam on which, which works well. The diedge is shifted down the river to where the e evator ws put together, and now. ready to put the elevator on when everything comes to hand. I am sorry I have not more progress to report to you this month. When the gear did land in Weddcrburn tue roads were very bad, and no waggons travelling, so we could not get it on. 1 had a wire that it was loaded on Thuisday, so it should be to hand any -jinie now. I hope to be able to inform you that I am leady for a stait by the director's next meeting. A faatisiaotory trial run was taken out of the Boundary Creek yesterday. The annnal meeting of the Magnetic Co. announced for Wednesday last, lapsed for want of a quorum. Of the [3O shareholders 10 could not be found sufficiently inteiested to attend. The meeting accordingly stands udjourned until Tuesday 23rd inst.

Mr Fache, late of the Waipuna dredgo, has been appointed master of the North Beach dredge, West Coast. The Stir,ing dredgp (says the 'Bruce Herald ') is reported to be on very g jod gold. r J he returns for the past six weeks have averaged 30oz per week. The uairnmuir worked steadily last week, but did not wash-up, We understand that she has not yet bottomed. A load of machinery for the Sailor's. Bend passed through Clyde yesterday en route for the claim,

A load of machinery (including a number of buckets) arrived yesterday for the Bendigo dredge.

The Kelly and Casey washed up last week for 15oz 15dwt. This retuin for her first week's work is considered highly satisfactory. Considerable delay has been cassed in the vvoik of completing the Monte Christo dredge owing to the non-arrival of some parts. The Matau has struck a better run of wash. She washed up for 83oz last week. The Vincent's return showed a decided improvement last week, and it is expected that this week's operations will be even better.

'J he Unity has also got on go'd, and it is though that 'the"rich run in 'her claim has been picked up again. She had the misfortune to break the elevator pinion on Monday morning which necessitates a stoppage of two or three days.

Ihe Vincent Extended has been shifted further up the claim. There was no wash up last week. The repairs for the Half-way House dredge arrived yesterday. The dredge wih probably resume before the end of the week.

The Otago Dredging Company have declared a dividend (the 28th) of Is per shave, The Matau Company have declared a dividend of Is per share. During the rast few days there has been considerable comment amongst min ing investors owing to a report in connection v\*fth a return which it was stated had been received last Tuesday by the secretary of; tho' Alpine .No 2 Company. \\ e learn that the matttr came before the Dunedin Stock Exchange yesterday moping and a committee was appointed to tall at the office of the company and make inquiiio* as to the truth or otherwise of the report. In reply to their inquiries the secretaiy that a tefegravu from, the dfedgemaster giving the 'return as (JOoz had been late last Tuesday afternoon, and that for various reason he did not consider it necessary to publish the information. The reasons assigned did not appear to the committee to he srich, a« might; b<? considered entirely tatisljactory, a&d they ranortyd accordingly to the Exchange ai. the afternoon meeting. The unfortunate part of the occurrence is that the information is alleged to have eai ly become known to a limited few, whi e no eftorts were made ■to convey it to the shareholders,—' Otatjo Daily Tim.e^ ; -

iy.EXANDKA

[FROM OUR OWN CORRESPONDENT,] Tbe Sailur Bend ib Btill on rich ground as evidtnerd by her return last week. The dredge is running very sweetly, and thei e iB nc-t vnucn travelling drift to contend with. The Manuherikia started dredging last Monday, at d after baling drift till Wednesday got on to good gold, and washed up for lOSoz 15uwis, and only 60 hours on the bottom

The First Qh pc,e is off gold at present aticlshe has bhifbtd a little further down the river.

1 he Biver Molyr.eux has not made a start to go down. She hae taken up a good supply of cool, to last lnc till she arrives at the claim. Local shareholder B tie anxious that a start should be made at once to enable her to tetfc the claim before the river rises; but the town directors appear to be vciy dillatory in senriir g things up, and h~ve said in effect, that they doDt care if she leaves the ship yard this seatc n. Work is progressing very slowly in regard to the erection of luachinery o.n ihe Bendigo. 'lhe Golden Beach waterjj races have frozen up, consequently the dredge had to shut down, until tuth time as the frost breaks up, to enable , the vrntov tfco

Local shareholders in the Fraser Flat fe 1 aggrieved at the statem nt of anVr ; in hqt Cny, There i.° sometiii'-g rotten in tue management of tins <J <y'is. aff i - whfen something like £lß*oo9 has been spttot and only the pontoons, and a little nnchin«ry to show for the enormous sum, :>nri thoß prhaps the mortgagee get the drudge for his loan of LSOOO. There is some talk locally, of reconstructing the company, as the claim is supposed to be a good one.

The antimony syndicate have purchased a two horae power boiles and engine for pumping their main shaft as the influx of water is to much too bo lifted by hand.

DREDGING RETURNS,

By Wire. The following are the returns for the week ending July 19th :— oz dwt £ r s Electric 231 10 0 Sailor's Bend, Alexandra 114 0 0 Cromwell 54 1 0 Alpin* 2 6 days 158 5 0 Manuherikia, Alexandra ... 108 14 0 Central Electric 72 10 0 Hartley and Eiley 52 7 0 Earnscleugh No 2, Alexandra 53 7 0 Earuscleugk No 1 42 4 0 Perseverance 35 9 0 Matau, Clyde 33 0 0 Chicago, Alexandra 26 10 0 Alpine Consols 25 13 0 Vincent, Clyde 22 7 0 Unity, Clyde 19 0 0 Molyneux Hydraulic 16 2 01 ig 13 13 0 Golden Link 9 15 0 Magnetic, Cromwell 6days .„ 15 0 0 Enterprise No 2 18 15 0 Lady Charlton 8 12 0 Charlton Creek, Gore 20 10 0 Waimumu Central 12 17 1 Waimumu Extended, Gore 27 14 0 Enfield IG 18 0 Globe 9 4 0 Kelly and Casey 15 15 0 Junction Electric 72 15 0 Golden Gate 40 0 0 Meg and Annie 36 0 0 Otago, Miller's Flat 26 10 0 Majestic 21 3 0 Lawrence, Tuapeka 19 5 0 Spee Gully 17 15 0 Golden Bed 11 15 10 Gold Queen 12 1 0 Dunback 8 2 0 Central Mattra 4 3 10 Golden Treasure 31 10 o Waimumu 20 10 oj Tuapeka, Tuapeka Flat ... 10 8 01 Success, Waipori .,, tM 28 9 El Morning Star, Manuherikia 14 16 18 Chicago 28 0 o