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RAILWAY RETURNS.

The railway revenue for the four weeks ended 14th September amountod to 168,351, and the expenditure to L-19,816. In the corresponding period of the previous year the figures were L 65.116 Is lid and L 50.808 10s 3d. The North Island lines contributed L 22.565, as compared with L 21.178, and the Middle Island lines L 45.783, as against L 43 937. Tho North Island lines absorbed L 16.519 9s 2d, as against L 16.827, and the Middle Island lines L 33.266. as against L 33,780. Calculated on an annual average tho proportion of expenditure to revenue on the several lines for the respective periods of 1839 and 1888 was as follows:—North Island: Kawakawa, 81.70, 80.50; Whangarei, 97.89. 66.24; Auckland, 75.12,72.19; Napier, 58.70, 60.49; Wellington, 69.52, 80.99; Wangauui, 72 46, 93 28. Middle Island: Hurunui-Bluff, 61.91, 05.61; Greymouth, 58 87, 47.21; Westport, 47.3 G. 52.75; Nelson, 89.19, 92 69; Picton, 87.03, 119.20. Total, 61.40, 68.60. The following are the return? for the Bluff-Hurunui section for the same period : 1889. 1888.

MINING NOTJSS,

The Keefton correspondent of the 'Preps' writes: weatfcer has broken up, and it has been raining heavily for fifteen hours. The depression in mining matters continues, and for the time being the brokers are, for the most part, out of harness. The disappointing results of tho Progress crushing so far, the reverse of fortune which has fallen upon the Keep it-Dark, together with the altered prospects of the Nil Despeiandum and Fcotia Mines, have all tended to weaken speculation and shake confidence ; but there is hope that these causes are only of a temporary character, and that before very lorg things will right them'elves." The Waipapa Dredging Company obtained 91oz of amalgam for six days' work last week. The Beaoonsfield (Westport) Company »re said to be nearing one of the truest reefs in New Zealand, and which is said to be very rich in gold. A winze was sunk some eighty feet, but was swamped with a Midden flow of water, aud it was then decided to erect pumping machinery. A shaft was then sunk, anJ a permanent working engine shaft erected, and some 140 ft have been bored, little water being found. It is supposed that the distance from the bottom of the shaft to the underlay of the reef is only 80ft, tho gronnd being of good gold-bearing indications. The rocf is expected to be struck before the end of the month. If it cuts as good down below as is expected, an impetus will bo given to mining in the locality, The reef has been traced over a laigo area, tbc adjoining claim (the Day Dawn Mino) having the same reef running in a longitudinal direction.

The Fair Maid Gold Mining Company have now come to their black seam, which edges solid ground. Considerable excitement has been manifested on the West Coast in connection with dredging operations, most of tbe rivers at Westport, from the Bulhr to Lyell, having been taken up. Good quantities of alluvial gold have been found on the banks, and it is thought that the beds of the rivers are rioh. "Blind digging" has been indulged in by many, and very good results have in many instances been obtained,

MINING SHARE

' The-following were net prices quoted at ffre o'osiog of the- Reefion Mining and Stock Exilianfto last night :-r - Buv«HS.-fl'ectr!o''Jiis?it Is Hrt, Fiery Cross 88 OJ, Golden Lead lid, imrlodo'fl3 H.V Meroules 2a 10d. Drake 2s Bd, Venus 9i, Golden Sd, Gallant 2a Sd, Lyell (Jreek Extended Od, National t:l ; /Tiptoes 15s. • „ Skivers.—Alexandra (id, Golden Lead Is, Globe 22a Od, Happy Valley 0.1, Pioneer 4d, New BriUnni* 7d, Big Klvor 8s 3d. Gallant !>J, Homewards 7a, Guide 4d, Lord Edward Od, Pandora le, Reform 7d, Triumph Hd, Drakes 3s, Venus Is.

MAOKTOWN NOTES.

[From Our Own Cohhehi'OKDENT.]

Arkowtown, October 22,

Very licli s'ono has been struck in Sew Hoy and Begbie's claim, adjoining tho Gallant Tipperary ground at Hhotovcr. A parcfil for trial crushing was forwarded yesterday to Lunedin. The reef has widened out to 3ft.

A parcel of Wakatipu Dredging Company's contributing shareß has boon sold heie to-day for 4s per share, all calls paid. Mr Cutten, 0.K., and party have arrived at Arrowtown, and are going to commence boring the Kawarau dredging claim?, to test the depth of the wash and bottom ot the river beaches, at once.

Robertson and party, at Cardrona. have just had a splendid washing up of about 281b3 weight of allu< ial g.vld.

Tho Government have decided not to grant more than 100 acres in any special claim. Many of the claim") surveyed for dredging and hydraulic mining exceed 200 acres, and a large amount of surplus ground will thus be open for application.

Passengers— 8. R. 8. R. First-class .. 8,715 16,060 8,607 15,932 Second-close .. 34,410 55,330 32,171 65,308 Total .. 43,125 71,398 40,778 71,290 Season Tickets . 220 204 No. No. Parcels, etc. 10,676 16,484 Goods— No No. Prays 20 19 Cattle 667 958 Calves 235 8 Sheep 56,030 48190 Pigs 1,753 1,393 Total 58,714 50 563 Tonn. Tons. Chaff, etc 2 280 1,475 Wool 1,178 619 Firewood 2484 2,080 Timber 0,463 0,547 Grain .. 23.057 21.450 Merchandise .. 19,527 19,247 Minerals 21,082 24,898 Total 82.971 70,344 Revenue— X £ PasseDgers 11,745 11,291 Parcels and lugir&ge .. 1,430 1,383 Goods.. 20,395 24,609 Miscellaneous .. 987 038 Rents and commission .. 458 339 Total £41,017 £38,262

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18891022.2.28

Bibliographic details

RAILWAY RETURNS., Issue 8044, 22 October 1889

Word Count
896

RAILWAY RETURNS. Issue 8044, 22 October 1889

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