MINING.

Evening Star, Issue 14516, 7 November 1910, Page 6

MINING.

Tho master of the Blackwater River dredge states that he is now getting a fair face widened out, and, referring to a recent return, anticipated that last week's would be fully equal. It turned out to be better, and the 570z is tho best return tho dTedge has had for a long time. The Central Charlton dredge worked cut No. 4 last week. The dredge-master intends dropping aits 4 and 5 at present, as the dredge is hampered for tail room. After another week's work on cut 3 the dredge will work up tho low and .shallow ground on cuts 1 and 2. A start will lie made next week to dismantle the Roxburgh Jubilee dredge, which was purchased recently by the Waikaka United Company. 'The parts suitable for the Waikaka company's business win be transported to tho Waikaka claim, and the parts unsuitable will be sold. Otago No. 2 dredge, in her workings at the bottom of the claim, has not yet met with anything warranting a wash-up. The Morgan suction dredge has started operations at the, bottom of the 'Devil's Sluice Box." Crevices are being met with, and there is little silt on the bottom. RETURNS. Golden Bed : 41oz Bdwt, 128 hours. Karaunui : 260z 15dwt, 125 hours. Otago No. 1 : 220z, week. Golden Treasure : 9oz, 137 hours. THE SHARE MARKET. DUNEDIN EXCHANGE. 'The market was very active this morning as far as Waihi stocks are concerned. Tho first call saw seven sales effected at the following figures:—£6 10s, £6 10s, £6 Bs, £6 Bs, £6 7s, £6 7s, £6 7s. At the noon call sides were made, at £6 7s and £6 6s 6d. while there was a sale reported at £6 lis 6d and a forward delivery sale made at £6 7s. Island Blocks at 5s was the only other sale on 'Change. Reported business included Junctions, 53s 6d, and Talismans, 54s 9d. Morning quotations : —Dredging.— Blackwater (cont.)— Buy 6'6, sel 8/6. Electric—Sel 2/. Hartley and Riley—Sel 12/. Islatufßlock—Sol 5/. Koputai— Buy 20/, sel 21/6. Rise and Shine—Sel 42/3. —Sluicing.—■ Muddy Terrace—Buy 20/6. —Quartz. — Consolidated Goklrields■ Buy 19/. May Queen —Buy 3/7. sel 3/9. N.Z. Crown Mines—Buy 4/2. New Svlvia —Buv 3/10, sel 3/11 iOld Hauraki—Sel 2/8. Talisman Consolidated—Buy 55/, sel 55/. Talisman Consolidated (new issue) —Buy

34/, sel 36/6. Watchman—Buv 3/1 i, &&1 3/6. Waihi—Buy £6 6/, sel £6 7/6. Waihi G. June, (opt.)— Buy 52/6, sel 35/. —lnvestments. National Bank of N.Z.—Buy 115/, sel 117/. Westport Coal Co.—Buy 128/. Milburn lime and Cement (£1) —Buv 39/. N.Z. Paper Mills—Buy 23/, sel 23/6". LOWBURN DREDGE DESTROYED. [From Oub Own Correspondent.] CROMWELL, November 7. The Lowburn dredge was totally destroyed by fire yesterday morning. There was no night watchman on board. The dredge has sunk in 40ft of water. CONSOLIDATED GOLDFIELDS. [Per United Peess Association.] REEFTON, November 7. Progrefis mine crushed 4,191 tons, yielding 1,0480z 7dwt, valued at £4,309 3s Id ; cyanided 2,780 tons, yielding 2840z 6dwt, valned at £862 7s 6d; sulphrrrets, estimated value £7Ol. Wealth of Nations mine crashed 1,950 tons, yielding 6540z, valued at £2,700 18s 3d; cyanided 1,268 tons, yielding 2670z, valued'at £B2B 15s Bd. Blackwater mine crushed 3,604 tons, yielding 1,6300z 7dwt, valued at £6,679 6s 3d; cyanided 1,767 tons, yielding 210oz 3dwt, valued at £579 13s 3d. THE AUCKLAND FIELD. Tho returns reported from the gold mines in the Auckland <listrict during the past month reached a total of £108,719 Os [ 7d. This, when compared with,the aggregate for the previous month—viz., £105,681 14s lid—represents an advanceof £3,037 5s Bd, but when contrasted with the yield for October, 1909, it shows a falling off of £2,327 15s 7d, tho total for | that period being £111,046 16s 2d. The past month's yield completes tho total for the hist nine months of tho year, [ and brings the total value of bullion won irs Auckland province during that period to tho substantial figure of £1,024,632 7s 7d. Compared with £985,918 15s Id, tho yield for tho corresponding pericd of last year, this gives the big increase of £38,713 12s 6d. But for the falling off in the returns from the Waihi mine to the extent of £17495 during the past nine months, the increase would have been greater still. The biggest contributor to the increase '■s the Waihi Grand Junction mine, the returns from which, during the past threequarters, exceeded those of the corresponding three quarters of last year by £30,093 Is 4d. The Old Hauraki mine, Coromtuidel, is also responsible for £12,043 6s 4d of the net advance, and the New Zealand Crown mines, Karangahake, which were closed down List year, for £10,104. Of the past month's total the Ohinemuri field contributed £103497 16s 3d, the Thames field £3,238 7s Id, and-the Cororaandet field £2,282 17s 3d. THE OLD HAURAKI MINE. The Old Hauraki Gold Mining Company during the past month crushed and treated 90 tons of quartz and 1301b of picked stone far a return of 1720z retorted gold. Allowing for a slight waste in further treatment, and estimating the balance as worth £3 an ounce, the value of the return may be put down at about £SOO. This, compared with the return for the previous month, represents a falling off of about £416, the yield for September being £916. 12s from ilO tons of quartz and 2801b of picked stone. The total value of bullion won from the mine by the preeent company to date is £14,829 5s Id.