MINING.

Evening Star, Issue 14532, 7 December 1910, Page 6

MINING.

The Waikaia dredge's ground continues deep and drifty. The face is 175 yds wide, the depth of the ground varying from 26ft to 29ft. The bottom is of red clay and maori. The Westport Coal Company's output for November was 47,717 tons. Compared with tho yield for the previous month (48,318 tons), this represents a slight decrease of 601 tons, and when compared with the yield for November of 1909 gives a still bigger decrease of 2,872 tons. Tho last return brings the total won from the mine for the eleven months of 1910 to 565,313 tons. The total won during the eleven months of 1909 was 558,398 tons, so that the output for 1910 so far exceeds that of 1909 by 6,915 tons. Operations at the Good Chance claim were carried on steadily during last week, the ground being much the same as in the previous week. The gold was of a fine, scaly nature, and very light. Tho master anticipates cutting 'nto the old paddock in a day or two. The present cut may, however' last this week. The dredge is working very well. Mining dividends totalling £3,635 Is were reported to the Dunedin Stock Exchange during last month. Tho New Big River dividend of Is, amounting to £1,200, headed the list. Rise and Shine No. 2 dredge worked 12ft ahead. Tho cut was 460 ft wide and from 38ft to 44ft deep, with clay bottom ■carrying a fair prospect. Tailings word worked a good bit by the Olrig dredge last week. The water was somewhat slack, and a portion of the paddock was a bit poor. Tho Lady Roxburgh dredge had a steady week's work, but has not yet properly opened out. So far, the bottom cleared carries solid wash, and indications lead towards the east side, with a slightly dipping bottom in that direction. The gravel is heavy, but not rough, and is much moro difficult to treat than the material in tho old" claim. It was found necessary to get over the first cut quickly to removo the battens from under tho plates. What prospect thero is is making towards the east, with numerous maoris. The very warm', dry weather is sending the river "down fast, and there is every prospect of a low river after New Year (says the Cromwell 'Argus'). Mr F. H. Chamberlain, managing engineer for the Westport-Stockton Company, returned a few days ago from making an exhaustive examination of the Tukurua, Parapara, Quartz Ranges, and Boulder Lake properties of the Parapara Iron Ore Company, Limited. He was highly impressed with tho iron deposits, and was surprised that they had not been long since turned to use. THE SHARE MARKET. DUNEDIN EXCHANGE. Two sales were made on 'Changs this morning, New Sylvia 3s 8d and Junctions 30s changing hands. Junctions also figured in reported transactions at 3C&, as did Island Blocks 6s 3d, May Queens 3s 2d, and New Zealand Paper Mills 23s 6cL Ther© was not 60 much quoting done as usual. Quotations were as follow : —Dredging.— Blackwater (con.) —Sel 11/. Golden Treasure—Sel 22/6. Rise and Shine—Buy 41/. —Sluicing.— Ross Goldllelds—Se' 2/9. Muddv Terrace—Sel 21/. Island" Block—Buy 6/, sel 6/6. —Quartz.— Consolidated Goldfields—Sel 20/6. Mav Queen—Buy 3/l£, sel 3/2. N.Z. Crown Mines—Buv 4/2. New Svlvia—Buv 3/7s, eel 3/9. Old Hauraki—Sel 2/2. Talisman Consolidated—Buy 51/9, sel 53/. Watchman—Buy 3/, eel 3/3s. AVaihi—Buy 114/, sel 117/. Waihi Extended—Buy 2/1, eel 2/5. Waihi Grand Junction—Buy 29/, sel 30/6. —lnvestments. Bank of New Zealand —Buy 213/. Union Bank of Australia, Ltd.—Buy £65 National Insurance Co.—Buy 34/6, se! 35/3. Union Steam Ship Co.—Buy 36/9. Westport Coal Co.—Buy 137/, sel 139/. Westport Stockton—Sel 7/3. Milburn lime and Cement (£1) —&el 41/; N.Z. Paper Mills—Buy 23/3.

THE AUCKLAND MINES. —Old Hauraki.— During the past month the Old Hauraki Gold Mining Company crushed and treated 70 tons of quartz and 751b of picked stone for a return of 630z 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 £IBO. This, compared with the return for the previous month, represents a considerable falling off, the vield for October being £497 5s from 90 tons of quartz and 1301b of picked stone. The total value of tho bullion won from the mine bv the present company to date is £15,006 10s Id. —Waiotahi.— The Waiotahi Gold Mining Company during the past month crushed and treated 163 tons of quartz and 51b of picked stone for a return of 2190z Bdwt gold, valued at £604 6s 9d. This shows an increase of £36 2s 4d upon the return for the previous month, when £568 4s 5d was obtained from 167 tons of ore, and a decrease of £544 14s 9d upon that for November, 1909, when 158 tons of quartz and 61b of picked j stone gave £949 Is 6d. The total value of tho bullion won from the mine to date is I £672.549 19s lid. —Thames Deep Levels.— j Advice has been received that Mr-11. M'Keown, the successful tenderer, _ has signed the contract to drive 500 ft of the main cross-cut in connection with the Thames deep levels scheme at £1 19s per foot, and that he has started work. This section will carry the cross-cut now entering the May Queen Company's ground right through that company's holding, and I will penetrate the Saxon Company's property for 500 ft, leaving another 538 ft still to diive before it enters ihe next property.