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MINING.

The Fleurio Xo. 2 dred--. ha:- dnsc.i d-nm for t-b-» cutfoa, 'he shallow yround '.fin- finished. The divd : v- worked ahead half ;>. length in; in Fridr.y, when the tap ■cii,l of thr> gutter was reached. aft-T which the machine <!ninpc,! buck a couple of lengths to tiy Lin- out'er. of the channel. The pound very rou_rh and dillkuit to work, and very little dirt was M-satad. Tho dnxlue unfit or reported th.it prospects had been enootrrairtnn at time. The KWt.rk- No. 1 diva-* walked 100 liorj-s last week, making :v distance, ahead of 186 ft. Then- is no chan-o to report tn the wi..Ull of th.- cut or the quality of the bottom, which continue.--' of uranito and sandstone. Th--- depth k< increasing, tli-j a~i ratio hein-_' about uCi't. The rntiuit ivm. was ?6oz IPdwt, consisting principally if tine l;o!.!. Prost-ects continue moderate. Tho Itise and' Shine No. 1 dredge worked under the t~h;>l conditions hist v>e-k. There inis still foiiio deep ground in the eastern part of tho cut. and until it .shallows the (hvd-_-e inasUtr does not expect much improvement in th.t'.t part. The secivt.iiy of tin- NMavniat Hydraulic Sluicing Company report* that tho stripping on" the top m.iterlai of the new pad- | dock to a depth of 26ft was finished on J Saturday at No. 1, oik! the tTevatije.' lias been re'sumed. No 2 had a full \v.-«-ic'.s rduiefnr:, and '-cod progress was made- during the week." No. 3 stunk bottom at a depth of 72ft. There is a. irood body of wash showi-.-'.j;. and thin ua.s very .-tony. The prospects are fair. bast s'.eek the Rk,o ahd Shine No. 2 dredge made lint ah -ad. and met wdii deep ground from, the centre to tho eastern side, with no v. -.sh on the bottom. The return ".is obtained chiefly from a. email lays;' ef wtt.-'.i a few fe-'i, up in the .TL'NCTTON IUVTOFNT'. A I\A. states that a cablegram was received at Auckland yesterday from Loudon, stating that dividends of Is f>d per >ba:e have been. ,I.dated by the Waihj ' Grtvnd Junction Company, payable on November 12. Thi= entails a distribution of £■3o COO, and brim;:; up the total to datto £IIO.COO. TRFATMFNT OF WOLFRAM. With the a-s. Glance of the. British Government, a. tactory is beini; rebuilt, in Yorkshire, for the extraction of wolf rani. 'Hi.-, v.-ill jjivL) tun outlet for wolfram, for wl ieh hitherto G-ennany h-.s furnished the uii.lv market. No fai as Australia is coned m-d. the principal produeim: States, in the order of their output, are Qu;-on= land. Xew South Wales, and Tasmania,, thoujh smaller quantities have been produced, in South Australia and Victoria, amd a tield has recently be-on .liscove.red in the West Kir.iborb.rv " district of West .Australia. Last year the Commonwealth's export atrounte.d to IS.IJ'/hwt, th.e value of which was £69.727. of which over 81 per cent.— that is, 10,732 owl -went to Germany, and the sriinll li.danc;, of 2.460 torn to' Great Firitair.. XO DIVIDEND. Tn a. totter to shareholders, the directors j of th.e Mount Morgan (Sold Mitring Comp.uiv. Queensland, itato thai, it has been decided not. to declare for the present tho interim quarterly dividend, which would. , tinder usual cucumstou- vs. nave been payable on October 1. Tin- decision has beet: arrived at after careful consideration, and is. due to the present inability to dijPOise of ropp-e-r pru.ic.et.s. Th« board Ci.-::sid":i- it dctliable te- tinaners a.i nrttch ar. pos.iibbj iti order to carry on liiinifirf and rreatmoni, operations at the. n.ino. thervby providittg employment tor the majority' of the hand.?. Arran-emenU trade as to tinai.ee will, it is, hop-ed, etitii.-le oper;.tioti.s to lie continued on a ?liidit!y rcdnced output of bli'-K-r. ilc.w long the company can keep running will d.-pei-d lipeu conditioits in Futope. -.

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https://paperspast.natlib.govt.nz/newspapers/ESD19141028.2.53

Bibliographic details

MINING., Evening Star, Issue 15635, 28 October 1914

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629

MINING. Evening Star, Issue 15635, 28 October 1914

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