MINING.

Lyttelton Times, Volume CV, Issue 12429, 19 February 1901, Page 2

MINING.

DUNEDIN 'STOCK EXCHANGE. [Pee Peess Association.] DUNEDIN, Feb. 18. The following are yesterday’s quotations on the Dunedin Stock Exchange:—Al, sellers £1 6s; Ahaura River (paid-up), buyers 5s lOd, sellers 6s'3d;Aldinga, buyers 7s Od, sellers 8s p; -Alpine Consols, buyers £2 Is, sellers £2 2s ; Big Plat, sellers 2s dis; Blue Duck, sellers 16s; Boundary Creek, buyers £1 2s, sellers £1 3s; Buller Junction, buyers 11s 6d, sellers 13s p; Oairnmuir, buyers £1 I2s 9d, sellers £1 13s Sd, Central -Charlton, sellers ICs; Central Electric, sellers £-1; 'Central Mataura, sellers par; Daylight, buyers par, sellers 6d p; Dobson No. 2, buyers £1 3s, sellers £1 6s; Dunstan Lead, buyers £1 Bs, sellers £1 4s 6d; Dunstan Pioneer, sellers 3s 6d dis; Earnsc'leugh No. 3, sellers par; Eclipse, buyers £1 15s, sellers £2; Electric, buyers £2 ills 6d, sellers £2 13s; Electric Extended, buyers £1 15s, sellers £2 2s’6d; El Dorado, sellers, par; Empire, sellers £4; Endeavour, buyers £1 3s 3d, sellers £1 8s 7Jd’; Enterprise, -hellers,- £5 ss; Erickson’s Reward} -buyers 4s, . sellers 7s 6d p; Ettrick, buyers' 2s C>d' dis, sellers par;- Pord’ai Creek, buyers 13a, sellers . 0.4 s 9d; Fourteen-mile Beach) buyers £ll2s; sellers £llss; Galvanic,

buyers £1 11s Gd, sellers £1 15s; Garibaldi, sellers la p; Genlfcle Annie, buyers £3 6s 6d; sellers £2 Sa 6d; Gibbs's Beach, buyers 17a 93, sellers 19s; Gibbston, sellers 2s p; Globe, eel-, lers par; Gold King, sellers par; Gold Queeii, • buyers £1 Up, sellers £1 12s; Golden Banner, sellers Gd dis; Golden Beach, sellers £1 6a';' Golden Bed sellers £1 2a 9d; Golden Gale, buyers £7* sellers £7 7a; Golden Link, (buyers" 15s, sellers 18s Gd; Golden Molyneux, buyers 3a, sellers 2s dis; Golden Ripple, buyers 4s 6d dis; Golden River, buyers 5s Gd, sellers -5s 9d; Golden Eun, buyers £2 7s Gd, sellers £2 10s; Grand Junction, buyers 7s, sellers 7s 6d p; Great Land, sellers 17a 6d; Great Woodstock, sellers 2s dis; Greenstone Creek, buyers £1 10s 6d, sellers £1 12s; Greenstone Junction, sellers £1 Gs Gd; Grey River, buyers £2 12s 6d, sellers £2 Its; Grey Eiver Consolidated, buyers 14s Gd, sellers 15s; Half-way House, sellers £2 5s 9d; Happy Valley, sellers 4s dis; Hartley and Riley, bu'yers £7, sellers £7 3s Gel; Hokitika Extended, .sellers Is p; Inch Holme, buyers Gs 9d, sellers 7s; Island Creek, sellers 10a p; Junction Electric, buyers £1 10s Gd, sellers £1 11s 3d; Kiaora, buyers 11s, sellers 14s; Kawarau Bridge, buyers 10s, sellers 10s 9d; Kelly and Casey, buyers £1 10s Gd, sellers £1 11s; Koh-i-noor, buyers 6s, sellers 8s 9d p; Leaning Rook, buyers Ss 3d, sellers 3s Gd dis; Leviathan, buyers £1 15s, sellers £2 2s; Magnetic, buyers £1 9s 3d, sellers £1 12s; Majestic, buyers £1 ss, sellers £l'9s; Mac Charlton, sellers 9d p; Maori King, buyers 2s 6d, sellers 2s 9d p; Manuk erikia, buyers £3 16s, sellers £4 ss; Marsden Ho. 1, sellers 9d p; Meg and Annie, buyers £3 16s, sellers £3 18s ; Merrimac, buyers £1 15s, sellers £1 19s; Metallic,,buyers £1 Is, sellers £1 3s; Molyneux, Koh-i-noor, buyers Is 9d, sellers Is dis; Mokoia, buyers £1 9s, sellers £1 9» 3d; 'Monte Christo, buyers £1 13s 3d, sellers £1 13s 9d; (Moonlight,' sellers par; 'Morning Star, tellers 7s; Mosquito,'buyers 7s, sellers 7s Gd p; Nelson Creek, buyers £3 13s 10|d, sellers £3 15s; New Alexandra, buyers 15s, sellers 15s 3d; Norik Beach, biiycrs 3s Gd p; Nugget, buyers 3s, .sellers 3s; Orwell Creek, sellers 4s p; Otama, sellers 10a; Pactolus, buyers £1 15s 6d, sellers £1 16s Gd p; Pactolus No. 2, buyers 2s, sellers 2s Gd p; Pactolus No. 3, sellers 3d p; Perseverance, buyers £3 14s, sellers £4 ss, Premier Waikaka, sellers £1; Prince or Wales, buyers 2s, sellers Gs p; Reeves’ Proprietary, buyers 15s, sellers ■ £1 2s 9d; Richards’s Beach, sellers £1; River ! Molyneux, buyers 4s 6d, sellers 4s 9d p; Royal Maori, buyers 19s Gd sellers £1; Sailor’s Bend, buyers £2, sellers £2 Is; Saltwater Creek, sellers 9d p; 'Second Magnetic, buyers £1 9® (id, sellers £1 12s €d; Smith’s Greek and Bannockburn, sellers 3s 6d dis; Teremakau, buyers 3d dis, sellers par; Teviot, sellers Gd dis; Threemile Greenstone, sellers £1 4s; Trafalgar, buyers lls. sellers 11s Gd. p ; Upper Magnetic, buyers £l’lss, sellers £1 16s; Victory, buyers 12s 3d, sellers 12s Gd p; Vincent Extended, sellers £2 7s; Vincent, buyers £2 4s; Waimumu, buyers £1 8s 6d,_ sellers £1 10s; Waimumu Queen, sellers Is p; iWaipuna, buyers £1 ss, sellers £1 7s; Wareatea, buyers 4s, sellers 4s Gd p; Wattenson’s Consols, buyers 6d p; Yellowstone, buyers 2s dis. The following sales are also reported; Premiums—Butler Junction 10a and. Us; Baylight par, Grand Junction 7s, Trafalgar Us, Victory 12s 6d. Sales also took place at the following prices: —Alpine No. 2 £2 Is, Cairnmuir 32s Gd, Bobson No 224 s Gd, Endeavour 23s and 23s 3d, Gold Queen 33s end 31s, Grey Grey River Consolidated 14s 9d, _ Half-way House £2 5s 6d, Hartley and Riley £7 la, InCiholme 7s, Junction Electric 31s, Kawarau •Bring© 10s, Meg. and Annie £3 17s, Mokoia 28s 9d and 295, Monte Christo 39s Sd, Nekon Creek £3 14s, New Alexandra ISs Gd, 15s 3d and 15s, Upper Megnetic 355, Waimumu 295, Gold King shares were sold at Gd discount. ! THE NELSON CREEK RETURN. [Pkr Press Association.] DUNEDIN, Feb. IS. ' The retprn from the Nelson Creek dredge, Westland, was 750 z, LEVIATHAN AND DOBSON NO. 2 RETURNS. The return from the Dobson (No. 2 dredge was 9oz. The amalgam from ‘ the Leviathan dredges’ return yielded 50oz 12dwt of gold. OTAGO DREDGE RETURNS. During the week ended to-day reports were received from forty-one dredges in Otago, the total yield for the week being 9910 z 17dwt, or an average of .over 240 z per dredge. Additional returns are as follow:—Golden' Gate IGoz 16dwt, Nevis 14oz 2dwt, Globe dredge 13cz 19dwt 2gr, and Upper Wadpari 13oz 19dwt. ' CANTERBURY STOCK EXCHANGE',. The following are yesterday’s quotations of the Stock Exchange of Canterbury :—Sales— Btillor Junction, 12s p; Al, sellers 25s pd; Builer Junction, buyers Us 9d p, sellers 12‘s p; Duke of Wellington, sellers 3d p; Gold King, sellers 2s 9d p; Golden Reward, sellers Is p; Greenstone, sellers 3s p; Greenstone Creek, sellers S2s Gd pd; Grey River, sellers 55s pd; Grey River No. 2, sellers 5s Gdl p; Grey River Extended, buyers; par, - sellers Gd p; Grey Monarch, sellers Is p; .H'okitika Junction, sellers Is 6d p; Koh-i-noor Extended, sellers Is p; Mosquito, buyers 6s p; New | River,-buyers 10s pd,.sellers 10s Gd pd; North Beach, buyers 3s 3d p; Premier Builer, sellers par; Bed Jack’s, sellers 2s 6d n: Reeves s Proprietary, sellers 22s Gd pd; Reefton United, sellers 3s p; Teremakau, sellers par; Tucker’s Plat, sellers 2s p; Welcome, sellers par; Westland, sellers Gd discount; Waipuna Creek, sellers par. Sales—Teremakau, par; Ford’s Creek, sellers Xss pd.; Golden Beach, 25s pd (sellers); Great Woodstock, sellers par;-Green-.stone Creek, buyers 30s Gd pd; Leviathan, buyers 37 6d pd; .Maori King, .sellers 2s 9d p; Pactolus, buyers 36s p, sellers 38s p; Pac tolus No. 3, buyers par, sellers 9d p; Red Jacks, buyers 2s 3dßoyal (Sovereign, sellers 2s die ;■ Ruby Creek, sellers 7s p; Saltwater Creek, sellers 2s 6d p; Three-railo .Greenstone, 28s pd. DREDGING IN NEW SOUTH WALES. THE BRAID WOOD DISTRICT. Dredging in Australia- is yet practically m its infancy, but many dredges have been completed, and a number of rich' claims taken up. Interest has chiefly been centred in the Daylesford (Victoria), Shoalhaveh; and Braidwood (New South Wales) districts. - A. ,cor-. respondent, writing to the ‘‘ states that a party. Of New -Zealanders (Xul-; lock and Hughan) .built the first'dredge in.the Braidwood district,'and-have been'workin| a year. The returns afe, not pub.i.ihod, ho the amount of gold obtained is hot ’known, blit-the. party is- building .a second dredge, 'and -this looks well. The Araluen, 'Proprietary has been working nine months, and has obtained an average of 30oz per week. 'Mr J. M’Donald, late of the Alexandra Eureka dredge, is manager. The Arabian Central and Araluen Junction dredges are in course of construction. On the Shoalhaven River there are three dredges, which have just commenced operations. The Colombo dredge is the largest and finest on the Shoalhaven, and is managed by,a dredge expert from Clyde. The Shoalhaven dredge, under the management of Mr Downie, formerly of the Earnscleugh No. 2, has been at work for three-weeks, and is now closed down while, the river is being dammed : up. The Little River dredge has just started, and has obtained 30oz. Mr J. M’Laren, late of the Molyneux hydraulic dredge,. is dredgemaster. Mr P. M’Laren is in charge of the Braidwood Proprietary dredge. Messrs Baker Bros, received . the following telegram' on Saturday from the New River. Dredging ‘ Company’s. Secretary—“ Dredge shifted up stream. Is now abput two hundred yards below bores.” - , . . .■ _ 'Owing, to a fresh in ’the Grey River, the workmen have been enabled So relaunch the Waipuna dredge, and 8. private telegram received last evening states that work has been recommenced.The Dart River Dredge, the pioneer dredge of the Upper Wakatdpu, will be ready to commence operations on March 22The Ross United Company holds a very rich property on a flat at Ross, and it is hoped to shortly 'raise the capital required (£50,000) lor working. A gentleman interested in the claim will proceed to London, next month to place the property on the market there. Should the capital be raised, the Government wib grant a subsidy .of £150,000 towards the working 'or this rick’and deep flat. The ground, says an exchange, when flooded out some twenty’yiST ago, known on : the West Coast. Since then large sums of money Rave .been expended ini attempts to sink to the level, but the water could not be overcome. ‘ - , Mr P. Lanigan, the well-known Auckland contractor, has apnlied for 2009 acres of laud, to the -south of the Taumatahinau block, as a prospecting area for cinnibar. He states that he has found the reef of cinnibar, which fip many attempts have 'been mado-to secure.The -Beeves?*' Proprietary dredge is still

meeting 1, with considerable difficulty in dredging the hard, cemented gmvel. ■ , The Gre-ymouth Star ” , states that the decrease. in_ 'the.New Zealand gold'output is entirely owing to lees gold being won by reefing companies, Dredging shows a satisfactory expansion. The Otago' dredging returns for 1900 show that 72,27502 were obtained, as against 56,1520 z. in 1899, an increase o£ 16,1236z,' or not" quite 40 pet cent. J£ the West Coast returns were added, it will be eeen that dredging has saved - the year from disaster, so far as the gold output is concerned. The Paotolus dredge at Nelson Creek'will commence operations this week. The return from the New Scotia mine, Reelton, is 107 oz 9dwt 12grs bullion from 450 tons of tailings, valued at £360. The Waiho Sluicing Company is to he reconstructed.

The “"West Coast Times” says;that Mr Edwards is proceeding with the : installation .of the electric light on the Greenstone Junction dredge. Judging from the size of the globe on the poppet-head, the light should prove quite a. land-mark for miles around. During the month of January, the New Zealand Crown 'Mines, Limited, treated', at ita battery, at Karangahake, Auckland, 2989 tone of ■ ore for a return of bullion valued at £4BOO. This is an increase upon the previous return, when 2018 tons yielded £4089. The total amount won from this mine to date ia £333,079. The reports from Otago are now more chesting. 'Many of the dredges -are, resuming work, and a number of new ones’ are rapidly nearing completion, the season thus opening with bright prospects for shareholders." West Coast stock is still affected; by the delays in the working of some'of the-principal dredges, hut the “ aead wbrk” should soon be oyer now, and a steady market follow. . The ■ Maori Queen dredge will be formally taken over by the. company at the end-of .‘this month, when the.-first returns will be-eagerly looked forward to. Shares are at a high price, and are being held firmly, as shareholders -ere of opinion that the claim is the : best bn the West Coast. .

The statutory meeting of the Straits Settlements Dredging «md Prospecting Company was held on -Friday, at 183, Hereford Street. The Chairman. reported "that Mr Palmer, the company’s representative,- had arrived at Singapore, and was ready ,to commence securing ground for working. Reports from the districts in the Straits showed great possibilities in the way of successful’ tin mining, and that dredging was the most economical and practical way of saving the tin, which exists in largo quantities. It was hoped that ■a cable announcing that ground had been taken up would shortly be received. The Chairman also stated that there were still some available shares to be taken up. The following directors were elected;—'Messrs W. Walton, H. H. Hayward, N. G. Handier and Dr Jennings. Mr A. P. Harper was appointed secretary. The directors held a meeting later in the evening, and made a call l of £1 per share, and it was decided that the share-list should remain open for a time to, enable -the brokers, Messrs Magnus and Paterson, to place the remaining shares. .. ■ : ■ -