MINING.

Lyttelton Times, Volume CVI, Issue 12587, 23 August 1901, Page 2

MINING.

WEST COAST NOTES. [From Our Correspondent.!

GREYHOTJTH, August 22 r .... The Leviathan Freehold Company, with the Dispatch Foundry to-day for a'"com : pieta dredge for £3900. : '■".'"■■■ !! ' 1;: " The Oreymouth-Lagoon Company has let a contract for a. dredge to the •same foundry for their Blackwater claim.. . Marsdem No. 1 dredge is <about -completed, and will.'have a: trial run on Monday or, Tuesday. Marsden No. 3 is being delayed through several pieces £3 machinery iaving gone astray. . Cornwall (alias Foley's Cxeek) pontoon has been launched on ths new claim. There are two men at work, but erection is proceeding very slowly,.presumably-waiting the taking up •of additional shares. Leviathan 'is expected to give an improved return this week. New River is doing do good. The Maori Queen .return will l be about the earn© as last week. The ground- is very tight. The dredge, so far, has only worked a •IMo over, an acre of ground, from which it got over 200 oz of gold, showing that it is the dredge and not- the ground! that is responsible for the poor returns. The Kohinoor Extended Company has resolved to go into liquidation. Greenstone Creek dredge is' : stopped for want of necessary .•articles of machinery. It will teefc another part of the claim when it again starts. Greenstone Junction shows a slight improvement. Grey River has been stopped two or three times during the week. The return will be small.

Last week's average of Ro!d per dredge was 16ioa. This week it should be better.

A REPORTED DISCOVERY. [From Oub Special Correspondent.] DUIfEDIN;. August - 22. The Westport correspondent ot the Dunediri "'Star" says that it is reported at'LyeU that & reef sft in width containing gold has been discovered. It is believed to be the same as that found twenty-five years ago by Mr Theophilus Mabille, who left for Italy, where he procured capital and 1 machinery to work the claim, but the vessel in which he was returning was wrecked and Mr Mabille was

drowned. Since then attempts to locate ith« reef have been unsuccessful. The miners who are repotted to have found it are Mr Si Yearns and Mr J. Leggoe. . .

. DtT.N®D3tNs August |2. The Wo&hshed dredge saachinery and ratoftj asar ftiXlton, were sold by. Auction- to-day* realising M&}. : '

miNBDIN STOCK . E&OkmXB: TI?JE& PRESS ASSOCIATION;] •B'O-N'EifilN', August m. Luncdiin Exchange eales—Bendigo' 14a and 13s, Centoal Electric 17^. FteA. Ctocicftjajj 21 s 9d, 22s and Sis'," Foart«&n-mlle iße&ca S 3« 3d, 23s 9d, 23s «d, 21s and |s 9d, x <Md«m RiW 4s, -Great Central 13s. M, ,3Mim<>s> J* o *** li&Ss 9s 9d and 9s, Junction 'Electric- Ste ■ va anfi SSs, KaUy and Casey 9s «d, 41s, Most© fewisto 32» 3d, 33s SSs sd, 345, 33s 6d, 3Ss 3d, 33a and «3s Sd, Wareatea Si discouni. ■-•-■■; Otago Exchange—Sailor's Send SBs-. Equitable Exchange—<Eßeefctie. 42s 6d, Masai* hferikia 41a, Keeves'Proprietary 14s 3d.

CANTERBURY STOCK EXCHANGE. The following are yesterday's- quotatiosi of the Stock Exchange of Canterbury:—Al, buyers- 183 sd>; Caledonia, sellers pax; .Eanra» cleugh No. S, 15s pd; Srea* Wopdstoek* lers 123 6d pd; Grey River, Exiende.4 fillers par; Hokitika Riv*T, eeftera ,XBs pd; Inch Valley, sellers 18s pd; Marsden No.- 1, sellers IBs pd; Monte Christo, seltare 35s pd; Orwell Greek, sellers 15s pd; Red Jacks, buyers 18* pd; "Waipuna, sellers 5s pd. ; - ■-■'.. ;.„..:■