MINING JOTTINGS.

Lake Wakatip Mail, Issue 2279, 22 September 1899, Page 7

MINING JOTTINGS.

Last week's return of the Golden Terrace L'o.'s drupes was 240z lG\dwt of gold. The return for week ending yesterday 250z Tdwt.

At au auction sale in Dun.-din ou Friday of mining shares Hirtl-y and Rd-v's realised £»S 5s each. This claim lias already returned in dividends £4 per £1 share. The !l irtley and R ley Co., Cromwell, still hetd the dredging list, their yield for week being s't2oz—the three next highest i ut of 28 dredges only reaching 70 odd ounces each. Total raised was KMOoz I9iwt Uurs.

Toe 'Daily Times' states that, although the piospeclus of the Arrow Juuctiou Odd Dredging C>. is not yet prepared, the applications for shares have been largely oversubscribed.

Booth'.- United Oold Mines, New South Walt-it (promoter, Mr Walter Booth, a former r> si lent of Oamaru), have been floated iuto a company «itn a capital of £•.'•!0,000. The ore i-> estimated to yield from loz to Goz per ton, and cost of crushing 12s per ton. The v.ilue of geld in the cl dm (11") acr?s, including a hill .'looft high,) is £5,000,000. The tender of Mr Joseph Sparrow, Dune din, has been accepted for the machinery of the Upper Magnetic dredge. Tht- engine-house of the Kawarau coalpit was burned down last Friday, but the output is not stopped.