MINING NEWS

New Zealand Times, Volume LXXI, Issue 4305, 14 March 1901, Page 6

MINING NEWS

The annual meeting of the Mona Dredging Special River Claim Company, Limited, will ibe held at the office of the company, 28, Lambton quay, this ingDuring the past two or three' months, in the Whangatnata Gold Corporation's (Limited) mine, at Whangamata (shares in which are largely held in Wellington), a winze on the main reef has been sunk below the No. 3 level, and this has now rdachedja depth of 76ft, the width of the reef averaging from 45ft, and assays made varying from £1 to £4O per ton, and giving’ an average which is very profitable. The winze has been sunk with the assistance of a Blake-Cameron steam sinking pump. Driving is about to be commenced on the reef from the bottom of the winze, and it is expected that a large block of high-grade ore will be rapidly developed. The results obtained during the sinking of the winze have been sufficiently satisfactory to warrant the company’s general managers, Messrs Bewick, Moreing and Co., in purchasing from the Union Iron Works, of San Francisco, a. permanent pumping and winding plant, 'capable of lifting 30,000 gallons of water per hour, and. 250 tons of ore per diem, from a depth of 700 ft. YESTERDAY’S QUOTATIONS. WELLINGTON STOCK EXCHANGE Dredging (West Coast, Nelson and Marlborough)—Aylmer Lead, sellers par; Bignell’s Notown, sellers 2s dis: Blackwater, buyers pat; Bulleir Junction, sellers 13s p ; Four River Plain’ sellers Is dis; Greenstone Gold, sellers 3s 9d p; Greenstone Junction, sellers£l 7s; Grey River Consolidated, sellers 4s fid p, sales 4s; Grey River, sellers £2 2s; Hau Hau, sellers £1 2s; Jones’s Flat, sellers 9d p ; Kohikohi, buyers 5s p ; Kohinoor, buyers 8s 6d p. sellers 8s 8d; Marsden No. 1, sellers par; Maori Queen, buyers £1 12s, sellers £1 14s fid; Mosquito, buyers.7s 9d p, sellers 8s fid, sales 7s 7-Jd ; Murchison, sellers par; Notown No. 2, sellers par; Old Diggings, sales 4s p; Perry’s Reward, sellers fid p; Premier Duller, sellers par; Red Jacks, buyers Ss 3d p ; Reeves Proprietary, sellers. 19s; Docklands Beach, sellers £1 2s fid ; Ruby Creek, sellers 5s p; Three-mile .(Greenstone Credk),. sellers £1 3s; Totara Flat, sellers 2s fid; Wareatea, sales 3s 3d p. Dredging (Otago)— Chatto Creek, buyers 7s fid, sellers 10s; Dome Creek, sellers 8s: Fourteen-mile Beach, buyers £1 13s; Gold King, buyers 18s, sellers 19s; Hartley and Riley, sellers £7 2s fid; Metallic, sellers 19s; Second Magnetic, buyers £2 ss; Teviot, sellers 19s fid. O. S. Watkins, Chairman. • C. D. Morpeth, Secretary. DUNEDIN SHAREMARKET. PEESS ASSOCIATION. DUNEDIN, March 13. The Dun|din Stock Exchange sales today were: Premiums —Bendigo, 7s ; Boiler Junction, 10s fid and 10s 3d ; Maori King, Is; Trafalgar, 9s; Wareatea; 3s.

Paid-up—Arrow Junction, 3us; Central Electric, £5 and £4 17s 6d; Dobson No. 2,12 s; Electric Extended, 53s 6d, 525, 52s 6d, 525, 51s 6d, 61s, 50a 6d, 50s, 49s 9d, 50s, 50s 6d, 60s 3ci and’ 60s 6d; First Quince, 335; Fourteen-mile Beach, 345; Gibbs Beach, 16s 6d; Gibhston, 21s and 20s; Golden Bed, 22s 6d, 225, 22s 6d and 225; Golden Link, 23s 6d and 245; Great Central, 345; Half-way House, 44s 9d; Hartley and Riley. £6 18s; Kawarau Bridge, 14s 3d and 14s 6d; Kelly and Casey, 83s 9d; Leviathan, 25s 6d; Majestic, 31s; Naumai, 245; New Alexandra, 12s 9d; Richard’s Beach, 8s 6d and 8s 3d; Sailor’s Bend, 44s 6d ; Second .magnetic, 46s and’ 4.5 s3d ; Upper Magnetic, 365; Vincent Extended, 42s 9d, 42s 6d, 41s and 40s 9d. ■-

Otago Exchange—Alpine No. 2. 425; Ford’s Creek, 14s and 13s; Galvanic, 335; Magnetic, 33s 3d; Waimumu, 265.