MINING.

Otago Daily Times, Issue 10036, 30 April 1894, Page 2

MINING.

NOTES FROM REEFTON. (From Oim Own Correspondent.

- Ree/ton, April 29. The following are the returns for the week :— Cumberland, 3030z amalgam from 48 tons (clean up); Wealth of Nations, 2130z from 136 tons (clean up); Globo, 2600z from 280 tons (clean up); Alpine, 3940z from 165 tona (clean up), gold for the month, 3360z from 615 tons; Progress, 2260z amalgam from 183 tons; Big River, 2680z from 130 tons ;—total, 16610z amaigam from 938 tons. The two last-mentioned companies clean up next Saturday, when a sixpenny dividend should be paid by each of them. The market has been very dull during the week. Big River sales, 103 6d. They are down 91ft with the winze on payable stone, and are opening up a block of good stone under No. 2 level. Cumberland have a very good return from the reef. The winze is down 61ft on rich stone. We believe theystait sinking immediately for another level, which ought to turn out well. Tbe Hercules have broken out 30 tons from the south block. They intend having a trial crushing of this during the week to determine its value before going to the expense of driving for it in the low level. Lyell Creek, no change; sales, 2s 3d. The Alpine return is not up to their usual average. -They will be unabla to pay a dividend this month. The Sir Charles Russell have made arrangements for tbe erection of a 10-stamp battery, &c. Price, £1500. i

Stock exchange midday quotations :—Alexander Dredge, Is Id to Is 23 ; Big Eiver, 10s 3d to 10a 9d; Cumberland, 6s to 6s 3d; Exchange, lOd to ls; Glebe, 2s to 2s 6d; Keep-it-Dark, ls; Lyell Creek Extended, 2s 2d to 2s 4d ; No. 2 Dark, 2s; Progress, 12s Cd to 15s; United Alpine, 18s to 18s 9i ; Welcome, 7d to Ql; Wealth of Nations. 2» to 2s 6d.—T. F. Fenton, T. Hubert Lee, and James Kirton.

Lyell Creek.—The mine manager's monthly report says:—"The tunnel is now driven 42ft from the start of the new contract, the curve making the distance a little longer than if driven on a straight course. Water was Btruck about 20ft back from the present face, which, in my opinioD, comes either from a quartz or mullock reef. The country for the last few feet seems to bo a bit jumbled up and underlying in various directions, so I would advise you to extend the drive ahead a few feet further, as the reef, if it lives down, is sure to be icterfected in the tunnel. The air pipes are all on the grouud, aud will bo fixed in position by Monday next."

The returns from Mr Gard's dredges for tho week ending 25th inst. are aa follow:—Steam dredge, 31-iz lfldwt. Current wheel not washed up.—Dunstan Times.