MUSING.

Otago Daily Times, Issue 10589, 5 September 1896, Page 4

MUSING.

NOTES FROM AUCKLAND.

Aucklamj, September 4.

A cable message was received from Measrs Inglis and Robson to-day, stating that a second sum of -£500 had bd-n deposited in London in connection with the purchase of the May Queen Kxtended property, ?.t the Thames. Thi*; m-skes £1.000 deposited.

An offer has been received for the option of flniiting the Waitekauri Pride on the English 'market. The directors met and decided to place i the property under offer on the following terms :— Total capital, -'120,000 (in HO.OOO shares-of £1 each); vendors to receive £3000 cash-surd 40,000 paid-up shares ; a working capital of ffi.OCO to be provided. Advice has been received bj' W. Gr-iy that the .K.irtka property has b-*eu under written, subject to the power of attorney now on its way being in order. By the terms of the sale, the shareholders will get slightly over a p;iid-up rime of £1 to," every three held in the Jocal company. The following are the quotations for shares In leading mines on the Auckland share market;—

1 Burens. | Comet 7d, Golden Point Us 9d, Kuranui Queen 9s 6d, Moanataiari. Us 6d, Moanataiari Extended 6d, Moanataiari North b'd, Monowai 5s 7d, New I Alburnia 5s 3d, New Whau lOd, Pnru ConsoliI dated ss '4d, Victoria ft* 7d, Aja.**: ljd, Diadem Ed, I Gladys 4d, Golden Anchor ls, Golden Link Is 4d, I Invicta No.th 2d, JupiWr Ss 3d, Kuaotunu Is lid, I Maori Dream ls sd, Midas ls sd, Try Fluke lis I 3d, Byron Bay Is ld, Crown 46s 6d, Ivanhoe ls i I'd, Mangakara United.ls 2d, -Waitara ls, Nonparicl 7d, Oceania ls 2d, Pandora 2d, Sterling Bd, Talisman Extended 2s 2d, Teutonic 4d, Victor 3s, Waihi Extended is, Waihi Pinnacles 4d, Waitekauri No 2 Bd, Waitekauri Prince lOd, Waverley Is lid, Wealth of Nations Bd, Woodstock 475, Harp of Tara 9-Jd. Risinj- Suu Eld, Dorothy Cd, Bay View ls 10d, Buffjlo Od, Coromandel Freehold ls, Cuirassier 6d, Great Kapauga lOd, j Hauraki South ;!s 2d, Harbour View 6d, New Tokatea le. Pride of Tokatea Is Hd; Progress | Castlerock Is 3d, Cuvier Li;ht sd, Fabulous 7d. NOTES FilO.M LYELL. (From Our Own* Correspondent.) ! Lyell, September 4. Lyell Creek.—The mine manager reports: "The distance driven for thu week is Bft—3ft south j and sft north,— making the total distance driven on the reef 36ft. There is no change in the south drive since my laat report. Iu the north a new make of stone is coming in from the footwall, bufc as it has not beon broken into yet I cannot say anything as to sine or quality. I will report to-. morrow." '

Cocksparrow Dra^a.'—The" -Jredgernaster reports: "We have uEi'/ drr-fteed'a'fw bouTs this week, two teeth liavi..-' broken out of the.driving wheel aud'also two out 'of the pinion'on tha vertical shaft. Wer.ro putting on a new driving wheel and piaion, aud expect these to be finished to-morrow evening. 1 have also been turning tho brushes in the buck-!-- during tho week." \ NOTES FROM WAKATIPU. (From Oor Own CoiutEsroNDE.vx.) Aurowtown, August 29.—We are booming" gradually along, aud Out oldest mine holds out th_ bope that the boom now in-vie-w may b^ of a permanent nature. The Ahhillcs Goldfi**Ms, .the oldest mine referred. to, - has now. got again-into full working order, tha whole of "the 30 heads oi "..tampers'having been renewed and other improvements in the min*: effected. Ths output and - - tveatment of stone will be/.'■beyoud' al! doubt,- i much increased, and if the pist high avo-a-ie per ' ton is not maintained it-mnst,not be taken-al ; indicative that the riuh stoiio has given out, for •' ihe reason of any pribable redaction in yield is that the recent improvements in the mine and ■ ba'.tery .will have tbt elfftct of making medium a'-one remunerative, and though it m?y reduce - ■he average per ton th.» g-and total ofi the output ' is likely to be incense-'., ta the evident benefit of the shareholders. According to- latest accjhnts, crushing has been, or is about to be, resumed. At Maeetown thc n-.-.v. life infused into mining

matters is beginning to mako itself felt, biith the * Victor Emmanuel 'and':'the Homeward ("Bound [■' mines having received % 'renewed'impetusaincs tho arrival of the uiinflger, Mr Palmer, tile:repre- ' V sentative. of a London syndicate, and*at.-the . ;,i present rate of progress it will not belong before: 7. quartz is brought to grass*, and subjected/.to ,-P.rao-' ■ ■ ticaltests; 7- :.:''.," :"]7:77".: ■' At Arrowtowc, and ilniost within -J*'.', stbne'e' '; throw of the Town Hail, the old Gritericiu,' reef has: ■ beon resuscitated by a London" syndicate''"Con- ';'"' sideriug that this, r-iine was abandoned "in", the ■ early days of the,rush/ now nearly 30(years ago, - and was,worked undtr. tho double disadvantages . of high\wages. (nothi'-;: less than -£,4 pej' week and '*, ■ everything else in proportion) and byyery piimi- ' live means and methods,: it is not difficult to see '.>'■' why. loz per ton did not pay, and itfwas at this 7. ■j. verage that the mine was, shut dbwa. ■ Alt this "V. U»« cow been altered, and, in addition, facilities \ "',. in the" way of transit have made it, possible that ,;;'} heavy goods, such as machinery, can now. .be ,z7 delivered at the mine at less than'tme-teiifch' of.'-: the cost it took 30 yeais ago, to say ijothii's of the - reduced initial-cost snd improvements made'in .' • the machinery itself. The company have a right v to 22headsof water oufc-of the Arrow River, which, ' amount may be. increased as .reqiiiremerits*' de- ; inand. With such facilities mediuimstoae may "; '■ be made to, pay handsomely, apdSit should, be ,' I home in'mind tbafc .izU the descripSidr* of Quartz '-. ! that holds ofit tho bert and mo3t reliable promises ."', lof success, provided ths quartz exists in quantity. .'*- The prospect), of the Criterion are: therefore very " I good, and it is to be hoped that they will not fall I short of reasonable anticipations. ■■.( ~,'", ; ; The Crystal contractors, Sawyer's "Gully, Skippers Point, have 'completed their 300ft contract, and'have driven some feetbeyohd the lh_it. ' < The indications of tb^'neArpreseu'cOof thelooked- ■•■ i / for lode are very eucouraging, and the adit is being > , continued by day labaui" in the anticipation,that the lode may be met with any day.", :,'.-- ,■*.,'.■ ,< ' Some, soreness has b*>en existing r.moagst the' :*,.■ miuers at that portion of the westeru bahk'oSthe. J , Arrow River extending from Arrowtown to * ■ Whitechapel Flat on account of Settlers running '■.'■ . their fences across tne mining reserve to the 7 ' river's edge, impeding tho free accessto many ofj'< ;-.,;' the points which are known to contain gold.-.- The', ■■,;'.' ?eneral run of this FH-ti^n of. tho river i,s rather below the wages poius, but the extent ove; Which ' the gold; which is 3rie, is scattered is con- ". siderable. A ■ petition^ numerously signed, hts ". been forwarded to th.s Wtiste Lands Board, pr*iy« . v ing for the board .to e*sr_ie tha encroaching fences, Ito bo removed. The board has referred .the I matter to the rai.gei id" the district, whoino' J doubt will-look inio it- without .unnecessary ! delay. -.'.-'/ 7. j GOLDEN L'gAll DREDGE. ",f ■ j A public preliminai*' trial of the Golden Lead dredge, situated'abonu 11 va miles above * Beau- ' . j moat, took place on the 28th ult'. Onr corre- -; j spondcnt writes: —"'f he directors of thts company j invited a largo number of friendß and sbwf-. | holders, many coming from Port Chalmei:". A , j large table, was erected close to the beach, where tea and eatables.-«ei-e dispensed by a number of ! ladies. Letters of apology were received from Dr Nicoli, Messrs Dimaut, M'Kinlay, 0. Nicholsoa, and Pilling Bros. Mr Benaefc, sen., was the chief, speaker, and was abiv helped by Messrs Gatfcen(Dunedin), Ross* and O. C. Rawlins. The dredge was built, by Messrs 'rt'orgau aud Cable, Meters Knewstubb Bros, being ihe_ sub-contractors for , _ ihe woodwork. The urcdjre is constructed of two 90ft pontoons, lOffc by'4f; 'ftjin. TSs prmts may '' _■ , be pumped at any timo by two ample ejectors " -' '" worked by steam. TL'- vholo of the machinery ! is driven by a 35 ii'ilisaicd h.p^ engine, zaanu*. fsetnred by Gwyii'-e -.nd" Son, London. Tha. j ctmine is of the doublo pf___. ompound type, con- ! trolled by Pickering gnvumora,"-'Eupnliea "With autoraatio oil feeders, ar.d working up to 220 / revolutions per minuti. The boiler is a, multi- ■' . . tubular one, 14ft fltn Lm& and sffc 6in in diurcsfcei*, ; and is supplomcnhd tilth a Penbertl-iy injector. >. jlt is also supplied wish a double set of I water gauges aud one of the latest improved 1 furnace doors. Thii cu'side of, the boiler ia !' covered with asbtat>>^ to retain the heat. * j The feed water ia sup-irhaited by an improved * j f jrm of coil heater pli.ce".'. in the smoke-box. To i prevent sediment gottfig into the boiler the faed i water is allowed t-o s-itilvj iu a 40S":al tank before ' •! bein.*; used. The whole ft the machiuory is driven I bv Dick's patent B*>U;ta belting. The ladd'u* is ' (izlt, long, the numbei of buckets - being 41. moh j having a capacity of ttrae cubic feet. All the j, machinery is housed in, :*nd it 'is reckoned to be ; the bc-t housed dredgj on the river. The boxes (.are 33ft long and 3ffc tin 'tread, stfpplemented ivith . i.tvtolOft by 2ft return sid>s shoots, and supplied ... (■with the latest improrid gold-sating aprdiahces. : ; j The pump for sup-sljri-ig nater tq'wash the dirt is \ capable of lifting 4u%-il a minute, being a Win I centrifugal one. llie ..»iuchos are of the-latest, i typo and are driven by steam-power. There is' ; •! am ole room for siniihy work on board, and in j .:ase of the steam wm-jhos being out of sepa'jthere are hand wmcliee.tn tsike, their place. There ■ are two boats for tsi> diedgsi—oqe 30ft and the I other 14ft long, lna-V- !"V Knewstubb Brers. Tho ! two head lines are 2}-;!, :.ide bow lines Ifin, stsru j line liin. All lines :ja of the best quality of steel and specially ;"*i**v,rttd by the company. j There is a full set o" life pteeervers for all on. ! board. The pontoon:! cc?t £650, and tbe machiI rery, 4c, £24f10. The dre*lge was erected under I the supervision of Mr Stnvenson, who must ba i coc^ratnlated on the ex/xlience of the work done. '- Mr James Bennet, jm*"., is manager ; the engineer,, 'Mr Trevitliick. The f.T\>i*-.*d which the new dredge * jis going to operate on i» immediately below whera i i lhe Golden Gate got excebint returns." ~..'.. , | A BOOM AT WAIPORI. 7 j tTnnsual activity preTr.-ils at Waipori in conneeI tion with mining, of -i'afch the Tuapeka. Times | gives some particulars at; f**"llow8:--- ' '* i ' Mr Charles Todd,' .>" Heriot, recently took up j fonr 100-acre blocks oi reefing country, it is'supI -ic.sed on behalf of a Home syndicate. One of . I thosi 100 acres is on the line of tbe antimony 1 -.rJne, another is on the ".Uuvial flat about Golden ! Toiafc, a third 100 is o>* Ge'jr's line of reef, the * f remaining 100 being -..a Ccx's line of reef. It is < ;utended to put men on al once to work Gear's Vae of reef, and in tbe c?i'e of the other p.operties ' I no time, so it is aftiriaeo, »«ill be lost in opening ' i iu«ni up and Giving then, -n exhaustive trial. It , I is Huthcntically stated chat Cox aud Clifford took no less a sum than _2v.MO out of the reef still, ■ arsociated with.their niiriiu ic a period extending ! over two or three years, and with working tppli- ' snecs of the ciudest and most inferior character. i I The Canton reef is also in the hands of a Horns svndicate, and the old O.P.Q. has beeu acquired v ; by Mr Andrews. Tha Canton is on the same line I of ;eef as the 0.P.Q.. ara is reputed to carry tha i be«t stone in the dir.triL-v. In the early days the •■ ' <irst owners of the Ca*itoh »ank a shaft to adepth ' S of 130ft, and at the 50ft level took, out stone that I gave from "loz to soz to tlie ton. ' - ' J A Home syndicate lias within the last few l weeks succrssfully ne-.i.tiated for over a mile of | Post office Creek. This ground it, is intendeuto , I work by the hydraulic sluicing system, or rather ; the first 60ft will be .ii*'.iced off in the ordinary WSJ*, and the remaindtr •<' the stuff hydraclicked." It is all alluvial fortu-ivlon along here, the entire striy of ground being ai-'ont five miles long and from 60ft to 120ft -in o'.-ii'.b. It runs right aloag the foot of the Maun.'SAia Range. The Golden Key Hyiis.ulic Sluicing Company, at work on Mitchell Jl.-it, are now operating on • a seam of splendid *.V':.v'a —One-fourth share in asmall four-acre claim ci-.-.riged hands recently foi illOO. The ground is ieing worked by a small {•arty of miners. Dr Black, of DunaAio University, was in Waipori for a couple of days lately, very busily engaged on a scientiilc exploration of certain' reefs, on behalf, it is said, of a Home syndicate. After leaving Waipori he went to Nenthorn on similar business. —Lawson and party, of the Canton reef • are reported to have struck rich st-o-.e in their claim at ' Mitchell Flat— Oasa? and party have got on to j good stone, and are said to bo doing fairly well.— The opinion among tho old miners is that things i I nave not looked better for ,20 years, past ,iu the I district th n they do at. present. But the present activity is nothing to what it will be in the course of a few months.—There will be no-leas than 20 -, miles of race to cut for the Post Office Creek ;. claim, referred to above-as baring been taken up ~ by a Home syndicate. '. ' ,'■'."■ A great drawback tc mining.in the district is that large areas of aurlfiirous ground are held as. ~ endowments by a auavber of little boroughs . around Dunedin—something like 1000 to SIOOO . acres. The Governmeir, applied to them to see., if they would permit niiniug, but they refused.,, They only get Cd per .icre for the land, whereas, iu the hands of tie Government it would bring in 10s an acre for min.' -a,-- on; but at present it is , locked up and can't be lonched. •

Sales. Sellers. Buyers. a. (1. f. d City of Auckland _ ls lOd 2 8 110 Comstock ... ._ ... lid 10 0 IU Golden Horn „ ... ll*d 10 0 lij Hazelbank Is 7d 4 8 4 6 ,\Uy QuwnExtendedlijd, Isld 12 11 Sheridan 2sS<l,2sl0d 3 0 2° Thames Hauraki 25s 25 0 23 0 Aortre ... laGd 17 14 Kapai-Vermont ... 10s id, 10s 5d 10 9 10 4 Mi.oriland... ls 9d 110 19 Albert ... „ ls*6d, ls 9d 2 0 17 Central .„ 3s 7d 3 S 3 6 1'iery Cross ... Is, ls ld llll) Wermanic Is 5c!. ls 4d 15 13 Golden Fleece .„ ..Bid, SJd 0 10 0 Hi Grace Darling ... 4s Ild, 4s 7ii 4 7 4 (i Imperial ... ... _. 2s 4d 2 6 2 4 Komata Triumph ... Is 3d 14 12 Ohinamuri Cd, 4jd 0 7 0 5 Portsea 2s 6d, 2s lid 3 0 2 11 Queen of Waihi... „ lslOd 2 0 17 Sovereign... ... ... Is 5d -16 14 St. Patrick ....... 8d 0 8 0 7JStanley ... ... ... ls 4d 15 13 Sybil „ 7d. 7id 0 7J - Talisman 153 3d, 15s b'd 18 0 15 0 Waihi Consols ... ... lid 11 0 10 Waihi South ... ls fld. ls Sd 1-8 17 Waihi Welcome 7id,Sd (19 0 7 Young New Zealand... Is5d 17 I 3 Bunker's Hill _. ... 7s 4d 7 9 7 3 l.'our-in-Hand „. 2s lOd, 2s 9d 2 9 2 8 Hauraki No. 2 2s 8d 2 9 2 7 Hauraki Waihi (paid up) 9s3d 9 9 — Morning Star lOd 010i 0 »" Native ... ... ... 7d 0 .7 il 6 Pigmy . ... '/id 0 9 0 7 Stir of Wynyardton .„ 3s 6d 2 10 8 5 Tandem ... .„ „ Is 1 1 0 11 Welcome Find 4s Gd 4 9 4 4 Zealandia ... „. ls lid, 2s 2 1 2 0 Broken Hill ... ... ls 4d 15 11 3