MINING.

Otago Daily Times, Issue 10596, 14 September 1896, Page 2

MINING.

• ■ IvOTES FROM AUCKLAND. . ] i , . AypittAND, September 12. \ The market closed firm with free sales- all ; round, this morning. Evidently buying orders same to hand by mail yesterday, for high-priced ; stocks were in good demand. To-day several ! hundreds of Talismans changed hand 3at 18a 3d, with farther buyers at 18s. Moanataiaris were < wanted at 15s 6d, but to sellers quoted. Wood' atock buyers advanced their offers to sls 6d, but here again holders declined to fix a selling rate. May Queens were firmer.' Purua advanced from 5s 4d to,ss 9d, and Sheridans aold at 4s 6d, at which figure more were wanted. Bunker's Hill shares were a shade firmer, sales being made at ISs. In smaller'priced;-stock Adelaides had free ; business from Is 7d to Is 9d, Golden Points at 2s , 2d to 2s 4d, and Golden Horns sold in large parcels at Is fid. May Queen Extended also firmed, sales being made at Is 3d. Alberts advanced from Is 16d to 2.3, and there was quite a run on Jewels and Sovereigns after the noon call .1 owing'to rumours regarding these properties : being sold. CoromandelftudKuaotuuu rtockshad fair business at late rates/ Cable advices have been received that the \ agents, in London. Kve floated the Royal ' Standard property, situated at Wharekerauptmga. Some difficulty v?as experienced in getting the ' Board of Trade to consent to the use of the word ; " Royal" in naming the property", it being against usage, but it is understood the members ■ of the board have now consented. The Royal , Standard is surrounded by the Taviatock, Royal Standard No. I,1 Fiery Cross, Prince of Wales, : and Devon Consols, and the flotation of this property means a great deal to the Wharekeraupunga district. • . < Cleaning up took place, to-day at the Victoria mine, when 114 loads of quartz yielded 2G7oz of , retorted gold, nuking a total value of i£73o. ■ , NCTE3 FROM RERFTON. . - ! (Frosi Our Owk Correspondent.) . ' ■ ■ ••: .-> Reefton, September 13 ; Saturday midday quotations-:—Big River, front ' 228 6d to 23s 6d; BuUor dredge, 7s to 7s 6d; , Cecksparrow dredge, 2s 3d to 2s Bd; <Jumberland, , 3s to 3s 3d; Dillon Kxtsuded, 2s to 2s 3d; Ex- ] change, Is 9d to & r Golden Lead, 2s 3d to 2s fid ; Hercules, 3s to 3« 3d; Humphrey's Gully (old ' issue), 5s to 5s 6d; Inglewood, Is to Is 3d ; Lyell '■ Creek, 23 to 2s 3d; Lord Edward, Is 9d to : £j; Keep-it-Dark, 20s to -21s; No. 8 South I Dark, 2s to 2s 3d; Success, lOd to Is; Alpine. . IBs to 17s ; United Italy, Is 3d to Is 6d; Welcome, 2s3dto2s6d. , . Weekly Returns.—Cocksparrow dredge, 3Soz 17dwt 12gr for 101 hoars (mats only); Sir F. ' Drake, 340z of gold from 110 tons (clean up); Keep- ( it-Dark, 210oz amalgam from 114 tons (top plates). ■ The manager of the Big River Company re- j ports :—"The reef found on the surface last week , has been followed for a length of 20ft, the rubble ( throughout showing gold, and prospects better as we come down the hill. W« will continue follow-- ] ing on the surf ace in that direction as far as we can." -.■■■■■■■ - i The reef in Exchange is turning out solid and ; hard. Five feet has been sunk on it. , A roef has been discovered by the Drake Company in what is knows as the Happy Valley lease. It is of good width, the stone showing that it contains gold, ; - '.'-.; On Tuesday last (says the Tuapeka Times) Sir : John Laflfey, Lawrence, pegged out 100 acres of ' alluvial ground at the head of the Taieri river, ; »nd at the same time took up 75 heads of water, . which he has since made application for to the j warden at Nasehy., The ground is situated on a j large flat, surrounded by terraces, all of which . have been proved to be auriferous. The fiat has ' also been preipected to a depth of 14ft, and proved ' to contain capital gold-bearing wanh. The dis- t tance of raco from the head of the Taieri river to I the ground is one mile, and a-half, which .will i jive a pressure of 400 ft or 600 ft. Mr,Laffey intends j to lose no time in making the necessary prepar a- t tions for working the ground, ft is intended at , once to set about levelling the race and go om with * the cutting. This will net be either a .very • lilfioalt or expensive .work, as., the. ground, 1 generally speaking, presents no difficulties of c my account. It is exceedingly uncom- f non to find such a volume of. water and, , it the same time, to command such a splendid . Fall, and it should prove a valuable property and rive big returns; The ground will, of course, be I ivorked,on the hydraulic elevating system, and it 1 :« calculated that something like £1000 wiU.ba t mflicient to provide an efficient plaut capable ef g thoroughly working ths ground. I The Dunstan Times reports that the les«ee« ef ;he Molyneux Hydraulic Sluicing Company , cashed up for 7oz Odwt 18gr gold. * A correspondent of the Taieri Advocate reports c ;hat a parcel of shotty gold was recently taken at t :he Serpentine from Riddell's Creek, near Cana- c liana, by Chinese miners. The parcel included j, everal nuggets or pieces of gold weighing from ( idwt to 9dwt. The dan of campaign carried on t >y the band, in question is to sluice mother earth " rom bank to bank at Riddell's Creek. A rich • >atch of gold was struck within a few feet of a 0 ilock of ground that was worked by a party of g Ouropem miuera a shw ' time ago. The China- & oeh have pegged off «■ extensive area both up ij ,nd down the creek. , t Mr Thomas: Callender reports- 4&z 6dwt re- j * orted gold from the : Sew Hoy Big Beach Gold ¥ lining Company (Limited) for past week from I * wo dredgeß. -I r OKINK SPUING BLOSSOM TEA. i.«