MINING.

Otago Daily Times, Issue 10721, 9 February 1897, Page 3

MINING.

NOTES FROM REEFTON. (From Our Own Correspondent.) Heefton, February 8. • Returns: Keep-it-Dark, 2130z amalgam from 100 tons; Bullei- dredge, 17oz gold for 96 hours' dredging (top mats only). T j % aelr de i'artmeut has granted £250 for a road to the Victoria Range, and the work will bo proceeded with as pvomptly as possible. During ths ppst year, ending January 31, 181 leases were applied for in the Inangahua'County, of whichsome were refused and a few surrendered after the granting of the applications. The total increase of the leases on the county's boots vi now NOTES FlioM AUCKLAND. (From Our Own Correspondent.) ■- , „ • Auckland, February 8. On^the Stock Exchange to-day the following was toe BUSINESS DONK.

The local representatives of a wealthy Enj'.Mi syndicate have applied for a nine months' ooliou of the Great Northern mine, offering £2000 'cash xSonnn'n iPßi, d""p'-;el shares iv a cotapany of ±120,000. In the event of the option being taken up, all the developiuent of the works durin" the period, covered by the option, to beat the expends o£ the .English. syndicate. The Great Northern shares are largely held in Wellington. Ihe Bank.of New Zealand hn ß received information from London that 82!b of soecimens sent from the,i>oiir-in-Hand mine produced a gross value in gold of £3-*\) 10s. A PROSPEIIOUS COM?ANY. (Pjsr "United Press Association.) The Mont d Or Company have washed up with 2-i7oz, and declared a dividend of 2a per share ?9 Un r<}n R«. the Ust 12 mmitb* they nave divided idUOU the expenditure in gettins the gold being only £2400. Negotiations for selling to London people for £20,000 were commenced about 15 months ago, and since than the company have produced gold valued at £10 OW, and paid £5000 in dividends. , '

The Dunediu Stock Exchange teport the ■following calls from Keefton :-United Alpine, 6d (struck 2nd February); Dillon. 2d (struck let February); Golden Lead, 3i (struck 2Sth January). • , , . ■ • •

The Upper Waipovi Alluvial Gold Dre.3gin« Company (Limited) obtaiaed from No. 2 arectee 9oz lb'dwfc of gold for 139 horns' dredging last week.'.

Mr Thomaa Callender reports' 370z 7dwt ]2»r retorted gold from the Sew Hoy Big Beach Gold .Mining Company (Limited) ' o ,T. h? 'Deep Stream' Amalgamated HyJranlio hluicing t/ompany having been registered tha board of directors have held their first meeting and allotted the shares applied for. The shares were over-subscribed by several hundred; and late applications were raturned in full, and a>ro rata aJiotnienfcjinade to subscribers whose applications came to hand after the 2Sth ultima. A quantity of preliminary business was got through, and the directors intend to make a strong effort to have their principal race completed and the whole of the plant.erected ana in working order within from four to five' months. The over-subscription of this property within a few days of the issue of the prospectus is a welcome sign of ihe revival of. our local mining industry.

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