MINING.

Otago Daily Times, Issue 11858, 8 October 1900, Page 6

MINING.

DUNEDIN STOCK EXCHANGE,

The Mine Manager of the Last Chance Hydraulic Sluicing, Elevating",- and Dredging Company (Limited) reports a .return of 270z from the last paddock—one month's'work. „',/ ';•'.,, .

The return from the Golden Run pipes is 30o?.. Messrs Itnewstubb Bros, report to the directors that thoy are proceeding with the erection of the machinery of the dredge, and expect to have it completed by the beginning of December. All the machinery is now on the ground with the exception of the boiler. The directors of the Deep Stream ■ Amalgamated Hydraulic Sluicing Company have declared a dividend (the 12th) of Gd per share, payable to-morrow. ,V The Dunodin Stock Exchange -report the following quotations on • Saturday :-rShbtover Quartz Mining: Buyers Gd, sellers ls.Gd; Deep Stream Sluicing (cum div.): Sellers £1 3s.

Mi W. E. C. Reid, secretary of the 'Great Woodstock Gold Dredging Conipany, has received, the following repdrt from Mr Payne, the company's engineor, dated sth October, 1900: —

"lhe following is a general-description ..of the dredge to be constructed for : your' company: The hull is 103 ft long by 31ft wide,.and 6ft 6in deep at centre; the ladder is GSft'long, and will dredge to a depth (maximum) of 45ft from water line; the buckets are of 4J cubic feet capacity; the screen is 25ft Oin long by 4ft 6in diameter; the elevator is 42ft centres; the winches are of heavy design, driven-by a pair of vertical engines of Messrs Marshall's malte. The contract for the supply-of the machinery has been placed with the Austral Otis rConipany,_ bf Melbourne; delivery within six months. The engine has been' ordered front Messrs Marshall, Sons, and Co., and the boiler is being made in New Zealand. , The whole of the timber for the hull has been ordered, and tenders are being called for the construction."

Mr W.. N. M'Lean has been appointed mine manager tor the Canadian. Flat Hydraulic Sluicing and . Electrical' Power Transmission Company. A party of men have boen despatched to the claim for the purpose of racecutting. The directors have decided to use every endeavour to push forward the work of bringing in the water, and-are hopeful of. commencing sluicing operations before the end of the year. ... The Manager of :the Mount Rex Tin Mining Company, Ben Lomond, reports under oate 'September 22:—"Dam: Have finished details required for completion of same; the dam is now filling very slowly, as every foot in height expands over a much larger area. Hoad race: For the week have cleared and graded 10 chains for fluming, also completed cutting four chains of race.- Main shaft::-For the week have timbered 27ft and Slink sft; total 130 ft. This is tho depth to top-'of plat. Shall now commence cutting out plat as we go' down with the shaft. Battery: Erecting frame work to carry beams for the driving.. shafting, from small pelton wheel, and also to carry roof over battery; making good progress with storage hoppers."

THE WEEK'S DREDGING RETURNS. During the week ended Saturday, October 6, returns were reported from the following dredges:— ~,-,■■'" Oz..dwt. gr. Hartley and Riley, Cromwell (130 hours)'- -'..„.. 322 5. 0 Clyde, Alexandra^ .. .. .. .. 124 0 0 Meg and Annie, Kawarau River.. 105 tO 0 Manuherikia, Alexandra (130 -, hours) '..'-.. .". 102 14 ; 20 Empire, Waipori (2 dredges) ';. 54. IS- 0' Perseverance,-Alexandra' ... ;-.. 51-•■ 5 0; Charlton - Creek, bear Gore (125 liours) :. .'.'.. 40 0 0 Cromwell, Cromwell (111 hours).. 39 11 21 Gold Queen, Dumbarton ' Rock (119 hours) .. .. ... ... ..37 0" 0 Woolshed, Glenore (13G hours).. 3G 14 0 Success, Waipori (137 A -hours)'.. 35 ; G 12 Junction Electric (No.l) .... .. 31-12: o Matau, Clyde .. .. 28 0 0 Golden Gate, Miller's Flat (6 days) .', .. ■'■.'.'. ... .. .., 24 10 0 Earnscleugh (No. 1), Alexandra.. 23 13 0 Vincent, Clyde (133 hours) •' .. .22 0; 0 . Enterprise (No. 1), Alexandra (117 hours) .. .. '.. '-.-. .... ■21 GO Otago, Miller's Flat 21 3 0 Waimumu, near Gore , (124 hours) .-...- 30 0 0 Manorburn, Manuherikia (108 liours) ~ .. ....... .. ... 18 .11 . 0 Morning Star, Manuherikia (130 ' hours) .... .. 18 4 0 Enterprise (No. 2), Alexandra (134 hours) ... '■.'. .. 16 7 0 Waimumu Queen, near Gore (100 ' ■' hours) .. .. 16 6 0 Olrig, Manuherikia ... .. .".'. T? 4 0 \yaimuimi Central, near Gore . (119 hours) ... .. .; -~.,... 14 3 0 Waimumu Extended, near:' Gore (120 hours) .. "..' ...'."'..'--13."6 0_ Chicago, Alexandra (3 days) ~''lo 0, 0 Magnetic, Cromwell (3 days)'; ..."10. o'. 0 Inch Valley, near Palmerston . " (103 liours) .. .._..;-'.. .. " G 18 0 Waikaka Forks, Waikaka (99 hours) ... 5, 5 11 Total', '-.._ .. .:...'.;'... 1285 ; 9 IG

REPORTS FROM WORKING DREDGES,

The Secretary of the Meg and Annie Dredging Company reports, a return of 105oz lOdwt for last week. '.'' :

The Secretary of the Empire Dredging Company reports a retuni of 540z 18dwt. ,

The Secretary of the Golden Gate Dredging Company reports a return of 240z 16dwt for six days' dredging.

The Secretary of the, Manuherikia Gold Dredging Company reports- a return of 102oz 14dwt 20gr for 130 hours' dredging. Wash still good; river going down ; dredge working well. The Secretary of the Vincent Dredging Company reports a return 0f.220z W-133 hours' work. Stopping on Monday to take off elevator. „ • ■_':_'

The Secretary of the Chicago Dredging Company reports a return of lOoz for three days' dredging.

The Dunedin Stock Exchange report the following return for last week: —Otago Dredging Company, 21oz 3dwt. The Golden. Treasure dredge is repairing. The Secretary of the Waimumu Queen Dredging Conipany reports a return of 16oz Odwt for 100 hours' dredging. The Secretary of the Olrig Dredging Company (Limited) reports a return of 14oz 4dwt for last week. The.dredge is, taking a cut io the lower end of the claim.. Wash not so good, but will probably improve when she returns. Mr L. Ryan, Alexandra, reports a return of 51oz sdwt from the Perseverance dredge. The Molyneux Hydraulic dredge started on Saturday morning. , . ,:

* The Secretary of the Manorburn Gold Dredging Company reports a return of 18oz lldwt for 108 hours' dredging. The Secretary reports that the Waimumu dredge washed up 20oz for 121 hours' dredging. '...-- Tho Secretary reports that the Wnijmmm Extended Dredging Company's retuni is l.loz 6dwt for 120 hours' dredging.'

The Secretary of the Waimumu Contral Dredging Conipany reports a return of 14oz 3dwt for 119 hours' dredging. The Socretary of the Matau Dredging Company reports a return of 28bz for the week. The Secretary reports a return of 121.07. frcm the Clyde dredge last week. The river is. Sft above normal mark, but is now falling. :

The Secretary reports that the return from thb Earnscleugh No. 1 dredge is.23oz, 13dwt. The Secretary reports that the Magnetic dredge washed up for lOoz for thice days' work. River iv flood, still rising. ' The Secretary of the Waikaka Forks Gold Dredging Company reports: a return of 56z sdwt llgr for 99 hours' dredging. _ The Secretary reports that the.Electfic dredge is still repairing. River up iff; no wash up this week. '.■-.''

Mr J. J. Gibson, Lawrence,1 reports a return of 350z Gdwt 12gr from the Success dredge for 137 A hours' work. '•'■_-"'■

The Secretary of the Cromwell Dredging Company-reports a return,of 390z. 11 dwt 21gr for 111 hours' work. River" up 4ft. The Secretary of the Junction Electric Dredging Company reports a.return. of 31oz 12dvvt from the No. 1 dredge. Riv4r too high to work. Tho No. 2 dredge resumed dredging on Friday morning at the bottom, of the claim. 'i"he Secretary of the Enterprise Dredging Company reports:—No. 1 dredge, 21oz Gdwt for 117 hours' work; No. 3 dredge, 16oa 7dwt for •131 hours'-wgik,

The Secretary of the Charlton Creek Dredging Company reports a return of 40oz for 125 hours' dredging.

The Secretary reports that the Woolshed dredge obtained 3lioz 14dwt for 13G hours' work last week. - ,- :

'The Secretary of the Morning Star' Dredging Company reports a return of 18oz 4dwt for 130 hours' dredging. ; The Secretary of the Electric Extended Dredging Company received the following wire on Saturday:—" Started shifting yesterday. Hope to get down by Wednesday. Have got over the bar."

Sales took place on Saturday at the following premiums: —Electric Extended, 375, 37s Gd, and 375; Gentle Annie, 18s 3d and 18s Gd; Kawarau Bridge, 2s; Monte Christo, 12s Gd. Salc3 were also made at the following prices:—Electric, £2 10s; Endeavour, 265; Hartley and Riley (ex dividend), .17, £6 19s, £G 18s, £6 lGs Gd, £6 16s, £6 15s, £6 14s, and £6 12s 6d; Junction Electric. 29s- and 23s Gd; Manuherikia, £1 8s; Meg and Anriie, £3 12s 6d, £3 12s, £3 lis Gd, and £3 lis 3d; Nil Desperandum, 4s Gd; Second Magnetic, £2 Os'Gd; Upper Magnetic, £2 Os Gd and £2 Is Gd.

The following are Saturday's quotations, subject to the usual brokerage: — Alexandra Lead—Sellers !18s. Alpine Consols—Sellers £2 Os Gd. Arrow Junction—Sellers £1 Bs. Boundary Creek—Sellers Cs p. Cairnmuir—Buyers £1 10s, sollers £1 14s 6d. Callaghan's Creek—Buyers Is p. Charlton'Creek—Buvers £1 13s, sellers £1 15s. Chatto Creek—Sellers £1 7s. Commissioner's Flat—Sellers ls dis. Cornish Point—Buyers ls 9d, sellers ls dis. Crown Diamonds— Buyers ls Gd dis. Davis Bend-— Buyers 3s, sellers 4s 3d p. Dunstan Lead—Sellers £1 Ss. Eclipse—Sellers £2. ■ Electric—Sellers £2 10s Gd. Electric Extended—Buyers £1 16s, sellers £1 17s 6d p. Endeavour—Sellers £1 7s Gd. Ettrick (old contributing)— Buyers 9s, sellers Extended Fourteen-mile Beach—Buyers 2s 3d, sellers 2s 9d p. ■':'': First Chance—Buyers £1 12s, sellers £1 15s. Foley's Creek—Buyers 7s p. Fourteen-mile Beach—Buyers £1 16s, sellers £2.:<

Galvanic—Buyers £1 Bs. Gentle Annie—Buyers 18s, sellers 18s Gd p. Gibb's Beach—Sellers 2s dis. Globe—Buyers Is p. Gold Queen— Buyers £1 Us 3d, sellers £1 13s. Golden Bed—Buyers £1 5s Gd, sellers £1 Gs Gd.

Golden Chain—Sellers 2s clis. Golden Gravel—Sellers par. Golden Link-Sellers 18s. Golden Ripple—Sellers par. Golden River—Buyers Is Gd, sellers 2s p. Golden United—Sellers ls dis. Grand Junction—Buyers ls dis, sellers 3u p. Great- Central—Buyers 13s, sellers 14s Sd p. ■ Great Lead—Buyers 2s dis, sellers par. Greenstone—Buyers Gd dis. Greenstone Creek—Buyers par. Grey River—Sellers £1 14s. Grey River Consolidated—Buyers 2s p. Gunton's Beach—Buyers Is clis, sellers par. Halfway House—Buyers £1 Ifis, sellers £1 19s. Haopy Valley—Buyers 4s, sellers 3d dis. Hartley and Riley (ex div.)— Buyers £G 12s, sellers £G 12s 6d. " Island Creek—Buyers Gs, sellers 9s p. Junction Electric—Buyers £1 8s 3d, sellers £1

9s. Kawarau Bridge—Buyers,ls lOkl, sollers 2s p. Lady Charlton—Buyers 4s, sehers 3s dis. Lawrence—Buyers £1 12s 6cl. Leaning Rock—Buyers 7s, sellers 4s Gd dis. Leviathan—Buyers.£l 15s, sellers £1 17s. Long Valley—Buyers 7s Gd p. Magnetic—Sellers £1 15s. Majestic—Buyers £1 2s. Malono's—Buyers -Is dis, sellers par. Manuherikia—Buyers £1 Bs, sellers £4 10s. Marsden No. 3—Sellers Gd p. Meg and Annie—Buyers £3 lis 3d, sellers £3

15s. Merrimac—Buyers £2 ss, sellers £2 Bs. Metallic—Buyers £1 3s, sellers £1 os Gd. Mokoia—Buyers £1 ls. Molyneux Hydraulic Company's Dredge— Buyers 16s 9d, sellers £1 3s. Monte Christo—Buyers 12s, sellers 13s p. Nelson Creek—Buyers £2 25.. New Alexandra—Sellers lis. Nil Desperandum—Buyers 3s 6d, sellers 5s

6d/ Nugget—Buyers 4s 3:1, sellers 5s Gd. Old Dunstan—Sellers ls p. Olrig—Sellers lGs. Orwell Creok—Buyers 2s Gd p. Premier Waikaka—Buyers 19s.

Reeves Proprietary—Sellers par. Richard's Beach—Buyers £1 4s, sellers £1 7s. River Molyneux—Buyers 5s Gd, sellers Gs

Gd p. Roxburgh Jubilee—: Buyers Ss, pellers 3s 3d p. Second Magnetic—Buyers £2, sellers £2 ls. Soutli Island Prospecting—Sellers par. Sunlight—Buyers 9s Gd, sellers lis. Tereniaknu—Sellers Gd p. Teviot—Buyers 2s 6d, sellers 2s dis. Union Jack—Buyers os clis. Upper Magnetic—Buyers £2 ls, sollers £2 ls 9d.

Victory—Buyers 2s Gd, sellers 3s p. Vincent —Buyers £2. Waikaka Forks—Sellers 19s. Waimumu Contral—Buyers £1 8s Gd. Waipuna—Buyers £1 5s 6d, sellers £1 7s 6d,

OTAGO STOCK EXCHANGE. Great Central shares were sold at 12s premium on Saturday. Sales were also made at, the following piices:—Alpine No. 2, 42s Gd; Meg and Annie, £3 12s and £3 12s Gd. -The following arc Saturday's quotations: — Alexandra Eureka—Sellers" £2 10s. Alexandra Load—Sellers lGs. Alpine Consols—Buyers £1 17s, sellers £2 2s Gd. Alpine No. 2—Buyers £2 3s, sellers £2 4s Gd. Bendigo—Buyers 4s, sellers 7s p. Boundary Crook—Buyers 2s 3d, sellers Gs p. Cairnmuir—Buyers £1 12s 9d, sellers £l'lss. Caledonia—Sellers 2s dis. • , . Central Electric—Buyers £iS 10s, sellers £3 14s 6d. Charlton Creek—Buyers £1.135, sellers £1 15s 6d. Chatto Creek—Sellers £1 7s Gd. Central Magnetic—Sellers 3d p. Cromwell—Buyers £4 15s 6d. Dunstan Lead—Sellers £1 Bs. Dunstan Pioneer—Sellers ls p. Eclipse—Buyers £1 15s, sellers £2. Electric—Buyers £-2 os, sellers £2 lis. Electric Extended—Buyers £1 lis Gd, sellers £1 14s Gd. Extended Fourteen-mile—Buyers 2s, sellers 3s p.- ' Fourteen-mile Beach—Buyers £1 14s. Galvanic—Sellers £1 13s. Gentle Annie—Buyers 14s, sellers 17s p. Gold Queen— Buyers £1 12s Gd, sellers £1 15s. , .Golden Bed—Sellers £1 7s Gd. Golderi Glen—Sellers par. Golden Molyneux—Buyers 15s Gd p. Golden Point—Btiyers -£1 3s Gd. ' Golden River—Buyers 9d, sellers 2s p. ; Golden Run (paid)— Sellers: £.2 10s. Great Central—Buyers £1 lis Gd, sellers £1, 14s. Halfway House—Buyers £1 lis, sellers £1 19s. Hartley and Riley—Buyers £7, sellers £7 2s. Hokitika Extended—Sellers Gd p. Hokitika River—Sellers 4s p. Horowai—Sellers 3s dis. Horseshoe Bend —Sellers ls p. Kawarau Bridge—Buyers ls Gd, sellers 3s p. Kelly and Casey—Sellers 10s p. Leviathan—Sellers £1 19s. Lower Enfield—Sellers par. Magnetic—Buyers £1 ss, sellers £1 13s.'. Majestic—Buyers £1. ; Manuherikia—Buyers £4 Bs, sellers.£4 12s Gd. Meg and Annie—Buyers £3 lis, sellers £3 14s. Merrimac—Buyers £2 ss, sellers £2 9s Gd. Metallic—Buyers £1 2s Gd, sellers £1 6s. Moke Creek—Sellers par. Mokoia—Buyers £1 3s. Monte Christo—Buyers lis Gd, sellers 14a Gd p. Naumai—Sellers £1 ls. Nelson Creek—Buyers £2 2s. Nevi3—Buyers £1 ss, sollers £1 lis. Olrig—Sellers 17s Gd. Orwell Creek—Buyers 2s 3d, sellers 4s p. Pactolus No. 2—Sellers Gd p. Prince Arthur—Sellers par. Richards's Beach—Buyers £1 3s Gd. sellers £1 7s. River Molyneux—Buyers 5s 6d, sellers Gs Gd

PHoss Flat—Sellers par. Roxburgh Lead—Sellers par. Second Magnetic—Buyers £1 18s, sellers £2

Tacon's Cardrona—Sellers ls dis. Teremakau—Sellers par. Tyson's Beach—Buyers 2s, sellers Is dis. Upper Magnetic—Buyers £2, sellers £2 0s 9d. Atncent— Sellers £2 ss. Wainuimu— Sollers £1 8s Gd. Waipuna—Buyers £1, 4s Gd, sollers £1 7s Gd.

THE EQUITABLE STOCK EXCHANGE report as follows: —

Sales.—Alpine Consols £2, Bendigo 6s p, Electric £2 10s, Electric Extended £1 12s 6d p, Gold Queen £1 14s Od, Grey Paver £1 13s ed, Hartley and Riley £6 19s and £G ISs, Premier Waikaka 19s Gd, Second Magnetic £2, Vincent £2 35,; "Waimumu Central 29s Gd. Buyers.—Alpine Consols £1 19s, Bendigo 5s p, -Boundary Creek 5s 3d p, Electric £2 9s, Electric Extended £1 10s p, Fourteen-mile £1 1.55, Gentle Annie Hs 6d p, Gold Queen £1 13s, Golden River 3d p, Grey River £1 12s Gd, Hartley and Riley £6 10s, Kawarau Bridge 2s p, Merrimac £2 - 43. Orwell Creek 2s Gd p, Richards's B<_ach fl Gs, Sailor's Bend £2 Is, Second Magnetic £1 19s, Sixteeii-mile Beach par, Upper Magnetic £1 9s; Upper Waipori 10s 6d, Vincent £2 2s Gd, Vincent Extended £2 2s, Waimumu Central £1 Bs. Sellers.—Ahaura River Gd p, Alpine Consols £2, Arthur's Point 17s 6d, Bendigo 7s Gd p, Bluo Bell par, Boundary Creek 5s 9d p, Eclipse £2 Is, Electric £2 lis, Electric Extended £1 Ms p, Endeavour £1 Bs, First Ta-icri 2t)s, Fourteen-mile Beach £2 ls Gd, Galvanic £1 Its, Garibaldi 6d dis, Gentle Annie 16s Gd p, Gold Deposit 5s dis, Gold Queen £1 16s, Gunton's Beach par, Golden, Reward la p, Grand Junction 2s p, Greenstone 3s p, Harris Beach par, Hartley and Riley £6 19s, Horseshoe Bend 2s 6d dis, Inch-holme Is p, Lawrence £2, Lean-^ ing Rock.2a dis, Leviathan £1 18s, Meg aad

Annie £3 15s, Merrimac.£2 9s, Metallic £1 9s, Monte Christo 15s p, Morning Star 21s, Oid Dunstan Is' Gel pi Olrig"22s Gd; Orwell Creek 4s- Od'p,' Otama. 2s dis, Premier Waikaka .21s, Reeves's'Pi'oprietary;2ls, Richards's Beach 295, Ross Flat par," Roxburgh Jubilee 3s p, Second Mueuetic :£2 ls; Teremakau Gd clis, Three-mile Greenstone 4s p, Vincent £2 7s 6d, Vincent Extended £2 6s, AVaimumu Central £1 10s.

OPENING OF TIIE CENTRAL ELECTRIC DREDGE. (Fhom a Cokbkspoiident.) CROMWELL, October 4. The opening of the Central Electric dredge was celebrated at 4 p.m. to-day. The weather was all that could be desired. There wero present upwards of 100 people, about half of this number consisting of the fair sex, who generously supplied relreshments of all descriptions in abundance. The opening was one of the finest and most popular events that ha-_t been witnessed in our district. Mr Jolly, a popular resident of Cromwell, and one of the largest shareholders, on behalf of the Contral. Electric Company, briefly explained the object of the gathering, and expressed .himself ao being highly satisfied with the dredge and the smooth way in wliich the wholo of the machinery worked, reflecting great credit on the consulting engineer, the contractors for the machinery (the Dunedin Engineering Company), and the constructing engineers (Messrs W. G. Mouat and party), who had beyond doubt carried out the work in a creditable manner. Mr Mouat, who was theu called upon, in a few well chosen remarks explained that tho Central Electric dredge was ono of the largest and most up-to-date dredges of the Molyneux fleet. Nothing hud .been spared by him nnd his party to turn out a complete aud finished work. The machinery was strong and powerful, anbj ho was sure that it would work smoothly. The company had a valuable claim, and he hoped that ere long they would be able to have a. word with their neighbouring dredge (Hartley and Riley) in bumping returns. The success of the dredge was then drank, and Mrs Jolly then christened the dredge the Central Electric, wliich -was done in the usual way by breaking a bottle bf champagne. Steam was then turned on, and everything worked with perfect smoothness. The ladder was lowered and dredging staited, the buckets coming up brimming full. This was kept going for fully an hour. It is*oeldom that a dredge starts oil so smoothly as did the Ccutral Electric, ancl the directors should feel pleased at having such a good and smooth-running dredge. The dredge was handed over to Mr J. Taylor, engineer, who will run hor for one month for the Duueclin Engineering Company, when she will be handed over to the conipany. The river is rising fast, and it is expected the dredge will be dropped clown the river on to the lower portion of her claim early next week.

Messrs Mouat and polity are making good headway with the erecting of the machinery for the Alpine Consols and Alpine No. 2. Most of the heavy machinery is in position, aud if the balance comos soon to hand these two dredges Will be completed early in iNovember.

. NOTES FROM ALEXANDRA. (Fbom Oub Own Correspondent.) ALEXANDRA, October 6. Tho Molyneux continued to rise throughout the night til! early morning, reaching a maximum height of about Gilt, being a rise of over -1 ft. The river is subsiding again, and this afternoon was about sft ahove normal. Tho staff of workmen to build the Dart Company's pontoons left Alexandra this morning. The returns from the local dredges are again good. . NOTES FROM CLYDE. CFbom Oub Own Coi.bespoudf.nt.'l CLYDE, October S. The Cairnmuir pontoons were successfully launched last evening. The river is now. falling slowly. The weather has cleared up, and is bright and shiny again. NOTES FROM-CROMAA TELL. (Fhom Our Own Cobr'p.si>oudent.) CROMAVELL, October G. The weather is fine, nnd the rivers are falling. The Junction Electric, dredge has moved to the foot of her claim, and has started on the Central Electric boundary. THE GREY RIVER DREDGE. (Feom Oue Own Correspondent.) GREYMOUTH, October 6. The return, from the Grey River dredge for the week ending to-duy was 13oz for 115 hours.