MINING.

Otago Daily Times, Issue 12606, 9 March 1903, Page 6

MINING.

p":' :.- ——* The secretary of the Rise and Shine Gold Dredging .Company reports a return of 630z 2dwt for 130 hours' work. The dredgemaster states prospects are good, and that the ; machinery is running well. The return from the Golden Gate dredge last »?eek was ®°ss 16dwt lor six days' work. The nvei is steady. The secretary of the Otago Company reports that'the No. 2 dredge obtained 23oziodwt for -1 340 hours' work in old ground last week. Hie Mii 1 No. 1 dredge was undergoing repairs all week. 1 The secretary of the Three : inile (Greenstone >r, Creek;' Company reports a return of 290z for 110 hours' dredging. Two days were occupied , in effecting repairs to the tumbler framing and bush Tho secretary of the Grand Junction Comg?: \pany -reports a return of 19oz for 109 hours' S*.;pw°rk. 'The dredgemaster states that the wash &;•is improving, and also that time was lost last owing to boiler inspection. wVj. 'The secretary of the Earnscleugb ComDany reports 1 a return of 250z lOdwt from the No. 1 % dredge for 185 hours' work. The No. 2 dredge , starts again' to-day. t , The .secretary of the Riley's Bench Gold • Dredging. Company reports a return of Ifloz . Ifxlwt fcr. last week. The dredgemaster stated v that tho river was up a foot 011 Saturday. f The return from the Champion Cmimany's dredge last; week was Gti7. Gdwt. The ladder is 1 , being extended.4ft in order to enable the dredge td reach the. bottom. The -return from the 1 sluicing'claim last week was 6oz lOdwt from tho if , ton dirt.-- .... -The secretary of Lafranchi's Freehold Comreports a return of Soz Gdwt 12gr, for 50 ' houn' work, The dredgemaster is now waiting for toe shaft, which will b« despatched to-day. prM'The, dredgemaster of the Waikaka- United No. 2 dredge reports that the return last week > Was 48oz''3dwt of amalgam, equal to 18oz 19dwt _ , 17gr of gold.: p«f^ : 'iTherfi was no return from the Callaghan's pgjtQreek'dredge last week. S'tiffbrd Waimea dredge was undergoing Sjferepaua until Thursday, in consequenca of which last-week. he adjnurnrd extraordinary general. meeting ®Spf;,'sKaieholders' in flu. Voltaic Dredging Com-py-;pany will be held at the. company's office at 5 "ftp'o'clonk tliia,afternoon. ' Majcstio Gold Dredging Company's IfM'iliimitcd), dredge was repairing and .overhaulM»ing all' last week, consequently there was no. SBtfTOdMro) sSgr'There was no wash-up on the Meg and Annie l|ji';dredge last'week owing to the stoppage necescooling,the boiler for examination by ®|pße'inspector of machinery. . ■ . . . . RECORD BICYCLES. , .. . . ®feD^you ! cycle? 'If not; why not? It will use the trams when Cooke, aid Co. are selling 'MOTORS, JUBILEE Bicycles *t enor-. .reductions. 1 -Motors, .£SO; easy, terms.—j llf WSc4W!,-wd'l62 .Great Kisg street,' Diirie'din, - ■ ; . v - '.. ; "

Owing to floods having, washed away all the aanis ana ipartly silted up tho paddock, the Waimumu Central dredge had to work through' ft Clay bank to gut on to payable ground. 1 , Wash V r ? 3 a ß« ,n struck last week, and more ; trnf m tetll v'a may now be exnectcd. i The Tuapeka. Times sayS:-The Taniwha dredge hacUlie misfortune to break her crown wheel on-Thursday inorning.—The timber and machinery of the Scottish Cliief Dredging Comliquidation) were sold at auction by ! Mr J. C. Atbuckle 011 Friday afternoon. There was- a good attendance of those interested in dredging. The timber brought very satisfac- ' of 'kauri being bought by inn» i "'®' - 1 ""' < 8C "? ent > a' 15s 6cl per 100 ft, and 10,000 ft of blue gum by Mr H. 11. ■ Leary. (as- agent)- at 123 Cd per 100 ft. The . T a °fe ry ™* s I>urcha;etl Mr George Leslie foi £500;-The balance sheet of the Waitihuna dredging Company for the,year ended 31st January,--1903, has been issued to shareholders, ine liabilities of the company (including £1330 shares alloted) am/omit to £1509 8s Bd, and the assets to. 2d. The revenue account ' nimTo 02 17dwt '% 1 gold, valued at nIMO WOa ille 3' Mr S COS{ ™ fo. wages, plant maintenance „ l * 9 8d > working expenses £124 19s sd, coal iWB.-Ba, or a total ot-£I3OB 19s 6d, leaving a credit to profit and loss of £(38 Gs Gd. The UebJ.c side of profit tod -loss account shows ije following charges:'—taw costs arid registration £40 2s lid, management £55 4s, interest p 7s Gd, rent- rates and taxes £44 ss, print'fJX, 51 stationery £7 17s 3d. general expenses £9,3s lOd; total £IG2 0s Gel. Pour hundred, and B'.gnty-three pound was paid in dividends, leaving a balance of £-13 Os Gd to be carried forward A correspondent informs the Tnapekti Times that t-lie mishap which resulted in the Jutland Hydraulic sinking was caused by the buckets whilo working in shallow ground on Mondav afternoon getting round on the bottom of the pontoons and tearing away a couple ot planks. • There was at once a sudden inrush of water, ■ fallowed almost immediately by tlio sinkin" of-'the dredge. No time was lost in faking the necessary measures to ascertain the cause of tho accident, and prompt steps were taken to repair the damage. By using tho hydraulic plant with which tho dredge is vorßod, the paddock was pumped out, and on Thursday everything was in readiness, as far as the position of the dredge is concerned, to repair the -dapiage. This, it may be said, is somewhat serious, consisting of the displacement of two and a-half inch planks. It is expected, however, that the dredge will be able to make afresh start at the beginning of the week. Mr Fox, who, on being apprised of the accident, at once left Dunedin for Waipori. speaks in very high terms of the snlenditl services rendered by the dredgemaster (Mr 1. G. Jefferson) and crew. -They had a hard, disagreeable task to perforin, but they went through it willingly, and did not. spare themselves in carrying out the work. The adjourned extraordinary general meeting of the Voltaic Dredeing Company will bo held in tho company's office this afternoon. A' meeting of shareholders in the Lone Valley Gold Dredging Company will bo held this (Monday) evening. THE WEEK'S DREDGING RETURNS During, the -week ended Saturday, March 7, returns wero reported from the following dredges:— „ ~ , T Oz dwt. gr. Cromwell wo. 2, Cromwell .... 95 3 o New Roxburgh Jubilee, Roxburgh, 233hrs 70 17 G Riso and Shine, Up. Clutha, 130hrs_ (J3 2 0 Enterprise No. 1, Alexandra, wk 4G 10 0 Enterprise No. 2, Alexandra, wk 45 10 0 Electric No. 1, Cromwell .. .. 44 0 0 Dunstan Lead, Alexandra, 5 days 40 4 0 Waikaka, Waikaka, 132hrs .. 33 1 0 Golden Gate, Miller's Plat, Gdys 32 1G 0 Royal Wainmmu near Mataura, „ 971 "s .-•••' 31 11 0 Now Teviol, Roxburgh, G3hrs .. 30 .1 0 Cairntrodlic, Poolburn 28 5 0 Earnscleugh No. 1, Alexandra, 135hrs 25 10 0 Sneddon's Freehold, Waikaka week 25 0 0 Matau, Clyde, 2 days 9lirs .. .. 25 0 0 Central Charlton, 11'r Gore, 129hrs 25 0 0 Otago No. 2, Beaumont, l-lOhrs 23 10 0 Muddy Creek, Wnikaia, 130hrs .. 25 0 0 Waika-ka Syndicate, Waikaka. ™ ek • ' 21 0 0 CTomweil 1, Cromwell, 132Urs 20 13 0 Molyneux Hydraulic, Alexandra, J 1 .®!"!. 19 H 0 Olng, Manuherikia, lQGhr* .. 19 11 0 Grand Junction, Nevi3 River, 109hrs 29 q q Waikaka United No. 2, Waikaka, week 18 19 17 Ngapara No. 3, Nevis River, 130hrs 1813 0 Inch Valley, near Palmerston, 133hr3 is (j q "Waikaka United No. 1 Waikaka-, week 17 16 0 Prince Arthur, Upper Shotover, 1-lGhrs ~ .. 17 3 q Golden Bed, Millev's F.'at, liohrii ]' o o Globe, Waikaka, 132hrs .... 1G G 0 Gabriel, Tuapeka Plat, week.. 10 G 0 MacCharlton. near Gore, ISiJhrs.. 15 5 o Ettrick, Roxburgh, 77hrs .. ~ 15 o 0 Mystery Flat, Waikah, 130hrs .. 14 5 0 Charlton Creek; near Gore, 100hr3 14 0 0 New Golden Gravel, Beaumont-, „ r l3 ." u 's 13 13 0 Waimumu Extended, nea.' j Mataura, 127hrs 13 10 0 Wsikeka Queen, Waikaka. 123hr3 13 0 0 Spec Gully, near Mataura, : 5 <lays 12 15 0 Central Mataura, Mataura, 951 mll 10 0 Waimumu Queen, nr Mataura, ! .... u i o Clyde,. Alexandra, 4?,<lys .. .. 11 0 0 Golden Treasure, Miller's Flat, week .. .. • 11 0 0 Riley's Beach, Cromwell, wk .. 10 10 0 Waimumu Central, near Mataura )0 hi 0 Lower Enfield, Waipori. 169hrs 9 8 0 L-afranchi's Freehold, Cardrona, , SOhrs 8 6 12 Champion, Beaumont G G 0 Total 1148 18 11 The West Coast. North Beach, llQlirs 70 0 0 ■ Pactolus No. 2, 135hrs . 42 5 0 j Mosquito, 127hrs 40 0 0 Feddoraen, 138hrs-. 31 o 0 , Mokoia, 4Jdvs 33 8 0 Three-Mile (Greenstoue Creek), ' llOhrs 29 0 0 ' Kohincor, llOhrs 28 0 0 ' Aldingo, 129!irs 25 9 0 Blackwater River, 1201it3 ~ .. 23 15 0 ] Shellback, 120hrs 19 2 0 i Greenstone Creek, 128hra 38 "8 0 Prince of Wales, lOlhrs .. .. 17 0 0 ■ Blackwater Lagoons 17 0 0 1 Victory, 120hrs 15 17 0 1 Leviathan, week 10 16 0 1 Greenstono Junction 9 8 0 ' Commissioner's Flat, 30!irs .. 5 12 0 j Total 430 0 0 1

DUNEDIN STOCK EXCHANGE. For the third timo last week the Dimcdin Stock Exchange met on Saturday without transacting any business. The demand for shares, was as frood as usual, but there was very little alteration from previous quotations, buyers refusing to move up, while sellers would not accept less than they formerly wanted. In all probability the market will be quiet for the next few weeks, but as soon as there are indications that tho river is approaching its permanent winter level there should he a revival in business, as good returns will be looked for with regularity. The river was steady at a height of oft lliu above tho normal mark at Alexandra 011 Saturday morning. The following are Saturday's quotations, subject to the usual brokerage: Alexandra Bonanza—Sellers lis dis. Alexandra Lead—Sellers 15s 9d. ■ Bignell's No Town—Buyers 4s, sellers Gs. Buller Junction—Sellers 16s Od. Central Charlton—Buyers G?. •Cromwell—Btiyen £i Is, sellers £3 Gs. .Davis's Bend—Buyers Is Gd, sellers Gd dis. Diinstan Lead—Buyers Rs, sellers 10s. ■Endeavour—Buyers 4s Gd. Eriekson's Howard—Sellers 10s 9d. Feddersen—Buyers 17s Gd. Globe—Buyers 33. Golden River—Buyers 2s lsd, sellers 2s'9d. Happy Valley—Buyers 5s 9d,'sellers Cs Bd. Inchdale—Sellers 7s.' Junction Electric—Buyers 12s Gd, sellers lis Gd. Kelly and Casey—Sellers Is Gd. Kohincor (pref.)—Buyers 19s, sellers £1 Is 6d. Lafranchi's Freehold—Buyers 10s, sellers lis 3d. Manuheriltia—Buyers ft Gs, sellers £110s. Mokoia—Buyers 13s Gd. sellers 15s. Molvnenx Hydraulic-Sellers 12s Gd. Mosquito—Sellers £1 10s. Nelson Creek—Sellers £2 Gs 9d ".New Alpine Consols—Buyers 17s, sellers 19s. New Bendigo—Buyers Gs Gd, sellers 7s Gd p. New Halfway Houso—Sellers 4s Gd. North Beach—Buyers £1 5s 3d, sellers £1 7s. New Leaning Rock—Buyers .{l. Gs, sellers £1 7s. New River Molyneux—Buyers Bs, sellers 9s 9d. New Roxburgh Jubilee—Buyers £1 7s, sellers £1 103. Perseverance—Buyers £-2, sellers £2 9s Gd. .Prince Arthur—Buyers 10s, sellers 12s Gd. Prince of Wales—Buyer? 10s, sellers lis. Rise and Shine—Buyers £1 4s, sellers £1 ss. Unity—Sellers 14s. Upper "Wair.ori —Sellers 12s 6d p, Victory—Sellers 4s. Sluicing. Roxburgh Amalgamated—Buyers 3s THE SCOTTISH CHIEF GOLB DREDGING COMPANY'S MACHINERY. Our Lawrence corrcsnondent writes:—At his sale roomß here on Friday, under instructions from the liquidator, Mr J. C. Arbuckle. offered by auction the dredging machinery and timber belonging to the Scottish Chief Gold Dredging Company. There was a good attendance o!

Aiiemone9, Ranunculus, and Lilies are three of the finest bulbous flowers. Nimmo aiS'Blair- are offering these Bulbs for plant.ing now,' at exceedingly low rates

gentlemen interested in mining, and the auctioneer started the sale by offering the kauri timber (about- 16,000 ft) at per 100 ft. Bidding started at os, and after good competition was secured by Mr R. Pilling, jun. (as agent for tho Nugen' Wood Dredging Company) at ■ 15s Gd per 100 superficial feet. The blueg'um was then offered, and fell to the bid of Mr H. 11. Leary (as agent for a dredging company). The machinery was sold in one lot, and was bought by Mr George Leslie (on behalf of a syndicate) for fSOO. It has lion been placed in the hands of Mi Wm. Adams for private sale.

MACCI-lARLTON DREDGING COMPANY. (From Our Own Correspondent.) GORE, March 7. The annual meeting of shareholders in the Maccliarlton Dredging Company was held in Gore last night. Dr Donald (chairman of directors) presided, and six othor shareholders were present. The annual report and balance sheet (already published) were taken as read and adopted on the motion of the chairman, seconded by M. Boiv'er. Messrs Collins aud- Wallis (the retiring, directors) were re-elected, aud the directors", fees for the ensuing year were fixed at £65. Mr E. Dewar waare-elected auditor at a fee of £5 ss, THE WEST COAST. (Frosi Our Owi* Correspondent.! GREYMOUTH, March 5. week closed with the share market dull. North Beaches were in demand at 25s Gd to 265, and for some unexplained reason Bignell's No Towns were inquired after from Dunedin, Christchurch, and Wellington. Coast folk are inquiring what does it mean. Much surprise is expressed at the determination to wind up Red Jacks. There is a general impression on the Coast that a complete funk has been established at Dunedin and Christchurch, and that in consequence shareholders there are prepared to sacrifice all their interests in order to get rid of further risks. Here the very opposite feeling is entertained, and new ventures are being entered into. So ifar as the Red. Jacks is concerned the property will be eagerly snapped up. The ground never had a fair trial, failure being the result of inefficient machinery, unforeseen misfortune, etc. Ihe North Beach dredge, although on the main run during the week, experienced a good (leal of trouble with the machinery, the actual working hours being 112 for 70oz. She will continue to work for a couple of weeks more, but her average for that term will not- possibly be so high as she will be oIT the lead. The dredge will then lay up to have a new screen put in, the old one being nearly worn out, and causing much trouble. _ Tho No Town dredge, which has been repairing and replacing parts of the machinery, is expected to get a start to-nlorrow. The Mahinapua dredge, recently purchased by Mr J. Tav'or, got a start on Thursday last. Since becoming owner Mr Taylor has spent about £700 in alterations. He states that the ground is now fairly well opened, and that he should have a good run this week. TV cost, of working should not be more than £35 per week, ans as the capital invested is only about £1500 the investment is reckoned to bo a good one. Tlio owner has been offered par for five or six shares, each share representing £100. The Pactolus No. 2 dredge got 420z sdwt for 135 hours, and the Mosquito 40oz for 127 hours. There are no new developments in cither claim. The Kohinoor dredge (jbtained 2Soz ior' 110 hours, and the Prince of Wales 17oz for 101 hours. Both machines worked badly, several breaks taking place. Tho Blackwater River dredge got S3oz 15dwt for 120 hours. The wash is improving a good deal, but timber is showing on the 4ace, and giving a.-good deal of trouble. Tho Shellback dredge obtained 19oz 2dwt for 120 hours. The ground is deepening, and the dredgemasfer believes ho is coming on a good run of go!2. The Aldincrn drfdge obtained QBoz 9dwt for 129 hours. She will be on solid ground next week which is expected to give better results. The Leviathan return is lOoz lGdwt. Tho machine was working-all week in pug, with little or no gravel. The Commissioner's Flat dredge only worked 30 hours during the week for soz 12dwt. Several Darts of the machine gave way, and tho financial prosnects are nee too good, although the ground will undoubtedly pay. The Greenstone Creek dredge obtained 18oj!. Bdwt, the Greenstone Three-mile dredge 290z, and the Junction Ooz Sdwt. The latter dredge has run into almost barren drift. NOTES FROM REEFTON. (Frosi Oun Own Correspondent.) REEFTON, March 7. The Alpine Company's mine manager reports:—We started to crosscut in No. 7to cut eastern track. We have extended it 10ft for the week. The contractors have extended the level 9ft, making the total distance GOft. The shaft contractors have sunk lift for the week, making a total distance of 53ft. March 8. A party has taken over the Buller dredgo on tribute for three months. Quartz mining generally is on the improve in the district. The Keeu-it-Dark Company has struck reef in tho low level, and it is said the atone will keep the battery going five years. Goocl stone has also been got' in the Industry mine. The manager of the Big River Company reports for the week:—The drive has been extended 9ft, with an average of Ift of stone. The west drive has also been, extended Oft on a good track, with a- little broken stone mixed un in it. The total distance driven on the reef is 112 ft Gin.. iHE PRICE OF LEAD. Press Association—By Telegraph—Copyright MELBOURNE, March 7. (Received March 7, at- 10.11 a.m.) In consequence of tho rise in the price of lead, there is a probability of the Broken Hill Junction mine restarting work.