MINING.

Otago Daily Times, Issue 12737, 10 August 1903, Page 6

MINING.

. ~, The secretary of tho Earnscleugh Gold Dredging Company reports a return of'SOoz Cdvrt for 131 hours' work from-the No. 2 dredge. The-master of the No. 1 dredge wired that operations were resumed,on Thursday night. The secretary of the No Town Creek Gold Dredging Company reports a. return of 7Goz for 12) hours' work. The master stated that everything.was running well. The directors have declared a. dividend (the tenth) of Is per share, payable on the 11th inst. The sum of iilOO had, been added to the reserve fund. Tho secretary of the Sailor's Bend dredge reports a return of 4Soz for seven days' work. The mastor stated that a- thftw h»d set in. 'She secretary of the Davis's Bend Gold Dredging Company reports a return of 350z for 145 hours' work from the No; ?, dredge. The master stated that the prospects were good. : Tho secretary of the Rise and Shine Gold Dredging Company reports a return of 270z ldwt for 118 hours' work. The master stated that the indications pointed to an early im-' provement in the wash. The machinery was running well. . ... The secretary of Ilia ■ Golden. Gate Gold Dredging Company reports a return of 19oz 4dwt for the week's work. The roaster stated that the river was steady. , " • The master of tho Muddy Creek dredge reports a roturn of lloz for two days' work. Operations wero suspended on Monday for a week to effect some repairs, tho dredge having run continuously since the New Year without a breakdown, I'he secretary of the' Gabriel Gold Dredging Company, reports a return of 10oz 3dwf for about three days' work. The master, who reported that everything was working well,.intended to dredge out the dam on Saturday, after which he would have tho whole face cleat again. ■ .The secretary of the New Alpine Coneols Gold Dredging Company reports that.there was,no wash-up last week. The master of the Golden Treasure dredgo reports that there was no wash-up last week, Tho master of the Chicago "dredge wired on Saturday that operations would probably.be resumed to-morrow. ' '•'.•■■ The_ secretary o? th'e Monte Christo Gold Dredging Company has received information to the effect that the.work of extending the ladder had been completed, and that operations wero resumed on-Saturday morning. The .master of the Greenstone dredge reports that he wiU'complete the repairs and resume operations about the middle of the week. ■ ■'■ '. -.- The secretary of the Peotoln6-Gold Dredging Company reports that there-was no return from either of tho dredges last week, as both were undergoing repairs. ■ ■• • ".■•''•■ Tho -master, of the Clyde, dredge wired on Saturday that there was no wash-up last.week.

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The dredgo had been working through tailings, and the bottom has been poor. The prospects improved at daylight on Saturday morning. The New Halfway House dredge, suspended operations on Friday owing to an accident to the second 1 motion driving shn-ft. To get over the. difficnlty a new sheft will ba despatched as soon as possible. The secretary of (ho Mystery Flat Go'.d Dredging Company reports receipt of advice, from tho master stating that there- was no washtip last week as the drodgo was abreast ol the point of a spur where the ground had' all been scoured out. Everything was working well. Tho master of tho Aldinga., dredge, reports having resumed active operations on Thursday, July 30, since which time everything has been running smoothly and woll. About GO hours ire-re occupied in denning out the paddock, in which a good deal of-silt had lodged since tho flood after the dredge was stopped. The master thinks that a good vim can now bo relied upon, as everything excopt 12 buckets is in good order. ~ , Tho ground improved on the cast side of the face where tho Blackwater River dredge was working during the week ended August 1, and it was goodi right into tho centre of the face. Tho wash, was free, and the bottom inclined to dip a little. Work was carried on on the west side of tho fact last week, and tie. ground slightly improved, The return for last week was 630z, Tho secretary of the Deep Stream Amalgamated Hydraulic Sluicing Company ,reports having received advice- from the manager rf the claim, dated August 6, that the frost was still very severe, and that he did not expect to be able to resume work a<t the claim till the middle of tho current month unless , an unexpected thaw sets in. The snow wa-3 still lying on the lower ground, and there had been no thaw whatever oven on the lower section of the race. In the meantime all the hands have been discharged pending the resumption of sluicing. A rumour was current in mining circles on Saturday that the Hartley and Biley Compamy'a dredgem&stcr had washed up on Saturday for one day's work, and that the return was soinewhero about 20Coz. On making inquiry wo learn from the secretary and directors that they have no official 'intimation of such a return. Our Cromwell correspondent in his telegram states that the dredge is still in rich wash, and that a wash-up took place., Whether the return is as large as is currently rumoured is, however, a, matter about which no definite information is available. The New. Zealand Mines Record says:—"A gentleman who has for some years been carry-' ing on geological researches in the southern portion of the Middle Island lately communicated with the department, nnd sent a sketch plan of an area where he considers tho auriferous loeks' would pay if worked by berdans, arastros, or pug mills, ore which he had assayed going iJrom 3s to 9s per ton, and the belt of auriferou3 country being 20 miles in length by two '1111163 in width. He state that the bed rook is in most places auriferous, and in his opinion its erosion and disintegration: has supplied, tbe drifts with gold. As Ire had spent some time- and money over this work he thought it only fair that ho should gel aome remuKera.tion or bonue from a department that is so liberal in siding prospecting for minerals." Tho •writer has been informed that there is not sufficient in his communication and accompanying sketch to warrant his being enumerated by the Government for geological researches. THE WEEK'S DREDGING RETURNS. During the week ended Saturday, August 8, returns wore reported from the following dredges:--Oz. dwt. jr. Hartley and Riley, Cromwell, 136hrs 558 0 0 Manuherikia, Alexandra, 142hrs 244 4 0 Cromwell No. 2, Cromwell, 13Ghrs 102 G 0 Electric No. 2, Cromwell, 5 days 88 5 0 Earnscleugh No. 2, Alexandra, lSlhrs '. .... 80 C 0 Alpine No. 2, Cromwell, 19-ihrs 72 1 10 Dunstan Lead, Alexandra, wk .. CI 0 0 New Roxburgh Jubilee, Roxburgh, 138hrs : 55 12 0 Waiinumu Queen, near Mataura, 180hrs .. . 53 G 0 Sailor's Bend; bolo'w 'Alexandra, ' '■ 7 days . .. .. ~ ~ ~ 40 0 0 Sneddon's Freehold, Waikaka .. 40 0 0 Enterprise No.- 2, Alexandra, wk 45 10 0 Electric No. 1, Cromwell, 5J days 43 0 0 Golden Run, Miller's Flat, 13?hrs '.. ' 41 0 0 Enterpnso No. i, Alexandra, wk 40 5 0 Central Charlton, nr Gore, lC9hrs 40 2 0 Hessey's, Waikaia, 120hrs .. .. 33 13 0 Molyncux Kohinoor, Roxburgh, 8 ■ days 33 iu o Junction Electric .No.. J, Crom- '.' well, lUhrs '.>... 88 30 Wnikaka Cjuesn, Waikaka, 159hrs 05 3 0 Davis's Bend No. % above-Clyde, 145hrs , ', ■no 0 Otago No. 2, Island Block, ■ 1331 ms •-.. ~ .. 31 0 0 Upper WoiporijW.sipori, MOhrs 28" 0 0' Waikaka Syndicate, Waikaka'.. .28 0 0 Matau, Clyde, iO-days- ». ..28 0 0 Charlton Creek, nr Gore, fortnight 28 0 0 Riley's Bejwb, Cromwell, wk .. 27 10 0 Rise and Shine, Upper Olutha, 118hrs ;.' ; . "7 1 o Junction Electrio No. 2, Cromwell ..27 0 "0 Majestic, Miller's Flat .. ~ 20 U 0 New Paul's Beach, Beaumont, . week 26 i2 0 Unity, CJyde, 5 days 25 0 0 Inch -Valley, nr Pataierston, 134hr3 20 G 0 Golden Gate, Miller's Plat, week 19 i 0 MacChailton, nr Gore, 130hrs .. 18 0 0 Lady Roxburgh, Roxburgh, wk 17 7 0 Central Mataura, nr Sore, 127hrs 16 13 0 ilnohdale, nr Palmerston, 138hrs '15 15 ' 0 Golden Bed, Miller's Plat, 105hrs 10 11 0 Boyal Waimumu, near Mfctaura, 130hra .. 14 10 0 Otago No. 1, Miller's Kat ... 14 0 0 Ettrick, Roxburgh; 127hrs\, .. 13 0 0' Island Block, Beaumont, lUhrs 12 i 0 Speo Gully, hi llataura, 127hrs 11 15 0 Muddy Creek, Waikaia, 2 days .. 11 0 0 Gabriel, Tuapoka Flat, 8 days .. 10 3 G Lower Enficld, Waipori,' wk ..10 0 • 0 Grand Junction No. 1, Nevis River, 80hrs 9 0 0 Waimumu Extended, nr Mataura, 71hrs V 12 • 0 Olrig, Manuherikia, 130hrs .. 7 11 0 Globe, Waikaka, ISShia .. ..7 i 0 Afolyneux Hydraulic, Alexandra, . | 135hrs. " ... - M .;. .5 15 - „ Total .. .. .. ~ ~ ~ 9M 7 1C The West Coast. No Town Creek, 123hrs „ ' . 7G 0 0 Blackwater River, week ~ .. 63 0 0 Moscuito, llohrs .... . Iβ 0 0 TotaraFlat .. .. .. ... , 33 11 0 Bullcr Junction, 70hr« „., » 51 0 0 Kohinoor, HOhrs 39 0 0 Golden United, lOOhrs <„ .. 17 0 0 Mokoia- .. ..' ... ifi 7 0' Brickson's Rewara, 200hrs 10 8 0 Leviathan, week „ .. .. ' -j 0 0 Total ~ „ : „ ; ,,-.,, ~.'285 12 0 DUNEDIN STOcFeXCHANGE. Tlie extensive business that was transacted on tho Stock Exchango during Jast week was not materially increased by Saturday's call, at which the sales were confined to two stocks. Alpine No. 2 shares were again prominent, and two sales were mads at 19a 6di and 19s 9d, and thero were further buyers at 19s, with sellers at £1. A parcel of Junction Electrics changed hands at Gs Gd, and buyers offered 6s 7Ad fox another supply, but seliers closed at 7s. Blackwater Rivers hardened perceptibly, but in First Chances sellers were inclined to incot buyers. _ The glamour of the last splendid return still influences tho price of Hartley and Ri'.eys, and on Saturday the shares showed a further hardening tendency, though a, fairly wide margin separated buyers and seller's. Manulieriluas were steady, as were also New Roxburgh Jubilees. Reeves's Proprietary weio quiet, but Rise and Shines were again in demand. Last week's returns wore very satisfactory, the aggregate being almost a record for the present year. If the conditions for working continue favourable no doubt better returns would bo obtained during the next few nionthe, but it is just possible that the river may have risen on Saturday in consequence of the sudden thaw in tho interior, whero the snow was melting rapidly, Sales were made on Saturday at the following prices:—Alpine No. 2, 19s Cd and 19s 0d; Junction Electric, Gs Cd, . Tho following are Saturday's latest quotations, subject to tho usual brokerage: — Alpine No. 2—Buyers 19s sellers £1. Bignell's No Town—Buyers 103 Gd, sellers Us. Blackwater River (contributing)— Buyers 13 fid, sellers 9d dis. Central Charlton—Sellers 123 60. Chicago—Buyers ss. Cromwell—Sellers £2 17s Gd. Dunsta-n Lead—Buyers 12s Bd. Electric—Buyers £1 se. . Enterprise—Scllors £1 Bs. Ettrick-Sellers 7s. First Chanoe—Buyers 13s, sellers 14s" 6d. Fourteen-mile Beach—Sellers 3s. Golden United-Sellers 7e. Grand Junction—Buyers Is 3d, sellers 2s. Hartley and Riley—Buyers £3 13s, sellers £3 17s 6d. Inchdalc—Buyers 4s 4Jd, tellers ss. Inch Valley—Buyers Bs, sellers 5s Gd. Junotion'Electric—Buyers Gs 7Jd, eellers Vs, Lady Roxburgh (contributing)— Sellers 4s dis. Msnuberikia-Buyers £1 11s 63, sellers £112s 9d. .. Monte phristo—Buyers 4s, sellers 5s 3d. Mosquito—Sellers £1 3s. Now Alpine Console—Sellers 14s 6d. New Golden Gravel—Bayors 2s 6d, sellers 'Is, Now Halfway House—Biyers 10a 9d, sellers 11s Gd. New Roxburgh Jubilee—Buyers 19s 6d, sellers £1. No Town Creek-Sellers £163 6d. So Town No. 2—Buyers So, sellers lOa. Perseverance-Sollere £1 ]2s. Prince Arthur—Buyers Gs, sellers Gs 6d, Prince of Wales—Sellers 12s. Kile/s Beach-Sellers 19s. Kise and Shine—Buyers £115s 6d, sellers £1 17s Gd. ; Trafalgar—Buyers 9d, sellers Is 6d. Upper Wftipcri (contributdng)-Sollers 7s Gd

I'RINCE ARTHUE GOLD DREDGING Thi) nmter of tin Prince Arthur dredge wired ou Saturday that lie anticipated no difficulty in raising tho dredge, but it would bo nccsssaiy to have tho assistance of (livers to do it. The climatic conditions since the dredgeuiaoter wns in Dunedin.at the annual meeting of the company have been of almost unprecedented severity, and in consequence the work ol refloating, tlie dredgc'lias bsen considerably more expensive, than would liavo been, tho caso if the weather had been favourable. This, to3c.thsr.wilh tho fact'tint some of.tiie claims of tho creditors are pressing, may necessitate the making of financial arrangements ponding tho resumption, of operations. Any such arrangements will, however,' bo in the direction of fully conserving the interests of all creditors and also those ol the shareholders. Tho directors wish to imyre'ss upon shareholders the sdvisablencss of not parting with, their rimes until they are taken into the .full confidence- of tho directors, which will be within the next dtvy or two. DREDGEMASIEis'~CERIIFICATES. Tho following- candidates Imvo successfully passed their examinations for dredgemaster'a certificates:—Francis AVoodhouse, Cromwell; I). 0. Hepburn, Alexandra; J. B. Kooncy, Roxburgh; William Linnoy, Island BlocTc; William Bringans, Alexandra; -Robert Borthwiek,-Alex-andra; William Hane, Cromwell; AV. Poppolwell, Alexandra; Matthew Hariiwick, Boxbitrgh; James Wathew, Miller's Flat; H. B. Murray, Cromwell; C. B. Curno, Alexandra; John Paterson, Alexandra; : Jame3 E. Cairoll, Alexandra; John Watt, Roxburgh; James Sawle, Cromwell; J. p. Bay, Bannocltburn; John M'Lean, Roxburgh; D. D. Elder, Roxburgh; William Orr, Cromwell; Georgo Wilson, Mursden; T. E. K. French, Thice-ohannel Flat; L. H. Morel, Immgahuiv Junction; E. H. Wav Eon, of- Colliugwoco , , Nelson (lato of Clyde), also passed the examination.

NOTES FROM CROMWELL. (Fhom Our Own Correspondent,)

. CROMWELL, August 8. Tho weather is nr.lder, with a decided thaw, and indications of rain at the lakes. Ido not expect a big rise in the river yet. The Riley's Beach Company's prospects are much bettor, and I think the dredge will have, a good -return next week if tho river keeps down. Tho. Hartley and Bilcy dredge is still on wonderful gold, and washed up for ono day'snin this morning. The ground is not deep, and it will take a good rise before the dredge is forced to ,etop. I believe the present prospects ate equal to anything the dredge has ever had. ihe prospects are much better on both the Electric Junction claims, and tho dredges will likely do well now. The Eiso and Shine dredge is on very deep, rough ground at present, and: prospects are not bua-cts ero ' ind ,is very kld on tho THE WEST COAST. (Fsom Our Own ' Correspondent.) Q-RSYMOUTH, August 9. llie JJlackwatcr district continues to find favour with dredging investors. . The return from the Blackwater River drodgo of 530z for the week had the effect on Saturday o! raisin" tho .price. Tlie position where tho gold waa obtained not being thought so good, the return therefore- proves the lead to bo broader and tetter than was anticipated.. The faco is eight duuns wide, and is estimated to average, rich and poor, at. «oz per week. Tlie No Town dredgo got 70oz. The rumour circuited t that the ground i 3 about worked out tho machine being near the top end of the olaim, has no foundation.; in:fact, there is right straight, ahead of tho dredge, without .turning back, work for 12 months more in wash that, so far as can be estimated, will give over 70oz per week, , Work in connection with Bigliell's No Town is being pushed forward, and tho dredge should start .about tho end of September. •Jt¥ Maori Kins drecl S e has closed down. While regret 13 expressed, it is felt that the present machine is inadequate far tho work The dredgomaster, (Mr. Cpwan).. takes: chargo of the Greenstone Creek c!redgo to-morrow.' Ilio Greenstone Junction dredgo got about 7oz. ; Tho ground continues very poor. Prospecting ahead is to be pushed on with. The Pactolns Company's two dredges and tho North Beach dredjro were repairing duiin" the week. Tho Grey River dredge is doing fairly well and got about 220z last week. Tho Shellback dredge gpt a start again on Monday. ■ ■;' • . Tho Totara Kat dredge oblnined;23oj lldwt: The wash is nice aiid easy, varying from 23ft to 30ft deep, and ontiroly clear "of timber. Slightly improved returns are pretty certain for months to come. The Leviathan diedge obtained 802 for the week. '■< The Kohiuoor dredgo obtained 19oz for 110 hours, . ■'.■■•,: The Rosa Day Dawn dredge is 'approaching completion. ' , : ' ;'' :-■,;• The Mosquito No, 2 dredgo got 40oz for 115 hours' opening-up. .'THE AYLMER LEAD- GOLD DREDGING ' . ' COMPANY. ..■ .' TO TnE EDITOB. ' Sip.,—lf "Impatient" is a shareholder, and will kindly write or call at my office, I shall;' bo happy to give him the fullest information.— I am, etc., 1' ~ Sidnev. Ti Mimas, Liquidator. ' Dunedin, August S. ' .

DAVIS'S BEND GOLD DREDGING COMPANY. TO THE EDIXOB. Sin,—lt is gratifying to shareholders to learn that the- !No. 2 machine has struck payable wash. Being well acquainted with the No. 2 olaim, I should say that, providing the river keeps at a tolerably low level, the company may reasonably expect good returns from the No 2.' But what'about this No. 1 dredgo? Is she too lα.? from civilisation to allow of a weekly report being published? If the No, 2 dredgo is going to repeat ■ her porfornmce of het week it surely seems a pity to let the profits go to pay the expenses, of No. 1. Perhaps after oil the No. 1. is already shut down! or maybe her prospects are good! or perhaps she cannot bottom!' A weekly report should certainly bo published as to lira doings of both dredges, thus obviating, (lie necessity of writing to or interviewing tho secretary.—l am, etc., • ''■'•- '■ CoNTiuiiOTiHO Shareholder. Dunedin, August 8, ■ ~ ■ • , ■ THE GREAT CENTRAL GOLD DREDGING COMPANY. ; TO TITO EDITOR.. ~.,.'.,.■ Sir,—Nobody seems to know and nobody seems to care what is to'becotno.of tire abovenamed company's claim. The Eureka Company's dredge;was going to help.us out of.our difficulties) arid, indeed, it was freely rumoured iu mining circles that the dredge, when working 011 our claim, had struck rich wash. Ou the top of (this report we are told there is no return,, a.n(t that the Eureka, Compjiny ; haa abandoned' the claim. A few duys ago I heard that the Great Central directors hod, determined to liiro tho Central Electric Dredge to work the claim. If- any arrangement ie really going to bo mado for' working tho olaim this winter, tho sooner operations are commenced tho better. It will be a great pity if the'shareholders, who havo held ths.cliun for so long, ollow n. valuable property to slip through their fingers, and, if' it is not po»iblo to liiro ft dredge, I would suggest that additional capital be subscribed to purohase a, machine, possibly at a vory small cost.—l sun, «lc., , Dunedin, August 8. • Shaeeholke?..