MINING.

Otago Daily Times, Issue 12830, 26 November 1903, Page 9

MINING.

Tho secretary of the Three-milo;Groensto'ie Gold Dredging- Company received a telegram from the master yesterday stating that the dredge was refloated on Tuesday' night; the leak having, been temporarily fixed.'' Every-. thing was right. ' ■ The master of the Junction No. 2 dredgo reports'that the ground worked'last week was fairly easy, and that the prospects were fair. ■ The master of the Voltaic dredge, reports that he was steadily, pulling,up stream during; last week. On Thursday the dredge was pulled ahead 250 yards, and: on' Friday a further lOC yards. : The secretary of Peterson's Freehold 1 Gold Dredging Company reports tho following''rc-, turns for lost wcelt:—No. 1 dredge, '87°z amalgam, equal to 16oz sdwt l4grof gold; t No. 2 dredge, 320z of amalgam, equal' to lioz Iclwt Mgr of gold for 129 hours' work. •■' The New Roxburgh Jubileo dredge had a steady run last week, all tho machinery working well. The bucket lips.and; bushes require attending to, hut it is intended to repiiir taetn while the dredge is working. , "V Tho Island Block dredge resumed; operations i».»t Saturday morning, the now shaft having arrived at the claim on, tho previous day., A number of necessary, repairs were effected - while work was suspended, • and the dredge is now.in fairly good runhing order. She races on the sluicing claiUa suffered' somewhat during tho recent heavy, rains, and twe • ehifis were lost last week in repairipg she damage done. With this exception the e!cvi(tor has been tunning sieadily. • ' The Dunstan' Lead dredge resumed opera, lions last Friday, and everything has been working well since. A great quantity of drift has been running on tho outside of the cut, but this will urobably get easier as the rivet , goes down. If the river allows the dredge to v.-ork to advantage it is/ expected: that the ground will turn out fairly well. ■ The manager of tho No. 1: elevator of tile Nokomai Hydraulic Company reports that sluicing was finished on the 20th inst, and a , wash up of the well hole yielded 440z ldwt for two wecko' work. The remaining boxes weio tj be finished on the 23i[d ilist. Tho manager of the No. 2 elevator reports that hq-will 'not be able to finish the paddock; this'.week. .Ho ■lyis struck a heaiyseam of stones' overlying the blue wash. Slips, owing to the heavy rain, have given a good deal of trouble. ', L . ! The Cromwell Argus is informed on reliabl? authority that the price paid for the Meg and Annie dredge was fSQO. A few week's before the salo she was bought by Messrs Stephenson and Co. for £500. Tho half-yearly meeting of shareholders in the'Shotover Quartz Mining Company will be held on the evening of Monday, December 7. DUNEDINi STdCK EXCHANGE. In the present dull tone of tho Stock Exchange, even though a. slight fluctuation may be noticed in a few of,the sticks, there is nothing that leads to any business biing trinaacted.' In some cases a, few of the-stocks have been in constant, demand for some time, but sellers show no inclination, to respond to : the inquiry. The prices yesterday were practically the Ramo as the rates ruling during the , previous day, and during the calls only one " sale was effected. The river, although falling Blowly—the I)eight yesterday was lott iin above the normal mark,—still remains an effectual bar against a number of the dredges resuming operations. .. • . A parcel of Stafford Waimeas changed hands yesterday at 8s (xl, but thero was no further response from either buyers or seller's. Alpino No. 2 shares were again in demand, though Bignell's No Towns were quiet. Blacltwater Rivers wera steady, while Enternrises and Golden ( Ecd3 were in demand; Hartley and liileys were firm, and an inquiry was made for Inchdalcs and Inch Valley shares,,but sellers did not respond.' Mokoias showed a slightly hardening tendency, while' ,New Roxburrh Jubilees were in demand,'but a fairly, wide' / margin separated buyers and sellers. No Town Creeks and No Town No. 2 shares hardened to a slight extent, while an inquire was made for Oirigs, but sellers did not respond. A sale made yesterday at the following mice: Stafford-AValmea,'Bs Gd. _ The following are yesterday's latest quotations. subject to thc'usual brokerage:— . . Aldinga—Buyers 4s 6d, sellers 7s. " Alpine No. 2—Buyers 17s. Bign&ll's No Town—Sellers 18s Gd. Blackwater-River (con trib,)—Buyers 4s.' sellers 53 p. | . .' II 2s 3d; sellers il.3s. Golden Bun—Buyers £1 Is 9d, sellers £1 is, Golden United—Buyers ss, sellers G3-6d. • Gabriel—Sellers 10s, Happy Valley—Sellers ss. ■'• ■*> Hartley and Rilcy-Buyers £3 2s, -Beliefs £3 3s. '•■ "' ■' Hokitika Biver—Buyers 2s Gd. • ' - ! : Junction Electric—Sellers ss. Majestic—Sellers 7s 9d. . Mokoia (ord.)—Buyers 12s 6d. . ; • Now Halfway House—Sellers 6s. .. . '. . New Roxburgh Jubilee (contrib,)—Buyers 2s 6d p. : New Roxburgh Jubilee (paid)— Buyers fl. Is, sellers £1 6s, No Town Creek—Buyers fl 6s, sellers £lGs 9d. No Town No. 2—Buyers 7s 6d. .■ ' Olrig—Buyers 12s. v ' Paotolus—Seilefs la. ; Reeves's Proprietary—Buyers 7s 6d, ■ sellers 10s. ' INVESTMENT STOCKS. National Bank—Buyers f4 lis, sellers £4 llg 9d. ' ■. National Mortgage-Buyers £2 4s" 63;.. Perpetual Trustees—Buyers 14s 94. Donaghy'a Rope and Twine—Sellers £12 18s Gd. MOUNT REX TIN MINING COMPANY, BEN LOMOND, November, 14. > Mine No. I:Stoping at north end. Building log bulkhead at south end previous to fillint in. Intermediate:. Side stoping in fair stohe(* winze sunk 7ft—total 14ft. Rise put'lip 'total 19ft; 18ft;moro to No. 1 level mnllock: No. 2 Level: Side stoping in north, slope an?, taking up bottom; struck a patch ofivery ricl stone, size of which is yet undetermined, but is increasing up to date. No. 8 Level: liain' drive extended: 10ft, total irom shaft 38ft. Battery: 234 tons of stone for'GO bags'of tin. ; A BEAUTIFUL COMPLEXiON. . Apply Sulpholine: Lotion. It'.>,drweiv;way ' pimples,' blotches,' toughness, all disfigurements. Sulpbolino dewlops"'a' : lore!/ skin,. Is bottles., ifade in London.—Advt, "

WAIKAIA NOTES./ ; - - £Frw Ode Own. Correspondent.) , ..-. ..•••••■ November S3. ' % The recent, heavy floods here retarded dredg- . iflg. operations to a considerable extent, oonse-' quently thereturns were smaller last week than . was. expected. Hessey's return of 350z was -. obtained from, the north side of the cut, which wit? considered the poorest side. . During the' .week.-.the, wash, hitherto,of a light nature, - hardened; .and increased' in depth, with every indication 'of improving ahead.- Had the silt and tailings not hindered opera- ' ■ tiobs; a ratiim of 50oz or over would have been ■/■'obtained.' The.face now being dredged is 11 chains'in width, atad with the exception oi the j'.paH'wo'rkedby.theChraese, which liesmidway V acibss,'/gives' fair, prospects; 'The- claim is 'a . - lasting 'one; and will be a dividend-paying one ; ' right thrlpugb.• This.- week's return will, pro- . bably be.sinall-asithe face.is being straightened vup towards the south side,, which inchide3 the warked -ground, and which has to be dredged in order, to .Veep, the whole face open. The .wbtiied piirt. is narrowing in quickly, and probabiy"^iia'a 'tew weeks'.time the gold-bearing wash will; exlehfl right across the face. '..The liystery: Flat Company is working - ■ stendily.' 'ahead towards where the good pros- - p'ects 'were obtained, and better returns are , eipeeted-'iri a few weeks' time. ■: • 'Jhe i'airdown Company has so far not struck anythiiig- sensatioiial, but as the claim is ungdo'd one better returns may with certainty-lie looked forward to. In looking at the line."of tho gold lead as indicated by the operations .of tho Mystery Flat Company while dredgingon -the Fairdown Company's boundary one is impressed with the idea that tho ITair- ■ / doftn. dicdge is- working rather much towards , thowesterri side of its claim to strike the lead ' located.- However, as the company intends to widen out''towards the eastern side at- once the lead'mentioned above should be met with at an,' early (late. ■ TJhe Muddy Creek, Nugent Woodland Garrvowen Companies' dredges are working steadily on fair wash.. ' ; ; NOTES FROM CBpMWELi., ■ ' (FQOM Ora OWN Cokhespoxdent.) ~ ' CROMWELL, November 25. Toe weather is now fine after an exceptionally snap for over a week. The river is falling iast;'..' .Everything is still very quic-t in ike way of dredging;:" -.. ThO, prospects of the Ne.w Halfway, House dredge are. still poor, and I do not expect her to do much now till there is a favourable river to work the ground where she dropped back itoiii'.' . Th-s Rise and Shine dredge broke the p:3ton rod last night, aiid it will mean a delay for a few-dayr, I believe the dredge was on much tatter wash. -.The Sunshine and Revival dreagos are both ■ ' working', steadily opening out. ' ' .; ".NOTES FROM CLYilt. ' ; G?m6it Ova Om Coehhsposdssi 1 .) " x CLYDE, November 25.' -Thenver is falling only slowly. ' Mr M'Caw has been appointed engineer to the Loch ■ Lomond Dredging Company. Ths site of operations is on the Fraser River. . One of the Crowe dredges at Nevis, failing to / bottom,' has suspended operations for a time. .. :\v THE WEST-COAST. ■ ' ■ ;.(From Ode Ojivii Corbespondekt.) . GREYMOUTH, November 25. , The return from the Reeves's Proprietary illoz. .'The new dredge should ■ give 60oz.pef week from this ground.. Very little material is being shifted by the Nr.w Woodstock dredge. She is being put to , the utmost owing to the tight-wash. No washup took plaCo on. Saturday. . ' ~ The: Greenstone Three-mile Creek' dredge, . -which -sank, at Her moorings early on Monday nettling, was pumped dry and put above water '*. this-m'orningv So far as can be seen her hull . sustained : jio damage, and the cause of sinking .. . cannot bs accounted for. It is expected that ■ 1 dredging operations will be resumed in a day .' orsfwo.- ' The Commissioner's Flat dredge met with an ■ ■ accident, yesterday, the piwt shaft- of the main , ladder 1 .being broken. The drcdgemaster expects to: start again to-night. The return will . not be large, this week. ■■ The I'oss Day Dawn dredge washed up on lOoz. This dredge has been built up the creek some little distance from .Donnelly's Stream. When she started ' wgrk the.wash was much shallower than further down,, and it was found necessary to build a series: of dams to get the dredge into the main . ' stream: This has been the cause of some expense;.. The difficulty has now overcome, ■ ■ and alortnigni should see the company in full swing. ; - The crasliing of J147 Jons-of stone from the Alpine miie rcs'u'.'tcd in"s-15oz of retorted gold. ; The Stone; treated was generally considered poor; so that the return wa6 a pleasant surprise.;' V " ■ The weekly report of the Garden Gully Company ■ states, that the drive is now advanced 10ft from the starting point. This week a double' shift is to be started. Indications continue, favourable, and the reef is maintaining its si2s and; quality.

An -'Auckland telegram stales (bat the Old ... ./liailrhlc/ (rold Mining Company completed crushing 93 tons of oro and 1501b* 01 picked Btohi for 2900z ot gold, valued au £250.