MINING.

Otago Daily Times, Issue 13268, 27 April 1905, Page 9

MINING.

The.secretary of tho No Town Crook Company reports a return of GOoz for 134 hours' work last week.

The Eigncll's No Town dredgemaster reports' by wire a wash-up for a return of 40oz 14dv?t as tho result of 174 hours' work. Owing to tho holidays tho wash-up did not lake place till Tuesday. Tile 3ocretary of tho Olrig Comnany reports a return of IGoz 18dwt 4gr for 121 hours' work last week.

Tho Enfiold. dredgemaster reports having washed up for a return of lloz 2dwt 12gr for 133 hours' work. Ho also stated that there was a good deal of clay lo contend with. The ground varied in depth from 18ft to 20ft, tho whole of it being roek bottom. The Pnnt dredgemaster, writing under date 22nd inst., stated that ho was busy repairing all last week. He was engaged fixing tho engine, boiler, winoli, screen, and segment, also turning qlevator beaters and shifting head line, lie expected to have everything completed this week

Owing to being engaged effecting several necessary repairs lo the screen, the Alexandra Lead dredgemaster did not wash up last week.■Dredging was resumed 011 Monday at 5 p.m., when everything was running well again; Following. are the Golden Crescent Co. 3 returns since February -.-February, 350s 18dwt 4gr, March, 41oz 17dwl Bgr; April (tip to holidays), 540z 14dwt Igr. Mr S. E. Brent, secretary of the Last Chance Hydraulic Sluicing,! Elevating, and Dredging Company reports a return of 220z for nine days' sluicing. .

The Secretary of the Molvneux Hydraulic Company reports a wash-up for a return oi 260z for last woek.

The Riley's Beach Company's dredgemaster who was lust-week.instructed lo get a crew together and start _work as soon as possible, has unfortunately met with au accident, which though slight, will necessitate his laying up for a time. As a now dredgemaster will now have lo be procured, some delay in starting will be occasioned thereby. The Woinuumi dredgemaster, reporting under date 22nd April, stated that in the course of a few days the dredge, would have thoroughly opened out, when the roturns should further improve. Everything wag working well, and the dredge had a. good run for the week. f ino Vaikaia dredgemßuter, reporting under date 22nd April, statesi that owing to losing about 30 hours through accident to the screen he did not wash up.. Tho ground now being worked is the bottom end of the freehold, and he intends turning to into the flat tins week, where ho expects to meet' better ground. Tliero is now a considerable acreage of ground ahead ot the dredge. The present' face is about 95yds wide, and'tho depth of ground from 18ft to 20ft.

Mr B. Ttoborts, consulting engineer to the jncw Trafalgar Company, reports that the J-rafalgar dredge is now nearly completed, and should-bo working in a week or two, All the machinery is in position and the housing completed, while the'tables are also about finished. A purchase that is fraught with great possibilities to the mining population of Kumar* has been cfFcotcd by tho Consolidated Goldfields Company, .resulting in the acquisition of a vatuablo interest in auriterous land, with extensive wator priviliges. Things are exceedingly dull at Kumara just now, and something" .'lil:o tho ahovo is needed to .infuse new life into a decadent industry. Iho Rise and Shino No, 1 dredgemaster reports as follows for Inst week:—"Worked ahead Bft. Prospects were bote towards the west side of the cut, the bottom there oeing a soft, sandy clay, and the gold a very fine sample. Towards the east side the ground was vpfy deep, but the prospects were poor, though a good Ifaori'. wash was coming in on a soft, bottom." The No. 2 dredgemaster reports that v 'the distance worked ahead-,last week was 12ft, the cut 100 yds wideband depth of ground 42ft. The wash wa3 not so good in the west corner, and-the tailings in the east corncr are in" so fast that they had to bo left. The ground was very tight.' ~ During last week the Junction Electric No. 1 dredgo worked ahead a distance of 24ft." The width of the cut and of the,ground' were about tho same as in the previous week. Thejgrourid. in .places was vety. rough. Tho No. 2 tiredgeinaeter reports that prospects wcro fair'in the beginning of the; week, but . they fell oE during tlie last two days, and as ou Saturday the prospects being "obtained were poor, .it was divided to shift below the juiio' tion, a start being made on Monday nioming. The dredgemaster expected to get .down this week, but if iidt he intended trying .some ground-oil the Cornish Point-side of the river lower down than where tho dredge has.lately., been working until:, the. river riic3 sufficiently | to allow' the dredge to get down to tho desired , srot..,.Tho No. 3 dredgemaster reports.that j ,in getting into the bank ho had to; .ho-ld ,the dredge almost broadside on, and on that ' account a lot - of time, was lost. . The-: delays ;through. lliis '..icause. should, :;wheh.thc'dredge.gets.a littlo furthct into the j bank, -.v : - '

- Tho .distance worked ahead by the Eleotric No.-1 drodge lust week was 18ft, and the ■width of; the, cut 87ft, with the ground varying. in depth up-to iOft... The dredge had a very, broken runon "account of tho roughness of the giound, : . causing'. a number of stoppages, and repairs. Themats on Friday. and Saturday showed, an improvement, and tho lead' of tho gold was. making towards. ihe Bannockburii side. The j No," 2 j dredge worked .steadily last week np.till Wednesday at.midday, when the. buckets got 'completely off the tumbler and round ono of the hangers. Everything was put right again by Thursday night, ing resumed the following evening at 7 o'clock. The width of tho" cut worked was 70ft, and the'ground varied 'in depth from 27ft . to -10ft. Tkero was still,worked ground on.part'of tho cut.' The manager of .the Mount Bex Tin Alining Company, reporting for tho week ended April 16, stated that the stone in the No. 1 level, south slope, was - fairly, 'good, , but tho stopo has not been opened out sufficiently to judge .its value. Thero was no change-in the stono .in.'the-north'. stopo in the. No. 9 level, centre, stope". During the week 2-37 tens of etone was. crushed for 40 bags of tin. A progress report issued by the manager .of the . Mount Lyell Mining and : Railway Company for the week ended April 12, slated that the "A" stopo at the 100 ft level and tho Tasman stope at the 200 ft level were producing fair grade ore, as aJso were tho "B," No. 0, mam and extension slopes, at tho 300 ft level, and the main sto'pes at tho 400 ft and 500 ft levels. Tlio slopes in tho'. 50ft level, underground work, Lyell'Tharsis mine, were likewise producing fair, grade ore. The smelting plant \ No. 2 and the converter' plant at tho' reduotiou '"works were both in operation. During the current half year' 250 tons of blister copper havo been consigned. DUNEDIN STOCK EXCHANGE. ( Th 6 Stock Exohange reopened vestorday alter tho Eastor holidays, but the market displayed little or no animation, Tho heig*l of the river_ar.il the constant interrupted state of dredging are not, however, conditions which are couducivo to a hard market, bo that' it cculd hardly Ixj; expected to open very firmly. A fow days, should see an improvement, that is provided the river does not riso to a iurther )ovol._ Yesterday morning's height was sft 3in abovo the' normal mark at Alexandra, the same as on the previous day. Frosts are being experienced locally, and it is hoped that similar conditions have or will extend to the up-country districts. Alexandra Leads wero procurable yesterday at 5s Gd, and Alpine No. 2's at lis, but neithudrew inquiry. A request for Chicagos at'll3 Gd had response at 13s, wlnic for Diuislan Lends buyers were offering 8s Gd, with holders asking (Is Gd. A buyer of Electrics vra.s in evidence at 303, ..but holders were wide nt 355. Hessey's wer.e on offer at 21s Gd, bilt drew no inquiry, Mystery Eats being placed on the. market at JiOs, Nelsou Creeks'at 19s Gd, and New Alpino Consols at 14s 3d, 'with the samo result. A parcel of Otago shares changed hands at 30s, and at the closa thoro was further inquiry at 20s Gd, but it met with no response.- Pactolus shares were in request at 235, arid a holder disclosed himself at 30s lid. Sairdy Points had buying inquiry at 20a, a holder responding at 21s. A sale was made yesterday as follows-— Otago, 30s. ' ; The following aro yesterday's latest quotaxKons, subjcct to the usual brokerage - Alexandra Lead-Scilers 53 Od. Alpine No. 2—Sellers lis. Chicago—Buyers lis Gd, sellerj/ 13s, Dunstan Lead—Buyers 8s GciiSsellers 9s Gd. Electric—Buyers £1 10s,/sellers £1 15s. First Chance—Sellers 15s Gd. Golden Bed—Buyers <9, sellers 7s, liessey's—Sellers £1 Is Gd. ißlar.d Bio:!;—Buyer3 4s M, sellers Cs. Muddy Crock—Buyers .El ss. Mystery Plat—Saliers £1 10s. Nelson Creek—Sellers 19s Gd. New Alpine Consols—Sellers 14s 3d. No Town Creek—Buyers 183 Sd, sellers £1. Otago-Buyors £1 '9s Gd Pactolus—Buyers £1 9s, sellers £1 10s Gd New Perseverance—Buyers £1. Riley's Eeach—Sellers Gs Gd. 1 Sandy Point-Buyors £1, sailers £1 Is Waiinumu—Buyers 4s. Mining. Roxburgh Amalgamated—Sellers 3s 7'd Nokomai—Buyers £7, INVESTMENT STOCKS. National Bank—Buyers £5 ss. Bank of New Zealand—Buyers £0 12s, National Insurance—Buyers £1 0s Od. Westport Coal—Buyers £G Us. National Mortgage—Sellers £2 14s. Perpetual Trustees—Euycrs 16s 4.» d, sellers 17a 3d. Milburn Lime (50s paid)— Buyers £1 4s, sellers £1 5s Gd. New Zealand Drug (40s pp.ld)—Sellers £3 8?, New Zealand Portland £1 Is Ikl, ' ! New Zealand Refrigerating—Sellers 21 16s. Donaghy's Rope—Sellers £12 12s.

- NOTES PROM CROMWELL. > (PiIOJI Oce Owtf COnP.F.SPOSDKNT.) CROMWELL, April 2G. There was heavy rain at Qucenstown on Monday, which caused a sharp riso in tho KiWiirau River, but it has fallen fast, and is nearly down to low level again. It will liko'.y keep down for the winter now. Tho •weatheris now fine, with frosts at night. Both the Electric dredges aro on better ground now.

The Junction Electric No. 2 dredge is shifting down to work gTOund below tho junction of the two rivers. No. 3is having a good deal of trouble opening out into tho bank. The New Alpine Consols had to stop on account of the rise, hut should get started again on Sunday night.