MINING SUMMARY.

Otago Daily Times, Issue 13545, 19 March 1906, Page 2 (Supplement)

MINING SUMMARY.

Dredging returns from Otago and Southland dredges for the three-weekly period ended March 12 show an increase of lOOoz as compared with the preceding threeweekly period. Hydraulic sluicing and quartz-mining returns received from Otago companies, since the issue of last Summary show an increase, of 500075, a result which was largely contributed to by 83707. from the Blue Spur and tlabriel's Gully Consolidated l.old Mining Company. West. Const dredges, on "the other band, show a slight f-illmg-off in the three-weekly returns, but there is nothing to indicate that this is due <o anything beyond tho ordinary causes inseparable from tho carrying on of dredging opcrations—viz., opening cut new cut*, for repairs and renewals, etc. In estimating the returns of gold from Otago, Southland, and West Coast mining fields, it is necessary to remember that the returns of private syndicates are not included in the published list., and there is reason to believe that if these were added the published totals would be swelled considerably. In the dredging industry many of the machines formerly owned by companion which have gone info liquidation have become the property «>f private owners, who are using them with more, or loss success for gold-winning on private claims. Privato syndicates and persons have also had a. number of dredges built to order, and these are also winning regular returns, ot which no official record is obtainable. The relurns of private sluicing and hydraulieking parties are also unpublished, and. in view of this and the circumstances already alluded to. our summarised mining returns must lie accepted as incomplete. The Molyucux Iliver. from which the largest, gold-dredging returns are usually obtained, rose suddenly last week from the sft Bin mart at Alexandra to 7ft Sin, and, as is usual with such sudden alterations, a considerable quantity of silt has been.set in motion, and ij hampering dredging operations. Previous to the increase in tho quantity of water running the subsidence from the former flooding was of a regular character, and suc-li a.- to again raise hopes of an oarly winter dredging scasqn, ami it seemed as thoueh the period-when the Gorge machines would resume operations was within measurable distance. -These hopes have now vanished for the time being, but optimistic persons interested" in the industry still persist in prophesying that, in view of the excessive rainfall experienced during the summer, the winter is bound to be a mild one, with clear frosts and little rain and snowfalls. On the Stock Exchange there has ben little alteration in the buying and selling quotations of dredging shares. As was to be expected, there was a decided fall in Roxburgh Jubilee shares after the recent mishap to the dredge, but this stock has partially recovered its former

position owing to the salvage of a considerable portion of the machinery and the probable recovery of one or both pontoons and other machinery and gear. The Molynenx Kohinoor dredge, to which reference was made in last Summary, is at present being subjected to a thorough overhaul preparatory to recommencing operations, when expectant shareholders anticipate some further big returns. Several of the Alexandra, (iorge and Cromwell forgo dredges arc in readiness to' start dredging as soon as the river is in a favourable condition, and as thai lime approaolirs a movement will no doubt bo observable in the value's of these shares owing to Inquiry for investment or speculative purposes.^ Ajlviecs received from Auckland state that during February the Talisman Consolidated crushed and treated 3335 tons ore for bullion valued at £11.150. During the. four weeks ended February the Komata Reefs Company treated 1350 tons oro for bullion valued" at £2896. An Auckland telegram stales thnl the cold output from the "Auckland goldfields for the last- three weeks of February was £72,806.

The Nokomai Hydraulic Sluicing Company has acquired the race, plant, and other assets of the Lyon field Mining Company, the water license of which entitles the company to the first rights for 40 heads.

Our Keofton correspondent wires that all work at the Alpine mine has ceased, pending the adjourned meeting of shareholders', t" be held on the- 28th insf... to consider the question of going into voluntary liquidation. The gold exported from New Zealand for las* month totalled 32,7080z. valued at £130.633. The export of gold for the first two mo'.ilbs of ihe present year shows an incrw* of W)W„ valued nf £17.081,. over that of the corresponding months of last year.

Sluicing an'd Hydraulic Emjvatihb Rktukks. Oz. dwl. gr.

During the week ended Monday, February 2f', returns were reported from the following ■12 dredges, the total yield being 1189oss ldwt 10gr, or an average of 28oz per dredge:— Oz. dwt. gr. Molvnerix Kohinoor, Roxburgh, w'eei; .'. 1(K 8 9

Ettrick, Roxburgh. 136brs .. 21 16 9 Otago No. 1, Miller'B Flat, UOhrs ..' 21 0 0 Waikaka Queen, Waikaka, 126hrs 20 17 0 Alexandra Lead. Alexandra, 107lirs .. .. ' 20 10 0 Cairntrodlie, Poo'.bum, wk .. -20 o o Waikaka United No. 2, Waikaka, 21 days 19 12 0 Hessey's, Waikaia, 135lirs .. 19 12 0 Lady Roxburgh, Roxburgh, week 19 0 0 Garden Gully, Waikaka, 6 days 19 0 0 Molyneux Hydraulic, Alexandra. week t 18 10 0 Charlton Creek, near Gore, week 18 0 0 Revival, Clivtha River, 123hrs .. 17 IS 0 Golden Gate, Miller's Flat, week 10 1G 0 Lady innie, Waikaia, 125hrs .. 1G 13 0 Dmistan Lead, Alexandra, 5 days 15 15 0 Paterson's Freehold No. 2. Waikaka, week 15 10 0 Wakatipu, Shotover River ..' 15 8 0 Central Charlton, nr Gore, 137hrs 14 10 0 Oirig, Manuhcrikia, 126hrs .. 13 1 0 Waikaka, Waikaka, 132hrs .. 12 12 0 Monte Christo, Clyde, 3 days ~ 9 5 0 Total 1027 1G 18 Tire West Coast. Pactolus No. 2, ISSlirs .... 70 4 0 No Town Creek, 172hrs .... 47 0 9 Bignell's No Town, 124hr3 .. 33 14 0 Pactolus No. 1. 133hrs .. .. 32 1C 0 Blackwatcr River, 129hrs .. 31 4 0 Three-mile (Greenstone Creek), 112hrs 18 6 0 New Trafalgar. lOOhrs .... 15 9 0 •Tamiflson's Reward, week ~ 14 0 0 2Ne"son Creek, ]22hr3 ,„ ~ 12 0 9 Total .. 1027 16 18 COMPARATIVE DREDGING RETURNS. The following table shows the weekly returns reported from the Otngo and Southland fjedges for 19nG, together with Iho figures for the corresponding periods, of 1905, 191)4, and 1903. Pennyweights and grains are omitted in each instance: —

9,871 11.578 10,942 12,404 The following table shows the weekly returns reported from the West Coast dredges during 1900, together with the figures for the enrresnonding weekly period of 1905. and jOO* :—

DIVIDENDS. The following dividends have been declared since the issue of our last Summary:—Molyneux Hydraulic, Is; Muddy Creek, 2s; Paterson's Freehold, Is; ISaaterton, 4s; Blackwater River, Is; Waikaia, Is.

Bin* Spur and GibriM's Cully C.mittiiv •• 837 0 0 Ur.clamitMl (two month) .. 129 5 0 Island Hloi-k fci weeks) ., .. 41 5 0 Ol'ABTS! MINING. Barewood (-280 ton<0 48 18 0 DltEDMifG.

Golden Bed, Miller's Flat, nohrs 107 11 0 Rise and Shine, Upper Clutha, week H 3 0 Oiago Xo. 2, Miller's Flat, fortnight 51 0 0 Masterion, Waikaia, lSlhvs .. 45 36 0 Golden Run, Miller's Flat, lUhrs 45 fl 0 Waibka United Xo. 2, Waikaka, 121hrs .. .. 43 8 0 Waikaka United Xo. 1, Waikaka, l.lOhrs 41 13 0 Electric Xo. 1, Cromwell, 124hrs 41 10 0 Xew Perserraance Xo. 1, Alexandra. 128hrs 40 0 0 Xew Perseverance Xo. 2. Alexandra, week 35 15 0 Mov Creek. Waikaia, 1271ns.. 33 0 0 Waikau;, Waikaia. Iffllirn ., 32 2 0 Myslerv flat, Waikaia, lllhrs.. 28 13 0 Chicago, Alexandra, 130hrs .. 28 12 0 Enterprise, Alcxauctra. 1.18b ra .. 27 8 0 Golden Treasure, Miller's Flat, 135lirs 27 0 0 Paterson's Freehold No. 1, Waikaka, 132'nrs 25 0 0 Rise and Shine Xo. 2, Upner C'lntha. 107hrs .. 24 13 0 Molvnenx Hydraulic, Alexandra week ..' 24 2 0 Punt. Upper Clntlia, ISSiirs .. 23 15 0 Royal Waimumu, lir M'ataurn, 130hrs 23 8 0 Central Charlton, lir Gore, wk 22 9 0 Waikaka Queen, Waikaka. I29hrs 22 5 0 Monte Christo. above Clyde .. 22 5 0 Olago Xc. ]. Miller's Flat, 132hrs 21 0 0 Garden Pi>!lv. Waikaka, 5.'. days 20 12 0 ' Hcjscv's. Waikaia. 137hvs .. IS H 0 Alexandra Lead. Alexandra, SOhrs 1!) 12 (I Eliriek. Roxburgh, week .. 19 0 0 Waimumu Queen, near Matanra, ISohra 18 14 0 Ladvsmith. Roxburgh 17 0 0 Golden Gate, Miller's Flat, week 15 17 in Maloii. Clyde, week 15 13 0 Paterson's Freehold Xo. 2, Waikaka. week !fi 10 0 Charlton Creek, nr Gore, week 14 10 0 Waikaka, Waikaka, lSOhrs .. U 0 0 Hartley and Riley, Cromwell. 122hrs IS 0 0 Lady Annie. Waikaia, IQDlirs .. 12 11 0 Olrig. Manuherikia, lUhrs .. 10 13 0 F.leclric Xo. 2, Cromwell, week 8 7 0 Waimtimu, nr Mataura, 103hrs 7 0 0 Tolal .. 1189 1 10 The West Coast. Pactolus Xo. 2, 128hrs .... 75 B 0 BlackwaUr River, 120hrs .. 49 10 0 Pactolus Xo. 1, 128hrs .... 41 13 0 Biguell's Xo Town, 114hrs .. 23 8 0 .Tamieson's Jieward 19 0 fl Al, 1221ns 19 O 0 Xew Trafalgar, 120urs .... 17 0 0 Three-mil" Greenstone, 112hrs.. 14 0 0 Xelson Creek, lllhrs .. ..... 13 0 0 Total 271 10 I) During the week ended Monday, March 5, returns were reported from the following tl dredges, the. total yield being 1103oz Ifidwt, or an average Yield of 2Goz per dredge:— Oz. dwt. gr. Golden Bed, Miller's Flat, 131brs 110 3 0 Rising Sim, Up. Cluiha, week CO 15 0 Olago Xo. 2, Island Block, 132hrs 52 0 0 Rise and Shine Xo. 1, Upper Clutha. week 51 4 0 Ma=tertoit, Waikaia, 137brs .. 50 13 0 Waikaka United Xo. 1, Waikaka, 132hrs 50 6 0 j Enterprise. Alexandra, week .. 44 19 0 Golden Run, Miller's Flat, 120hrs 40 10 0 Electric Xo. 1, Cromwell, HHhrs 36 10 0 Muddy Creek. Wnikaia. lSihrs.. 30 2 0 Junction Electric Xo. 1,, Cromwell 2S 0 0 Chicago, Alexandra, 130hrs .. 27 0 0 Mystery Flat. Waikaia, 130hrs.. 25 15 0 Waikaia, Waikaia, 131hrs .. 25 9 0 Punt, Upper Clutha, 124hrs .. 25 7 0 Alexandra Lead. Alexandra, 112hrs ... 24 11 0 Waikaka Queen, Waikaka, I26hra 23 9 0 Xew Perseverance No. 2, Alexandra, week 23 0 0 Patcrson's Freehold. Waikaka, 130hrs 22 12 0 Junction Electric Xo. 3, Cromwell 22 13 0 Molvnenx Kohinoor, Roxburgh, 24hr» 22 0 0 Lady Roxburgh, Roxburgh, wk 21 12 0 Central Charlton, near Gore, 131hrs 21 0 0 Duiifltan Lead, Alexandra, week 20 10 0 Monte Christo, Clyde, week .. 20 8 0 Charlton Creek, nr Gore, week 18 14 0 Garden Gully, Waikaia, SJdays 17 5 0 Lady Annie, Waikaia, lSJhrs .. 17 0 0 Xew Perseverance No. 1, Alexandra, week 10 0 0 Ettrick, Roxburgh, lOShrs .. 15 10 0 Electric Xo. 2, Cromwell, week 15 6 0 Jfolyneux Hydraulic, Alexandra week 15 2 0 Otago Xo. 1. Miller's Flat, lftJhrs 15 0 0 Faterson's Freehold, Waikaka, 131brs 14 10 0 Hosscy's, Waikaia, 136hrs .. 13 6 0 Golden Treasure, Miller's Flat, 99brs 12 10 0 Hartley and Riley, Cromwell 1231ns 12 0 0 Olrig, Manuberikia, lUhrs .. 11 15 0 Waikaka, Waikaka, llGlirs .. 10 12 0 Matau, Clvde, 4J days .... 10 0 0 Golden Gate, Miller's Flat, 3dys 9 10 Total 1103 18 0. Tire West Coast. Pactolus Xo. 2, 122'nrs .... G9 1 0 Blackv.-ater River, 129llrs ... 59 8 0 Pactolus Xo. 1, UShrs .. .. 32 0 0 Bignell's Xo Town, 126hrs .. 22 11 0 Xo Town Creek, week .. .. 22 10 0 Three-mile (Greenstone Creek), lOObrs 17 8 0 Al, 121hrs 16 5 0 Xew Trafalgar, 115hrs .... 16 0 0 Xelson Creek, 119hrs 13 0 0 Total 2G8 3 0 During the week endod Monday, March 12, returns were reported from the following 38 dredges, the total yield being 1027oz lGdwt 18gr, or an average yield of 27oz per dredge:— Chi, dwt, jr. Golden Bed. Miller's Flat, 124hr3 85 13 0 Junction Electric Xo. 1, Cromwell 68 13 ■ 0 Rise and Shire Xo. 1, Up. Clutha, week* .. 52 1 0 Waikaka United Xo. 1, Waikaka, 122hrs 49 13 0 Electrio Xo. 1, Cromwell, 5 days 45 8 0 Golden Run, Miller's Flat, UGhrs 42 15 0 Rising Sun. Up. Clutha. 126hrs 40 0 0 Mystery Flat, Waikaia, 12Ghrs .. 37 6 0 Oi'sgo Xo. 2, Island Block, Mhrs 32 0 0 Waimumu Queen, near Mataura, lotto ...... 29 7 0 Golden Treasure, Miller's Flat, 139hrs .. 29 0 0 Muddy Creek, Waikaia, 119hrs .. 28 7 0 New Perseverance No. 2, Alexandra •• 23 0 0 Royal Waimumu, near Mataura, 178hrs 27 10 0 Enterprise, Alexandra. 4 days .. 26 8 IS Waikaia, Waikaia, 139his .. 25 11 0 PaterBon'B Freehold No. 1, Wai- . kaka, wet ,, .. . 25 « 9

I'M 1905 1904. 1903. 8 251 U 18:! 7 176 4 133 30 991 43 1103 41 S!M 38 310 3:1 1»37 52 1357 S3 12«2 60 1202 41 10% 61 1196 57 1390 53 J.11G 38 107-J 51 142(1 , r .3 2047 5!) 14GO 34 909 52 1425 111 2032 Gl 1G39 40 1179 51 13117 fid 2194 57 1481 42 US) 45 1211 07 2457 55 1357 41 1103 49 IKS Gl 2135 G3 142G 35 1027 C3 1303 51 1431 01 1415

13(10. 1905. 1904. 2 08 16 0 2 23 4 0 13 . n ,7;l 2 0 S 251 18 0 13 40S- 3 0 M 396 1 0 8 573 IS 0 12 319 17 12 17 507 8 0 8 HI 15 0 17 472 3 0 24 792 10 0 7 232 10 0 18 412 6 0 23 604 S) 2 8 283 2 9 20 510 3 0 21 730 3 G 10 305 G 0 15 4G1 8 0 22 615 12 0 9 271 16 0 15 47S 15 0 26 769 8 0 9 2GS 3 0 14 507 15 0 21 510 10 0 9 273 18 0 13 359 3 0 23 700 14 12 2,784 2 9 3.952 17 12 6,132 3 20