MINING.

Otago Daily Times, Issue 13958, 18 July 1907, Page 9

MINING.

The height of the river Molyneux was 4ft 5m above- the normal mark at Alexandra yesterday morning. Frost bos set in The rnaejer of the Punl dredge reports .on the 13th mst.:-"-We had a, fair run this week getting over a considerable amount of ground. Prospects continue vory poor, the bottom being s.till extremely uneven, thero being no sign of wash making as yet I put the dredge on the outside of the cut to-day—that is, the river side. I am going to work a narrow cut up that side to Eee if there is any wash or gold on the bottom. If not, I will have to turn the dredge round and work straight into the freehold to pick up. the rising bottom. The dredge is still working from. 40ft to 45ft below water level." The Rise and Shine No. 1 dredge worked three and a-ha!f times across a- cut 250 ft in width, and ranging from 40ft to 48ft in depth. Prospects were unchanged, ami ti hard bnr continued to run half through uie cut but -the dreugemaster anticipated its early disappearance. No. 2 worked a cut of Wh, YRJBJig tow 36ft 42ft ji .depth,

The wnsh on the bottom was very fioht and fully 2ft deep, with good prospects throughout. Mr Edwaid Trythall (secretary of the New Plymouth Petroleum Company, Ltd.) reports the receipt of a tolegrsun yesterday from tho boring manager (Mr Bunger) staling l, e hai got his bore down GlOftj and that lio was going -through hard rock showing oil. The, master of the Electric No. 1 dredge reports, under date July 13:-" Dredging was starred on Thursday night (nth hurt.)? tt nd owing to a rise in the river on the 7th the Haddock was partly filled up." Prospects Rt time of writing wero moderate, tho pound being very rough, with o soft bottom. Ivorything in connection -with the dredge W L working well. The No. 2 dredge worked 119 bourn, dwdging nheod 16ft on & cut 115 ft wide, the greatest depth being 36ft Tho sample of gold obtained was rather finer than in tho previous week. bein» about half coarsD and half fine. The mats, ihoiHi scarcely so good as in the previous week were more uniform. There was no falling off in the ground, but owing to it being much rougher the dredge did not get *vcr so much as formerly. Prospects still continned eood, and if no change occurred tho dredgemaster expected tho current week's return.to bo slightly better than that of the previous week. ■ * High CommiasioiMr in London for the Canadian Dominion has received a cable stating that, owing to tho difficulty of security white labour for the mining camps in the Athn district of British Columbia. Japanese from Vancouver were hired at 4dol per day. Auriferous ore to tho value of f 13.910 were exported last year from New Zealand. Except 1 ion, the total quantity sent away (1166 tons) was stopped to ■ New South Wales. My-sK tons of other .minerals,- valued at £1074, were amongst >wt yew's eiports--1 e « 'J?, .Kingdom, 25 tons to New. South Wales, 4 tons to Tasmania, and 2 tons to Germany. Sixteen tons of manganese, exported ,to Victoria, was valued at secretory of the Maoriland Copper Company, whose mining operations are conducted at Aniseed Valley, in the Nelson district, states that tho 500 bags of copper-oro which the company sent for treatment to ' the Great Cobar smelter, New South Wales cave.on analysis of. 13 per cent, of copper' and is paid for a.t the rate of £100 }»r ton oi copper, or £13 per ton of ore. A further shipment of 500 bags (about 25 tons) was despatched from Wellington to Sydney by ■the s.s. MahoEo on the 14th ult. DUNEDIN STOCK EXCHANGE, Business on the Stock Exchange yesterday was. comparatively speaking, brisk. Central Charlton scrip changed hancb at 7s 3d,' two parcels of Etlrick stock found new owners at Is 6d, and Talisman Consolidateda were banded over «t 435. The price of Sailor's Bend stock continues to advance steadily, tho alight fall in the river being all in the dredge's favour. Sales.—Central Charlton, 7s Ettrick (two parcels),. Is Gd; Talisman Consolidated, 435. The following are yesterday's latest quotations, subject to tho usual brokerage:— Dredging Stocks. Alexandra Lead—Sellers 2s 3d. Bignell's No Town—Sellers 4s 3d. Central Charlton— 7s. . Charlton Creek—.Buyers 2a 6d. Chicago—Sellers 9s Cd. Electric—Sellers 20s. ' Enterprise— Buyers 3s, sellers ,4b Cd. Ettrick—Buyers. Is 3d, sellers .la Gel. First Cbnnce—Sellers 10s. Golden Bed—Sellers -Is 9d. Golden Gate—Seller's 255. Golden Bun (paid)—Sollers 9d Hartley and Eiley—Buyers 15s, sellers SMs. Lady Boxburgh (contrib.)—Buyers 63 6i sellers 7s Gd. * ■ Manuherikia—Sellers 24s Cd. Holyneux Kohinoor—.Buyers Is dd, sellers 2s 3d. New Pereevorance—Sellers 3s Gd. New Roxburgh Jubilee—Buyers 9s 6d. Kise and Shine—Buyers 15s 3d, sellers lGs. Rising Sun—Buyers 15s Bd, sellers 15s 9d. Sailor's Bend—Sellers 11s. Waiinurau Queen—Buyers Is, sellers 2s. Mining Stocks, < ■ Talisman Consolidated—Buyers 435, sellere 43s Gd. • ■■ . , Tairua Broken Hill—Buyers 4s 4Jd. sellers | is 9d. Hercules—Sellers 17s. Investment Stocks. Westport Coal—Sellers £1 15s.' Mosgiel 'Woollen—Buyers 525, sollers,sss. New Zealand Drug (% paid)— Buyers 60s. Donaghy's Rope—Buyers £5 Bs. D.I.C. (preference)— Sellers £1 3s 6d. . . ST BATHANS NOTES. (Prom Our Own Correspondent.) ST. BATHANS, July 16. The M. ana E. and Scandinavian Companies havo completed tneir wash-ups for the season. The formor company obtained 3400.z after a dreary and "protracted delay oi 12 months. Under ordinary with usual rainfalls, the some quantity of gold could have been won for three months' work. The" same annoyance , still prevails— | namely, the scarcity of water, which haa caused this company to close down its mine for a time. The latter companyj by wliat was to be learned, obtained 200oz from the boxes sot at tho bead of its tailrace, leaving tho tailrace for a future occasion. This' company, having r sufficient supply of water to carry on elevating operations, is still at work, sluicing something liko lOOtt balow tho surface level. "King Frost" may on any day or night take ft firm grip of tho workings, and stop all progress. Wβ experienced here a stiff gale from the north-west last Saturday night, which continued in force with spaife showers of rain uutil Sunday afternoon, when the wind sud3«rly chopped , round to the eoirth-weSt, suow beginning to fall, with tho change of wind, and continuing for a few honre, This morning (Monday) lin of snow covered the ground, with a hard froat. In the meantime-the wind had veered round to its old quarter, causing tie snow to drift over the summit of Mount St. Bathans. The weather here is very tantalising. We get every appearance of a good rainfall at times, then a change of wind takes place, and in the placo of rain we get an inoh or two of snow. Such IIR3 proved to be the case for the past nine months. The Dunstan Creek can now bo crossed dryfootcd, which is a most unusual thing'at this time of the year. We cannot sins with a good' ■will " Nil dc3peraudum." KISING SUN GOLD DREDGING COMPANY. The following report for tlio yftm ended June 30 will be presented to shareholders in the Rising Sun Gold Dredging Company at tho fifth annual meeting:— , " Tho dredge worked 42 weeks, earning l«2oz 17dirt giving an average of a fraction less than 350z Gdwt for evorv week worked. An agreement was entered into with the directors of tho Punt Gold Dredging Company allowing a cut to ■bo taken through our top boundary, one-half of tho gold won : to bs ktnded 'over to the Rising Sim Company. This .amounted to £281 and wns dulv Paul. The- cost of 18 new buckets, likewise of 200 pins; from Hsdfidd's. England, are included under the' heed of repairs. Tho high flood experienced in March necessitated the dreago being withdrawn from the river portion of the cut for three weeks, aiming aconsiderable, falling off. in the returns during that period. On Juno 22 the dredsc sprang n ferieus lonk, nnd only the untiring exertions of the dralgemaster. engineer, and M ew kept her afloat until the leak could be readied and stopped. We are pleased to state that tho dredge is now perfectly sound and in . rapital order. The retiring directors are . Jfofsrs Gilkison and Gair, who. being eligible . offer.themselves for re-election "