MINING.

Otago Daily Times, Issue 13984, 17 August 1907, Page 12

MINING .

Tlie licigliti of the Mblyneux Bivfer yesterday morning was 3ft 4in above normal. This represents a drop of linen the previous level. Frosts ho still being experienced in' the locality. The master of the Sandy Point dredge reports, under date August lo: " We wore dredging up till Wednesday morning. On Thursday morning we started lifting the top tumbler. to enablo us to get liners under the plummer blocks, and put new brasses in {he top rollers of the screen, and dean the boiler out. On Saturday we built up the bridge and brick 'work around the blow-off pipe, ready to start on Sunday night." The Sailor's Bend dredge will not wash up tliis week as the dredge is in amongst a number of large bonlders. ■ ' The master of Ihe Koputai dredge advises that he has turned the machine. The master o! the Muddy Creek dredge, in win? his return, says:—"We had a short week; lipping buckets." Yesterday the Waiiaia Company declared a dividend of Is per share, payable on Tuesday, 20th inst., and placed £50 to the reserve fund, The total amount distributed in dividends is now 243 per show. The secretary of the Koputai Company reports ct return of 16ok 17dwt for 137 hours' work. The dredgemaster reports that lie has turned the dredge. In a letter to the Naseby paper, Mr John Ewing, a well-know mining man in Central Otago, gives somo valuable information relating to tho Keystone boring plant when in operation recently at Anderson's Flat, in tho Teviot district. The plant, he says, i 3 all that could be desired iu tho way of bringing up tho gold, for ho is satisfied it/ brings up every speck it encounters. "We went down as much as 23ft in one day, but the distance diminishes as the depth increases owing to the' longer journeys the tool for removing the brokenup material has to make." The terms lor the uso of the plant, which weighs about nine tons, were about £2. per day, that including the use of the plant and) the services of two men—tho 'man in charge and another who drives the engine, etc. In artesian well-sink-ing these two mon do all the work, but in "boring for gold another man is wanted to wa9h t.ho dirt. A fourth man is also required to draw water, as 3ft of water has to be kept in tho boro for the pump (the dirt removingtool) to work. "It bikes," adds Mr Ewing, " 137 ft of Gin bore to turn out one cubic yard of dirt, so that in the case of a seam Gft deep, to go Sdwt per cubic yard—a highly payable yield from such a seam worked on a large scale— 1 you would only hare to get • ono grain from it in passing with a 6in bore through its thickness." DREDGING RETURNS. Oz. dwt, gr, Master-ion, Waikaia, 137lirs . 125 13 11 New Roxburgh Jubilee, Roxburgh, ISi'liTs .. . .. .; 66 15 12 Waikaia, Waikaia, 136hrs .. 43 12 0 Kura, Waikain, 138hrs ... 43 4 0 Electric No. 2, Cromwell, 125hrs 42 9 0 Muddy Creek, Waikaia, 112 his .. 41 10 0 Hartley and Riley, 128hrs .. 40 0 0 , Mystery Plat, Waikaia, 13ohrs.. 37 2 0 Charlton Creek, nr Gore, week 30 14 0 ' Gold King, Roxburgh . 23 18 0 ! Central Charlton, Gore, 182hrs 25 9 0 • Matau, Clyde, week 23 12 0 Poreeveranoo No, 2. Alexandra, week . 20 1 0 Perseverance Mo, 1, Alexandra, 31 days 17 4 0 j Koputai, Waikaia, 137hrs . 16 17 0 ; DUNEDIN STOCK EXCHANGE. Sale: Enterprise, 4s 6d, The following are yesterday's latest quot-a----1 tions, subject to the usual brokerage:— ' Dbkdgikc Stocks. , Bignell's No Town—Buyers Is 6d. Chicago (ex div.J—Buyers 7s, sellers 10s. Electric—Buyers 17a -3d, sellers 10s 6d. r Enterprise—Buyers 4s 6d. First Chance—Buyers ito, sellers 5s 6d. Hartley and Riley—Buyers 15s, sellers £1. Masterton—Buyers £2 ss. ' Manuheriki*—Sellers £1 2s, ! ilatau—Sellers 4s. ' New Fourteen-mile Beach—Sellers Is (lis. ! New Roxburgh Jubilee—Buyers 10s 6d. > New Perseverance-*JSujera Ifl 93, ssllacs is Si

Rise and Shine—Buyers 18s 6d, sellers £1. Rising Sun—Sellera 19sSailofs Bend—Buyers 7a Dd, sellers 10s, Mihcjo Stocks. Talisman Consolidated—Buyers £2 6a, sellers £2 6s Od. Big River—Buyers 4s Od. Investment Stocks, National Bank—Buyers £5 ss, sellers £5 7s Gd. Standard Insurance—Buyors £1 Is 9d, sellers £1 2s Gd. ifosgiel Woollen—Buyers £2 14s, sellers £2 18s New Zealand Portland Cement—Buyers £1 15s Gd, sellers £1 16s. WELLINGTON STOCK EXCHANGE. (Fsou Ovb Owk Correspondent.) WELLINGTON, August IC. • At the Wellington Stock Exchange to-day tbero was a fairly animated market, sales being effected in Talismans at 453 9d and Waihis at £8 17s. Equitable Builolng Sooietys sold 'at £10 2s 6d, and Wellington Woollens at £2 17s Gd, Thero wore buyeis at the close for Talismans at 45s Gd and Waihis at £8 16s 6d, TCTth. sellers respectively at 46s and <E8 18s. Taranaki Petroleum scrip was offered at 14s Gd without attracting buyers. COPPER MIKING-. (Per United Phehs Association./ WOODVi IjTtV., August 16. There was much jubilation in Woodville this morning over the news that a big lode had been struck in the low level of the •Mttharaha.Ta copper mine, ifany years have passed since copper was first discovered in the ranges, and many thousands have been spent endeavouring to locato the lode. Indications are that the lodo is 30ft thick. It was struck at midnight on Wednesday.