MINING.

Otago Daily Times, Issue 13998, 3 September 1907, Page 6

MINING.

* 1 As no .wire with reference to the height of - the Molyneux, which stands at the 3ft Bin . level, was. received on 'Change yesterday, .' i it is to bo presumed that the recent rain has not had' any material effect on th'e i liver. ' v 5 Tho rehirn from the Alexandra Load dredge '< for 137 hours .was 28oz 7dwt. ...... 1 Tho manager, of the. Roxburgh Amalgaf mated Mining and Sluicing Company (Ltd.)' 1 reports a-final wash-up for an additional return of 430z 6dwt, making a total return j Jor tbo month of 15Goz Sdwt. , Tb.e Nelson 'Creek dredge obtained 420z for 12(5 hours' work. Tho dredgemnster of the Rising Sun .dredge , reports-for '.tho week ending August 31:— ' Dredged 130 hours.. and worked' ahead 20it on a. cut 150 yds wide. The wash is getting . heavier on the eastern side, more large boulders a being met with. Tho total gold returns for August for tho - Auckland district amounted to £108,380 lis 3d, s tho Waihi Gold) Mining Company contiibutg ing £05,160 and the Talisman £19,500. Mr David Hepburn, dreßgemaster of the New First Chanco Company's dredge reports . t '° llis, ditectort as follows, under date 30th "It.:—^"l have received all yotir communications, and carefully noted tho contents, 9 but, I hin'o hardly had enough lime to reply to them in detail; my present anxiety is to ■; got your dredge started as soon as possible. I was disappointed at the crown wheel and pulley not_ coming to hand sooner, and had it not arrived last night it was my inten- » tion to put up the wheel that is on the > dredge. Alt that wo really needed was a 1} new bed plate and screen pullej. However, as they are now hero I will put them' up, but it will run away with time getting the ■wheel down the track to the Tivcr. In the meantime you may depend that everything will be done witli as much despatch as tho " surroundings wills permit." The secretary i advises us that tho bod plate reached Alexn andra on-Saturday morning, and dfedging will probably be started some time to-morrow. The secretary o! the Elcctric Company re--3 oeivwl by wire on Friday, 30th nlj., after 3 midday a requisition from the clrcdgcmaster of the No. 1 dredge (Lady Ranfurly) for a i, fl ew set of ext™ heavy hangers (being riveted L Up with angle iron), tho order being placed O with Messrs Sparrow and Sons, engineers, lt of this town, at 3 p.m., the hangers to be forged out o! the solid. By yesterday morning's 8 o'clock train the bangers, weighing q scwt. 3qrs 141b, were forwarded, and, ar- „ rnngeuients having been made by the sccrc- '° ' n ' :c delivery on arrival at Clyde, lt tho hangers would reach the. dredge the o same night, and so allow of dredging being » resumed early' ihis morning. [J As a result of 130 hours' worlt, the Muddy Creek dredge washed-up 'for 50oz "2dwt. The master of' the' Sailor's JSend dredge, in answer to ; the 1 directors' instructions with - reference to tho new ground being worked, wires that the prospects are good, the wash' is , improving, bottom is'soft, and-the ground r, is '-getting - deeper with a number of bi» stones. DUNEDIN STOCK EXCHANGE. There were n.6 sales on 'Change yesterday, •i"d the market remains practically unaltered. Tho following arc yesterday's latest quota- _ tions, subject to the usual brokerage: — .Drkdoiko Stocks. ; Klectricr-Scllers 17s 9d. 1 ' Enterprise'—Sellers 5s 6d. . Golden Bed—Buyers 4s Gd, sellers Gs. Hartley and Riley-Huycrs 15s Gd. ' Hcssey's—Buyers 2s Od. Manuherikia—Buyers 19s, sellers 20s. New Fourtccn-milo Beach—Buyers 8s dis. sellers 5s dis. ■Now Roxburgh Jubilee-Sellers 12s. • Rise and Shine—Sellers 21s. Rising Sun—Sellers 20s. Sailor's Bend—Sellers'7s. Mixiks Stocks. Talisman Consolidated—Sellers 43s Gd. Investment Stocks. National Bank—Buyers 108s Gd, sellers Ills. National Insurance—Buyers 26s 9d. National Mortgage—Buyers 625. ■*. N,Z. Drug (40s paid)— Buyers 50s 9d. AUCKLAND STOCK EXCHANGE. ISk (From Oup. Own' Cobrespondext.)' AUCKLAND, Septemlwr 2. a On tho. Stock Exchange to-day Talismans sold at 49s Gd to 49s 0(1, and Taima Broken Hills wero dealt in : at Gs Id, "Waihis were firm/ at fS 18s Gd, and Waiotahis at 9s 6d. In Crowns there were unsatisfied buyer? at 7s. W'.-uhi Extendeds had buyers offering 5sGd, but sellers were holding off. and in Grand Junction stocks buyers offered 40s, __ but sellers were asking 425. ® WELLINGTON STOCK EXCHANGE. (Fbom Our Ows Correspondent.) .I 1 WELLINGTON, September 2. Jl " Tho payment of tho 3s Gd dividend on Waihi en shares caused them to ease* slightly l to £S u ? 14s 6d (buyers), with sellers nskfng 2s more. C 1" Talismans wcr? quieter, sellers wanting 40s 6(1, < nd • NOTES I'UOM REEFTON. (Fp.oh Our Owx Cobresponden-t.) 1 i REEFTON; September 2. all Tho manager of the Keep-it-Dark mine od. for the past month;—"Stopiiig was ,{ S) carried on from tho branch level from No. 5 :in! oTer branch level from No. •' 6, inside block i,_ on No. 6 and No. 7 levels, and 1359 tons Ojy of quark was sent to the battery, and the - samo quantity crushed for ft yield of 2420z 7dwt from the battery and 120oz lldwt from cyanide; total, 3620z ISdwt. There is not any - ' Tliore as nothing ilint will 60 effectually rofrosli and bracc up the system, clcar tho ilu'ain, cleanse the complexion, and brighten the oyes as a do.se of Clianiborlain's Tablets. 'I'hoir/cffect. is to stimulato the tiowcls to perform their work in a natural and gentle , J!9 maimer, thus cJeansins the system, of all hip those l poisonous inciters that causo bilous?o3. ness find sick lieadaohe. For sale everyif J ivlier^

'alteration.in the qusility of the material from the branch level irom No/5 or from, the ( stopeaover .the .branch level Irom No. 6 beyond 'that reported in the-stopes over the inside block on No. G. Nos. 6 and 7 stopes cany fair gold, in the hanging wall splicc From the uprisk to So. 5. For a length of 35ft it. appears to lengthen as it goes upwards. Nos. 5, 4, .and 3 stopes 'are still on poor quality, stone.' A new- splice has' made in the 'ifootwall. of No. 2- gtope, which carries fair go'.d. The width is 4ft. I have stoped 'on it.for 15ft, and at present it is going fast away from the level into the footwall. In the slopes . over No.' 7 level the quality is fair at one end, but not so good as we get "towards the opposite ■ end. JNo. 7 level has been projected '42ft to intercept No. G b'ock: The course takes us. square aoross the strata. The face this morning showed stringers of.quartz and a little water.' I have .discontinued the cross-cut from No. G level towards 30ft winze for the present, as tho country pierced was not favourable for tho existence of the Jpde, and have started another cross-cut nearer to Milne's block, on a lode formation carrying 18 inches of broken quartz, heavily charged with pyrites, which 'on assay gives a fair percentage of gold." The manager of tho New Alpine in his .report stales No. 7 level had been, extended a distance of 127ft-. At water began io show in/the face more freely, and the reef is now showing in the level. It is carrying fino gold, bat there .is not sufficient stone in sight to ;form an estimate of the size of the lode or its value. The inc'inc wiiiie fall showing a rich leader has been extended north Gsft from the vertical winze, and is new beinj extended south to connect with tho level. Rich stone was met with in the south vertical winze in No. 12. There is no change in the nature of the reef. A crosscut has been put in in tho hanging wall a distance of 19ft, pissing through a big reef, which i 9 72ft in .width, hut'is of low grade. A cross-cut is also %eing put in the footwal!, ard it cut .the reef met with higher up. The rise irom the middle level ha 3 been extended to a point 54ft above the level to meet the'block going under foot: In No. 11 a solid body of stono'"is malting'its appearance in the face." The return for the. past week from the' New Feddersen dredge wis 19oz' gold ior 97. hours' dredging. _ The G75 shares unallotted in the New Big Hivei Company were auctioned by order of tho .directors on .Saturday, realising from 10s to 12s 3d.