MINING.

Otago Daily Times, Issue 14386, 2 December 1908, Page 6

MINING.

: Tho height of the river was 6ft Bin- abovo tho norma) mark at Alexandra yesterday, and the weather was mild.. ' The. following Mturns aire reported from tho Paterson's Freehold dredges:—No. 1, 15oz 10dwt.for:134-;hours; No. 2, 20oz for' 131 hours, The return from the Undaunted sluicing claim for the months of October and' November is 114oz, > Tho Mystery Flat dredge worked 'the centre and western sections of the cut last week. The wash in the former had improved a good "deal, but there'was no change in tho other section. Tho Mount Lyoll Mining and Railway, Company's progress report for the fortnight cndingiNovcmbor lti shows that 1150 tons of blister copper have been consigned for tho current half-year. ; Thc.duplieate' parts of machinery for tho Alexandra Lead dredge arrived on: tho claim'.'last .week, and on Monday a gang of inon were put on to carry out the necessary repairs, It is expected that the dredge will bo ready to start again in about 10 or 12 days' time..' The 6eorcta.ry of tho Nokomai Hydratjlio Sluioing Company reports that No. lihad a wash-up; the result being 2890z ldwt of gold. The managei expected to resumo sluicing off top material yesterday. The weather continues warm, and there is a consequent decrease of wateryall now being in tho raoe. No. 2 also is'getting short of water. They had a full weelc's sluicing, but tho dam was 10ft from being full, No, I 3.had a fuil week's sluicing,'.and the water is plentifully in the Lion raco. 1 .

The master of the Waikaia dredge, reporting for the week ended November 28, states that t-ierything is going satisfactorily with the repairs and tho renewals, and that the .heaviest portions of the work,, including a new top tumbler, screen path) and- a pivot shaft, casting, 'arc in place. During ,tho coming week the elevator rollers, bucket .furrows, and a now bottom-tumbler will bc\ put in, and the main ladder will be'reriveted. The «c,rcta.ry of the Big River Company reports that during tho month of November i'le battery crushed 350 tons from the.No, 9 stopes and 70 tons from Cosgrovo's block .slopes, making a, total of 420 tons, from which oOfoz lOcrwt of melted #>*<! was ob-„ tainecl._ The cy&nufo plant treated 250 tons' of tailing for a yield of 6Soz 14dwt of bul., lion. The total value ot (lie gold won dur': ing the mouth was £2585. DtINEDIN STOCK EXCHANGE. Sales: Wiiihi Grand Junction, £1 10s. / The following are yesterday's latest quotations, subject to the usual brokerage:— , Drudging Stocks. £, Alexandra Eureka—Buyers ss, 'sellers 4s Gil. ' ■ , ...'.■ Alexandra Lead—Sellers *s. . :'. .-:. Centra;! Charlton—Sellers 6s 9d. : '' : Charlton Creak—Buyer.? Is fxl,; sellers 4s. Electric—Buyers 3s, sellers'4s."; ' ' Hpldon- Bed—Sellers 9s 6d. Lady Roxburgh (contrib.)—Sellers 'ss. ' Mahulierikia—Buyers 10a 3d. ,■' Molyneux hydraulic—Buyers Is -6d. Muddy Crock—Buyers £1 16s. sellers £2 Vs. Mystery Flat-Buyers £1 10s, sellers £2'.Nolson Oreek—Buyers Is. New Roxburgh Jubilee—Sellers' 6s .6d. ". Pnctolus—Sellers 12s. Rising Sun-Sellers £1 14s. Sailor's Betid—Buyers Bs, sellers';l4s.- ' \ Mining Stocks. Big River-Buyers £1 15s, sellers £2 0a M. ■-; 'IVifiiiwn Consolidated—Buyers £2 2s 4£d; seller.* £2 2s 7id. ' '. •: .' Wailki (ex div.)— Sellers £8 17s. Waihi Grand Junction—Buyers £1 10s. 3d, sellers £l ils. Investment Stocks. . ; ,Bank of Now Zealand-Buyers £8 5s 6d,\ sellers £3 Vh 6d.

National,; Insurance—Buyers £1 -7s 3d, sellers .'£l.7s'9d.' '■ New Zealand Insurance—Buyers £3 10s. Standard Insurance-Buyers £1 2t 9d, sellers $1 3s 6d, ■;• Union. Steam Shin Company (ex div.)— Buyers'£ll3s 9d. JVcstport Coal Company-Sellers £7. ■ *ow Zealand Drug Company (£2J—Sellers SI. 9s 3d.

!■ WELLINGTON STOCK EXCHANGE. | (Faox Our Own Correspondent.) WELLINGTON, December 1. On 'Change to-day tho following sales vraro registered:-Leyland O'Brien Timber £1 3s and £112s 9d; Talisman Consolidated' £2 2s 3d j and Waihi, £0 15s 6d and £8 16s, TAIERI FALLS SLUICING! AND ELEO- ' TRIC POWER COMPANY. ' -The second annual general meeting of shareholders, in tho Taieri Falls Sluicing and Electric' Power Transmission Company was held on Friday. Thore wero nin'o shareholders present,. and Mr Thomas Wendimng (chairman of : directors) presided. ... . ■;'-',.. i'l.;.-.' . IV-. The following : annual report J was,, presented:— '.'■;. •'■''' lii presenting the second ''annual lialanoo-Bhoet,, jour j directors desire to say tnafvsinfo: the; last report thoy. called for tenders to 'supply the necessary fluming pipes, for the race,; and accepted 'that of Messrs A,, and T. Burt. . Thcso have nil been made and sent awa.v from ■ Dunedin; but unfortunately Messrs' Mason 'and Co., ! the contractors for the carriage of timber and the said pipes, were unable to finish | tho enrtag-e of same, from Outram to the claim befbro tho cold, wintry weather sot I'm; consequently operations by our men had to bo suspended for tho Inch of material: .The contractors, however, have recently .resumed carting the remainder of tho .plant,, and thoy anticipate, complet- ; ing (the, contract within six weeks. Your : directors Wdo it their business to visit the 'claims in the-Easter holidays, and they we, pleased to say that after', their inspec- , tio'n : ,''t.hey ;fqrmod' a very, high .'opinion 7 of : the" ■. ground' • belonging to "the ' company. Seyeral gullies running down to'tho claims 'wpre 1 pointed'but as having been worked! • arid ifrdni.which very rich returns of gold ■wero: got, but tho flat was,; too wot tocna.ble thorn to continuo operations. The coin'ipany's: water pressure ivill" easily " oveficome.tliat'difficulty,. finda,profita.bl'o future I'should--result from, the working, of'tho Claims.;'( Qnr manager. (Mr John; .Tyson) 'had atiiho intake completed a fine piece of -work by stretching a doublo.line of cable across'the'gully, to yhich ho had laid his pipes. j;' He; had • thus giver the. 'water .n slraight-Vun in(o, ; the pipes. /Ho had-also lajjl most ,of the'pipes that had been dolive'redvat the claim,'as well ;ns built up and; ; fluined in a'"very substantial manner .'on' tho' line of race, so that' heeded than the spbedy 'delivery;'.of/,tfie .remainder ,of the timber • rtb,'....'complete', the rbce'; and ohaljle .•sluicing operations 1,6.- commence," .TUo';-Balancej sheet. ;shoWed-.'.a capital .expenditure ' ifor ithe' year ending.' October 31 ainountihg/tb"'£sos.3s,2<V. ■.■■■:-■.■'/■ ,', ;' ; jCjhairiiria'ri, !ih.;moving thei. adoptipn of? tfie I ;;report :Jand,l»lance sheet,; stateil wdrm. spring, .weather''';had ,;80t:'..iri, : :the';contractbr's had. for. the' past •three "or'ifour weeks been, pushing,on the .cartihgi' ; lahd he -hoped : . it' would hot ; be kloitg.erpjthey had..alf; the,;material oh tho •grdund, .'so thftf the .fixing, up by'-. tird ! : men could;';bo 'started .and"sluicing commenced, Mr 1 Wills/asked 1 about the water rights and? thg; Government's I requirements -for irrigation.;purposes'. Explanations were giybn, and, the report and balance sheet wore adopted. / v . ! The retiring''directors,: Messrs John Fleming'and ißickrd Pojvley. wore reelected, and-Mr'Herbert E. Wilson was re-: appointed auditor. . '..' ,- \?i :;iffEST- COAST YIELDS. ;; '■•'■(PsoM Oua" Owk Correspondent.) . L .•'';■ , .; ;:GREYMOUTHi. December 1. i[. . Tho Big River mine manager reports a return of ,60+07. .WdwtV tons, and 68tiz 14dwt from 250 tons oyanided. The total ,w|.s 673cf,4dwt, valued at £2700. ; ; : Tho ' Keep-it-Dark * return was 2630z Mdwt. '■■;,?■'.■ .-.' - '■■■•■ ?■