MINING.

Otago Daily Times, Issue 14776, 8 March 1910, Page 6

MINING.

—,: ' . '■<:>• —. . The Nei" Trafalgar dredge last week ob taiiied l6oi 13dwt for 125 nours' work. The return from the Worksop dredge last week was 38oz ldwt for US hours work. In' reporting., a return of 4J02 for 105 hours' work, tho master of tne Chicago dredge says:—"Owing to the poorness of the.ground the tUedge has been shiited back down channel again. The Molyneux 'Kivcr was 10ft 9in above 'he normal mark at Akiandra yesterday morning.' The Weather was dull. The return from the Nelson Creek dredge is 20o'i- for 122 hours' work. 'J'iic dredge stopped ■ on Saturday for putting on tumblers. • ~..:" '•••', '•■ The master.of the No Town Creek dredge reports: a: return of 24bz■for■: 134■ hours' dredging. : ..... Th» master, of: the; Blackwttler -River dredge reports a return of 23bz 15dwt for 106 hours. ~ During the past year Tasmania produced 44,7770z. of gold, 80,278 tons of silver-lead ore, 8638 tons blister copper (from which a small average return of gold was obtained) ; 1587 tons of copper and copper ore; 4511 tons of tin ore; 66,161 tons of coal; 28 tons of wolfram; and two tons ot bismuth. The master of the Central Charlton dredge reports that last week's return was obtained from section 3, but two shifts were lost owing to boiler inspection. The dredge was working fairly well all week. The master of the Good Chance dredge has decided to take advantage of the present high state of tho Molyneux River, and will float the dredge down to tho bank just below Coleman's gutter. Advantage is also being taken to float the Electric No. 2 dredge from her present position to the company's ncwly-acquirfedr lalaim on the Jlolyneux, adjoining the Hartley and Riley claim. The February crushing returns of the Progress mines resulted in a yield valued at £4935 from 5662 tons; cyanided 2655 tons, yielding £1049. The smelter .worked 10 days, and treated 71 tons. Theoretical extraction MOo/. Tha Wealth tveatod. 17£ C tons,_ yielding £2443; cyanided 1160 tons, yielding £713. The Blackwaler crushed 2580 tons, yielding £5506; cyanided 172 C tons, yielding £351. Referring to (he Talisman Consolidates mine, the Thames Advertiser says it was recently reported that the make of ore on the main lode has been followed south foi a length of 100 ft, of whieh 40ft was ol high-grade material. The actual position is I hat the chute has proved very rich fo: the full distance thou driven (100 ft), the first 60ft being richer than the last 40ft mentioned as high grade. Tho low-level crosscut of tho Tairua Golden Hills mine has been advanced 17ft, the contractors at this point relinquishing their contract. The total distance driven to date is 836 ft. Favourable country is being passed through, and it will doubtless continue (o the intersection of the lode. Most of the quartz broken from the lead'ng stopes of the No. 2 level has been cleared. The manager of the New Sylvia mine reports that driving north on "the reef has been continued Bft additional having been driven and timbered. The reef shows a tendency to vary in width, but is traversing » splendid channel of country. Tho centre portion of the lode is composed of darkore, carrying a high percentage of zinc blende, and is .assaying improved values. This portion-varies from 2ft to 3ft in width, and is saved as first-class ore. I'he footwall.- portion of lode at present is composed of silica and quartz veins, and is low grade. A body of valuable ore is oarvyfne right through to the south end of No. 2 I rise.'. DUXEDIN STOCK EXCHANGE. Tho share market was quiet yesterday, and stocks were not in much* demand: Grand Junctions accounted for the only sale on 'Change and one parcel changed hands at £1 15s. Two outside sales were reported, New Slyvias at 4s 6d, and NewZealand Drugs at £2 7s.

Sale: Waihi Grand Junction. £1 15e. .Rpported sales: New Zealand Drugs, £2 7s : t New Sylvia, 4s 6d. The following are yesterday's latest quotations, subject to the usual brokerage: — Dukduinu Stocks. Alexandra Eureka—Sellers 2s 9J, Blackwater-Sellers ss. - - Electric—Sellers'4s. Golden Bed-Sellers £1 3=. Nelson Creek—Sellers. 16s 6d.' No Town Creek—Sellers 10s. Rising Sun-Buyers'£l 175.6 d. Mime Stock's. Muddv Terrace—Buyers £1 3s 63. Consolidated Goldiields—Sellers £1 Is 3d. New Zealand Crown—Buyers ss, sellers 5s 4<l. Kuranni Caledonian—Sellers Is 3d. .May Queen—Buyers 4s, fellers 4s 6d. .Now Slyvia—Buyers 4s 3d, sellers 4s Btl. Tasmanian Copper—Sellers 6s Id. Talisman Consolidated—Buyers £2 9s, sellers £2 9s 6d. ' Waihi—Buyers £9 17s 6d. Waihi Extended—Buyers 3s. Waihi Grand Junction—Buyers £114s 9(1, sellers £1 15s. Investment Stocks. National Bank—Sellers £6 6s. Bank of Xew Zealand-Sellers £S Ms. National Insurance—Buyers £1 8s 3d, sellers £1 9s. New Zealand Insurance—Buyers £3 16s. National Mortgage-Buyers £2 19s 6d. Donaghv's Rope and Twine-Buyers £l 2s Gd, sellers £1 3s 9d. AUCKLAND STOCK EXCHANGE. (Per United Press Association'.)' AUCKLAND, March 7. The following business Was done at the afternoon call to-day:—New Sylvia, 4s Bd, 4s 9d, 4s lOd, 4s lid; Victoria, Is 6d; Waiotalii, 4s 3d. 4s 4d; Old I-lauraki, 4s Id, 4s 2d, 4s I'd, 4s, 3s lid, 4s; Tairua Monarch, Waihi, £9 17s; Waihi Grand Junction, 355; Mountain King (contrib.), 9d; Consolidated Goldflelds, 20s 6d; Wilson's Cement (ord.), 46s 3d. WELLINGTON STOCK EXCHANGE. (Pes United Pnr.ss Association.) WELLINGTON, March 7. Tiie following wore to-day's sales :-Tairua Monarch .Consolidated N.C., 4jd. . The following sales were reported :—Old Hauraki, 3s lid; Talisman Consolidated, £2 9s 6d; Waihi, £9 153 6d; Consolidated Goldlields, £1. ROSS GOLDFIELDS COMPANY. (Per United Pkess Association.) CHRISTCHURCH, March 7. Dr Neeley, chairman of directors of the Ross Goldfieids Company, received the following telegram from the mine manager to-day :—"Twenty feet below sixth level and wifiiin 15ft of seventh level; everything satisfactory." The seventh level, Dr Neeley states, is where the old workings stopped when the mine was flooded. CONSOLIDATED MINES. (Faou Oua Own Correspondent.) GREYMOTJTH, March- 7. The following are the February returns:— Progress.—Crushed 3662 tons, yielding £4935, and cyanided £1049. The smelter during 10 days washed 71 tons, the theoretical extraction being lOOoz.' Wealth of Nations.—Crushed 1750 tons, yielding £2448, and cyanided 1160 tons, yielding £713. Black'vater.—Crushed 2580 tons, yielding £5506, and . cyanided . 1720 tons, yielding £351. , LONDON SHARE MARKET. . Press Association—By Telegraph— Copyright. '.'..< LONDON, March' 6. Waihi-Buyers £9 13s 9d, sellers £9 16s 3d. ........' Junction-Buyers 34s 4d; sellers,3ss 7d. The master of-the-Rising-Sun dredge reports':-"Dredged 134 hours and worked 10ft ahead on a- cut 140 yds wide. There is no change in the ground or bottom worked. Prospects- continue fair, and the machinery is running -well."