Notes from Lyell. (From Our Own Correspondent.)

Otago Witness, Issue 2253, 6 May 1897, Page 19

Notes from L yell. (From Our Own Correspondent.)

Lykli,, April 30.

The mine manager reports from the Lyt-ll Creek Extended Company's mine for the week as follows :— "The con'rac orsfor sinkiufc the main t'haft have sunk >; fuvtherdistar.ee of 4ft, making fcbe total depth cjmpjfletl -12fl. TJi-i-a is io change in the country sinuo ta*fc ) sport " Notes from Auckland. Auckland, Apiil 2S.

On the share market the following sales were made : — New Whau, 3^d ; Scandinaviai), 7d ; Victoria, 2a 4d.

The present position of the HH-or-Miss Company is that it is being worked on an opr.ioti by Bewick, Moreing, and Co (<>a behalf of the New Zealand Exploration Company), the arrangements being that ths purchase of ihe property w to be completed by the 30sh inst. The present proprietors of the Hh-or-Misb Company receive £1000 in cash and 20,000 paid -np shares net in a uewcotupjny (consisting of Hit-or-Misa <>ntnil and Joker properties) to be dilied the Cinpjoss of lutiia Company. The proprietors of thft Central and Joker are to receive £10,000 find 20,000 3havt?& between them. The new company is to have .i capital ot £150,000 and provide a working capital £20,000.

Ap v 30,

The Waihi-Sili erton return forthe mouth shows a further improv. ment. £lG4fi was obtained from S2O tons of ore, a-.ainst £159 i for March, £1601 for Fe >ruary, and £1034 f r January. Berwick, Moreing, audCo. paid £1000 to the Hit or Miss and £10J0 to the Central and Joker mines, at Purhi and the Thames, to-day, as deposits for pur. base of the properties. He is also bouud by agreement to float the company by De ember next, with a capital of £150,000 and a. working capital of £30,000.

The present option of the Sheridan mine having lap3eda second offer from a Napier syndicate is made. The proposil is that a company be formed of £132,000 in shaie3 of £1 ■■ ach, the vendors to isceive 50,000 share", and a working capital of £10,000 to be provided. As a guarantee of tins eenuineues 1 * ot the offer, £0000 has been deposited in the Napier bank, and this with the addition of £4000 to be called up when required will form a working capital of £10,000.

THE MACETOWN REEFS. (From Our Own Correspondent.)

Aniura town, May 3.

The Glenrock Company cleaned up 2060 a 12dwt from 245 ton —nearly 17dwt to the ton. The Westraha, obtained Sloz 15dwt from 219 tons — nearly Sdwt to the ton. The Gleuro k Company obtained also £70 worth of : old from the berdan concentrates by the cyanide process. The prospects iv this mine are excellent, and improving in depth.

A NEW FIND AT LONGWOOD,

The Western Star, reports that Mr George Rorke, an old and exerienced miner, who has been piospectiijg in the Longwood range, near Uiverton, after some stripping, came across a welldefined reef. The outcrop was discovered in a creek at the foot of a spur into which the reef runs, and from certain indications he concluded he had struck good 3tone. He was then joined by Mr John Simon, and ifc was decided to send a quantity of the stone to the Dunedin School of Mines for the purpose of being assayed. Accordingly 251b of stone was taken from the reef in a haphazard manner and sent up. Last Friday word was received that the yield wai eriual to 19dwt 17grs to the ton — three grains 3hort of an ounce— a result which speaks for itself. There is every probability of Mr White, of Dunedin, forming a company to thoroughly test the reef before commeDcing extensive operations. The reef runs north-west and south-east, dips to the west, and makes in the dip. It has been stt-ippsd for 20yds, revealing a thickness of 15in. At the north-west end it is Sin. It has been traced for 10 chains, which is the width of the spur. At the south-west end it crosses a creek and strikes into another Bpnr, but nothing has been done there beyond sinking a hole to ascertain its direction. At the north-west end about 20ft of cutting has been made, with the intention of putting in a drive to tap the reef in the centre of the spur, and a shaft is to be sunk at the south-we3fc end foraboufc lOffc, the prospectors being engaged at the work now. The reef is different from the others in the locality, and has a splendid hard casing (always a good sign), which is full of pyrites, the rust of which prevents gold from being seen in the stone. The prospects and the assay, however, prove its existence.

the Mfttakitaki Gold Dredging Company (Limited) for three days' dredgine. The Secretary of the Clyde Dredging Company (Limited) reports a yield for the week of 20o« 14dwt igr, value £79 Ms ; dredging time, 128 hours.

The Dunedin Stock Exchange report the following returns for last week:- Otago Dredging Company, 10'oz; Golden Treasure Dredging Compauy, 13Joz. The Upper Waipori Alluvial Gold Dredging Compauy (Limited) obtained from No. 1 dredge 230z lldwt of gold for 132 hours' dredging ; and from No. 2 dredge 15oz 16dwt of gold for 133 hours' di edging last week. The Jutland Flat (Waipori) Gold Mining Company (Limited) obtained 260z Bdwt of gold for 14-i hours' wages time (137 hours' actual dredging) last week.

THE MOUNT LYRLL MINING AND RAIL-

WAY COMPANY (LIMITED).

Mr A. G. Fenwick supplies tho following extracts from head office report received by him for week ending Bth April : — Smelting Plant. —Furnace No. 2 : Blown in again. Furnace No. 1 : Shut down for repairs to upper jackets', aUo to tide over interval during which llailway department is relaying through tram with heavier rails. Extension of Smelting Plant.— Framing timbers for storage bins. No. 3 furnace : "Upper jackets in place ; brickwork of shaft completed ; erecting irou superstructure over same ; iron and brickwork of hearth in progress. Furnace No 4 : Excavation for foundations of same nearly completed. New engine room : Retaining wall in progress. Converter Plant. — Working continuously with one vessel ; about tilO tons blister copper shipped to dato ; shiftiujrconvertertramline from machine shop to converters, in order to make room for extension of blast furnace slag dump ; also extending terminus of main line in front of converto building. , DUNEDIN STOCK EXCHANGE. Friday's Quotations. ! » Members : I A. TS.VB.TLEMAN W. G. FORBES B rod rick, a Chalmer Chas. J. Fox K. A. Cooan ThoS. Grosk A. G. Fexwick Hamilton &M'Kerrow Percy Heuiorf. J. R. :-<corr Alex. Herdman (Com- .loiin Reid & Sons uiercial fioperty Co.) Neville Sievwiught Tt\os. Moodik (Per- Arthur M. Sidky & Co, ! >etusl T»»sto3s to.) Edward Thythall 1 Haitian itnEvifS "A r . J. Watson. .Tun. , It. B. Vai.kntink Skvtimus E. Bjrtsnt. From To Banks : £s. d. £s. d. National 1 18 0 1 19 0 New Wouth Wales 35 15 0 36 10 0 Uuiou of Australia, Ltd... 25 10 0 26 10 0 j Insukancb : I National (cum. tiiv.) ... 017 9 018 3 ! New Zealand 3 8 0 310 0 1 South Britioh 2 9 0 211 0 ' Standard ... 015 3 015 9 '" New ' Zealand Shipping ... 415 0 417 fl Union Steam 9 0 0 9 5 0 I 'Coal Kaitaugata (old) 39 5 9 20 0 0 Bo (new) 19 0 111 0 Westport 215 6 217 0 Loan a.vj> Agency : „ v 3)al*eiy aivd Co 5 0 0 5 5 0 National Mortgage ... 013 0 013 li Now Zealand and River Plate Laad Co. ... 014 0 015 0 Perpetual Trustees ... 011 0 011 it Trustee 3 and Executors „„ , (cum. div,) 19 0 110 6 Miscellaneous : Kaiiapoi Woollen Co. ... 015 0 fi 5 U MilburtiLu-ieiuidCsment 019 0 10 0 Sloininston Tramway ... 015 0 015 o MosKiil Wool Sen (cum div) 4 2 (1 4 4 0 j New Zealand lime (•£'•! „ „ „ paid) .- ... 2 6 8 2 7 6 New Zealand Diug (30a - paid) 113 0 114 0 Ota*o Daily Times ... 10 12 « 10 17 « I Ro3lyu Tramway 111 0 112 0 Quartz Mining : xikkvton. , Rig River Eifcauded ... 015 0 ') 16 0 1 Cumberland 0 1 8 0 2 .i ' ■ Exchange 0 0 9 Oil) Hercules 0 13 » 1 6 Humphrey's Gully ... 018 0 018 0 Keep-it-lXu-k 16 0 170 Keepit-Dark, No. 2 ... 0 I 0 0 1 4 Lord Edward 0 1 « 0 19 Lydll Creek 0 14 017 Sueco« 0 0 0 0 0 9 United Alpine 0 5 0 0 U 6 Welcome Co. (Lid.) ... 0 3 U 0 4 0 JLUCKL.VND. Cardigan (Ltd.) 0 0 9 010 Kuranui-Caiedonia ... 0 4 0 0 4 o May Queen 0 7 S 0 8 0 MoansUainri (Ltd.) ... 0 9 G 011 0 Puru Con*oliduted ... 0 3 1) 0 3 15 Scandinavian 0 0 5 0 0 9 Victori* 0 2 4 0 2 G Orowo 14 8 17« Port Tea ... ... ...0 0 5 00 0 Stanley 00 7 0 010 Victor-Waihou 010 0 i 4 Waihi-Silverton 018 6 12 £ Waihi Dredging 0 0 2 0 0 .W Kmiotutm 0, 0 8 0 1 0 Britannia 313 « 1 0 Euukfci'sHill 0 2 5 0 2 » Coromandal Freehold ... 0 0 o 0 U 7 HanraJri North (paid up) 03 0 03b Do (contributing) 0 19 0 2 0 AUSTRALIAN AND TASttAKIAN. Barlen Hercules 029 0 3 0 Broken Hill Proprietary 28 0 2 10 0 .Comet Silver Mining Co. 05 0 0 6^ y Curtin-Davies Proprietary 0S 0 0 8 S Hercules Gold and Silver Mining Company' ... 10 6" 116 Mount Lyell Mmmg 1 aad Railway Company ... 710 0 715 C Oonah Silver Alining Company ... ." ... 07 ,9 08 Q Broken Hill Junction North -, ... 1 0 0 12 0 liredging Companies : Buller 0 5 6 o^o Clyde ; 55 0' '.' 01 0 0 Dunedin 0 9 0 0 9 6 Enterprise 115 0 117 6 Ettrick (vendors) 18 0 19 0 Do (contributing) ... 17 0 18 0 Golden Crown 010 6 011 0 Golden Gate - 1 10 0 I 12 0 Golden Bun 0 9 0 0 10 0 Golden Treasure 250 210 0 Jutland Flat (vendors), ex div. 0 9 0 0 9 6 Do. (contributing) ... 0 8 6 0 9 0 Otago (cum. div.) 13 0 14 0 vSew Hoy Big JBeach ... 0 I 0 0 14 Upper Waipori (vendors) 0 4 0 0 4 6 Po icontributing) 0 3 6 0 4 0 yr.uici.vfj Companies : Roxburgh Amalgamated (vendors) 010 6 011 6 lloxburgh Amalgamated (contributing) 0 10 0 fl 10 6 Waipori Deep Lead ... 0 1 0 0 13