MINING SUMMARY.

Otago Witness, Issue 2630, 10 August 1904, Page 27

MINING SUMMARY.

During the past three weeks the climatic conditions hm c been highly favourable for the successful prosecution of the mining industry generally iv Otago, and, as a-spell of dry, cold weather was followed by a heavy fall -of snow, with an vr-eyitionally low temperature, a low river should be almost a certainty for a short period at anyraie. The river itself ha.3 been fairly low for some time, but the fluctuations in its height have caused the drift to travel steadily, with the result that many of the dredges, though not actually idle, were unable to do much rernuneratn o work as the greater part of the time was occupied in clearing the paddocks of the accumulations of silt. The change in the weather should, however, alter matters consmerably, because if the river remains steady the drift will soon settle down, and the amount of dead work necessary will" be comparatively small. Of late there have been practically no new developments in connection with the industry, which has now settled down to its normal level, and in all probability there will be no material change for some time. No sensational returns have been won during the period that has elapsed since the issue of our last Summary, but nearly all the coni2^anies have obtained sufficient gold to leave a balance on the right side, after making allowance for the cost of carrying on operations, while a few have done remarkably well. As is usual at this time of the year, quartz mining is practically at a but the htoppage is only temporary, and no doubt operations will toon be in full swing at the various mines It is reported that Mr Farrell has formed a company in London to woik hiy quartz mines at Macetown, and that a large number of men will be out on in the -^pnng. Advices fiom Auckland stale that (he value of the gold won 111 that dmncr during the thicc weeks ended July 20 was £14,922, making a gross yield of £425.192 for the half-yeai. During the month of .Tune the Tiurua Pr^V-n lii.'l C.<A-\ ?1.-'na C. ,:.-ir.y t i cated 500 tons of ore for a return va'upd at £1040. and during the four weeks ended July 16 the Komata Iloefs Company nUJ'iirtl sold v^lupd at £2230 from 1260 ion?! of stone. The Royal Oak Company ti eared a parcel of picked stone for a return valued ai £1501. and the Ilauraki Freehold Company crushed 30 ton» of general ore and 1101b of picked stone for a return of 3030z

17d\yt of melted gold, valued at £9G6 Ks 3d. During the four' weeks eaded July 16 the ■\Yaihi Company crushed 19.793 tons of stone for bullion valued at £52.266, and during the month of July the Talisman Consolidated Gold Mining Company obtained gold valued at £6386 from 3975 tonp of ore. Considerable activity was < aused in the Auckland share market at Hie eiid ot last month b}- thr- nous tha* the- Waihi rc-cf, which had been intercepted in Iho 500ffc level of the Waihi Evtonded mine, bud developed into a lodo proved to be Bft; wide, with no of the focWall. Later information stated that the mine broke into a body of quartz after passing through a clay head in the face of the drive, where the reef was penetrated about 12ft. This news created oonsiderabV excitement, and further developments of thr reef arc brinsj locked forward ro with inte-ro-t. Reefton advices state that the return from the K.cep-ii-Dark Company's mine for the month "of July was 3300z ldwt from 1200 tons of stone, in addition to winch 2580z 2dwfc were obtained by the cyanide process. The Alpine Extended Company cleaned up on July 26 for a return of 1950z lOdwt of gold from 500 tons of stone. Sluicing and Hydraulic Elevating Claims. O r i. dwt. gr. ZSX. and E. Company. 51 weeks ..3 75 0 010 1 Undaunted, 2 weeks 7(5 0 {> Golden Crescent, month .... 51 1 0 JSTokomai, month i-i U £2 Champion . . It 1" 0) Local Industry, 13 days J3 15 0 COMPARATIVE DREDGING RETURNS. The following table shows the weekly return* reported from the Otago and Southland dredges for the present year, together -with the figures foi the corresponding periods of 1903 1902, and 3901. Pennyweights and grains ure omitted m each instance- — -

! The following tab'e shows the weekly returns ' reported from the "West Coast dredges duringthe present year, together with the figures for the corresponding weekly periods of 1903 and

17,226 17 20 17,730 2 16" 16,628 7 IT* DIVIDENDS. The following dividends have been declared duce the issue of our last Summary — Undaunted, ss; New Roxburgh Jubilee, 3s; j Golden Run Is ; Golden Gate, 2s.

1904. ISTo. Oz. 41 894 53 1282 57 1390 53 2047 61 2932 60 2194 I 67 2457 161 2135 51 1431 51 1236 55 1268 59 1419 52 1636 59 1634 57 1730 53 1569 54 1728 59 1596 61 2056 53 1833 fiO 1948 53 1442 53 1431 ">0 1162 j55 1419 55 3399 56 1626 57 1655 63 2021 63 19S0 IS **" 39 50 53 59 61 57 55 63 61 59 62 6t 66 63 66 G9 63 64 67 71 67 62 73 77 69 72 64 31 32 .903. Oz. 133 SlO 1262 1316 1460 1639 1481 1357 1426 3415 1451 1391 1426 1535 3599 1663 1806 2000 2032 1851 3957 IP7B 1994 2459 2345 2083 2017 155-2 714 811 1 Ko. 14 42 52 51 52 53 52 50 60 63 59 55 62 55 51 65 71 69 74 70 6S 66 61 C 8 66 67 72 75 76 73 1902. Oz. 311 1094 1330 1207 1318 1347 1337 1336 1799 1851 1840 1573 1685 1406 1617 2211 2240 210 i. 2345 2304 194,3 2146 2082 2266 2349 2480 2630 2635 2633 2689 191 Ko. 14 22 29 31 39 :H 42 43 42 48 41 40 44 47 49 43 39 49 53 39 42 43 34 3± 35 35 45 50 55 61 )01. Or. 293 532 617 722 82S 829 1027 99* 1153 1604 1417 1347 1608 1644 1713 1011 823 3108 1409 76S 831 72S 597 642 774 759 1022 1132 3762 2079 ; 50,850 47,037 56,488 3i,59»

1904. Ko. Oz clfc gr 15 373 2 0 14 396 1 0 17 567 8 0 24 792 16 0 23 66i 9 2 24 736 3 6 22 Cl 512 0 26 769 8 0 21 510 10 0 23 706 14 12 21 G55 IS 0 11 373 11 0 20 768 13 12 26 752 11 0 18 505 10 0 15 521 8 0 18 437 17 0 21 576 2 0 21 657 0 0 24 661 11 0 15 382 8 0 20 511 5 0 23 570 8 0 23 651 2 0 22 317 1 12 21 467 14 0 21 555 16 0 17 467 14 0 14 525 13 0 17 535 11 0 1903. 1902. Xo Oz dt gr ]STo. Oz df gr 21 505 0 0- 12 357 5 8 19 603 11 0 19 576 2 0> 19 573 7 9' 15 446 10 9 23 694 13 23 17 471 16 O 23 6SO 5 O 21 544 !) O 25 739 0 14 24 715 10 O 26 804 6 0 21 615 15 ft 26 713 11 8 22 555 11 12 21 583 9 0 21 591 15 6 22 608 17 20 20 513 14 12 23 574 021 21 563 14 15 21 640 6 0 18 604 15 G 19 611 14 0 14 736 17 O 23 752 10 O 22 810 212 21 595 21G 17 502 16 O 23 600 16 10 22 654 0 O 23 641 12 4 21 553 16 S 22 562 312 23 603 4 4 15 449 15 6 16 342 9 O 21 496 15 6 17 385 13 O 20 553 12 16 17 450 10 12 25 593 7 9 19 451 16 18 19 479 3 0 21 561 012 22 592 15 0 20 622 19 O IS 490 17 0 14 434 16 *O IS 551 11 0 18 472 17 0 20 584 17 12 23 610 15 11 10 252 18 9 2-2 577 3 O 23 666 18 13 19 534 15 O 19 503 10" 24 765 18 O