MINING NEWS.

Southland Times, Issue 14816, 18 December 1900, Page 4

MINING NEWS.

[By Telegrami.] Dcnkdix, Dec. 17. Stock Exchange sales at premiums : — Ahaura River Is, Is 6d and Is 3d, Aldinga 5a and 5s 9d, Caledonia 6s, as 9d and .Is (id, - Crown Diamonds par, Krickson's Reward 3s 9d, Grand Junction 7s 9d and 7s (id, : Great Lead Is and Is 6d, Greenstone Junction 9s 6d, 9s, 9s 9d and 10s, (hey River Consolidated 3s, 3s 9d and 3s f>d, Hokkika Extended 6d, Hokitika River, l.">s, lli.^ fid, 17s anel 17s 3d, Kohinoor 6s, 0k lid and 6s 9d, No Town Creek 7s, Ss, 8s 3d, Ss b'd and 9s, No town No. 2 6d. North Beach 4> Gd and 4s 3d, Roxburgh Jubilee Ss Hd, Suit- ' water Creek '2s 6d, Trafalgar, 7s (id, 7s 9d, 7s 6d and Ss, Victory 7s Gd, 7-s 3d and 7-> 6d. Other sales : Alpine Consols 11---6 d and 42s 6d, Central Charltou 15s. Dobson No. 1 29s 9d, 30s ami 29^ 6d,' Electric £2 7k Gd, £-2 Ss and £•_' 7s 3d, Electric Extended I' 2 28, Endeavour k 2n u . 6d, Fourteen Mile Beach Sis, (lentle Annie £ l 2 Is, £2 Is 3d and £2 Is Gd, Cold King (paid) 15s and 14s Gd, Gold Queen 335, 32s Ud. 335, 33s 6d, 32s and 31s Od, Golden Run £'J '2« 6d, Grey River £4 0s Gd, £4 Is. £4 (Is 0.1, £4 0s 3d, £4 2s Gd and £4 2s !>d, Halfway House £2 Is. Hartley and Rilcy £(> !!•«, Leviathan £2 Is od, £2 Os fid and ',£2 1« Gd, Magnetic 275, Merrimac 345, 33s 9d and :H.«, Mokoia 275, 27s Gd, 28a Gd, 28s, 28s 3d, 29s 9d, 28s 6d and 28s 9d, Morning Star 7s Gd, Nelson Creek £2 15s, Nugget 2s 6d, Reeves Proprietary 31s, 30s 6d and 31s 3d, Richards Beach 22s 9d, 235, 22s 6d and 22s 9d, Three Mile Greenstone 27s Gd, Upper Magnetic 345, Waipuna 2Ss 6d, 30s, 31s, 32s and 32s 3d. Sales at discounts : Gold King (contributory) 2s 6d and 3s, Gunton's Beach Is, Gre»t Lead 6d. During the week returns have been reported from 39 dredges, the total yield being 10250z lOdwt, or an average of 260z petdredge. Additional returns : Tuapeka 230z lOdwt, Evans Flat 16oz Bdwt, Upper Waipoi'i 14oz 3dwt, Jutland Flat 12oz KSdwt. Alxkland, Dec. 17. The Waihi Co/s return for the four weeks ending Bth inst. from 11,308 tons of ore. treated was bullion valued at £29,673, being the best return yet recorded. The total from the mine to date is £1,490,479.

At a meeting of the directors of the Belmont Company, held yesterday evening, Mr Win. Murray was appointed dredgemaster. Mr Murray was one of the dredge-masters who worked the dredge on the suction principle and in hi a report he expressed the opinion that with an up-to-date dredge from 60 to 100 ounces of gold per week would be obtained. Mr. Murray (who is at present dredgemaster of the Oleniti dredge) has unbounded confidence in . , the Belmont claim, and the directors iii making the appointment have carried , out the expressed wish of many of ■;.;- the shareholders. The first load of machinery goes forward this week from Otautau, and every effort will be made to push . on with the work of reconstruction immediately after the holidays. The machinery of "the Milestone Com ' ■'< pany's "dredge is now nearly all in position, and it is expected that a trial run will be made this week. The Warden's Court sat in Gore on Friday, Mr D. Barron, Commissioner of Crown Lauds, presiding. The application of H. S. Jones for a prospecting license at Pyramid was granted, and that of D. J. Bews for a water race of six heads following the natural ..- cbannel of the Waimumu refused on the ground that the Minister had prenously Withheld his consent. The application of .... J. A. Yule for a water race of two heady - ; from a tributary of Charlton Creek, objected to by Thomas Green and the Charlton Creek G.D. Company, was heard and judgment re- . served. J. A. Yule's application for a prospecting license of ten acres between sections 495 and 496, Hokonui, on the one . hand, and to the centre of Charlton Creek on the other, and also part of the roadline between sections 495 and 496, objected to by Thos. Green, the Charlton Gold Dredging Co, the Southland County Council and E. It. Ford, was, after hearing the evidence of T. Green, C. Bennett, M. Foley, J. B. Paterson, J. Mac Gibbon and S. E. Denniston, held over till the Commissioner could visit the ground. The annual report of the directors of the Waimumu G.D. Co. states that the ri-sult of the year's working would have Ijreri much more profitable but for the trouble experienced in combating a large quantity of clay met with. Not only has a large quantity of stuff to be put tbrougli with no result, but the presence of the clay prevents the i 6aving of much of the gold. The dredge is : . now working out of this class of ground. The directors had purchased about 21 acres . pf good dredging ground adjoining the present property at £1 7 per acre. The ground was well prospected, and appears to be at least equal to the average of the best Waijnumu Flat. Dividends amounting to £700 have been declared; the proceeds from the ; . Bale of gold totals £3382 lls Id, and there is a balance in hand of £311 19s Id.