Our Mining Reporter.

Thames Star, Volume VII, Issue 2141, 13 November 1875, Page 2

Our Mining Reporter.

THE WEEK.

Expectations ■ regarding the City of London yield, reference to which was made in this column last week, were more than -realised. It turned out better than was expected by most people, and to some shareholders the diridend declared payable to-day was quite unexpected. With most people a dividend from a mine, other thau the Queen of Beauty, in the "W.aioJ£araka, was looked upon as being very unlikely. This circumstance, however, of the Oity being in a position to pay a respectable, if not handsome sum per scrip, has served to recall attention more closely to this same locality," and regret is general that a number of mines like the City of London, with prospects of such a promising character, should be brought almost to a standstill through one of such mines getting financially in- , volved; and, further, that no attempt should be made to remove the difficulty which threatens to implicate so many valuable properties and interests. One would have thought that self-interest, if nothing else, would have devised a remedy to avert the consequences of flooding the levels of mines which are capable of such good things as a seven and sixpenny dividend. A " scheme," .which was briefly referred to in this column a week or two ago, is about to be submitted to the shareholders in mines situated in the Waio-Karaka ' fcr resuming pumping. The proposed plan, as before stated., comprehends the formation of a pumping association and tbe erection.of pumping works on a somewhat novel style, the motive power to be used being- tbe water from the Thames Race, now approaching completion. This principle if adopted would no doubt be much more economical, than working the.pumps by steam, and.as economy is the main object, it is much to be wished that the scheme may find favor in the eyes of those interested, and if approved'that it will be highly successful. The United Pumping Association shaft has lately shown indications of the presence of quartz, which at the present depth is regarded as a good sign. The striking of a reef in the Magdala mine, Stawell, Victoria, at a depth of 16S1 feet, may be regarded as some encouragement

in prosecuting,ijiis P&mping^ltfei^jfatkiiaL shaft of ours. It disproves ( th» theory advancedbj'some thatauriferous qu-trti would not be found at a. great depth—fa the^Magdala reef >a$ b#W ; ipui»d .to be* auriferous; an-, compare* with tfeellafdaja sinking the, Pumping ( Association may, be. said to,be, quite shallow-. The difficulties to be contended wift, hofrerer/ in sinking on the, Thames, within-,.* short dUtance of high water mark,' afe/freat«r than'in Victoria, and already ihYxnmp-' ing Asspciatiou shaft and plant hate cost more money to get down 600 'feet than tyisSlPr&*s*§ h»» Jn-reachipjrjA^P^ of 1681 feet: the latfer-has cosT -only £35,000. The finding of a reef in the Pumping Association's low level would b» hailed with general satisfaction, as it woitl&jp ( tar towards reviving the interest felt m . mining in this district. .-. That* most barefaced robbery of amalgam from the SVha* karoa battery at Coromandel seems to be m a farf *ij of; discovery. It^was tOrf rounded with" a - good*; deal of myitery, and s> atv, one lime, seemed to de/y,, deteeiipi>fr; r The itolwi'jrop^rty has _,been-recovered, .and the tfiief or thieves will nd' doubt ioon get his or their deserts. i Coromandel mining gMprally ia~ prosperous. (SeVenjji : jrf 'thejjfcrieipal mines are in a fair Way of projflPlßgjMsh yields, and they will, it-is, hpped7#Utotain thefr' present character/ **' JHftm Ohinemuri and Tairua there~ia nothing' fresh to report of a startling, character, but the progress of mining 'operations gives: room: for ..hope^Som/e ditappointment is felt that Ohme^uri hasnot beeft brought under f the , operation of th* (Joldmiriing; r Districts, Act,', as ' Was" expected ,>hen .the.^tbended 'Act^'wai passed', but there'is reason to believe'that representations 'to' Sir G'eorgir'Grey, ai holder of-the delegated powers r will-have the desired effect^.wben T ihose wjio Jiar# held out so long will b& able to .take Mvantage of the provisions* of the Acfcwnn. out being subjected- to the annoyance-of the jumper iraternity. The visit of the 'Premier to Ohihemuri^may Wprdduet!|p °f fiood. At any rate advantage wad taken b? His *isit:^ urge the^e¥el»ut|: of opening up the country, which will probably reoelye ? gome notice it the hands of the ■ propel' authorities, • Thi Bright Smite is towww&d'^f 1 Iffluit is the only solution.of the present•diftt* culty, the sooner tup winding up takes place the better, pipcethe ab^ive Wat written we have received a letter from our own correspondent at Ohinemuri, which shows that public action has been taken to hare the .Goldmining District! Act brought into operation.]

GOLD RETURNS. Name of Compakt. or. dwt. gn> Lord Nelson... -; ... .... 135 15 6 Cure (Tribute) ... .... 118 0 City of London ... ... 749 O-^O i Alburnia(Heldt's Tribute)... 71 9-0 Don Pedro ■„ 30 12 p Mountain Flower 13 0 Inverness (Lapham's Tribute) 6 4 0 Abolition , J, 5.6 12 White Rose (tribute) ... 16 19 0 Chance ... 13 0 Una ' 78 0 -0 Una (Tribute) <„ 6 12 12 Ballarat and Rising Sun - ■->. (Tribute) 3 15 0 No Chance^ ... ..". ... -7 512 Only Chance... 15 10 0 Twenty-third of June ... 7 8 0 Last Chance (Neal and Party's Tribute)... , 4 10 Last Chance (%own and Party's Tribute) „. . 216 0 Red, White and Blue Campbell's Tribate) ... 3 0 0 Only CJiance • 1510 0 Queen of BeWtf* ... "...: 4lVlO_ ;JO" Albion - 99 0 "0 " Total 1680' 16 18