MINING.

Star (Christchurch), Issue 7661, 17 January 1901, Page 3

MINING.

[Per Press Association.] AUCKLAND, Jan. 17. The Monowai mines got £428 14a Id from 36 tons of concentrates treated in Australia.

DUNEBIN, STOCK EXCHANGE.

DUNEDIN, Jan. 17.

Salea on the Dunedin; Stock Exchange: — Arrow Junction 32s 9d, 32s 6d and 335, Gol^ den Run 495, Grey River 56s 3d, 56ft 6d and 565,. Holritika 186 6d, Junction Electric 29s 3d- Magnetic 29a 6d, Metallic 24e Moa Plat 198 6d Mokoia. 25s 9d, New Al«candra;lßs 6d, 18fl 3d and 18a Hd', Nugget 2a 6d, ReeWs Proprietary 25a 9d and 25s 6d, Second Magnetio 81s, Waipuna 30s, Yellow Stone par.

The "Craey River Argus" states that the Trecord shipment oi gold, at one lime, 4ook place pa Friday, "when 'the National Bank of "New Zealand* Shipped 2Jcwt of gold, per the W&inuyu • A West Coast paper reports that the Leviathan is working well, and is this week likely to put in full time. Considerable alterations iha.v« been made to the tables, and it is now ■though* -that the difficulty of saving fine gold has been overcome. If such is the case the Leviathan should soon ahow what sort of a Property the aharohoidare have. . The Nalaon Creek dredge is reported to be oil good golq. The Maori Queen, ia ibelieved 4o fee a very rich claim, /and shares are tightly htfid at 17s /&L premium. The property adjoin* Maori Creek, and includes a rich flat. The dredge w^l commence work very shortly. Fifty tons of machinery for the Grey River tJonsolidatfced dredge, thirty tona for the (Jreenrfoiw <2reek t fifteen tons for Erickson'a Reward tmH tea tons for the H»u<H»u were landed at Gkeynwiuth last Saturday. J>nring lfae> lftat edghtaen mowths forty-se^en aneoiftl, «n4 WO prospecting licenses vfere taken out at 'fixe Warden's Court, Ross.

A handled »n<3 eleven new dredges are in ■coarse of oondtinicrfdon in Otago. Tenders -witt be oaUed in a few days 4or all ■ contracts in connection with the CommisFlat 'Dredging Company.

Owing to tie ddtoy in the arsival of machinery, the Island Creek dredge is not being constructed as quickly as -was expected.

The Dofeson No. 2 dredge is again in full "operation', and there is every prospect of good returns;. ' The Moboiai dredge, which has been idje. so long, has beep fluccessfuHy -launched, 'and has ■zecoiaoisaced -work. It ia staked on good aut,hority/in/ G^ceymoMth *hat e> Stock Exaiange <w3B probably be established in that tatvn shortly, as the result of rthe dredging acsvsiy. A sharebroker informed ibe "'Weaifco^iNWs" that most of- the mpney invested in (West Coast claims came from Wellington and Wanganui, and not from Otago, as is sene,ral% aiappojied. The inipto-/6man,t in the x^bjirn. of the Waipuna for last week is (says the " Q-rey River iArg^s ")'«ncoulßging. This dredge nae had an enormous amount of "dead woik" to perform, hob. ife now on ithe track to what is believed to 'Be highly payable ground. A fprtnignt ought to see the dredge getting good returns.

The building of the pontoons-for tl^e Totaw Flat fliredge is bein|. pushed on rapidly. The shares are selling afc 2s premiium. Boring experiments i-ave ibesa .carried out oq ■the special diaiin helS % %-lohn Magnus, aj> Bosb Flaft-, but it jroas^not craund possible to Bink bfflow : tjM. The grpuind has proved of good quality. The JEkonui River is being tested by borjng ezperimioiils. Some goad results are reported from Duffer's Creek. The boiler, for the Ahaura dredge is expected daily. The' contractors for the erection of the machinery expect to have everything ready fn a few weeks.