MINING NEWS.

Alexandra Herald and Central Otago Gazette, Issue 369, 4 June 1903, Page 5

MINING NEWS.

The work of lengthening the ladder of the Golden River Coy.'s dredge will be finished about the end of the present week. The manager (Mr J. Si riders) has subj'Cted the dredge to a thorough overhaul, and, when the repairs are completed, the machinery •will be in first-class order. Previously the dredge had been running with the driving gear out of line, and it was found necessary to shift the engine in order to bring the driving pulleys true. The dredge should be ready to resume work about the end of next •week.

The work of re-erecting the pontoons of the Fourteen-mile Oo.'s new dredge is well advanced, and a start will be made within a few days to put on the machinery. The dredge will probably be ready to start about the end of July.

Mr W. Baird has been appointed engineer on the Monte Ohristo dredge. The new oil engine is being fitted up on the Molyneux Falls dredge. The directors of the Hartley and Riley Company have declared a dividend of 2s 6d per share. This is the 22nd dividend for which this wonderful dredge is responsible, and brings the total disbursed in dividends up to £63,375, or JB9 15s' returned for every £1 of original capital invested. The company's reserve fund stands at present at £1,500. The Unity dredge stopped at the latter end of last week to allow of necessary repairs being made to the screen. The dredge will be ready to resume work about the end of the week. Good wash was struck before the dredge stopped.

The Monte Ohristo dredge resumed ■work last Saturday. The Merrimac dredge, recently purchased by the Reeves's Propriety Company, arrived in Greymouth per 6 & Rimu last week, and is now shifted ou to the company's claim. The dredgemaster of the Molyneux Kohinoor dredge reported last Thursday that prospects were getting better as they worked into the east bank, being" the best he had ever seen in that part of the river, possibly equal to three-figrure returns. -^ Toe Perseverance No 1 dredge r£ eumed work on Tuesday afternoon.

DREDGING RETURNS.

The following are the returns for the week ending Saturday, May 30th, 1903 :

oz dwtgrs Manuherikia, Alexandra, 136hrs 142 0 0 Hart'ey and Riley, Cromwell ... 101 0 0 Electric No. 1, Cromwell ... 96 17 0 Upper Waipori, Waipori. 141br... 70 0 C EarnscleugbNo2, Alexandra 126h 61 0 0 Alpine Consols, Cromwell, 40hrs, 57 3 6 Alpine No. 2, Cromwell, ... 56 11 0 Junction ElectricNo 2, Cromwell, 55 7 0 Danstan Lead, Alexandra, ... 53 5 0 Waimumu Queen, Gore 62 7 0

Prince Arthur, Shotover ... 51 13 0 Sandy Point, Alexandra, ... 41 16 0 Cromwell No 2, Cromwell .. 41 5 0 Eise and Shine, Up'er Clutha ... 39 17 0 Otago No 2, Beaumont ... 37 5 0 Sailors Bend, Alexandra. ... 36 0 o Waimumu, near Gore, 114 hours 32 16 0 Waikaka United No 2, Waikaka 31 13 0 Golden Gate. Millers Flat, 6dys 31 4 0 Alexandra Lead, Alexandra, 126h 30 1 0 Matau, Clyde, week ... ... 30 0 0 Success, Waipori ... ... 29 0 0 Molyneux Kobinoor, Roxburgh ... 29 0 0 Enterprise No 1, Alexandra ... 27 512 Golden Bed. Miller's Flat, 120hrs 26 17 0 Majestic, Miller's Flat... ... 26 4 0 Enterprise No 2, Alexandra ... 26 0 0 Unity, Clyde, 3 days... ... 24 0 0 Central Charlton, near Gore. 123 hr 23 15 0 Inchdale. near Palmerston, 138hrs 23 4 0 Muddy Creek, Waikaia, 114h ... 22 0 0 Olrig, Manuherikia, 202h ... 2119 0 Charlton Creek, near Gore. 128hs 21 11 0 Perseverance No. 2, Alexandra... 21 10 0 MacCharlton, near Gore ... 20 14 0 Chicago, Alexandra, 122brs ... 20 2 0 Golden Run. Millers Flat 20 2 0 New Paul's Beacb, Beaumont ... 19 14 0 Island Block, Beaumont, ... 19 6 0 Mystery Flat, Waikaia, 19 6 0 Sheddon's Freehold, Waikaka, wk 18 0 0 Waimumu Central.near Gore, 129h 17 12 0 Reliance, Tuapeka Flat ... 17 7 0 Enfield, Waipori, ... ... 17 5 0 Otago. Miller's Flat, 6dys „ 17 0 o Waikaka, Waikaka, 120hrs ... 16 19 0 Junction Electric No 1, Cromwell 16 19 0 Central Mataura, Mataura, 135h 16 3 0 Inch Valley, near Palmerston ... 14 10 0 Crornweil No. 1, Cromwell ... 14 3 0 Teviot, Roxburgh, 135hrs ... 14 1 0 Waikaka Queen, Waikaka, 57hrs 13 8 0 Golden Chain, Upper Clutha ... 13 8 0 Tuapeka, Tuapefca Flat, wk ... 13 6 0 New Half-way House, Clyde Rd 13 6 0 Happy Valley. Tuapeka. wk 12 0 0 Electric No 2, Cromwell . ... 12 0 0 Molyneux Hydraulic, Alexandra 11 14 0 Charlton Valley, near Gore. 7ohrs 10 7 0 Ngapara No. 3, Nevis, 130h ... * 9 0 0 Lady Roxburgh, Roxburgh ... 812 0 First Chance, Alexandra, ...8 0 0 Grand Junction No 2 ... 6 18 0 Spec Gully, near Gore, 13ohrs ... 6 2 0

Total for 60 dredges ... 1908 9 18 Average per dredge 30 0 0