Notes from Cromwell. (From Our Own Correspondent.)

Otago Witness, Issue 2894, 1 September 1909, Page 28

Notes from Cromwell. (From Our Own Correspondent.)

CROMWELL, August 27. Steady rain last night put the river up considerably, but it turned to snow on the high country, so -there is not likely to be a big rise." It will interfere with the gorge dredges' working for a week. The Rise and Shine No. 1 dredge iat reported to be doing exceptionally well again, and the No. 2s returns will likely, soon be much improved, so the regular! dividends seem assured. I%e Keystone borer will put another bore down at the Kawarau Gorge befoiro moving to Bannockburn, as the syndicate expects to strike payable wash in the deep ground. It is likely that the Clutha Valley will also be prospected before the boieog leaves the district. . . . The Luggate Hydraulic Comrjany^ washed up for a fine return for a fortnight's work* and there is a splendid supply of watery Operations are now being commenced at Nevis, several parties having gone out tji« week. One of the hydraulic claims started a few weeks ago. Notes from Alexandra. (From Oub Own Coreespondeht.) ALEXANDRA, August 25. Stewart's Keystone borer arrived at tW$ Earnscleugh Company's claim last Friday, and started boring on Monday at * point opposite No. 5 dredge. So far good pjeg-

fpjtefes lias been made with the first bore, an 3 other portions of thfe claims will be prospected with this plant. A company is being formed locally wjth th« object of giving the old Bend i go pUini another trial with the Clyde dredge,' pnnoh was recently purchased by a local syndicate. Ifibk and party, on the Manulierilcia., are reported to be at present on a good run of wash. Last week's return is said (bo be well over the half-century It is understood that the Keystone borer operating in the Cromwell district succeeded in boring to a depth of 127 ft, when 4h« bottom was reached, this hole being 7ft deeper than any of the bores put down fit Naseby. I have the authority of Mr ftteel,. who is in charge of the machine, for saying- that no difficulty was experienced in drawing the casing Evidently this portion of Central Otago is more adapted for this borer than the Naseby district. . . MAY QUEEN. _ <Fbou Oub Own Correspondent.) AUCKLAND, August 24. Shares in the 'day Queen Sold Mining Company dropped to 5s 9d this morning, the result of rumours that the piston rod at .the Queen of Beauty shaft had broken. During the morning the most was made of this . rumour, and as long as three months' cessation of pumping was prophesied by some, who probably were interested in seeing shares go lower. The secretary of the Thames Drainage Board promptly telegraphed to the pumping engineer, and rtceived the following, satisfactory reply shortly after 1 o'clock :— '• Pump bucket rod brbkaa. Piston rod all right. Hope to start pumping again some time to-night." The Star's Thames correspondent says: — "There was a slight accident to the pumping gear "at the May Queen, but it has not turned out as serious as was anticipated. One of the steel bucket rods broke last evening, but it was quickly got out and sent to Messrs Price Bros., and has since been returned fit for wcrk. It was thought probable the bucket would be jammed, but just before lunch it was released. It will be examined, after which the rod will be coupled and pumping resumed. The water rose quickly in the shaft, but otherwise no inconvenience was caused." ROSS GOLDFIELDS. (Fftou Oub Own Corbesfohdent.) " GREYMOUTH, August 24. On Wednesday. September 8, the pretty littlo Borough of Ross will be en fete, the occasion being toe formal opening of the Ross goldfields claim. An express tram is being arranged for from town, stopping at Hokitika for a few minutes, and it is likely there will be a large number of visitors to inspect the interesting work undertaken by the company. It is understood that the Mont DOr claim will Also be- in full operation, sluicing with the giant noezles on, -to that visitors who may not. have seen gold sluicing in the most modern form may have an opportunity of wl * ncss " ing what practical miners have, with the ■aid of water, accomplished. The Hon. James M'Gowan, M.L.C., will formally open -the "Ross "goldfields claim. August 30. It is understood that a meeting of the directors of the Ross Goldfields was held OH Thursday evening, at which the resignation of Mr Wyllie, mine manager, was withdrawn. Some rearrangement of the -official staff was also made. Mr H. M. Smythe resigning the position of mining -engineer, and being appointed consulting engineer. Mr Smythe will likewise continue, the secretarial duties. NEW ALPINE MINE. (Fbou Ottb Own Coheespondent.) GREYMOUTH, August 24. The New Alpine mine manager reports for the week ending August 17 as follows : *' During the week No. 14 level was extended by hand labour and rock drill 12ft. making a total distance to the north of 142 ft. The reef has narrowed a good deal, «nd we now have toth walls with sft of reef between. The reef is bearing off towards the east, and is better looking. The atone and values have improved steadily in the stopes A good deal of mullocking .and logging up passes has been done. The trtpne in No. 8 stope is 10ft to 12ft in width, and ib all good payable ore. In "No. 7 stope going south there is 10ft of leef of fair quality. This stope 13 now 31ft south of the middle winze, and is still going strong. In the other stopes the reef remains unchanged. Ninety ton 3 have been delivered at the battery for the week. August 26. . The mine manager reports for the week -endei August 24 as" follows:—" During the week. No. 14 level was extended 7ft 6in north, making the total distance north of the crosscut 148 ft 6in. • This is exoeption■AHy poor work, and must be accounted for by the-Toek drill working very poorly. The reef is hard, and there is only about balf the- required pressure to drill the stone with. Two different stoppages occurred— one 'through the high pressure nozzle becoming blocked, and the other through a email breakage in the machine. 1 have altered the intake at the high pres«ure to make it almost a<n impossibility for a block to occur again. The reef in ■the etopes remains a good size, but the foest stone is coming from No. 8 stops. The areof is broken in the stope, and is slower -to handle than if it was all clean stone. "We have started to rise for No. 9 stone, and tibere is about 6ft of mullock between -the hanging wall and footwall spliced. We nave not broken down stone yet, so do not know the size, but indications point to a f«ir width of reef. One hundred and six ions of stone were paddooked for the ■week, making a total tonnage of 196 tone. ...oil GRAND JUNCTION MINE. WAIHI, August 26. As the result of an underground survey conducted at the Grand Junction mine in connection with the locality of the Martha lode at No. 5 level, the north crosscut is to be resumed immediately. The survej has shown the Martha lode ahead of the present face, consequently the lode previously cut through, showing a width of- 40ft, and which was considered to be the Martha lode, must be a stranger. NEW MAY QUEEN. By exchangee to hand on the 29th we learn that the directors of the May Queen have determined to soli the Moanataia. l portion of the mm* 1 to a corauany for £JO,QOO. The shareholders of the May Queen will have the fiist option over the snares, which are to be ofierpil at 3d on application and 3d on allotment. As the prospects of the Moanataiari portion of the mine have improved by tlio gold obtained by the Waictahi in the branch

J leader 6ft No. 4 level, it Is probable that the shares 'in the new company will be readily taken up. Not content with cutting out the Moanataiari section, the directors have arranged to sell the St. Hippo section of the May Queen, together with the Vanguard mine, for the sum of £2000. I The shares in the new company will, in the first instance, be offered to the present shareholders in the May Queen at, it- is said, Id on application and Id on allotment. The fact that the Shortland Flat Company is about t? commence operations in the Deep Sinker shaft will benefit this new company and enable work to be commenced at once on the St. Hippo reef. Then the shaft commenced by Mr Crawford for the Vanguard in the Karaka Creek will also be utilised for working the eastern section of the mine. The action of the -May Queen Company is to be commended, for it will c .iable the mines to be thoroughly proved, and afford employment for many miners. DREDGING RETURN!.. The following returns had been reported from dredges operating in Otago and Southland up to Sunday evening: — Oz. dwt. gr. Rise and Shine No. 1, dutha River. 138hre 105 14 0 Good Chance, Alexandra >.. 82 2 0 Rase and Shine No 2, Clutha River, 139hrs .... 45 0 0 Rising Sun, Cromwell, 130hrs 42 3 0 - Riley 's Revival, week ... 40 0 0 Muddy Greek No. 1; Waikaia, 131hrs 37 11 0 Otago No. 2, Miller's Flat, 105hrs 35 0 0 Waikaka United No 1, Waikaka, 130hrs 34 5 0 New Roxburgh Jubilee, Roxburgh, 126hrs 31 16 0 Koputai, Waikaia, 104hrs . . 28 4 0 Sandy Point, Alexandra, 123hrs 23 11 0 Lady" Roxburgh, Roxburgh, \vk 22 2 0 Muddy Creek No. 2, Waikaia, 131hrs -. • 20 18 0 Molyneux Hydraulic, Alexandra, week 18 2 0 Electric No. 1, Cromwell, 5 days 17 17 0 . Enterprise,- Alexandra, week 16 3 0 Central Cnarlton, near 13ore, 9± days 16 2 0 Golden Bed, Miller's Flat ... 16 2 0 Waikaka United No. 2, Wai kaka, 129hrs 15 0 0 Otago No. 1, Miller's Flat, 141hrs 15 0 0 Punt, Clutha River, 124hrs . 13 6 0 Olrig, Manuherikia, 7£ days 13 3 0 Chicago, Alexandra. 132 hr& ... 12 6 0 Electric No. 2, Cromwell, 4-i days 12 5 0 Golden Gem, Miller's Flat, week 12 3 0 Electric No. 3, Cromwell, 151hrs 10 0 0 South Waikaia, Waikaia ... 7 7 0 . Total 743 2 -0 The West Coast. New Trafalgar, 124hrs ... 16 9 Q LONDON STOCK EXCHANGE. LONDON. August 29. Waihi Shares— Buyers £9 10s, sellers £9 12e 6d. Waihi Grand Junction— Buyers 52s 6d, sellers 555. WEST COAST SHARE MARKET. (Fbou Oub Own Correspondent.) GREYMOUTH, August 26. Considerable activity continues to be shown in mining throughout the Dominion. A large amount of business in Auckland end West Coast 6tocks has been transacted by the Coast share-brokers. Waihi Junction, Reefton Consolidated, Ross Goldfields Limited, Progress, Blackwater, and New Alpine stocks seem to be in great demand. Scrip in some of these companies has shown a marked rise. A few weeks ago Reefton Consolidated could be bought at 17s, while they have changed hands within the last week or two at from 25s to 275. Waihi Junctions, a short time ago, were quoted at from 275, while now they are 545. Blackwaters, which could have been bought at 21s, are now 31s. WELLINGTON STOCK EXCHANGE. (Fbom Our Own Correspondent.) WELLINGTON, August 30. Stock Exchange sales. — Tangiaroa, 6jd ; j May Queen, 6s 7d. 6s 8d". Sales reported. — D.I.C. (preference), £1 Is 9d ; mmmg — May Queen, 6s 7d ; Mountain King (paid). Is 6d ; Saxon, 2s 2d ; Tairua Broken Hills, 3s 8d; Talisman. £2 13s. £2 13s 3d; Tangiaroa. 6d ; Waihi Consolidated, 5s 4d, 5s sd; Waihi Grand Junction, £2 14s 4*d, £2 14s 6d; Ross Goldfields (paid), 16s; New Alpine (paid), 7s. AUCKLAND STOCK EXCHANGE. (F*ou Our Own Correspondent.) AUCKLAND, August 30. The share market \va» fairly brisk to-day. The following sales were reported in mining stocks:— May Queen 6s 7d, 6s Bd, 6s 7d; New SylviiV, 3s Ed; Old Alburnia. 3s 2d to 4s, to 3s 7d. to 3s 9d. to 3s sd, to 3s 7d (paid). 3s 4d. to 3s 7d, to 3s 3d. to 3s sd, to 3s, to 3s 2d (contrib.); Saxon, 2s Id, 2s; Victoria. 2s to 2s Id, to Is lid; Waiotahi, 8s 2d. to' 8s 4d, to 8s 3d, to 8s 4d, to 7s lid; Watchman, 2e 6d ; Old Hauraki 2s, to 2i sd, to 2s 3d, to 2s> 4d. to 2s Id, to 2s 3d. to 2s 2d,to 2s 4d, to 2s Id, to 2s Ad; Pride of Tokatea, lid; Royal Oak, 3s 4d, 3s 5d (paid), 2s lid. to 3s 2d. to 3s Id (contrib.) ; Crown, 6s lid ; Maoriland. Is; Pride of Waihi. la; Tairua Broken Hills, 3s Bd. 3s 7d ; Talismans, 53s 9d. 53s 6d; Waihi. £9 13s, £9 12s M ; : Waihi Consolidated, 5« 3d, 5s 4d ; Waihi Extended. 6s fed ; Grand Junctions, 555, to 53s 9d, to 54s 3d, to 54^. ; Grand Junction Options. 30s 9d ; Handsworth, Is 5d ; Moun- , tain King, Is &1. Is (paid), Is 3d, Is 2d (contrib.) ; New Waitaia, Is 9d. DUNEDIN STOCK EXCHAXGE. A fair amount of business has been done . during the week, the ouartz section b2ing again chiefly in evidence. Imestment stocks g-enerallj arp firm. National Banks j are in fair demand at improved prices, a : eale boin£ effected ypsteidav at £5 lls, with further buyers at that price bur no sellers. Insurance shares have not been quoted freely during tho wek. Standards were reported at £1 3s 3. with further buyers at that price. Un'on S'eims ara on offer at £1 14= 3d. Wwtj.oit Coals have been offered froely, and d^clin^d in price to sellers £6 10s ex div. of 3s bd per share. Stocktons are no offer at 7s 6d, without buvors. T^onaghy's Rope are wanted at £1 0s 6d, without sellers There

was a reported sale in Milburn Lime during the week at £1* 7s, with further sellers at £1 7s 6d, without inquieirs. Mosgiel Woollen are wanted at £2 15s, with sellers asking £2 18s. New Zealand Drugs were sold at £2 7s, end New Zealand Papers at £1 2s 6d, with further buyers at £1 2e 3d and holders firm at £1 3s. A sale was effected of New Zealand JPortinnct Cement (contributing) at £1 Ls premium, with further sellers of both issues without inquiry. In the mining section business ha 9 been distributed over a number of companies. New Alpines are wanted at -6s 6d, but sellers are firm at Is 6d in advance of that price. Barewood quotes »re quite pro- I minent, but no business was recorded. Blackwa-ter Mines were quoted at £1 8s buyers and £1 10s respectively. Consolidated Goldfields are on offer down to £1 4s, without buyers, and forward deliveries were offered at £1 4s, with buyers at £1 3s. Of the Thames shares, May Queens have been in good demand during the week, and prices firmed about 9d per share, closing slightly easier. Waiotams have fluctuated a good deal, but not sufficient to be of much service to speculators. Kuranui Caledonians are about stationary, and Tairua Broken Hills advanced Is on the strength of -the company's new battery having made a. start and reports that values are satisfactory. Talisman Coi? 80 ] 1 ; dated paid a dividend and bonus of 2s od on the 25th, and prices eased back rather more than the amount paid, closing with buyers £2 12s od, sellers £2 13s 3d. There were sales up to £2 11s cum div. Waim Grand Junctions touched £2 lls end *>& 11s 6d during the week, but recovered to sales yesterday at £2 14s, closing with , buyers at £2 13s 6d, sellers £2 14s Waihis are steady— buyers £9 9s 6d, sellers £9 i 12s. The dredging market has not been productive of a great deal of business. The prospect of gorge dredges doing any cood for shareholders this season is tairry remote. Buyers and sellers of Electrics , are too far apart for any prospect of business. Hartley and Rileys are weak— • buyers 16s, sellers £1 Is. The Koputai quotes are too wide to be treated seriously. Rise and Shines were sold ex div at 4-1 12s and more are wanted at the price, with sellers at £1 12s 9d. Rising Suns are quoted at £1 14s 6d and £1 15s °d. Sailor's Bends were disposed of at ss, ami sellers offered to take 6d less for more shares at a later stage. Roxburgh Amalgamated? (contrib.) are on offer very regularly at 'ss 9d, with no better buyer than 46. Sales on Monday were confined to Rase and Shines, which changed hands at 34s 3d and a sale was reported of Waihi Grand Junctions at 55s 6d. This stock was quoted at 55s 3d during the forenoon, and closed with sellers firm at 55s 6d. Buyers were offering £5 lls 6d for National Banks, with no sellers, and there were no sellers of Mosgiel Woollens at 54s 6d, and N.Z. Paper Mills at 23s 3d. The following are Monday's latest quotations, subject to the usual brokerI age :— Dhedging Stocks. Electric— Buyers 2s 3d; sellers 4s. Enterprise— Sellers 4s. Hartley and Riley— Sellers 21s. I Island Block — Buyers Is 6d, sellers 2s 6d. Molyneux Hydraulic Co. Dredge— Buyers 3s. Ofago— Sellers 20s. Rise and Shine — Buyers 336 9d, sellers 34s 3d. Rising Sun — Buyers 345. Stanley Paracale — Sellers 20s. Mining Stocks. Royal Oak (contrib.) — Buyers 2s 9d, sellers 3s. Blackwater Mines— Sellers 30s 9d. Kuranui Caledonian (Ltd.) — Buyers 2s, sellers 2s 3d. May Queen (Ltd.) — Buyers 6s 6d, sellers 6s Bd. Talisman Consolidated (Ltd.)— Buyers 52s 9d. Tairua Broken Hills (Ltd.)— Buyers 3s 6d. sellers 3s Bd. Waihi (Ltd.)— Sellers £9 12s 6d. Waihi Consolidated — Buyers 5s Id, sellers 5s 4d. Waihi Extended— Buyers 6s 4d. sellers 6g Bd. Waihi Grand Junction— Buyers 53s 6d, sellers 545. Waiotahi— Buyers 8s 3d, sellers 8s sd. Aujrust 24: May Queen 6s 4d, 6s 2d, 6s Id ; Waihi Extended, 7s Id, 7s Id. 7s Id. 6s 9d, 6s 9d; Waihi Grand ' Junction, 51s 6d, 51a; Waiotahi, Bs, ?s. Sales reported. — Rise and Shine, 325; New Zealand Paper Mills, 22s 6d ; May i Queen, 6s, 6s Id; New Zealand Diugs, ] 475; Milburn Lime, 27e ; Waihi Extended i 7s 3d; Waiotahi, 7s lid, 8s; Pride of Waihi, Is. August 25 : Sailor's Beud, ss ; May Queen 6*. 3d, 6s 3d 6s 3d; Waihi Grand JuncffoTT (forward delivery), £2 14s. Sales Reported.— Tangiaro, 4d; May Queen, 6s 2d ; Kuranui Caledonian, 2s Id, 2s 1<1; Talisman Consolidated (cum div.) £2 17s; Waihi Extended, 6s 7Jd, 6s 8d; Waihi Grand Junction, £2 12s 9d; New Zealand Portland Cement (coretrib.), £1 18s j 6d ; Mornington Tram 4£ per cent, debentures, £99. August 26: May Queen, 6s Bd, 6s 9d, 6s 9d ; Waiotahi, 7s 9d'. 7s lOd. | Sale 3 reported : Tairua Broken Hills, 3s 6d, 3s 6d ; Waihi Extended, 6s 6d ; Waio t-ahi, 8s 6d, 8s; Waihi Grand Junction. 535; New Zealand Drugs, 475; May Queen. 6s 9d; Molyneux Hydraulic. 3s 3d. August 27.— May Queen, 6s Bd, 6s 8d : Waiotahi. 7s lOd, 7s lid. Sales Reported. — May Queen, 6s 9d, 6i 8d ; Waitangi. 3s lid ; Standard Insurance, £1 3s 3d. Aug. 28: Waiotahi. 8s sd, 8s 4<l, 8s 6d. 8s 6d, 8s 6d, 8s 7d, 8s Bd, 8s Bd, 8s Bd. 8s 3d. .Sales reported : Waihi Grand Junctions, 545; May Queen, 6s 9rl ; Waiotahi, 7s lid: Waihs Extended, 6s 6d, 6s 6id ; Standard Insurance, 23s 3d; Westport Coal, £6 9s 6d. Sal'-'s (forward deli\eries), Waihi Grand Junction. 55s (onp month), 55s 9d, 55s 6d (six we^ks). 56s (eight weeks). August 30.— Rise and Shine, 34s 3d. Sales reported.— Waihi Grand Junrtion«. 56s (»ix weeks), 54s 6d (spot). Rise and Shine, 33s 3d. In 1908 the total numbor of miles traversed by trains in the United Kingdom artiountod to 423,160,000. Mrs R. (*add. 307 M<i<lra- *<re<M, North Chiistchureh, NZ, wnto-: "Chamb^i UimV Cough Remedy i.« a mo=t \aluable medicine. I '•oil a lot of ir in my shop, and it 's ti-?d in my hom°. I ha\e iceommended it to -^ovoral p< oplf. and have never known it to f ail. There is no question but what it is tho foremost coug medicine sold in this district." For sale everywhere