MINING.

Otago Daily Times, Issue 14507, 26 April 1909, Page 6

MINING.

llie height of Hip Molyileux River was ■ 6ft 3in above the normal mark at Alexandra morning, ami rain had again i fallen during I Ik l night. ( Alio directors of tho Waikaia Company have declared a <liviileml of Is, pavahlo s to-morrow. ■. J lit', master of the Punt dredge wires ihat ho is still repairing, and that lie expects 'u finish on Tuesday night. Tho Sandy Point dredge will stop vork fo-<lay to enable the tumbler bushes to Im» turned. '-Hie- master or iho Golden Gem dredge wired on Saturday that there would bo no wash-up, MkJ that by th;il evening' he would ; be down to tho claim recently purchased tr* Gate Company, Tho JOicctric No. 2 dredge, which ol> iamcd a return of 12ok last week, was working only two days on the bottom. The diedgeuuister states that tho pvo9j)eet6 are good, but the drift is troublesome, '^} l u ® ou^l dredgcina*sler report* as follows for tha week ending April 17: — I had u fair run up to Saturday Jiighr, 3 whon the main driving shaft brefho. 'I'tos ) ground is improving, and tho wash looking i iK'tier all across the face mid tighter, i l got 60/, 2dwt from the to]) mats on &iturday, which is at the rote of about 18oz for the woc-k. \\ ith a full run as the ground j l *> now 1 expect from 17oz to 20oz. The dopt.h of the ground is from 18ft to 25ft, and the width of the face beven chains, six and u-half of which is in rod clay bottom and tho other half inaori botioni." A Gazette notice dated .March' 30 last j elates thai, unless cause is shown to the contrary Avithiu three months from dale, the undermentioned mining companies will ■ l» struck off tho register and dia-olved-VHS.: .Mosquito Water-race Comj/any, St 1 Bathans Water-race Company, Dunston Creek Water-racc Company, Muddy Creek Main Channel and liawkdun Great Extended Water-moo Company, Taieri Rivor Company, Garibaldi Hydraulic Sluicing Company, Patcaro;* l)redging Company, Gulden Causeway Quartz Mining Company, Nent-horn, Moss Rose Gold Dredging Company, Jiarewood No. 2 Quartz Alining Coinl P 3 "*' a "d '' l 0 Ophir Dredging Company. Ill*} Queensland gold yield for March Mounted to 35,717 line ounces, ralucd at £151,716, as compared with 32,519 fine ounces, valued at £138,132, in the previous ' aml witl ' 597 fine ounces, valued at £151,206, _in March of last year. The calls and dividends during tho month were' mo r i e „ re Tow « re £3116, dividends £18,000; Croydon—Calls £924, dividends nil; Uvmpie—Calls £4136, dividends ™lL , unt Morgan—Calls nil, dividends iaU.OOO; luivenswood—Calls nil, dividends . ml. During the past week- 26 Otago awl Southland ihedges have reported return.s amouut-i-0 7070z 18dwt, or an average of over s 2'oz per dredge. Two returns from . tlie West Coast amount to 720 x 17dwt. ' DREDGING RETURNS. 1 r- 0Z - ( lwt. Jl'. lioputai, Waikaia, 138hrs ... :oi 15 o liico and Shine, , Clut'na ; ,„ B . i , ve !'' 133hrs ioo no [ Waikaia, Waikaia, 134hrs ... 14 0 Mystery Flat, Waikaia, 137hrs 43 8 0 Rising Sun, Cromwell, 132lirs 41 3 0 Mastertou, Waikaia, 13+hrs ... 3T 17 0 i Hartley and Riley, Cromwell, ! 90hi-B 32 14 o Wuikaka United No. 1, Wai- [ vr k: -h 1 !? h - i ' < 23 16 o | Waikaka Cmied No. 2, Wai- ' kaka, 128hre 23 ll' 0 ' Alexandra Eureka, Alexandra. 21 9 0 King, Roxburgh 20 5 0 ! Riley's Revival, Cromwell ... 19 15 o ■ Sandy Point, Alexandra, 122hrs 18 5 0 Muddy Creek, Waikaia, 120hr s 18 5 o Electric No. 1, Cromwell ... 17 8 0 Rise and Shmo No. 2, Oroni- ' well, 131hrs 17 3 0 , , I<ady Roxburgh, Roxburgh ...' 17 0 0 Molyneux Hydraulic, Alexandra, week ... -- 16 6 0 Loldeti Treasure, Miller's Flat, 121hrs 13 o 0 Central Charlton, near Core, , 12 1 0 Chicago, Alexandra, 127hrs ... 12 0 0 Electric No. 2, Cromwell ... 12 0 0 Kura, Waikaia, 123hrs 10 13 o Ciolden Bed, Miller's Flat, 5 days 9 12 0 Waikaka Queen, Waikaka, ! 1221 m) 7 5 0 South Waikaia, Waikaia, three days 6 2 0 'Total 707 18 0 Thk West Coast. i New Trafalgar, 122bm 41 6 0 Worksop, 130 lire ... — ... 31 11 0 ! Total 72 17 0 ' DUNEDIN STOCK EXCHANGE. The following are Saturday's quotation,".;, subject to the usual brokerage:— ' Dredgino Stocks 1 Alexandra Eureka—Sellers 3s 3d. Alexandra l/Mul-St-lluis 2<s 9d. 1 Alpine Consols—Sellers 9s. Eloctrio— Buyeri! 3s, sellers ss. Colden Bivl—Buyers & 9d, sellers 8s 9d. and Riley-Buyers 17s, Kellers Manuhea'ikia—Sellers 13s. No Town Crock—Biiypis 10s 6d. Pacfolus—lVjyers ss. ' Sailor's Bend-Sellors 12s 6d. Minixg Stocks. Talisman Consolidate!— Sellers £2 8s 6d. Wailii" Uran,d Juiict-ioi> —Bitvers £1 10s 6d, sellers £1 lis. Investment Stocxs. Bank of New Zealand—Buyers £8 16s, sellers £9. Standaul Insura-nce—Buyore £1 0s 3d. \Vostpori Coal Company—Sellers £6 10s. National Company—Buyers £2 16s. New Zealand Drug Companv (£2l— Sellers £2 7s 3d. Otago Daily Times-Buyers £20 17s 6d, sellers £22. AUCKLAND STOCK EXCHANGE. (From Ouk Own Correspondent.) t AUCKLAND, April 25. The following wore Saluivlay's sales on fho Stock Exnhnngo:—Wa-ihi. £9 4s; Talisnran, £2 80 6(1 a-nd £2 Bs. Closing prices were: WaiJii—Sellers £9 4s, Imyere £1) 3s . 6d; Talisman—ScJlere £2 8s Sd.'buvers £2 Ss. NOTES FROM ALEXANDRA. (ftiOJI Ous OffK Cobrkspondest.) ALEXANDRA, April 24. liming matters are very quiet owing to tlw gorge fleet of dredges" being idle. The rivor is falling slowly. The work of erecting new smelting workc at the ontinxmy mine, is progressing favour- , ably nrnlor the direction of Jlr Kingdon. mining exjwrt. This industry should give a eoiic-iderablc imiK-tus to. liiiiawj in tliis