MINING.

Auckland Star, Volume LXIV, Issue 188, 11 August 1933, Page 4

MINING.

OTAGO DREDGING. The GoMfleliis Dredging Co., Dunecjln. uhs taken over from Messrs. Joseph Sparrow and Sous the dredge operating ou the Sliotover Klvcr at Tucker Beach, lately owned by the CrOklen Terrace DreclginK Company. The dredge was purchased with tUG power plant complete from Messrs, ,1. Sparrow and Sons for the sum of £18,600. It Is the company's expressed intention to increase the capacity of Hip power plant to meet tin , demands in tho Lake County l'or power, and as soon as Ihe reports are to baud :i conference Is lieing arranged with the Lake County. Qnc'cnMtuwii Borough C.juncil, mid certain mining Interests, with a view tii Ilib formation <JC a power hoard, and it is proposed Clint tho company will I hen soil its power In bull; to this ficwlyf<.Lined power hoard. Weekly returns from the dreibte will be published on Tuesday of each week. SPECULATION IN SHARES. Commenting on (he warning to investors recently issued |>y tlio DiiniMl'm Slock Hxctmngc, tli« "Investors' Journal" say's : — "It is not unlikely that the "eyes' have been picked out of the. Central .Otago goldmining Ilclds mill whut is left' is poor.and will never pay to work. Comparatively few of the eopipanii's tha,t -have already hoen floated , ' und arc in operation are giving iin.vHjli)g Hkfl adequate n'trrns. Thrro are aho lit 40 mining coivpnnii-s whose sli/ircs nrfi tielns dealt In. und [very few of them me worth tho prices thnt are hring paid. "RpT-ulntlnn In milling shares is locr-l L';iii!)d'ng. but tbe traniMMic c"n It carHeil too f-r." The rraulhlir!;. frver is ri'o i-ii Hi" S.Milh ls!-nd. h>it. f"'tnnai.»|v. the e.HfJ^m'.i: !•■•• ~of .T-)r<\1ll '•"•«)! In f'.o N«"t!l T«liini|. aiirt il is to be honed that it; will not. Ore enn pvod'-t now Ihat many pqop'p nr<- soins to loge :) jroiifl fjcajl of money, Inst ns they did iii the "dredsing boom gome yenrs n?o."_