MINING

Evening Star, Issue 11896, 26 May 1903, Page 5

MINING

(Continued from Page 6.) Sixty-four Otago and Southland dredges reported returns for the week ended May 23, tho total return being i,8540z 2dwt sgr._ Fifteen West Coast dredges reported returns for the week ended May 23, the total return being 3560z 9dwt 6gr. Mr Law*ford Reeves reports having received cable advice from his brother (Mr Harman Reeves, of Durban) that the South African syndicate for the Taipo explosive option lias been formed. .Mr Lawford Reeves to-day paid over the option money ("Inch is a ’substantia] amount) to the patentee’s agent. Considering that Mr Reeves had only returned to South Africa about ten days ago, his success in getting Ins syndicate together and cabling the option money so expeditiously warrants the iroumption that he will have no difficulty in completing the option by the flotation of a large company. The Mokoia. resumed dredging on Sunday njjrhfc. The Aiding a dredge-master wires that the shaft and brackets of the winrh barrel that carries the head-line broke this mornmg. They expect a new shaft to-morrow night. DUNEDIN EXCHANGE. This afternoon’s sales: Golden United, i j. U n, c f, lon Electric, 14/, 14/ ; Mokoia f™ s -). 21/6; New, Halfway House, 8/6 8/6. 8/10J, P/ ; Rise and Shine, 28/, 28/ - Wmmumu Central, 3/. ’