MINING NEWS.

Evening Star, Issue 12094, 15 January 1904, Page 6

MINING NEWS.

Owing to a rise in the Nelson Creek, part of the left-hand section of the face being worked last week by the Aldinga dredge was dropped out of the cut, and for the last two days of the week the middle of the right-hand section of the cut was opened out wider. An immediate improvement in the gold won took place, and work is to be continued at this part of the face. The North Beach dredge will probably be idle for a week or more. A stoppage has been made on account of a new tumbler shaft being required, and this will have to be procured in Dunedin. In a report dated the 9th inst. the master of the Three-mile Greenstone dredge states that last week's return was spoilt through part of the west side of the paddock having been filled with silt, owing to several rises in the creek, while large boulders also prevented the dredge from bottoming. The bottom was rising, and the machine had to contend with large lumps of sandstone, which had slipped from the cliff. The dredge should be past this slip shortly, and there are no signs of another break m the 4diff for another quarter of a mile. RETURNS. Mystery Flat: 740z Ildwt, 202 hours. Charlton Creek: 20oz, 8 daya Enterprise No. 1: 30oz 12dwt, week. Enterprise No. 2: 240z lOdwt, 110 hours. WEST COAST. North Beach: 14oz sdwt, 78 hours. THE SHARE MARKET. DTOTOIN BXCPANOK. This mornings sales:—Dunsfcan Lead, 8/, 8/; Mamtherikia, 35/. 35/. Quotations r Aldinga—Buv 3/, sel 6/. Alpine No. 2—Buy 22/9, sel 23/9. Blaekwater tctbs.)—Sel 11/ pr. Dunstan Lead—Bur 7/6, sel 8/6. Electric—Buy 19/, *sel 30/. Enterprise—Bur 19/6, sel 22/. Ettrick—Buy 576, gel 6/. First Chance—Buy 8/6. Golden Bed—Buy 7/3. Golden Run—Buy 19/6, sel 22/.' Hartley and Riley—Sel 73/6. Junction Electric—Sel 4/3. Mairaherikia—Boy 34/6, sel 35/3. New Alpine Consols—Buy 8/, sel 9[/. . New Bendigo—Buy 12/, sel 20/. New Halfway House—Sel 7/6. No Town Creek-r-Sel 23/. Rising Sun—Buy 14/, sel 20/. Sullivan's Lead (ord.)—Sel 6/6. Unity—Buy 5/, sel 7/9. Wafkaka Queen (ex div.)—Ord., buy 7' sel 9/6. Alpine Extended—Sel 5/6. i Paotetnal Trastees—Baj 15/5, sel 15^6.

STOCK EXCHANGE NOTEB. Another appreciable fall has taken plaee in the height of the Molyneux, to-day's record being oft. This news earned perhaps a f&mt improvement hi the demand for a limited number of stocks, Alpine No. 2 and Ettrick shares having slightly better inquiry, with holders evincing more of a" tendency, however, to meet buyers. A much more pronounced improvement. took place in Maonherikk values, some shares being taken up at 35/. Dunstan Leads were depressed in tone, and a couple of parcels had quittance at 8/. The market hi Hartley and Rileys was also dull, buyers declining to make any move at all. Investment stocks attracted practically no attention.