MINING NEWS.

Evening Star, Issue 12882, 3 August 1906, Page 8

MINING NEWS.

The Kura dredge resumed work on Wednesday.

The Riley's Beach dredg©, now on tho Clutha, reached her claim on Wednesday, having dredged through part of the Punt Company's ground. The solid ground is widening out in front of the Three-mile Greenstone dredge. During the past seven months New Zealand exported 327,9280z of gold, valued at £1,324,445, an increase of 34,3560z, of the value of £140,226, oomnared with the corresponding period of last year. The export of gold last month was 62,8070z, as against 42,9560z in July of last year. THE SHARE MARKET. DtrfTEDI.V EXCHANGE. Quotations: Alexandra Lead—Buv 1/9. Bignell's No Town—Buv 2/6, sel 4/6. Dentral Charlton—Sel 11/. Ounstan Load—Sel 4/. Mectric—Sel 27/. . Ettrick—Buy 3/3, sel 4/6. First Chance—Buy 2/. Golden Bed—Buy* 11/, sel 13/6. Golden Run—Buy 15/9, sel 16/3. Hartley and Riley—Buy 20/. Island Block—Sel 5/. I#ady Roxburgh (contrib.)—Buy 13/ dto.. Bel 11/ dis. Molyneux Hydraulic)— Buy 3/. Molyneux Kohincor (contrib.) —Buy 4/, sel 6/.

New Alpine Consols—Buy 7/9. New Bendigo—Buy 1/. No Town Creek—Buv 12/, sel 14/6.

Otago—Buy 41/, sel 45/. Pactolus (ex div.) —Buy 37/6. Riley's Beach—Buy 3/. Rise and Shine—Sel 20/9. Sailor's Bend—Buy 9/6, sel 10/9. Sandy Point—Buy 21/. New'Trafalgar—Buy 19/. Roxburgh Amalagamated—Paids. buy 5/6, sel 6/6; contrib., buv 5/3. sel 6/. WaiM-Sel £9 10s. ■ " Big Rivei^—Buy 3/6, sel 4/6. Talisman Consolidated—Buy 23/, sel 24/. National Bank (new issuo)*—Sel 98/. Bank of N.Z.—Sel £8 15s. National Insurance—Buy 23/6, sel 24/. New Zealand Insurance—Sel 81/. Standard Insurance—Buv 19/6, sel 20/6 Westport Coal—Sel £6 "l7s 6d. N.Z. Coal and Oil—Buy 2/l£, sel 2/9. National Mortgage— Buy 61/, sel 63/. Milburn Lime (10/ paid)—Sel 12/6. Mosgiel Woollen—Sel 65/. N.Z. Drug (40/ paid)—Sel 48/3. D.I.C. (prof.)— Buy 21/104- - STOCK EXCHANGE NOTES. River height, 6ft 2in; hard frost. Golden Runs improving. Golden Beds declining, inquiry for Hartleys at par after some neglect, and a firm tone about Otago ecnp, with a slacker feeling about Rise and Shine—this pretty well sums up the " movements" on the market as disclosed by this morning's quotes. Developments at the Big River mine and at the Lady Roxburgh, Molyneux Kohinoor, and Riley's* Beach claims are being awaited, but speculators are not building up great hopes in advance, evidently. Meanwhile the frost on the goldfields is persuading the Molyneux inch by inch to confine itself within smaller compass. Strange to say, not much has been heard of drift lately." Maybe the mosquito fleet—to borrow a nautical term for the gorge dredges—will soon be able to let their ladders down to bottom and keep them there without travelling silt forcing them to release their hold. Many of these famine-stricken mosquitoes have already settled over the patch they intend to prospect. Once their proboscides penetrate the protecting skin of overburden all will be pleased to hear of their striking good, rich blood underneath, and gorging away to heart's content. There are emptv thoraces to be filled. Further failure would prompt the feeling that they are insect pests, along with the regret that they are not migratory. If that were the case they could put in an otherwise profitless time on Otago Harbor. They would be doing the province infinitely more good earning an honest living by straightening and deepening the channels than hanging about the Molyneux in expensive idleness. Harbor mud seems a more natural environment for mosquitoes.