MINING NEWS.

Evening Star, Issue 12926, 14 April 1908, Page 6

MINING NEWS.

River height this morning, 9ft si,i : heavy rain during the night. The Kura dredge-master reports for the week ended April 8 that the depth of ground being worked is from 29ft to 52ft. and is very tight. The Chicago dredge is working better ground than formerly, and improved returns are expected during the winter months. For the week ended April 11, the Rising Sun dredge-master reports : "Dredged 132 hours and worked ahead 12ft on a cut 150 yds wide. The drift was bad. There is no alteration in the ground or prospects. The bottom worked was partly clay and- partly sandstone. Machinery running well." THE SHARE MARKET. DITXEDI-V EXCHAXCE. Quotations : -Alexandra F.urckn Sel 5/. Alexandra Lead—Buv 1/3.' sale 1/6 Central Charlton—Sel 7/6. Chicago—Sol 10/. Electric—Buy 9/, se\ 10/6. Enterprise— 1/9. Golden Bed—Buv 12/, sel 14/. Koputai—Buy 47/. sel 51/. Lady Roxburgh (contrib.)—Sol 9/. Manuherikia—Buy 18/3, sel 19/6. Molyneux Kohinoor (paids)—Buy 1/6, eel 2/6. Mysterv Flat—Buv 44/, sel 48/. Muddy" Creek—Buy 22/. New Fourteen-mile Beach—Sel 2/ p. New Roxburgh Jubilee (paids)—Buy 4/6 New Trafalgar—Buv 13/, sel 17/. Olrig—Buv 1/9. Otago—Sel 50/. Pactolus—Buy 21/3, eel 22/3. Riso and Shine—Buv 27/6. Rising Sun—Buy 27/. Sailor's Bend—Buy 15/9. sel 16/. Tasmanian Copper—Sel 7/. Talisman Consolidated—Sel 53/. New First- Chance—Buy 3/6, sel 5/6. Bare wood—Sel 10/. Waikaka Queen—Buv 5/9, eel 6/. Standard Insurance—Buv 21/9, eel 22/3 Westport Coal—Buy 138/6, sel 140/ N.Z. Coal and Oil—Buy 9d. Commercial Property—Buv 2/9, sel 3/6. National Mortgage--Buv 60/, eel 62/6.' Donaghy's Rope—Buy 120/, eel 125/. CROMWELL NOTES. Our correspondent writes : The late rise in the river virtually closed down every dredge working in the Gorge, but as frost has set in the last few days the river is subsiding fast, and the Electrics, a; any rate, should resume dredging thic week. On the Clutha the two Shines, Risin" Son, and Font cLredges were the only gold-winners last week. The drift was very troublesome, and affected the returns of the Rising Sun and Shine No. 2. Shine No. 1 is clear of any drift, so is the Punt. The ground the former worked has got very deep, and the Punt's return was a decided improvement on those won lately.