MINING.

Evening Star, Issue 14038, 20 April 1909, Page 6

MINING.

River height this morning, 6ft; weather overcast and threatening. The Central Charlton dredge-master expresses regret at last week’s return, stating that there was considerably more than the usual amount of clay in the ground. THE SHARE MARKET. DUNEDIN EXCHANGE. Quotations : Alexandra Eureka—Sel 3/. Electric—Buy 2/6, sel of.' Golden Bed—Buy 6/6, sel 10/. Lady Roxburgh (con.)—Sel 6,/. Manuherikia—Buy 10/. sel 13/, Mystery Flat—Sel 32/6. No Town Creek—Buy 11/3. Rise and Shine—Buy' 30/9, sel 32/6. Rising Sun—Buy 31/. Sailor’s Bend—Sel 12/6. Talisman Consolidated—Buv 46/9, sel 48/. Waihi Grand Junction—Buy 31/, sel 32/. National Bank of New Zealand—Buv 103/6, sel 106/6 Bank of New Zealand—Buy 174/6. National Insurance Company—Sel 29/5. sales 29/. Union Steam Ship Companv—Scl 35/3. Westport Coal Company—Buv 127/; sel 130/. _ , ’ " ■ National Mortgage- Co.—Buy 55/. New Zealand Drug Company, Ltd. (£2) —Sel 47/6. New Zealand Portland Cement—Buv 59/3, sel 40/3. New Zealand Portland Cement (new issue)— Buy 18/9 pm. ' Otago Daily Times’—Buy 410/. Donaghy’s Rope and Twine—Buv 19/, sel 21/. D.I.C. (pvef.)—Buy 21/6, sel 22/3. N,Z. Paper Mills—Buy 21/9, sel 22 5. Dunedin Stock F.xchange Proprietary— Buy 50/. CROMWELL NOTES. [From Our Own Correspondent.] Frost has set in, so the river is falling fast- and the gorge dredges will soon resume dredging. Only the Clutha dredges are getting any returns. Those from the Punt and Riley’s Revival were small. The Alpine No. 2 is opening out a paddock. So far she has been on shallow ground, but good returns are expected when she strikes deeper ground. The sensation of the week was the splendid return of 102oz,from Shine No. 1. The good returns this dredge has been getting so regularly enhances the value of the Rising Sun claim, as the rich lead Shine No. 1 is working runs straight into the Sun’s lower boundary, where the latter company have many years’ work before them whenever their dredge is brought down to work it. The Rising Sun’s return, though good, was not quite up to her usual average. The dredge-master is still dredging a wav the point to allow the full current of the river to flow into the cut he left, to sweep awav the overburden of loam. The late rains have considerably freshened up the water supply on the” Nevis, and the el dicers are hard at it finishing their paddock before severe frosts set in. The prospects of the New Luggate Hydraulic Company continue to improve.