MINING.

Evening Star, Issue 14053, 7 May 1909, Page 8

MINING.

■’ River height this morning, sft; weather overcast and mild. The manager at present in charge of the Good Chance Company’s dredge wrote on Tuesday:—“As previously mentioned, I expected to start dredging operations on ■ Monday or Tuesday of this week. Everything was in readiness, but after an hour’s work I found that the drift was running in as fast as -the dredge baled it out. 1 therefore stopped dredging. I also learned that the Manuherikia River was up. Owing to the ynild and warm days the snow on the Manuherikia watershed is melting fast. The probability is that by next Monday or Tuesday the Maaiuherikia will have subsided and settled, as the Molyneux is steady and low, and bo allow of dredging being done with success and profit to the company.” ■ The following returns from the Consolidated Goldfields, West Coast, were received by the Stock Exchange yesterday :—Progress mines, crushed 3,775 tons, yielding £5,858, cyanided 2,180 tons, yielding £734; Wealth of Nations, ‘crushed- 1,350 tons, yielding £1,832, cyanided 780 tons, yielding £600; Blackwater, crushed 2,232 tons, yielding £5,000, cyanided 1,455 tons, yielding £477. An important move in the- direction of opening up the Thames deep level was taken yesterday, when the Thames Drainage Board (in committee) decided to pomp down to the I,oooft level in the Queen of Beauty shaft.

At- the afternoon sitting of the Auckland Stock Exchange yesterday 975 Waihi Grand Junction shares changed hands at from 41s 6d to 43s 6d to 43s 6d, sellers closing at 42s 9d, with buyers still offering 42s 6d. Grand Junction options sold at 15s 6d. Waihi Extended sellers closed at 6s 9d, and buyers at 6s 6d. No less than 5,500 shares were disposed of. Waihis sold at £9 4s to £9 4 5 fid to £9 4 S ; no more in demand at £9 4s, and sellers at £9 4s 6d. Talismans sold at £2 8s 3d and £2 8s 6d, with late sellers at £2 8s 9d and bin-ore at £2 8s 6d. A lot of business was in Thames stocks at rising rates.

• RETURNS. Koputai : 120oz lldwt. 125 hours. Waikaia ; 290z 9dwt, 135 hours. South Waikaia : 13oz, week. Rise and Shine No. 1 : 87oz 18dwt, 90 hours.

THE SHARE MARKET, DUNEDIN EXCHANGE. Quotations : Alexandra Eureka.—Sei 3/. - • Alexandra Lead—Sel 2/. : Central Charlton—Sel 6/9. Electric—Sel 6/. Golden Bed—Sel 7/. Hartley and Raley—Buy 21/, sel 21/6sale, 21/. " ’ , Mannhsfrikia—Sel 13/. Koputai—Buy 59/, sel 41/6. Mystery Flat—Sel 31/ New A pine Consols—Sel 8/. No Town Creek—Buy 10/6. Rise and Shine—Buy 51/. Rising Sun—Buy 32/5. Roxburgh Amalgamated (paid)—Sel 7'6 New May Queen—Buy 2/3, sel 3/. ' Talisman Consolidated—Bur 48/ sel 49/. Victoria—Buy-1/. Waihi Extended—Buy 6/6, sel 6/9. Waihi Grand Junction—Buy 42/3 'A 1 42/9; sales, 42/6. * ’ Waiotahi—Buy 2/. New Saxon—Buy 2/. Bank of New Zealand—Buy £9, Standard Insurance Company Bur 22/3, sel 22/4*. 1 ' 7 Union Steam Ship Company— Sel 55/6. Westport Coal Company—Sel 130/, Perpetual Trustees Company—Buy 17/ly, sel 17/6. - ’ Milbom Lime and Cement (£l)—-Sel 29/. Milbtrrn Lime and Cement (IQs)—Sel 14/ New Zealand Portland Cement—Sel 41/6, Donaghy’e Rope and Twine—Sel 20/9. D.1.0, tprof.)—Sel 21/, < ... 11.1.C, (ond.)—Sel 5/ New Zealand Shaper Mills—S&l 99j.