MINING.

Evening Star, Issue 14512, 2 November 1910, Page 5

MINING.

The Mystery Flat dredge worked the full face last week, and found the cast side still very deep and drifty. Towards the end of the week a much better-looking wash, on a red clay bottom, came in in the centre and western sections. The face was nine chains wide, with an average depth of 22ft. During October the Undaunted Sluicing Company won 1270z of gold. The Cromwell Syndicate dredge made a start to work the beach below Bannockbum Creek, and the high river will not affect them. It is more than likely that good returns will be forthcoming for the summer.

The Lowburn dredge is doing very well, and if the machine was capable of handling the claim to advantage there is very little doubt it would be quite as good as the Shine and Sun claims.— 1 Cromwell Argus.’ The secret iry of the Nokomai Hydraulic Sluicing Company reports that there has been a wash-up at No. 2, the result being 3560z. Good progress has been made at No. 1, where there was a short delay through a leak in the race. No. 3 has had a full week’s sluicing, and made good progress. The directors visited the claim and certain portions of the races, and found things in fairly good order. They are pleased with the future prospects. Electric No. 1 dredge has had to stop on account of the heavy drift. A washup is expected late this afternoon. The crew will be paid off until the drift becomes settled. Electric No. 2 dredge is still idle on account of the high river. The Sandy Point dredge worked 9ft ahead last week on a cut 100 yds wide, the depth of the ground being 30ft. The class of the ground and prospects were much the same as in the previous week Stacking room is very tight. THE SHARE MARKET. DUNEDIN EXCHANGE. Although a considerable amount of quoting was done thii morning only one sale was made, a parcel of Junctions changing hands for forward delivery at 34s 3d. Rise and Shines, 425. 425; Christchurch Meat, 2905; Waihis, 1525; and D.I.C. (pref.), 245, constituted all the reported business. Quotations: —Dredging.— Blackwatcr (contrib.) —Sel 7/6. Electric—Sel 2/. Golden Bed—Buy 17/6, sel 18/6. Hartley and Riley—Buy 7/6, sel 12/. Island Block—Buy 4/6. Otago—Sel 16/6. Rise and Shine—Buy 42/6. —Sluicing.— Ross Goldfields—Buy 2/6, sel 2/10. Nokomai Hydraulic—Buy 15/ 5 sel 18/. M uddy Terrace —Buy 50/ sel 21/. —Quartz.— Blackwatcr Mines —Sel 34/6. Consolidated Goldfields—Buy 19/3, sel 21/. May Queen —Sel o/11. N.Z. Crown Mines—Buy 4/2. New Sylvia—Buy 3/2, sel 5/5. Old Hauraki—Sol 2/9. Talisman Consolidated—Buy 55/, sel 56/. Talisman Consolidated (new issue) —Buy 36/. Watchman—Buy 3/1, sel 3/3. Waihi—Buy 132/, sol 154/. Waihi Reefs Consolidated—Buy 3/9. Waihi Extended—Sel 2/8. Waihi Grand Junction —Buy 34/, sel 34/3. —lnvestmem te.— National Bank of N.Z.—Buy 115/3, sel 117/. Bank of N.Z.—Buy 204/6. National Insurance Co—Buy 31/3. N.Z. Coal and Oil —Buy 6/. Milbum Lime and Cement (£1) —Buy 39/. N.Z. Paper Mills—Buy 23/. Christchurch Meat Co. —Buy 287/6.