MINING.

Evening Star, Issue 14523, 26 November 1910, Page 5

MINING.

The New Trafalgar return was obtained from tho terrace section. The Lady Roxburgh dredge has commenced operations at tho late Jubilee claim. Says tho Arxowtown ‘ Press 3 : —“ On numerous occasions has it been argued that portions of tho land between Arrowtown and Arthur’s Point would pay handsomely if suitable methods wore adopted. It is contended that the original bed of the Shotcver River went through this valley, and judging by tho water-worn rocks and tho general lay of the country there appears to bo much to justify this opinion. Prospects have also been found of a highly encouraging nature. Many years ago, when the dredging boom was at its height, a company partly arranged with farmers for an option over portions of their properties, but, ns far as wo know, nothing came of it. It would not bo a bad idea if the settlers had tho ground tested with the Government’s Keystone borer. One never knows but that they might have mines of wealth at their very doors. It is doddedly worth the experiment.”

Good progress is being made with the construction of the race on tho Grown Terrace. Mr J. Hamilton, under whose supervision the work is being carried out, has tho Brackens water in. _ When tho race cutting is completed, which will bo two or three weeks’ time, the erection of pipes will bo undertaken. The company will have 600 ft to 700 ft .of pressure in the claim. It is stated that the first paddock taken in tho Arrow River bed will be in the vicinity of the old Criterion quartz roof.

The Arrow River Company is sinking a paddock at the mouth of the Billy Creek. It was decided to test the ground there before taking out a paddock in the river bod immediately above this stream. THE SHARE MARKET. DUNEDIN EXCHANGE. There was only one sitting this morning. Two sales were made—Watchmans and Island Blocks changing hands at 3s and 6s 6d respectively. The following are tho quotations ; —Dredging.— Blackwater (con.) —Scl 12/. Golden Bed—Sel 18/6. Hartley and Riley—Buy 8/6, scl 12/. Koputai—Buy 17/. —Sluicing.— Roxburgh Amalgamated (paid)—Sel 7/3. Boss Goldfields—vSel 2/11. Island Block —Buy 6/, sel 7/, —Quartz. — Blackwater Mines—Sel 23/. Big River —Sel 61/. Consolidated Goldfields—Buy 19/, sel 20/6. May Queen —Buy 5/, sol 5/8. N.Z. Crown Mines—Buy 4/1, scl 4/5. Old Ham-aid—Buy 2/, sel 2/3. Talisman Consolidated —Buy 51/9, sel 53/. Hauraki Reefs—Buy 6d. Watchman—Buy 3/4, scl 3/6. Waihi—Buy 119/6, sel 121/_ Waihi Consolidated—Sel 5/5. Waihi Grand Junction—Buy 31/, sel 31/6. —lnvestments. National Bank of N.Z.—Buy 116/, sel 119/. Bank of N.Z.—Buy 205/. National Insurance Co.-t-Buy 54/. Standard Insurance Co.—Sel 26/9. Union Steam Ship Co.—Buy 36/3. Westport Coal Co.—Buy 136/, sel 139/. Cromwell and Bannockburn—Sel 10/6. N.Z, Coal and Oil—Sel 8/. Dunedin Stock Exchange Proprietary— Buy 60/. National Mortgage Co.—Buy 65/. N.Z. Loan and Mercantile—Buy 10/, Mosgiel Woollen Factory—Buy 66/. N.Z. Drug Co., Ltd. (£2) —Sei 60/. N.Z. Paper Mills —Sel 25/9. Oamaru Woollen (ord.) —Buy 24/6. N.Z. Consolidated, Ltd.—Buy 21/9. THE GOLDEN SUN DREDGING COMPANY, LTD. Tho share list of this company will "close on Monday, at 5 p.m.. Intending applicants for shares should apply immediately, as only a few shares remain unapplied for. The capital is small—viz.. £2,000 in 2,000 shares of £1 each—and there are nowendors’ or paid-up shares. The claim consists of over eighty acres in the Cromwell district, on the Clutha River, above the Rise and Shine and Rising Sun Companies’ claims. A largo number of shares have been applied for in tho Crom- - well district—nearly half the capital. Further particulars caa, ha obtained from the

brokers, Harman Eeeves, Vogel street, Dunedin, or from James Goodgcr, Cromwell.—[Advt.]