MINING.

Evening Star, Issue 14527, 1 December 1910, Page 7

MINING.

There is no news yet about the working of tho new Morgan suction dredge. The first wash-up was to take place three weeks ago. People aro asking whether the wash-up did take place, and if it did, whether it was a good one or not ? Those from whom information might be obtained maintain an inscrutablo silence concerning the prospects of the dredge. Work at the Island Block claim has been resumed. There is a likelihood of operations having to be suspended on account of lack of water. Reporting on Tuesday the manager stated that the '. weather was oxcossivoly hot; the water about done. Operations might have to cease the following, night (Wednesday). Otago No. 2 dredge had a good. inn last week, and came across deeper ground. . The dredge-master is, however, unable to say as yet whether ho has got on to tho ' bottom. '' Last woek tho Sandy Point dr :dg3 ! crossed the face only twice, on accon.it of the ground being deep right across. Th> ' face remains very line, loose overburden I falling in frequently causing a lot of baling. Prospects are poor for the amount of 1 stuff put through. 1 At the Waikaia claim thero is no altera- ; tion to report in the workings of tho face ■ or the values of the wash. The bottom consists of maori and clay. Otago No. dredge had a short run owing to the elevation buckets parting. ' The ground keeps about the 6ame. In their annual report the directors of tho Karaunui Gold Dredging Company state that dredging operations were com--1 menced on August 15 last. On March 17 hist tho company's pumping-plant pon- : toons sank at their moorings and drifted down the Tiver, but fortunately they ' stranded on the rocks below the bridge. 1 It was expected, but for this accident, 1 that dredging operations would have been ■ started within ten days of the occurrence. ! The directors met, and decided to pur- : chase the Waikeri Company's dredge. They made reference to the action brought • against them by the Molyneux Hydraulic • Company, particulars of which liavo already been published by us. They anticipate that tho dividend-paying stage of - the eompany will bo reached before tho • annual meeting of 1911. • THE SHARE MARKET. , DUNEDIN EXCHANGE. ! The market continues quiet. No sales > wore made, neither were there any rei ported. Values remain practically un- ' changed. Quotations at noon: ' —Dredging.— Blackwater (cont.)—Sel 11/. ; Hartley and Rilev—Sel 12/. | Koputui—Sel 21/. —Sluicing.— i Ross Goldfields—Sol 2/10. • .Muddy Terrace—Buy 18/, sel 20/9. > Island Block—Buy 6/, sel 7/. ' —Quartz. — May Queen—Sel 3/7. \.Z. Crown Mines—Buy 4/, sel 4/6. New Sylvia—Buy 3/9, 'sel 3/11. ; Old Hauraki—Sel 2/2. Talisman Consolidated—Buy 52/, sel 53/. Waitangi—Buy 1/4. Waihi (ex div'.)—Buy 116/6, sel 118/6. Waihi Consolidated—Sel 3/4. i Waihi Grand Junction—Buy 31/, sel » 31/6. . —lnvestments. National Bank of N.Z.—Buy 116/6. National Insurance Co.—Buy 34/. Union Steam Ship Co.—Buv 36/6, sel r 37/6. , Westport Coal Co. —Buv 137/. sel 139/. . N.Z. Drug Co., Ltd. (£2)-Scl 50/. , Oainaru Wooden (ord.)—Buy 24/9. Whiteombo ami Tombs—Buy 126/, sel , 127'6. ; N.Z. Consolidated Dental—Buy 21/9. ANOTHER RUSH. 1 Press Association—By Telegraph—Copyright PFJtTH, December 1. (Received December 1, at 10 a.m.) Another rush has 6et in to the Gimlet ' country, near Orabanda. It is said that ! assays' up to 30oz a ton have been made.