MINING.

Evening Star, Issue 14529, 3 December 1910, Page 5

MINING.

The manager of tho Waihi Reefs Consolidated Mine reports that during the last fortnight good progress has been made sinking. For the week ended November 19, 15ft was sunk, and last week lift, making the total depth of the shaft 645 ft. Thu ground scorns to be getting a little harder, but there aro slides in it every few feet. No trouble is experienced with the timbering. In the manager’s opinion the shaft is now penetrating the older andesite. Tho machinery is going well. Lady Roxburgh dredge did not wash up yesterday, tho master deciding to push on ufi fast as possible with opening up a cut.

Tho master of tho Nelson Creek dredge wired to-day that he had an accident yesterday morning similar to that which happened ten days ago, and that ho exported to get started again on Monday. Tho washing-up will therefore bo delayed till Tuesday.

Tho Tuapeka Times ’ says that the Golden Rise Sluicing Company have closed down owing to shortage of water. The Golden Crescent Company is also suffering from the limitation of its water supplv. RETURNS.

Sandy Point : 250z 17dwt, 98 hours. Rising Sun : S9oz 4dwt. 135 hours. Blackwater River : 460z 12dwt, 124 hours. Karaunui : 50oz lOdwt, 125 hours. Rise and Shine No. 1 ; 420z, 139 hours^ Rise and Shine No. 2 ; 560z 12dwt, 157 hours. Waikaka United No. 1 : 250z 17dwt, 129 hours. Waikaka United No. 2 : 16oz 14dwt, 126 hours. Olrig : lloz 16dvvt. THE SHARE MARKET. DUNEDIN EXCHANGE. A couple of sales in Waihi Extendeds at 2s 2d proved the only sales on ’Change this morning. A considerable amount of business was made otf ’Change. Stocks changed hands as follows :—Tairua Broken Hills, Is Id; Old Hauraki, 2s l^d; Island Blocks, 6s 3d; Union Steams, 375. Reported business yesterday afternoon included: Westport Coals, £6 18s; Paper -Mills, 23s 6d; Standard Insurances. 26s 3d. To-day’s quotations aro as fellows:

—Dredging.— Blackwater (contrib., c.x div.)—Sel 11/. Electric—Buv 1/6, sel 2/. Golden Bed—Sel 19/. Hartley and Riley—Buy 8/6, eel 12/. No Town Creek —Buy 76 Rise and Shine—Buy 42/. Rising Sun—Buy 41/, sel 45/.

—Sluicing.— Ross Goldfields—Sel 2/10. Muddy Terrace—Sel 20/9. Island Block—Buy 6/, sel 6/6. —Quartz.— Bare wood —Buy 56 Big River —Buy 55/, scl 61/. May Queen —Sel 5/7. N.Z. Crown Mines—Buy 4,2. New Sylvia—Buy o'Y), scl 3 11 Old Hauraki—Scl 2/2.

Talisman Consolidated—Sel 53/. Tairua Broken Hill—Sel 1/3. Watchman —Buy 3/1-i, eel 3/4. Waihi—-Buy 114/, eel 116/. Waihi Extended—Buy 2/. Waihi Grand Junction—Buy 31/, sel 51/6. —lnvestments.

National Bank of New Zealand—Buy IVJ. sel 117/. Bank of New Zealand —Buy 2076 National Insurance Co.—Buy 546 N.Z. Insurance Co.—Buy 81/. South.British Insurance Co. —Sol 65,6 Standard Insurance Co.—Buy 26/, sel 26/6. . ‘ Union Steam Ship Co.—Buy 36/9. Westport Coal Co.—Buy 157/, scl 139,6 Westport Stockton— Buy 7/1. Dunedin Stuck Exchange Proprietary— Buv 61/.

National Mortgage Co. (Lend. Reg.)— Buy 62/6. N.Z. Paper Mills?—Sel 55/9. Whitcombe and Tombs—Sel 128/. Christchurch Meat —Sel £l4 15'. A GOOD RETURN. As the result of development work at Mokihinui, there is likely to be a big revival in quartz mining in that district. Some little time ago the men working in what is known as the Red Queen district located a reef 20ft wide. They have since gone on with development work, and have uncovered 40ft of the reef, which appears to be of a permanent character. Careful assavs made at the Westport School of Mines of specimen stone brought to the town gave the handsome return of 31oz to the ton.